Meme Coins to Watch: BONK, BOME, and MOG Lead the Bull Run
As the broader market prepares for a Bitcoin bounceback, meme coins emerge as torchbearers of a potential bull run. Smart investors are closely monitoring trend reversals and new coin launches.
Financial analyst Murad Mahmudov believes meme coins will outperform others in this cycle due to dedicated communities driven by social media hype and celebrity endorsements. He suggests targeting coins with market caps between $5 million and $200 million.
Mahmudov advises holding promising meme coins for over a year, emphasizing their potential for longevity beyond a single market cycle. He encourages investors to rely on intuition rather than logic in this unconventional approach.
While bullish on meme coins, Mahmudov predicts a limited altcoin season this year, citing reduced investment appetite amid depleted excess savings.
Recent Meme Coin Performance
BONK (BONK), BOME (BOOK OF MEME), and Mog Coin (MOG) have shown significant gains, with BONK surging nearly 8%. Notably, BONK and BOME have displayed a similar trade setup with declining selling pressure.
Despite modest gains in top memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), newly launched coins such as PEPE and FLOKI are attracting attention and could potentially lead a fresh bullish phase.