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SPX6900 and Book of Meme are both in extremely high demand, each with its own pros and cons. However, the BOME coin appears to be a safer bet for the next meme coin supercycle, especially considering it is a Binance meme coin.
Meme coin prices continue to dominate the headlines this bull season, resulting in quite a buzz regarding a potential “meme coin supercycle”.
Lately, two mid-caps – SPX6900 and BOME – are in the spotlight, with both poised to join the $1 billion club. Both meme tokens have caused significant hype and FOMO with their explosive upside moves thus far.
However, sidelined investors are wondering which is the best meme coin to buy for the upcoming supercycle.
A few prominent smart money investors even prefer microcap tokens like Pepe Unchained and Crypto All-Stars, especially those hunting for 100x returns.
SPX6900 Bull Thesis: How High Can It Go?
SPX6900 was launched as a pretend competitor to the S&P 500, with a hilarious – albeit unrealistic – goal of amassing a $69 trillion market capitalization.
This meme coin has emerged as one of the favourites of prominent crypto influencers like Murad (@MustStopMurad). While shilling the coin to notable crypto investor Arthur Hayes, Murad claimed that SPX6900 could potentially reach a market cap north of $100 billion.
Arthur, as one of the greatest DeFi investors in Crypto History, I believe you will have an appreciation for the Unique and one-of-a-kind Memetic Movement that is #SPX6900
Recommend taking a deep dive into the Lore and the Culture
$100B+ is not crazy IMO pic.twitter.com/hAX7YOxhFh
— Murad 💹🧲 (@MustStopMurad) October 13, 2024
While Murad’s target for the meme coin is extremely lofty, a growing number of experts anticipate it could peak at a valuation between $6 billion and $7 billion.
If these projections pan out, SPX6900 could still offer up to 10x returns in the meme coin supercycle.
Book of Meme Bull Thesis: Could It Compete with Other Solana Meme Coins?
The BOME coin took a backseat to other Solana meme coins like Dogwifhat and Popcat. However, it has now secured a breakout from a multi-month downtrend.
Book of Meme printed a 30% green candle on Monday and reclaimed the $0.01 level. Prominent crypto trader Bluntz (@Bluntz_Capital) is backing it as one of the best meme coins to buy for the upcoming supercycle, projecting it to surge to $0.03 in the coming weeks.
wholeheartedly agree, nobody talking about it and the chart currently breaking out in a big way.
so much higher imo.$BOME https://t.co/4Qrn4p2GwM pic.twitter.com/iXnRcNvsrl
— Bluntz (@Bluntz_Capital) October 14, 2024
Notably, BOME is one of the few meme coins listed on Binance’s spot market, separating it from run-of-the-mill projects.
Which Is the Best Meme Coin to Buy?
SPX6900 and Book of Meme are both in extremely high demand, each with its own pros and cons. However, the BOME coin appears to be a safer bet for the next meme coin supercycle, especially considering it is a Binance meme coin.
Furthermore, SPX6900 is heavily backed by prominent crypto influencers and could be at risk of steep pump-and-dump price action. For instance, crypto analyst ZachXBT reveals that Murad has 30 million SPX coins in a public wallet.
If Murad ever decided to take profits on even a small portion of his holdings, it could result in panic selling, leading to a sharp correction in the SPX6900 price. However, smart money investors are hunting for meme coins with even lower market capitalization.
For instance, Pepe Unchained (PEPU) is a microcap project that is in high demand, having already raised nearly $20 million in its presale.
Another massive milestone hit!
Builders ready? We've got something exciting coming!😉 pic.twitter.com/yD516Iys3G
— Pepe Unchained (@pepe_unchained) October 14, 2024
With a native Layer-2 ecosystem, staking protocol and sound tokenomics, it is no surprise that PEPU is seeing heavy whale investments during its ICO. Considering that the PEPU presale is now in its final stages, this new meme coin launch in the midst of the meme coin supercyle.
There is a reason why prominent crypto investors are calling it one of the best meme coins to buy now, expecting outsized returns from it after its launch.
Meanwhile, Crypto All-Stars (STARS), another new meme coin, is also seeing substantial interest from crypto whales and has already raised nearly $2.3 million in its ICO.
Thanks to its multi-chain staking protocol MemeVault, STARS is creating a buzz in existing meme coin communities, which bodes well for its upside potential. Investors can stake up to 11 meme tokens in MemeVault – including top projects like Dogecoin, Shiba Inu and Pepe – and earn attractive passive income.
Considering that Crypto All-Stars is a smallcap token, a few investors are eyeing up to 100x returns from it.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.