The post Meme coins breaking out again as Bitcoin passes $100,000 appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin breaks $100K, signaling a bull market; meme coins Simon’s Cat, Catslap, and Goatseus Maximus show breakout potential. Bitcoin has confirmed the bull market is back, breaking out past $100K for the first time ever.  And after a brief dip last week, new emerging meme coins have started to break out, with top analysts suggesting that huge gains could be on the horizon. Three of those showing the most strength today are Simon’s Cat, Catslap, and Goatseus Maximus. Simon’s Cat approaches falling wedge breakout After two weeks of retracement, Simon’s Cat is on the verge of an explosive breakout. Prominent crypto trader Bluntz was among those to catch the recent move, writing that it is “on the verge of being so back” as its price storms into a key resistance level. CAT has been forming a falling wedge chart pattern, which often results in a strong break to the upside. Bluntz did not provide a target for how far he thinks Simon’s Cat could go, although his tweet alludes to the fact that an uptrend continuation will ensue. CAT is up 78% this month and 255% since CoinMarketCap began tracking its price data in August. It holds a $317 million market cap and a $113 million 24-hour trading volume. Bluntz isn’t the only one who thinks Simon’s Cat will keep running. Unipcs, aka “The Bonk Guy,” dubbed Simon’s Cat as his favorite meme coin pick. The analyst noted that Simon’s Cat is a BNB-native meme coin, and the fact that the BNB coin has just flipped SOL adds to the project’s bullish outlook. “I won’t rule out CAT pulling a monster rally soon off the back of the BNB…

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Filed under: News - @ December 6, 2024 5:24 pm