The market is still trading at lower levels as they anticipate the next leg of the bull market.
During this consolidation phase, it is an opportune time to explore new cryptocurrencies that have the potential to generate 10x to 100x returns in the future.
One of these is currently in the pre-sale stage, giving investors a chance to buy it at a potentially lower price before it hits the public market.
The Book of Memes (Bom)
Book of Meme (BOME) is a newly established meme coin on the Solana chain, which has recently dropped by almost 50% from its peak.
Over the last 7 days, it has shown remarkable growth, with its value increasing by 9%.
Currently, $BOME has a market cap of $660 million, and achieving a 10x growth would take it to $7 billion, which is a realistic target. With a circulating supply of 68.9 billion $BOME tokens priced at $0.009, the price is likely to decrease by decimals in the future.
Book of Memes’ minimalist website may look disappointing, but from a chart perspective, it has recently entered oversold territory on the RSI, which has fallen below the 30 RSI threshold.
These levels often reflect human behavior and psychology, reflecting periods of extreme fear in crypto markets. Buying during such fear-induced dips and selling during the peak of greed is a common strategy during bull market cycles.
While a 10x increase might seem ambitious currently, a target of $0.03 per $BOME by the end of the bull market could potentially double or triple its current value.
Book of Memes shows strong on-chain metrics, including robust daily active users on the Solana network, a growing number of holders over the last 14 days, and promising transaction fee figures, all of which indicate active user engagement and network usage.
Those looking for alternative investments should visit our website Guide to the best meme coins to buy in 2024,
Pepe Unchained (PEPU)
Pepe Unchained is set to launch its own blockchain and block explorer, which is a significant milestone for this new layer 2 utility meme coin. Currently priced at $0.0081613 per $PEPU, it offers substantial staking rewards, with a 1302% APY, which is remarkably high.
The current presale phase ends in just 24 hours, triggering an immediate price increase. The project is centered around Pepe, its main character now free within his own Layer 2 ecosystem, adding an innovative twist to its tokenomics.
With a maximum supply of 8 billion tokens, Pepe Unchained allocates its tokens into different areas: 20% for pre-sale, 30% for staking rewards, 20% for marketing, 10% for liquidity, 10% for project financing, and 10% for on-chain inventory.
The project has a clear roadmap focused on establishing itself as a leading meme coin, and will leverage the popularity of Pepe-related tokens, which are known for their viral potential.
Despite its meme-centric and pretentious nature, Pepe Unchained has potential. This is evident from the enthusiastic response it received to its recent $1.5 million presale Rage celebration post, which generated significant engagement on social media platforms.
We’ve reached $1.5 million! 🎉💸
Pepe is breaking chains and making profits with his new blockchain! 🐸🚀 pic.twitter.com/Ilbu8KOT9N
— Pepe Unchained (@pepe_unchained) June 30, 2024
Crypto experts and major crypto news outlets have also covered the project, further increasing its credibility for investors. While the current high staking rewards are attractive, they are expected to gradually decrease as liquidity in staking pools increases.
Overall, Pepe Unchained presents an interesting opportunity in the meme coin space that has the potential for market growth. To participate in the $PEPU token presale, visit here pepeunchained.com,
Chuan Pu (CHUANPU)
There is a new meme coin called Chuan Pu, often jokingly referred to as the “Chinese Donald Trump”. This coin has already experienced significant growth but is currently undergoing a correction, making it a potentially favorable phase for accumulation.
The current price is $0.006157, and its market cap is $6 million. A 10x increase would make its market cap $65 million, while a 100x increase would make it $650 million.
Chuan Pu’s theme is based on the concept of a Chinese version of Donald Trump, which ties in with the election theme and also has its own cartoon episode.
Despite its meme nature, it has attracted attention and engagement, particularly through its entertaining content.
Initially based on the Solana blockchain, there are possibilities to expand onto other chains in the future.
Currently, Chuan Pu is positioned around $0.006, aiming to break the $0.00742 resistance, with a possible upcoming listing on platforms such as MEXC if market conditions remain favorable following the recent market volatility.
If you are totally interested Best Initial Coin Offerings (ICOs) of 2024Explore our comprehensive guide featuring the most promising options.
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