SOL-Based Meme Coin BOME Surges Amid Solana ETF Filing as This Layer 2 Meme Coin ICO Raises $1.5 Million

BOME fueled the Solana meme coin’s recovery amid ETF speculation, with its price jumping in the last 48 hours. Similarly, the new $PEPU meme token has raised $1.5 million in its presale.

Aside from BOME, other Solana-based meme coins also saw marginal growth despite the bearish market trends and dips Meme Coins,

The potential of this ETF has fueled optimism within Solana’s ecosystem, resulting in higher trading volumes for its related meme coins.

Another meme coin is making waves new Pepe Unchainedwhich has generated significant hype, surpassing $1.5 million in its pre-sales.

Since many of you have been closely following the BOME and $PEPU projects, it’s time for a quick update on recent developments and future prospects.

BOME Price Analysis by Silinix Crypto

BOME recently showed bullish signs, especially with a strong breakout on the 12-hour timeframe two days ago. This breakout occurred above the key resistance levels of $0.0098 and the psychological barrier of $0.01.

Earlier, BOME was in a downtrend. However, it formed a bullish pattern with a double bottom and a bullish divergence on the RSI, indicating a possible reversal. The 4-hour time frame takes a closer look at the breakout and potential entry points.

The breakout zone coincides with a confluence of support levels: psychological support at $0.01, the trend line, and the 0.236 Fibonacci retracement level of the recent decline. Multiple EMAs (100, 28, and 50) also converge around this area, further strengthening this support zone.

While these technical indicators paint a bullish picture, caution is a must. The broader market, especially Bitcoin price currently below $62,200 (a key resistance level), could hamper a strong BOME rally.

Therefore, it may seem tempting to enter a trade around the support area with a target of the 3:2 or 2:1 Fibonacci level, but it is important to wait for confirmation.

BOME Price Forecast

Despite a bearish start in the last 24 hours, Book of Memes (BOME) reversed its trend following the news of the filing (the details of the filing are not mentioned here for the sake of brevity). This surge pushed BOME to the top gainer on CoinMarketCap, hitting a 7-day high of $0.01073.

The price action has been volatile, with BOME fluctuating between $0.01073 (intra-day high) and $0.00901 (intra-day low). At the time of writing, BOME is at $0.0097, representing a 5% increase from its 24-hour low.

The recent rally saw a surge in both market capitalization (up 16% to $736,722,054) and 24-hour trading volume (up 124% to $179,342,372).

However, it is important to consider BOME’s historical price range. It reached its all-time high of $0.028 on March 16, 2024, but also hit a low of $0.00085 just two days ago. Since then, the lowest price recorded was $0.007192, while the highest price was $0.015846.

The Fear & Greed Index currently shows a neutral score of 47 for BOME, which gives reason to be optimistic about its potential price increase in July.

First, BOME has performed strongly recently, with 16 positive daily gains out of the last 30 (53% win rate). This consistent upward momentum suggests healthy demand and investor confidence in the project.

Secondly, BOME’s high liquidity is evident from its substantial market capitalization of over $670,000 and a strong 24-hour trading volume of around $87,000. This shows that the coin is actively traded and can handle large transactions without major price fluctuations.

All these factors together indicate a positive market outlook for BOME. However, it is important to remember the recent volatility and the coin’s distance from its all-time high.

Further developments related to the filing and broader market trends will likely influence BOME’s price trajectory in July. You can check out our guide here for more information on this. Top Altcoins,

Silinix Crypto Reviewed New Presale with Layer 2 Benefits

Pepe Unchained (PEPU), which is currently in its presale phase, continues to attract a large influx of investors with no sign of slowing down. Driving this interest is a revolutionary layer-2 chain designed specifically for meme coins, sparking fresh excitement within the crypto community.

At its core, $PEPU operates on a robust ecosystem centered around the Pepe Unchained layer-2 chain. Whether due to its modest initial market cap or its focus on utility, Pepe Unchained offers an attractive alternative to existing meme coins.

For example, PePay, which runs on Ethereum, faces problems such as high transaction costs and delays. PePay Unchained addresses these challenges by leveraging its dedicated layer-2 chain designed for meme coins, enabling faster and more cost-effective transactions than popular blockchains like Ethereum.

For meme coin investors and traders, making timely decisions in a rapidly evolving market is crucial. This underscores the importance of layer-2 chains like Pepe Unchained, which facilitate capitalizing on rapid price changes by eliminating network congestion and high gas fees.

Pepe Unchained claims to process transactions a hundred times faster than Ethereum, as well as support instant bridging and handle high transaction volumes. If the platform comes out as envisioned, it promises to become an ideal chain for the dynamic world of meme coins.

The presale has already raised $1.5 million. Currently, investors can purchase $PEPU at $0.0081613, with this price expected to rise as the campaign progresses. Investors also have the opportunity to stake their $PEPU tokens to earn passive income during the holding period.

At the time of writing, the staking annual percentage yield (APY) stands at an impressive 1,338%, which is likely to adjust over time with growing investor participation. Currently, 119 million $PEPU tokens are staked.

For updates on pre-sale, claiming rewards and exchange listings, follow Pepe Unchained X And WireTo participate in the $PEPU token presale, go here pepeunchained.com,

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