- CoinCodex predicts that BONK may surge 200% in October
- PEPE is an important and popular meme coin launched on Ethereum.
- CoinCodex predicts that the price of WIF may hit the $7 price mark by October
In the crypto market, profit is chief and every trader, experienced or newbie, wants to make some money. Now, the market is bullish and smart traders might be smiling.
Bitcoin has pulled through the $65,000 resistance on September 26 and has not set eyes on $70,000. At the time of writing, Bitcoin traded at $66,071, with a 24-hour trading volume of $35.69 billion and a market cap of $1.3 trillion, according to Coinmarketcap data.
Generally, the crypto market has been performing well in the past few days. At the time of writing, the global crypto market cap was $2.32 trillion, a 1.40% increase over the last day. The total crypto market volume over the last 24 hours was $85.69 billion, up by 6.64%.
Meme coins are not performing badly either. At the time of writing, DOGE was trading at $0.1273, up 20.92% in the past 7 days and up 7.76% in the past 24 hours. SHIB was also doing well: the coin was up 48.95% in the past 7 days and was trading for $0.00002 at the time of writing.
Meme coins to make money from in the new month
As September winds down and October comes in, there are some meme coins that should catch the attention of crypto enthusiasts who want to maximise profit in the new month.
1. PEPE
PEPE is an important and popular meme coin. It was launched on Ethereum. The coin was created in honour of Matt Furie's Pepe the Frog internet meme, which became well-known in the early 2000s.
The project wants to become one of the leading meme-based cryptocurrencies by taking advantage of the appeal of meme coins such as Dogecoin and Shiba Inu. By implementing a no-tax policy and being transparent about its lack of utility, PEPE appeals to the cryptocurrency community by maintaining its memecoin simplicity.
CoinCodex predicts that the price of Pepe will likely increase by about 200% in October to reach $0.00003602.
PEPE prediction. Source: CoinCodex
At the time of writing, Pepe was trading at $0.00001079, up 12.32% in the past day, up 33.08% in the past 7 days and up 42.30% in the past month. According to Coinmarketcap data, the coin’s trading volume in the past 24 hours reached $1.28 billion and the market cap hovered around $4.54 billion.
“According to our current Pepe Coin price prediction, the price of Pepe Coin is predicted to rise by 226.35% and reach $ 0.00003507 by October 27, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 61 (Greed). Pepe Coin recorded 18/30 (60%) green days with 6.51% price volatility over the last 30 days. Based on the Pepe Coin forecast, it's now a good time to buy Pepe Coin”, CoinCodex wrote.
2. BONK
BONK is a Solana-based meme coin. It is the first dog-themed coin on Solana which has taken the crypto market by surprise. BONK is popularly seen as the coin "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community.
Launched on December 25, 2022, BONK is comparable to the memecoins Shiba Inu (SHIB) and Dogecoin (DOGE). It caused a 34% increase in the price of the SOL token in just 48 hours. On December 30, 2022, trading got underway, sparking sincere interest from the cryptocurrency community. Restoring liquidity to Solana-based decentralised exchanges (DEXs) is the team's primary objective.
BONK prediction. Source: CoinCodex
CoinCodex predicts that BONK may surge 200% in October and reach an all-time high of $ 0.00006843.
At press time, BONK was trading at $0.000024, up 16.97% in the past day with a trading volume of $398.23 million and a market cap of $1.67 billion.
3. DogWifHat (WIF)
WIF is literally a dog with a hat. Its a meme coin operating on the Solana blockchain. WIF is promising and has consistently been rallying.
CoinCodex predicts that WIF may hit the $7 price mark by October.
CoinCodex prediction. Source: CoinCodex
“Dogwifhat is predicted to rise by 227.47% and reach $ 7.66 by October 27, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 61 (Greed). Dogwifhat recorded 17/30 (57%) green days with 9.92% price volatility over the last 30 days”, CoinCodex predicted.
At press time, WIF was trading at $2.33, up 2.61% in the past day and up 31.14% in the past 7 days.
What DeFi is and how you can make money with DeFi staking
Meanwhile, TheRadar earlier reported that in the crypto world, there are a lot of jargons. Some of these jargons are popular in crypto circles but not for the everyday reader who runs into random crypto articles on the internet.
One of those popular jargons is DeFi. In this article, we will explain what DeFi means. That's not all. We will also explain what DeFi staking is and how you can make money from DeFi staking.
