After a sharp rise on Monday, all major currencies showed a bearish trend on Wednesday, and the market took a brief break. However, in the turbulent market, altcoins and meme coins are chasing higher prices.
As the crypto world gears up for altcoin season, memecoins are a great option for huge returns. However, increased volatility and quick reactions to sentiment make them a riskier option.
Don’t worry. We have found a list of several meme tokens with the best potential to make the next 10x surge. So, let’s check out the price chart and analyze their potential and the likelihood of a bull run.
A selection of top MEME coins, which will surge 100 times next time!
Dogwifhat（WIF）
On the 1D chart, WIF price trends show a massive 10.22% surge overnight to form a bullish engulfing candle. The memecoin’s rising price marked a bullish breakout of the symmetrical triangle and is poised to reclaim $3.
Dogwifhat is one of the top performers in the memecoin space and is a newcomer to the market. This highlights that there is huge upside potential for WIF price if the uptrend gains strength.
The triangle breakout rally could reach the $10 mark in a few weeks and has the potential to reach levels above $15 during the altcoin season.
BOME breaks through very quickly
Another top performing coin is Book of Meme which is currently in a bull run having gained 20% in the past four days. The upper trendline breakout marked a triangle breakout in BOME’s price action and surpassed the 50% Fibonacci level.
The meme coin is ready to challenge the $0.015 mark as the upward momentum of three bullish candles faces threat near $0.013. Depending on the retracement levels, BOME price could rise to the $0.059 mark.
Optimistically, the altcoin season could see the price of Book of Meme surge to levels close to the psychological mark of $0.10.
BABY
The uptrend in PEPE price continues to gain strength with the breakout of the descending channel. The continued growth in demand has pushed the price above the psychological barrier of $0.000010 and is showing a successful jump from the rounding bottom breakout after a retest.
Amid the broader market recovery, PEPE price successfully retested, surging 50% in 48 hours. This bull run created two consecutive bullish engulfing candles and challenged the $0.000015 mark.
Currently, PEPE price is trading at $0.000014, stagnating near its all-time high, and Ethereum's rally has paused. Considering that the Ethereum ETF will be approved this Thursday, the bull run of this meme token will continue to maintain its strong momentum.
With a massive uptrend, PEPE price has barely shown any weakness in the bull run. Moreover, with extremely bullish momentum in the second half of 2024, this meme token is poised for a 100x upside.
In the short term, if the PEPE price sustains above $0.0000144 today, it might reach the $0.000019 mark. Beyond that, $0.00002782 is a feasible target at the 2.618 Fib level.
DOG Rally begins
In a bid to boost Bitcoin adoption among the masses, DOG GO TO THE MOON is making a comeback. The DOG token price has risen by 69%, forming three consecutive days of bullish candles.
In the 4-hour chart, Meme coin is showing a rounding bottom pattern with the neckline at the all-time high of $0.0057. According to the trend-based Fibonacci levels, a trend reversal in DOG price could reach the $0.010 mark in the coming weeks. Considering that the bull run is still ongoing, the uptrend of this meme coin could reach $0.050.
Will these meme coins jump 10x?
As the broader market momentum gains, bullish expectations surrounding memecoins are also growing stronger. Moreover, the prices of these cryptocurrencies offer investors an excellent buying opportunity before the bull run begins.
