Fofar is one of the latest meme coins based on graphic designer Matt Furie’s Boy’s Club characters to pump. The token is up 3,200% since launching in April and looks like it has the potential to keep delivering returns for traders who hold onto their $FOFAR tokens.
So, how high can this new meme coin go? We’ll take a closer look in our Fofar price prediction.
Fofar Offers 4x Potential with Another Pump from Burns and CEX Listings
Fofar’s rise to this point has been exciting for early investors in the token. After launching at $0.0000040, the token quickly rocketed to an all-time high of more than $0.00061—a gain of more than 150x. While the meteoric high didn’t last long, the pullback could present an opportunity for traders who missed Fofar’s first pump to get in on round 2.
So, will there be a round 2? We think so.
Fofar has viral potential thanks to its mascot, Fofar, inspired by graphic designer Matt Furie. Furie’s other characters include Pepe, Brett, Andy, Landwolf, and Birddog, all of which have inspired explosive meme coins with proven staying power in the market. Fofar might be the last of the Furie’s Boy’s Club characters, but there’s every reason to think this meme will prove just as strong.
Another reason to be bullish about Fofar is that the token is set up to deliver consistent burns, pushing up its market price. The team behind $FOFAR has already burned 15% of the token supply, and additional burns could really start to cut into the available supply. Any move to burn more $FOFAR would likely be cheered by traders, sending the token upward on hype.
Yo, degens! 🚀 The market's been a bloodbath lately, right? Red candles everywhere, and everyone's panicking. But hold up—let's talk $FOFAR. 💎
— FOFAR (@FOFAR_Solana) July 10, 2024
While everyone else is crying over their losses, $FOFAR is chillin'. Not going anywhere, staying solid. This is the diamond in the… pic.twitter.com/K15nYxZ4TC
$FOFAR could also catch the attention of centralized exchanges like MEXC or Gate.io, both of which have been enthusiastic about listing buzzy new meme coins in the current crypto bull market. Trading on either of these exchanges would be a huge boost for Fofar, putting the token in front of a massive new audience of potential traders and investors.
With all this in mind, we think $FOFAR has another pump in it. A conservative target indicates the token could hit $0.00045, a demonstrated support/resistance area for the token and a roughly 4x gain from today’s price.
A more aggressive pump could send $FOFAR to a new all-time high, potentially in the range of $0.000750 based on our analysis. However, that’s uncharted territory for $FOFAR and it’s unclear how long the meme coin could hold such a price.
Pepe Unchained Offers 10x Potential as Hub for Future Meme Coin Development
Even our most optimistic price prediction for Fofar suggests a return of only 550%—nothing to scoff at, but hardly the kind of millionaire-making trade that meme coin investors dream of. Traders looking for life-changing gains probably won’t find them in Fofar, but they might in Pepe Unchained.
Pepe Unchained is another new meme coin built on Matt Furie’s Pepe character, and it’s creating a Layer-2 blockchain for Ethereum to serve as a launchpad for future meme coin development. The project has proven incredibly popular with meme coin traders during its presale, selling more than $3.3 million worth of $PEPU tokens in just a few weeks.
Pepe Unchained promises that its Layer-2 network will be 100x faster than Ethereum and offer far lower transaction fees, all while enabling instant bridging between $ETH and $PEPU. It’s also giving investors in $PEPU the chance to earn double staking rewards—right now, presale investors can fill their bags with 567% APY.
The popularity of Fofar points to the potential success of $PEPU—traders love Matt Furie-inspired meme coins, and none more so than Pepe. In fact, the original Pepe coin remains the 3rd-most valuable meme coin in the market after Dogecoin and Shiba Inu.
Analysts are also lining up behind $PEPU. Jacob ‘Crypto’ Bury called it the next meme coin to 10x, while analysts like ClayBro and Matthew Perry are also bullish on $PEPU and have encouraged their followers to get in on the presale as soon as possible.
Right now, early investors can join the Pepe Unchained presale at a price of only $0.0083926. The next price increase is just around the corner, though, so there’s no time to wait to buy $PEPU.
