The meme coin market continued to post gains for the second day in a row this week. At the moment, the collective value of all tokens is at $79.9 billion, marking a 7.5% rise over the last 23 hours.
BeInCrypto has analysed three meme coins out of the hundreds for investors to watch in the coming days.
Floki (FLOKI)
- Launch Date – March 2022
- Total Circulating Supply – 9.66 Trillion FLOKI
- Maximum Supply – 10 Trillion FLOKI
- Fully Diluted Valuation (FDV) – $1.31 Billion
- Contract Address – 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e
FLOKI’s price surged by 30% in the last 24 hours, reaching $0.000131 and marking a 5-month high. This impressive rise positions the meme coin for further bullish momentum. The continued rally could lead to fresh growth opportunities for investors.
As FLOKI rises, its technical indicators also shift. The 50-day EMA is edging upwards, possibly signaling a Golden Cross with the 200-day EMA. This crossover would indicate further bullish potential, pushing FLOKI toward $0.000148 in the near future, signaling an extended upward trend for the coin.
However, the bullish outlook faces risks. If selling pressure intensifies, FLOKI could experience a reversal.
A drop below the $0.000114 support level would likely lead to further declines, possibly pushing FLOKI down to $0.000100, which would invalidate the current positive thesis for the coin.
Fartcoin (FARTCOIN)
- Launch Date – November 2024
- Total Circulating Supply – 999.98 Million FARTCOIN
- Maximum Supply – 1 Billion FARTCOIN
- Fully Diluted Valuation (FDV) – $1.47 Billion
- Contract Address – 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
FARTCOIN has been recovering from June’s losses, showing a strong 20% rise in the last 24 hours. Currently trading at $1.47, the meme coin is nearing the completion of its recovery, positioning itself for potential growth as it approaches resistance levels and prepares to continue its upward trajectory.
Facing resistance at $1.54, FARTCOIN is attempting to break past this level, which would fully recover all of June’s losses. If it succeeds, the meme coin could push towards $1.75, signaling a potential bullish rally. Positive momentum could help FARTCOIN establish a new high soon.
However, if FARTCOIN experiences selling pressure from holders, the price may drop below $1.43. Such a reversal could send the coin down to $1.20, invalidating the current bullish outlook. Investors should remain cautious of the potential for a price correction.
BOOK OF MEME (BOME)
- Launch Date – March 2024
- Total Circulating Supply – 68.99 Billion BOME
- Maximum Supply – 68.99 Billion BOME
- Fully Diluted Valuation (FDV) – $159.16 Million
- Contract Address – ukHH6c7mMyiWCf1b9pnWe25TSpkDDt3H5pQZgZ74J82
BOME emerged as a surprise performer in the meme coin sector, rising by 24% in the last 24 hours. Currently trading at $0.0023, the altcoin has gained significant attention, positioning itself as a potential long-term contender in the meme coin space alongside more established coins like FLOKI.
The Parabolic SAR, situated below the candlesticks, indicates a bullish trend for BOME. If the price holds at $0.0023 as support, the coin could rise towards $0.0026, signaling further potential gains. This positive momentum may lead to new highs if market conditions remain favorable.
However, if BOME fails to maintain $0.0023 as support, it risks a downturn. The price could drop to $0.0018, erasing recent gains. This potential decline could invalidate the bullish outlook, and investors should stay cautious as volatility remains a concern in the meme coin market.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
