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BONK, BOME and MOG lead the bull run with 100% gain potential
The broader market starts early, with Bitcoin preparing a bounce from the crucial psychological support at $60,000. As meme coins are the torchbearers of this year’s bull run, smart money is closely watching trend reversals and the launch of new, hot coins.
With the market on the verge of a bull run, the recent surge in meme coins presents a buying opportunity for massive gains. As the prices of popular coins like BOME, BONK, and MOG rise, should you consider buying them for a 100% gain next week?
Murad Mahmudov, a well-known financial analyst, open The next big cryptocurrency, and it’s not XRP or Cardano (ADA), is meme coins. With social media mania and celebrity endorsements, Mahmudov points out that these coins have dedicated communities that can generate significant gains for early investors. He advises targeting meme cryptocurrencies with market caps between $5 million and $200 million, and avoiding microcaps. Mahmudov recommends holding promising meme coins for more than a year, driven by a genuine belief in their longevity beyond a cycle.
He claims that meme coins will outperform all other cryptocurrencies in the current cycle, emphasizing an unconventional approach where investors should rely on gut feelings rather than logic. Despite his optimism about meme coins, Mahmudov does not foresee a prolonged altcoin season like in 2021, citing the depleted savings surplus of U.S. households, reducing their propensity to invest in risky assets like altcoins.
What comes next? Will they close the monthly trade on an optimistic note?
Recently, meme coins have seen notable gains even as the price of Bitcoin remains stable. Mog Coin (MOG) and BOOK OF MEME (BOME) posted double-digit increases, while Bonk (BONK) rose nearly 8%.
Overall, BONK and BOME prices also exhibited a similar trading setup with a drop in selling pressure. Therefore, apart from major memecoins like DOGE and SHIB, PEPE and FLOKI, newly launched tokens seem to have attracted a lot of attention and as a result, could start a new bullish period very soon. Notably, Dogecoin (DOGE) and Shiba Inu (SHIB) saw modest increases of 3.1% and 1.7%, respectively.
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