BOME, PEPE, WIF: Are These Cryptos the Next Shiba Inu and Dogecoin? Investment Analysis

• WIF, BOME, and PEPE have been tipped to lead the next generation of meme coins to unexpected heights. 

• WIF has been tipped to get back into the $3 mark after pulling back to $2.3. 

With the continuous evolution of the crypto market, a new wave of meme coins are emerging with Book of Meme (BOME), DogWifHat (WIF), and PEPE appearing as formidable contenders. Interestingly, their popularity and interest among the crypto community position them as top challengers of the long-reigning favorites – Dogecoin and Shiba Inu.

Having taken note of these emerging meme coins, whales have doubled down their activities as they “flood” exchanges with their transfers. 

Book of Meme (BOME)

BOME’s uniqueness lies in its 50 billion circulating supply that could easily line it up to hit $1. In the last 90 days, this meme coin has surged by 1,468% to trade at $0.01424. According to reports, BOME is currently in a recovery phase, bouncing from a crucial Fibonacci retracement to testing a bull run. Following a previous impressive run, BOME took a significant pullback from its $0.02805 all-time high. 

Analysts have observed that this asset is crossing the halfway retracement level, a run that could take it to $0.30. Also, a surge in buying pressure is reportedly positioning it to challenge its 38.20% Fib level. This uptrend would enable BOME to reclaim the physiological level of $0.015. Interestingly, the sudden surge in trading volume is reportedly in support of the ongoing rally. 

WIF and PEPE Could Take the Lead

BOME is currently trailing WIF, one of the fastest-rising meme coins. As of press time, WIF was the fourth largest meme coin with a market cap of $2.3 billion, just behind Dogecoin, Shiba Inu, and PEPE.

Last month, it surged by almost 700% before it got trapped in the broad market “bloodbath.” On March 18, WIF became the third-largest meme coin after surpassing PEPE, however, this feat was short-lived. Within the moment, WIF briefly hit $3 before declining to the current value of $2.3. According to CoinCodex, WIF would hit $3.38 before the end of March 2024. 

Based on these Dogwifhat projections, WIF will be changing hands at $3.38 on March 26, 2024, gaining 47.59% in the process.

It is important to note that the current level was rightly predicted by an analyst identified as Bluntz and reported by Crypto News Flash. At that time, WIF was trading at $0.361886. Bluntz has always been a big fan of the Elliott Wave theory which mostly focuses on recurrent long-term price patterns. As reported, Bluntz noticed that WIF was on the second wave of the five-wave pattern, and also predicted that the asset could surge by 270% to hit $1. It is important to note that the meme coin surged by 323% from $0.0759 on January 8 to $0.361886 on January 26. After that incredible surge, WIF has never looked back. 

One of the most talked-about meme coins is PEPE. In the last 30 days, PEPE has surged by 540%, recording $0.00001074 within the period. However, the asset took a sudden nosedive to fall to the current price of $0.00000758. Interestingly, it is expected to reach its all-time high in the next bull cycle. This potential move could be fueled by the impact of Bitcoin halving.