Memecoins
These next generation Meme Coins offer huge 2X potential
The cryptocurrency market witnessed a sudden bearish reversal, with the price of Bitcoin falling by 2.29% in early Asian hours. Ethereum, major altcoins and meme coins are marked in red after BTC crash. Most expect the upcoming FOMC meeting to be the potential catalyst for FUD.
Amid the crash, some meme coins made waves and made huge gains in the last couple of days. Will these coins sustain the bull run in the coming days even after the FOMC meeting?
Let’s take a closer look at the price charts of these high-potential coins to answer this question.
Will BYTE Token Reach 50% Fib Level?
With a bullish recovery in the last 48 hours, the price of BYTE token has increased by 155%. The bull run creates three consecutive green candles, undermining May’s pullback phase.
According to Fibonacci levels, the meme coin surpasses the 23.60% level and suggests a continuation of the uptrend. Furthermore, the 750% increase in trading volume strengthens the recovery.
When BYTE’s market capitalization reaches the $20 million mark, underlying demand is expected to increase. If the momentum is sustained, the meme coin can reach the $0.00003422 mark, which aligns with the 50% Fibonacci level.
Will Roxy Frog be the next big meme coin?
With a market capitalization of $1.19 million, Roxy Frog is positioned as an undervalued meme coin that will soon shine. With a massive surge in recent weeks, the ROXY token shows massive movements and impressive upside potential.
Furthermore, with a jump of 83% yesterday, the ROXY token shows a 16% pullback and is trading at $0.00014. As it maintains dominance above the psychological $0.00010 level, the 260% increase in trading volume reinforces the bullish trend.
With the possibility of a new all-time high, ROXY price could reach the $0.00020 mark.