October’s Crypto Bull Run: 5 Memecoins With 100x Return Potential
24 Septiembre 2024 - 1:30AM
NEWSBTC
As the broader crypto market shows signs of notable recovery,
memecoins are experiencing significant gains, reflecting investors’
renewed appetite for quick and substantial returns after a period
of volatility and price declines. Move From Bitcoin To
Memecoins In Upcoming Crypto Bull Run? Crypto analyst Ardizor has
outlined five memecoins to watch, anticipating that these assets
could yield substantial returns as what he describes as the
“biggest bull run” in crypto is set to commence in October. Related
Reading: Bitcoin To Outshine Gold By 400% By 2025, Veteran Analyst
Predicts According to Ardizor, Bitcoin (BTC) cycles typically begin
170 days after its Halving event and reach their peak approximately
310 days later. He suggests that starting in October, these
memecoins and the broader market are positioned for significant
gains that could surpass previous record highs. Ardizor emphasizes
that new bull runs often begin with liquidity flowing to
established cryptocurrencies like Bitcoin and Ethereum (ETH) before
shifting toward memecoins, setting the stage for a potential
resurgence in the sector. Five Tokens Poised For Major Gains Among
the memecoins Ardizor highlights are Sundog (SUNDOG), which has
rapidly gained traction within the Tron network. He notes that
Sundog is rooted in community engagement, aiming to unite
enthusiasts and create “an inclusive ecosystem that offers various
benefits for its holders.” Currently trading at $0.31, up
nearly 6% in the 24-hour time frame, and with a market cap of
approximately $287.7 million, Sundog stands out as one of the most
promising new entries in the memecoin landscape, according to the
analyst. Another notable mention is Simon’s Cat (CAT), which has
emerged as the largest and most recognized meme coin on the Binance
Smart Chain (BNB). Ardizor points to its consistent price increase,
noting that Simon’s Cat is backed by the well-known Simon’s Cat
brand, which has garnered over 1.6 billion views on its YouTube
channel. The memecoin has a market cap of around $280.6
million and is trading at $0.000040, up a substantial 96% in the
last month alone, proving the analyst’s theory of further price
gains and investor interest in the token. The analyst also
discusses Cate on ETH (CATE), a memecoin that originated from the
Dogeverse and was inspired by a tweet from the Own the Doge social
media account. With strong ties to Dogecoin (DOGE), Ardizor
believes that CATE embodies a “spirit of adventure and innovation”,
making it an attractive option for investors looking for the next
big thing in memecoins. It currently has a market cap of around
$16.2 million. Related Reading: Analyst Predicts 8,500% Rally For
Cardano To Reach $31 As Indicators Turn Bullish In addition, Neiro
(NEIRO) is highlighted as a continuation of the Doge legacy.
Associated with Kabosu, the dog behind the iconic Doge meme,
Ardizor contended that Neiro captures the “true essence of
memecoins and internet culture.” NEIRO currently has a market
capitalization of $341 million, with a notable 52% increase in the
last 24 hours, resulting in a trading price of $0.0012, and over
2,325% in the last thirty days alone, making it the best performing
token on Ardizor’s list. Finally, Ardizor introduces the Turbo
token (TURBO), a project that began as a bold experiment in
cryptocurrency creation. Inspired by artificial intelligence (AI),
Turbo was initiated with a simple challenge to create the next
great memecoin starting with just $69. Today, the analyst
notes that it thrives as a decentralized, community-led initiative,
boasting a market cap of $387 million. Currently, TURBO trades at
$0.0062, recording impressive gains of 8,980% year-to-date
(YTD). Featured image from DALL-E, chart from
TradingView.com
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