Crypto industry influencer Emily Universe has recently adopted the prevailing trend by offering her top picks on digital currencies she believes could deliver significant returns in the current bull market.
Her latest analysis highlights seven altcoins she predicts could achieve gains as high as 1,000%, or tenfold. This selection, primarily comprised of meme-inspired cryptocurrencies, features Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), Boke of Meme (BOME), and Brett (BRETT).
However, it’s important to note that Emily Universe did not elaborate on the specific factors behind her optimism for these assets achieving a tenfold increase in value, nor did she specify a timeframe for her predictions to materialize. https://twitter.com/Crypto__emily/status/1776970680321351994
What Could Boost Dogecoin Price?
Every token on the list has experienced notable increases in value throughout the year. Dogecoin, in particular, has witnessed a dramatic rise of 126.3% in its price since the start of the year and is now climbing by 4.35% in the past 24 hours to reach a value of $0.20. Should Dogecoin’s price increase tenfold, as suggested by Emily, its new price would be $2.2.
Several factors could contribute to Dogecoin reaching this milestone, including the influence of Elon Musk, its status as the leading meme token, the anticipation surrounding the forthcoming DOGE day, and the current enthusiasm for meme coins.
With Dogecoin priced at $0.20, data from IntoTheBlock shows that 88% of DOGE holders are currently making a profit, 11% are experiencing losses, and a mere 1% are breaking even.
Shiba Inu Investors Are Confident About The Token’s Prospects
Since its inception in August 2020, Shiba Inu has climbed to become the meme coin with the second-largest market cap. As of this year to date, SHIB has experienced a notable increase of 176%, with its current price at $0.00002843.
According to statistics from IntoTheBlock, a significant 66% of Shiba Inu owners are currently making a profit, with another 6% breaking even, and the rest, 27%, facing losses.
IntoTheBlock’s analysis regarding the Holder Composition indicates a majority of Shiba Inu’s investors are committed to the long haul. To be precise, 75% of SHIB holders have retained their coins for more than a year, 20% have been investors for a period between 1 and 12 months, and a minor 5% have owned SHIB for less than a month.
This investment pattern implies a strong belief among the Shiba Inu community in the token’s future potential, potentially aiding in achieving the lofty goal of a 10x price increase. Such an increase would elevate Shiba Inu’s value to $0.00031273, marking a 253% rise above its highest price peak of $0.00008845 achieved in 2021.
The enduring commitment to holding SHIB, coupled with factors such as the development of Shibarium, increasing acceptance of SHIB, and the anticipated Bitcoin halving, are poised to contribute significantly to the prospect of a 10x appreciation in Shiba Inu’s value.
1000% Returns On WIF, PEPE, FLOKI, BOME, And BRETT
Similar to Dogecoin and Shiba Inu, various other cryptocurrencies such as WIF, PEPE, FLOKI, BOME, and BRETT have experienced notable increases in value recently.
WIF, ranking as the third largest meme coin, has witnessed an impressive growth of 2,478% since the year’s start, elevating its market price to $3.98. A potential tenfold increase could elevate its value to $43.78.
PEPE has also seen a significant rise, with its value escalating by 478% year-to-date, reaching $0.000007417. A further tenfold rise would enhance its market price to $0.00008158.
FLOKI’s current market value of $0.0002092 could ascend to $0.0023012 with a tenfold increase in its price. Similarly, a tenfold surge for BOME would increase its value to $0.15829 from its present rate of $0.01439.
Lastly, BRETT’s market value could climb to $0.86196 from its existing price of $0.07836, should it realize a tenfold increase as predicted by Emily.
