These Next-Gen Meme Coins Offer Massive 2X Potential

The post These Next-Gen Meme Coins Offer Massive 2X Potential appeared first on Coinpedia Fintech News

The crypto market witnessed a sudden bearish reversal, with the Bitcoin price slipping 2.29% in the early Asian hours. Ethereum, major altcoins and meme coins are marked red after the crash in BTC. The majority expects the upcoming FOMC meeting to be the potential FUD catalyst. 

Amidst the downfall, certain meme coins have been making waves and have made massive gains over the past couple of days. Will these coins sustain the bull run in the coming days even after the FOMC meet?

Let’s take a closer look at the price charts of these high-potential coins to answer this question. 

Will The BYTE Token Reach The 50% Fib Level?

With a bullish revival over the last 48 hours, the BYTE token price is up by 155%. The bull run creates three consecutive green candles, undermining the pullback phase in May. 

Tradingview

As per the Fibonacci levels, the meme coin surpasses the 23.60% level and teases an uptrend continuation. Further, the 750% jump in the trading volume bolsters the revival.

As the BYTE market cap reaches the $20 Million mark, the underlying demand is expected to increase. If the momentum is sustained, then the meme coin can reach the $0.00003422 mark, which aligns with the 50% Fibonacci level. 

Is Roxy Frog The Next Big Meme Coin?

With a market cap of $1.19 Million, the Roxy Frog positions itself as an undervalued, soon-to-shine meme coin. With a massive surge in the last few weeks, the ROXY token shows huge moves and impressive upside potential. 

Coinmarketcap

Further, with an 83% jump yesterday, the ROXY token shows a 16% pullback and trades at $0.00014. As it sustains dominance above the psychological mark of $0.00010 mark, the 260% rise in trading volume bolsters the uptrend. 

With a new all-time high possibility, the ROXY price could surge to the $0.00020 mark.