- Ben is one of the upcoming meme coins that has no utility.
- The token has formed a cup and handle pattern on the 30-minute chart.
- This pattern is usually a sign of a bullish continuation.
Ben crypto price rocketed higher even as other meme tokens like Milady Meme Coin (LADYS), Saudi Pepe, and Pepe retreated. The token soared to a high of $0.000000093, the highest level since May 14th.
Ben number of holders jump
I recently wrote that we are in a meme coin season, which is characterized by elevated volatility of useless tokens. Some of the most popular meme coins are Pepe, Milady Meme Coin, and Mrs Pepe. These tokens have jumped sharply recently, making some people illiquid millionaires.
Ben is one of these popular meme coins. Its website says nothing meaningful about the token and the utility it brings in the industry. It describes itself as a retired chemistry professor with a passion of reading and adventure. It adds that:
“So, whether you are a fellow adventurer, a curious reader, or simply someone looking to make a positive change in your life, I invite you to join me on this exciting journey. Let us explore the possibilities of blockchain technology together and strive for something greater!.”
While Ben is a useless token, data shows that the number of holders has jumped in the past few days. Data compiled by Etherscan shows that Ben has accumulated over 16,370 users from around the world.
Like we have seen with other meme coins, most of these holders are people seeking to make a quick profit by investing in an extremely cheap cryptocurrency. Additional data by CoinMarketCap shows that the volume of Ben traded in the past 24 hours has risen to more than $7.7 million, making it the 213th most popular coin.
Ben price prediction
I believe that BEN is not a cryptocurrency worth investing in today. It is a highly illiquid token that could go to zero in the next few months. However, the 30-minute chart shows that the token has formed a pattern that is usually a bullish sign.
As shown above, BEN has formed a cup and handle pattern whose upper side is at $0.000000095. The C&H pattern is shown in red. In most periods, financial assets tend to have a bullish breakout after forming this pattern.
Therefore, there is a likelihood that the $BEN price will have a bullish breakout after completing the handle section. This view will be confirmed if the token jumps above the key resistance point at $0.00000095.
