While the cryptocurrency market’s bull run has been heating up for months, March appears to have brought it to a boiling point.
Bitcoin ( BTC ) not only broke through an all-time high of $69,000, but also hit multiple new highs in a row, with the price at around $73,000 at press time.
Additionally, with Ethereum (ETH) targeting $5,000 years later, meme coin enthusiasts are once again looking for ways to turn hundreds of dollars into millions.
Amid the ongoing upward trend, and with growing enthusiasm for the upcoming Bitcoin halving, Finbold decided to take a look at some of the most promising coins that any savvy cryptocurrency trader might want to bet on.
Taking stock of 5 cryptocurrencies with 100-fold potential in this bull market
1.PEPE
Why has pepe risen so sharply this round? As of the time I posted this article, pepe has also successfully reached the highest level of 10640 (there are too many zeros so I won’t type it). Many people say that pepe is the leading coin in the meme sector this round, and many people also compare pepe to the previous round. Bullish Shib!
Pepe's natural Meme cultural heritage will build a strong consensus. As a cultural symbol, we know that the core of Meme is consensus. Consensus can come from multiple dimensions, and it can be a narrative-level Meme, such as WLD/Ordi, or a cultural-level Meme. , such as Doge/Shib.
The potential benefits are abundant and there are many back-up tools. We know that among Pepe’s supporters there are many top capital exchanges and market makers. This is just the power on the surface. Pepe will further attract top capital and trading institutions.
PEPE is one of my most optimistic tokens in the meme sector this round.
2.Solana
Solana withstood the FTX link crash. The massive growth in DAU, transaction volume, and TVL makes SOL the number one contender as a viable ETH alternative. Given the massive price increase and the recent cessation of new protocols, I significantly reduced my positions and shifted profits towards the SOL native protocol and ETH layer 2. To be clear, SOL still has huge potential, but I believe there are better risk/reward bets in the market. The target remains unchanged at US$650-800 .
3.Arbitrum
Arbitrum is currently trading at $2.17, on the verge of recent resistance at $2.18. The unlocking of $2.32 billion worth of ARB tokens could trigger greater volatility. This potential influx could cause short-term price volatility, but given its solid support base at $1.70, a breakout of the $2.42 resistance is feasible with continued momentum. The RSI, stochastics and 10-day moving average indicators are neutral, while the MACD and 100-day moving average indicate buying action, hinting at upside potential.
Taking long-term considerations into account, the introduction of the ARB token could improve Arbitrum’s liquidity and potentially attract more investors. This move could incentivize holders, which could lead to a gradual approach to the second resistance level at $2.42. Arbitrum's 10-day and 100-day simple moving averages suggest a "Buy" so one can focus on long-term growth.
4.BONK
Bonk (BONK) is one of the Solana network’s top meme coins that has gained popularity in recent years. Despite being a new entrant, the coin has grown so much that it becomes the 22nd most traded cryptocurrency. Looking at the year-to-date chart, Bonk’s price has surged over 6,500% and is up 174% in the past 30 days. Bonk’s potential growth was demonstrated by crypto aggregation platform Coinmarketcap, which named Bonk a winner in the 2024 Meme Coin awards category.
Bonk’s price climbed to the support at $0.00002861 and is now eyeing the next resistance at $0.00003513. The price of Bonk is expected to continue to maintain strong bullish levels in 2024 as the 100-day and 200-day moving averages show increased buyer activity.
5.SHIB
Shiba Inu (SHIB) had an unusually bullish start to 2021, rising to a new all-time high of $0.00008845. Since then, the Shiba Inu has been severely damaged by the bear market, falling sharply as investors began to sell off the token. However, the recovery of the meme coin market has boosted Shiba Inu, and the token has experienced rapid development in 2024. The popular meme coin has surged 270% in the past 30 days, reaching a market capitalization of $20B, becoming the 10th coin. The most valuable cryptocurrency in terms of market capitalization.
Key market indicators for the Shiba Inu are pointing to bullish dimensions. Meme coin trading volume has exceeded $4B in the past 24 hours, with a 58% weekly price increase taking the Shiba Inu price to $0.000003454. As Shiba Inu revolutionizes its ecosystem and partners with major market holders, the token is expected to gain greater global appeal, attracting more investors to its camp. As a result, analysts rate Shiba Inu highly and consider it to be one of the best meme coins that can deliver 100x returns this year.
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