WIF, BOME, and PEPE are predicted to lead the next wave of meme coins to unprecedented levels of success.
After a slight dip to $2.3, WIF is expected to bounce back and reach the $3 mark.
As the crypto market continues to evolve, new meme coins like Book of Meme (BOME), DogWifHat (WIF), and PEPE are emerging as strong contenders. Surprisingly, these coins are gaining popularity and capturing the interest of the crypto community, making them strong rivals to long-standing favorites like Dogecoin and Shiba Inu.
With the rise of these emerging meme coins, large-scale investors known as whales are increasing their activities and flooding exchanges with their transfers.
Book of Meme (BOME) stands out due to its circulating supply of 50 billion, making it a potential candidate to reach $1. In the past 90 days, this meme coin has experienced a tremendous surge of 1,468%, currently trading at $0.01424. Reports suggest that BOME is currently in a recovery phase, bouncing back from a crucial Fibonacci retracement and heading towards a bull run. After a significant pullback from its all-time high of $0.02805, analysts have noted that BOME is crossing the halfway retracement level, which could propel it to $0.30. Furthermore, an increase in buying pressure indicates that BOME is poised to challenge its 38.20% Fibonacci level. This upward trend would allow BOME to reclaim the important psychological level of $0.015. Interestingly, the sudden surge in trading volume supports the ongoing rally.
WIF and PEPE are also expected to take the lead in the meme coin market. Currently, WIF ranks as the fourth largest meme coin with a market cap of $2.3 billion, trailing behind Dogecoin, Shiba Inu, and PEPE. Last month, WIF experienced a surge of almost 700% before being affected by the overall market downturn. On March 18, WIF briefly surpassed PEPE to become the third-largest meme coin, reaching $3 before declining to its current value of $2.3. According to CoinCodex, WIF is projected to reach $3.38 by the end of March 2024.
It’s worth noting that this current level was accurately predicted by an analyst named Bluntz and reported by Crypto News Flash. At the time, WIF was trading at $0.361886. Bluntz is known for being a strong proponent of the Elliott Wave theory, which focuses on recurring long-term price patterns. Bluntz noticed that WIF was in the second wave of a five-wave pattern and predicted that the asset could surge by 270% to reach $1. Remarkably, the meme coin experienced a surge of 323% from $0.0759 on January 8 to $0.361886 on January 26 and has continued to rise since then.
Another meme coin generating a lot of buzz is PEPE. In the past 30 days, PEPE has seen a surge of 540%, reaching $0.00001074 within that period. However, the coin experienced a sudden drop and is currently priced at $0.00000758. Nevertheless, it is expected to reach its all-time high during the next bull cycle, potentially fueled by the impact of Bitcoin halving.
In conclusion, WIF, BOME, and PEPE are poised to make significant strides in the world of meme coins. Their growing popularity and the confidence of investors indicate a promising future for these emerging cryptocurrencies.