The meme coin market is heating up again, and three projects are leading the charge.
Pepe, Book of Meme, and Dogeverse have all been pumping in the past 24 hours – causing crypto investors to speculate that we might be on the verge of another meme coin bull run.
PEPE Leads Meme Coin Charge with 8% Pump
Let’s start with Pepe (PEPE) – the world’s third-largest meme coin by market cap.
This frog-themed token has been flexing in the last day and is up over 8% from yesterday’s lows.
The gains were even higher at one point, with PEPE surging 11% before pulling back slightly in the past hour or so.
But make no mistake, this rally has been impressive enough to completely retrace the losses made on Tuesday and early Wednesday.
PEPE’s technicals are looking bullish, too.
The token seems to be creating a higher low on the daily timeframe, a pattern that could spell more upside if it holds.
PEPE’s spot volumes are backing up these technicals, surging 24% to hit $762 million – enough to make it the 14th most traded crypto in the world.
If this momentum can be sustained, PEPE’s next target could be a retest of the recent highs around $0.0000091.
A breakout above that level could signal a charge back to all-time highs.
Book of Meme Also Rises & Passes 100-Day EMA
Alongside PEPE, another meme coin is performing well – Book of Meme (BOME).
BOME is up a solid 4% since yesterday, though it was up 7% at one point.
Like its counterpart, BOME has carved out a higher low on the daily chart, a bullish technical development that could lead to more upside.
The token has also cut through the 100-day exponential moving average (EMA) on the 4-hour timeframe – another positive signal.
Interestingly, spot volumes for BOME are down 39% despite the price pump.
Whether that results from profit-taking or simply a lack of sustained buying pressure remains to be seen.
For now, the key level that BOME holders are watching is $0.120.
This level has repeatedly held the token down in the past few weeks during multiple breakout attempts.
A clean breach could finally help BOME break out and head to the highs around $0.018.
So, while the price action may not be as aggressive as PEPE’s, Book of Meme’s moves have positioned it as another meme coin to watch in the coming days.
All Eyes on Dogeverse as Presale Raises $13M & Enters Final Stage
In addition to PEPE and BOME, Dogeverse (DOGEVERSE) is also involved in the meme coin rally.
This multi-chain token is attracting enormous attention as it enters the final stage of its presale.
Over $13 million in funding has been raised from investors looking to get in early before DOGEVERSE is listed on a decentralized exchange (DEX).
And for those last-minute investors, there’s a narrow window where DOGEVERSE is available at the price of $0.00031.
While no official DEX has been announced yet, whispers on crypto Twitter suggest Uniswap could be the venue, given that Dogeverse’s presale is hosted on Ethereum.
Beyond the presale buzz, Dogeverse is a cross-chain meme coin project with a fully-fledged staking protocol.
Using this protocol, DOGEVERSE holders can obtain yields of 70% per year – according to the official website.
Coinsult has even audited the token, ensuring that the “meme” factor doesn’t overshadow its technical foundation.
While it may not be as large as PEPE or BOME, Dogeverse has the community, the utility, and the potential for a successful launch once its presale ends.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
The post Meme Coin Watch: Pepe, Book of Meme, Dogeverse Bullish appeared first on CryptoPotato.
