COME is currently ranked third in terms of holder count compared to other new meme tokens that were just launched in the past month.
It currently trails behind TOM and MANEKI, the two biggest meme tokens that were just launched in the last couple of days.
Traders are speculating that TOM, MANEKI, and COME have good potential for the long run, with COME especially predicted to rise about 100x this year.
What is COME?
COME is a new meme token that was just launched on April 17th, 2024, and it immediately surged in a short time.
The token was created not on the Solana Blockchain, but in the Bitcoin Blockchain through the Core DAO, a new ecosystem in the crypto space.
It has the goal to be similar to what Bored Ape Yacht Club was on the Ethereum Blockchain, however, it does not use an NFT Collection, but rather it uses the COME token as a part of its community membership.
The project seems a bit more serious than other ones, as the official site has a swap feature for people to buy COME directly from the website with a decentralized wallet.
The main goal of the token itself was to give CORE, the governance coin of the Core DAO, more utility as it currently lacks volume from only being a DAO on the Bitcoin Blockchain.
New traders on the CORE ecosystem are encouraged to trade CORE to COME as most of the volume for this token comes from CORE transactions.
There are no plans yet for product development on this project, however, it plans to stay for a long time in the crypto market as seen by its community.
Will it Go Up by 100x This Year?
Traders are predicting that the token will go up by 100x this year, which is not a bad target considering that the team is here to stay and the hype around Bitcoin’s meme sector is still high.
Looking at its previous price movement, COME has gone up almost 4,000x, which is rare for a meme token to go up by that much in just two days.
The price surge was supported by the popularity of the Bitcoin Blockchain and Runes trending on the blockchain as this token is a Runes-based meme token.
Currently, the price is showing another potential price gain, with its daily chart showing a new uptrend since yesterday.
Traders are predicting that this token can go up by 100x again, but not as fast as before. The 100x target is also considered to be a realistic target as the token has shown that it can go up by 4,000x in two days.
COME’s Chart / Source: Dexscreener
However, looking at most meme tokens, when a token has gone up significantly, then the chance of it repeating the same movement is slim.
But, this does not mean that the token cannot go up again, as the price of the token can still go up, but, not as much as the previous surge.
The price target of 100x is arguably fair, considering it is far less than the previous price movement of this token.
Note that this prediction is merely a prediction taken from traders in the community as the reality might not be what was predicted.
It is good to remember that meme tokens are volatile which is why with a 100x price gain potential, it can also go down to zero.
Investor Caution
While the meme hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.
Read Also:
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