A prominent figure in the cryptocurrency market has identified a significant trend shift in an overlooked meme token. As reported to his 283,700 followers on social media platform X, the Book of Meme (BOME) is showing bullish signals after breaking significantly out of its accumulation range.
Expected Surge in BOME
Analyst Bluntz noted that BOME has exhibited a strong breakout on daily charts, indicating that this upward momentum is likely to continue. Based on the chart analysis, BOME is anticipated to rise over 220% from its current level, potentially reaching $0.03. Given its current value of $0.00932, this prediction signifies considerable potential for growth.
Bluntz’s Portfolio
Bluntz highlighted that the memecoins in his portfolio are also drawing attention. He mentioned avoiding diversification by focusing on just about ten options. Among the coins currently in his portfolio are WIF, BOME, SILLY, SLERF, PENG, and CAT.
Other Potential Coins
Bluntz also emphasized another meme token called Cat in a Dog’s World (MEW). He mentioned that MEW has surpassed a significant vertical resistance on its daily chart and is showing strong performance. The current value of MEW is $0.0084, and positive signals are also observed for this token.
“BOME appears to be making a monstrous breakout daily. I’m discussing a coin with a market cap of $700 million, so I won’t be criticized.” – Bluntz
“A significant daily downtrend break occurred on MEW. In my opinion, this is quite important.” – Bluntz
Investment Strategy
Bluntz stated that his investment strategy is shaped by charts and favors fast-moving coins. He closely monitors the performance of each coin in his portfolio, focusing on the best performers.
The growing interest in memecoins within the cryptocurrency market bolsters the hopes of participants to gain profits from such tokens. However, as with any investment, there are risks associated with memecoins. It is crucial for participants to conduct their own analyses and carefully monitor market trends.
