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The meme coin bull run is formally beginning after heavyweights $BONK and $WIF see extraordinary value surges over the previous few days, setting the stage for an epic comeback.
Market chief $BONK is now up by 40% since its current lows because it breaks a long-term consolidation sample, whereas Dogwifhat additionally sees momentum.
Whereas the giants see promising value motion, merchants are in search of different choices that may pump subsequent within the present bull run. Specifically, consultants counsel $SMOG would be the subsequent meme coin to comply with as its reputation explodes.
Meme Cash Make a Comeback After $BONK Surges 40%
Meme cash are making a comeback as market chief $BONK sees an epic 40% surge over the previous 4 days.
$BONK was the latest addition to the meme coin sensation record after surging to a market cap excessive of $1.5 billion in December 2023, securing its place alongside the likes of Dogecoin and Shiba Inu.
By its peak, the cryptocurrency had delivered over 40x returns for its early adopters;
Since its peak, $BONK has been in a constant downtrend after buying and selling inside a descending triangle consolidation sample, with assist established at $0.00001.
The current 40% surge over the previous 4 days allowed $BONK to interrupt this consolidation, starting the reversal.
Trying forward, the primary resistance lies at $0.000015. That is adopted by resistance at $0.000017, $0.00002, $0.000025, and $0.0000285.
Dogwifhat ($WIF) Additionally Sees Epic Reversal.
It’s not simply BONK seeing an epic surge over the previous few days. Different meme cash are additionally becoming a member of the race as they see larger costs.
For instance, Dogwifhat additionally noticed an epic reversal after surging 70% over the previous 4 days.
WIF was a meme coin sensation that hit the market in January 2024 because the cryptocurrency surged to a excessive of round $0.4.
Since hitting the excessive, WIF has traded sideways till discovering assist at $0.17 this week, supplied by a .618 Fib Retracement.
It has since exploded larger to interrupt again above $0.3, reaching the present $0.33 degree;
Trying forward, resistance first lies at $0.4. That is adopted by $0.45, $0.5, $0.55, and $0.618.
What Meme Cash Are Subsequent to Pump?
Whereas BONK and WIF are actually intriguing case research within the meme coin area, one other contender able to delivering a lot larger returns is vying for merchants’ consideration.
That contender is Smog Token (SMOG), a mission sparking immense buzz within the crypto market after going multi-chain in simply 4 days.
Smog Token Continues Rising After Airdrop-Centered Meme Coin Goes Multi-Chain On Solana and Ethereum
Smog Token (SMOG) has been lighting up the meme coin area this week following its honest launch on Jupiter on February seventh.
The cryptocurrency brings a novel airdrop utility to the meme coin area that lets customers purchase and maintain SMOG to earn airdrop factors to qualify for a historic airdrop.
It additionally hosts a Zealy marketing campaign that enables customers to finish day by day quests to build up airdrop factors. The group has said that over 10,000 airdrop duties have been accomplished as individuals rush to seize their share of the incoming airdrop.
Born from the celestial forges of Jupiter itself, Smog Token selected the proper time to launch because the dragon-themed meme coin tendencies throughout the trade in the course of the Chinese language Yr of the Dragon.
Since storming onto the market, the newly rising meme coin sensation has persistently been making larger highs after surging by virtually 4,000%.
SMOG is now sitting at a formidable $60 million market cap and has been persistently trending within the prime tokens on DexTools since its launch;
The meme coin hit one other gear yesterday after launching its Ethereum bridge via Wormhole utilizing PortalBridge.com – a cross-chain interface with greater than $1 billion in complete worth locked (TVL).
The bridge permits SMOG holders to maneuver their tokens to the ETH liquidity pool to reap the benefits of its staking advantages, at the moment offering a 42% APY with a three-month staking lock.
General, with meme cash experiencing a newly fashioned bullish run, SMOG is actually subsequent in line to blow up.
The cryptocurrency exhibits the hallmarks of a extremely skilled Web3 group because it seeks to comply with the footsteps of BONK and WIF, with alternate listings apparently imminent.
These all in favour of shopping for SMOG can achieve this utilizing SOL on Jupiter or via the mission’s web site utilizing ETH.
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