Key Takeaways
- BOOCHIE memecoin launched on the Ethereum network could follow the steps of other memecoins if the hype is strong.
- BOOCHIE gains over 2,000 token holders as hype intensifies following backing from Matt Furie’s long memecoin ties.
- Based on hype and its growing community, BOOCHIE is speculated to hit at least a $10 million market cap.
BOOCHIE is the newest memecoin on the Ethereum network, making a buzz following its rally to a market capitalization of $3 million. This new memecoin is gaining much traction due to its cultural ties with the creator of PEPE, the frog Matt Furie.
Following the launch of PEPE, the memecoin token has rallied beyond the imagination of many crypto traders and investors, challenging other OG memecoins such as DOGE and SHIB, which have built a strong community before its creation. Still, the emergence of PEPE brought fresh narratives from dogs to frogs and gained many audiences.
Similar to the entrance of PEPE, BOOCHIE, created by Matt Furie, is expected to challenge other memecoins after successfully launching on the Ethereum network and the BASE blockchain.
BOOCHIE has had quite a rally in the last couple of hours since it was launched, with over 2,000 holders of this memecoin and trading above $3 million marketcap, as crypto experts and analysts are expecting at least $10 million market capitalization when greed and FOMO for this memecoin set in.
According to WhaleInsider, an on-chain blockchain platform that tracks trending narratives and insider news on the crypto space, has identified strong buy orders and volume for the BOOCHIE token in the last few hours. If such FOMO continues, we could see some strong price action for BOOCHIE in the coming days.
PEPE vs BOOCHIE – Which Will Be a Better Performer
Source – BOOCHIE On-chain Data From DexScreener
Memecoin has captured many hearts in the last few months due to its virality and potential to pull multiple Xs. Although these tokens are inspired by internet memes, humor, and culture, lacking a real use case or technological importance, they are driven purely by market sentiment, and community hypes has become a new narrative for quick gains by many.
BOOCHIE, the new memecoin, falls under this category as its viral nature is based on its ties with Matt Furie, a prominent figure in the crypto community. This memecoin is based on Matt Furie’s comic books featured on his X platform, as many traders and investors believe BOOCHIE has the potential like PEPE the frog.
The likes of PEPE have pulled numbers and traded on famous exchanges like Binance, Coinbase, and Bybit, hitting thousands of profits. Crypto experts and traders expect a similar price rally for BOOCHIE, which is trying to make a mark for itself as a newly launched memecoin.
Investing in BOOCHIE carries significant risk, but its price action in the last few hours suggests how viral the memecoin has become, ranking as the second most trending token on DexScreener, as the price has the potential to rally beyond expectation and could suffer a significant crash or rugpull.
