It’s been an enthralling week for Book of Meme holders, with the project up 20% and spearheading the ongoing meme coin rally.
But with momentum ramping up, can BOME hit $0.1 in 2024?
Big Potential on the Horizon For BOME, But $0.1 Is a Long-Term Target
There’s no denying that Book of Meme has huge potential, but holders might have to wait to cash out at $0.1.
It is currently priced at $0.01012, which means it would need to do almost a 10x to hit the $0.1 mark.
While not impossible, it would translate to a $6.9 billion market cap.
That would make it the third-largest meme coin in today’s climate.
Book of Meme was created by Darkfarms, a synonymous but acclaimed figure known for his digital Pepe the Frog artwork.
The founder’s entrenchment in meme culture is a huge upper hand over other meme coins.
As such, it certainly has the potential to hit a $6.9 billion market cap. But it will most likely occur over a longer time scale.
This is something that Darkfarms highlighted in a tweet in March.
He noted a long-term timeline for Book of Meme’s development, suggesting a short-term outlook is four-years, and “the right time horizon is forever.”
Nevertheless, BOME has the potential to make significant returns in the shorter term.
For instance, Cryptoknight speculates the project could push toward $0.036 in the coming weeks.
This would provide over 3x returns from its current price and put its market cap at $2.4 billion.
Based on that market cap, BOME would be the fourth-largest meme coin, behind Dogecoin, Shiba Inu, and Pepe.
Meanwhile, analyst Crypto 4Light published a BOME price prediction on YouTube, suggesting it could begin a parabolic run to a new all-time high (ATH).
Crypto 4Light initially published the prediction in April, predicting a selloff followed by a bullish reversal later in the summer.
So far, the prediction has proven accurate, and the analyst anticipates a move toward $0.5 will follow.
While the $0.1 price tag may be a tall order, there’s a bright future for Book of Meme.
Its founder’s links to the Pepe meme have provided a massive boon for the project and could enable continued success.
But Book of Meme is not the only Pepe-related token gaining pace recently.
A new presale called Pepe Unchained emerged and raised over $1 million in its opening week.
Pepe Unchained Raises $1M – Can it Explode Like BOME?
Before its explosive exchange listing, Book of Meme underwent a presale and raised $2 million.
Pepe Unchained is quickly catching up to that figure, with over $1.1 million in the bank so far. But Pepe Unchained is not your average Pepe imitation.
It’s the first token in the Pepe bloodline to have its own Ethereum layer 2 blockchain. Layer 2 makes on-chain transacting faster and cheaper than on the Ethereum main net.
Think of them as an expressway for on-chain activity. Pepe Unchained’s L2 is 100x faster and much faster than transacting on Ethereum.
There’s also a bridge that connects the two blockchains so users can effortlessly move their crypto back and forth.
And Pepe Unchained’s first call of order is housing meme coins.
This is a big deal for the sector, which has not had a dedicated L2 until now. The possibilities are endless for where this could end up.
Bringing these factors together, investing in $PEPU is a no-brainer for meme coin enthusiasts.
However, potential buyers should not wait around. They can scoop $PEPU tokens up for $0.081288, but this price will rise throughout the presale.
The next price hike will take place in one day.
