Memecoins
Book of Meme Sees Gains as Pepe Unchained ICO Raises $1M
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As bulls dominate the cryptocurrency market, Book of Meme is up 14% today. Pepe Unchained’s pre-sale is also making waves, raising more than $1 million.
As bulls take control of the cryptocurrency market, Book of Meme is on a strong rise, up over 14% today.
And it’s not the only memecoin making waves. Pepe Unchained’s new presale is also making waves, having just surpassed the $1 million mark raised in total.
Interest in Memecoin Resurgent, Led by Book of Meme
It’s been a great 24 hours for memecoins, but few have topped Book of Meme.
It all started with the cryptocurrency market taking off today, up 1.8%. This was due to a presidential debate between Donald Trump and Joe Biden, which led to calls Joe Biden will resign due to shaky performance.
This increases the chances of Trump regaining office, which would be bullish for cryptocurrencies, with the former president approving Bitcoin during its ongoing campaign. But memecoins have benefited the most from the debate, with the sector’s total market cap rising 3.8% today.
Business mogul and memecoin enthusiast Elon Musk pointed this out, tweeting that memes were the clear winner of the debate.
Tonight’s was a clear victory… for memes
— Elon Musk (@elonmusk) June 28, 2024
The BOME jumped 15% today, although it has retreated slightly since then. However, it is still up 6% today and is also at a 12% premium compared to last week. It is currently priced at $0.01007 with a market capitalization of $713 million and a 24-hour trading volume of $215 million, up 233% today.
The project’s recent price change has piqued the interest of analysts.
“BOME is pumping hard with very low volumes, and that is a very bullish sign. Let’s wait and see if it can break the supply dominance zone. If it does, we go higher,” She said Leo on X.
Meanwhile, commentator Zen predicts a move towards $0.013 in the coming days, which is a further gain of nearly 30%.
$BOME fell to support at ~0.0094 and rebounded to 0.01135 – all targets from previous review achieved ✅✅
Now #BOOM pumps like Solana. At some point it should reach a wide fair value gap down to 0.013 that I talked about earlier. And the same area around 0.0094 plays the same role of support for… https://t.co/PbIh150w2N photo.twitter.com/I6Q1A8Q7Pg
— Zen (@WiseAnalyze) June 27, 2024
On a longer-term perspective, respected trader Crypto Knight suggests that BOME could reach $0.037.
BOME’s recent outsized strength indicates that its high-octane growth could continue as the bull market progresses.
And with its founder, Darkfarms, an acclaimed artist known for his Pepe artwork, the project has some of the strongest fundamentals of all memecoins. But it’s not the only Pepe-related token with solid fundamentals. The new Pepe Unchained memecoin is another promising project. It’s currently on presale, meaning investors can buy at a low price.
Could this be the next memecoin to explode?
Pepe unleashed it’s not just any memecoin. It brings the memetic thrill of OG Pepe while solving cryptocurrency’s most daunting problem: scalability.
Before layer 2 blockchains, users had to choose between decentralization and scalability (i.e. speed and low fees). Today you can have both. Layer 2 provides the decentralization and security of Ethereum with incomparably better speeds and fees.
But Pepe Unchained is the first Pepe-themed cryptocurrency to build a layer 2 of Ethereum. Users can make transactions on Pepe Unchained that will be 100 times faster and significantly cheaper than on the Ethereum mainnet.
A built-in bridge allows users to seamlessly transfer assets between Pepe Unchained and Ethereum. In line with the values of transparency and immutability of cryptocurrencies, Pepe Unchained will have its own block explorer.
The project intertwines the playful nature of memecoins with unique blockchain features; it is the basis for the mass adoption of cryptocurrencies.
Analysts praise Pepe Unchained. In a recent video, 99Bitcoins YouTuber speculated that it could 10x after its pre-sale.
The presale has raised $1.1 million so far. Investors can purchase $PEPU for $0.0080964, but this price is expected to rise over the course of the campaign.
For more information, Visit Pepe Unchained Pre-Sale Website.
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