--News Direct--
Popular YouTuber Ben Armstrong began endorsing the new meme coin project “BEN” in early May. However, Armstrong has recently sold his BEN holdings after vowing to lock them for six months. This caused panic in the BEN community, with the price collapsing significantly.
Is this just a bump in the road for BEN, or is it destined to lose all its value? We look at BEN’s prospects and why traders are backing two other new meme coins - $COPIUM and AiDodge.
BEN Price Analysis
Following Armstrong’s initial endorsement, BEN climbed to $0.0000001885 on May 9 2023. Quickly, the coin began to get noticed, and Armstrong and other stakeholders in the project were making large claims for the project's future.
Armstrong, also known as Bitboy Crypto, initially tweeted that the token would be used to participate in the Bitboy DAO.
The next day, the BEN creator, Ben.eth tweeted that BEN will be more than a meme coin and that it is his and Bitboy’s life's work. However, May 9 also signalled the all-time high (ATH) for BEN. The top was followed by a short dip and dead cat bounce before a dramatic collapse in price.
BEN reached a low of $0.00000003035 on May 12, followed by a short bull trap. Since then, the coin has ranged between $0.0000000564 and $0.0000000937.
This is relatively normal since many new meme coins have been ranging at lower price points in recent days. However, BEN has been particularly controversial since it seems to have been a rug pull from one of the most prominent crypto influencers.
BEN’s Twitter account posted its last Tweet on May 11 and has been silent since then. The Founder, Ben.eth, then launched a new project named PSYOP, and Ben Armstrong has sold his BEN holdings.
BEN Price Prediction
It remains to be seen whether the team will refocus their efforts on BEN or whether the project is a rug pull. However, considering its popularity, BEN could easily reclaim its ATHs and potentially reach the $0.000001 mark if the team returns.
Nonetheless, BEN now presents significant risk, with many experts highlighting the likelihood that BEN could be a rug pull.
Ripple CTO, David Schwartz, warned people of the dangers of BEN days before the team seemingly left the project. Following the mass outrage concerning Bitboy dumping BEN, Schwartz tweeted, “I was hating on him before it was cool”.
New Meme Coin $COPIUM Pumps 800% After Listing, Could it be the Next Pepe?
With the founding team exiting BEN and Pepe’s local top evidently in, traders are busy identifying the hottest new meme coin to make them rich. $COPIUM is one of them.
Copium is a new meme coin that went live on Uniswap on May 18. The price surged by 900% quickly after its launch but has recently undergone a pullback. The current price is $0.006615, with a 24-hour trading volume of $19,992,412 and a fully diluted market cap of $9,897,390.74.
The coin is based on investors “coping” with missed opportunities like not buying top new meme coins, buying the top and participating in rug pulls. With the downturn of BEN, Pepe and other meme coins, the release of $COPIUM is timely, as many could relate to that feeling at the moment.
Despite being less than 24 hours since its launch, the new meme coin has already been featured on multiple prominent media outlets and has experienced lots of social media coverage.
Crypto YouTuber and analyst Jacob Bury recently posted a video breaking down the Copium project and estimating the price could 100X. One of the main reasons for the prediction was the high quality of the project.
The project’s quality is evident on Twitter, where its number of followers is rapidly growing, and it often receives engagement of up to 5K likes, comparable to Dogecoin’s.
Copium featured an invite-only private sale which onboarded 200 prominent crypto figures to the community, including DeeZee and FaZe Banks. The aim was for presale members to become ambassadors as well as holders, which could be why the project has performed well so far.
Moreover, with 200 high-profile ambassadors, Copium could be at less risk of rugging. This is because there are many ambassadors to continue the project, compared to BEN, which depended on Ben.eth and Ben Armstrong.
AiDoge Presale Nears $10m, Traders Backing it to 100x
One of the main factors of Copium’s success so early is the power of its team to create high-quality and relatable memes that resonate with its community.
The second project that traders have been backing, AiDoge, is an AI-powered platform that enables anyone to create similar memes with simple text-based prompts.
AiDoge is currently experiencing an impressive presale, having raised $9.7 million. The presale exploded following the initial Pepe pump as traders sought a meme coin that provided real-world utility.
The coin is currently priced at $0.0000312. However, the price is set to rise at the beginning of the next presale round once $10 million is raised.
While there are several reasons for the presale’s popularity, such as media coverage and hype, the main reason seems to be that traders see huge upside potential.
With Pepe reaching an ATH market cap of over $1.8 billion without any utility, a meme coin that provides real utility could experience tremendous growth if the community rallies behind it.
One of the exciting things about AiDoge.com is that it has moved its social presence beyond the norms for crypto projects, posting on TikTok and Instagram, as well as the usual Twitter, Telegram and Discord channels.
So far, AiDoge has amassed 34K followers on Twitter, but this number could surge leading up to its initial exchange offering. The hype around the project will likely explode toward the end of its presale as investors anticipate its exchange launch.
Some traders are even suggesting that AiDoge could be the next 100x meme coin.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
Contact Details
Finance News
Alex Brown
View source version on newsdirect.com: https://newsdirect.com/news/ben-token-price-prediction-is-it-still-a-buy-traders-are-buying-copium-and-aidoge-instead-666536112
