The cryptocurrency market has delivered several coins that have soared extremely high quickly, generating millions in profits. The market has rewarded investors who took early entry positions, from meme coins to altcoins and other obscure tokens.
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Analyst Predicts Huge Breakout for BOME Meme Coin
A pseudonymous cryptocurrency analyst Bluntz took to X highlighting the new meme coin BOME. He shared a chart with his 283,700 followers on the social media platform indicating that the meme coin could be the next big thing.
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Bluntz’s Analysis of BOME’s Breakout Potential
“BOME daily looking like a MONSTER breakout now. Surely I won’t cop heat for talking about a $700 million market cap coin,” he tweeted. Based on the chart, the analyst suggests that the cryptocurrency could surge by nearly 220% next. The price target for BOME is at $0.03, indicating that it could delete a zero in the charts soon.
The analyst explains that BOME could triple investors’ money in the short term as it’s geared up for a bull run. An investment of $1,000 today could turn into $3,200 if the price prediction of a 220% surge turns out to be accurate.
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BOME Meme Coin Comes on the Radar in the Cryptocurrency Market
Source: Coinpedia
Investors are on the lookout for the next big cryptocurrency that can deliver profits similar to those of other meme coins during their inception. Dogecoin, Shiba Inu, Pepe, and BONK, among other tokens, have generated massive profits. However, after the profit-making period ends, the meme coins have slumped, with no recovery in sight.
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BOME could be that cryptocurrency that could rally and with the right timing, investors could reap the profits. The meme coin was launched in March 2024 for $0.001. However, it quickly reached an all-time high of $0.02689 but dipped in the charts. It is now down 67% from its ATH but shot up nearly 47% in the last 30 days.
