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The Broccoli price skyrocketed 188% in the last 24 hours to trade at $0.05101 as of 2:00 a.m. EST on trading volume that reached $58.6 million.
Broccoli is a new meme coin launched by the crypto community in honor of Changpeng Zhao’s (CZ) dog, Broccoli. On Feb. 13, Zhao posted his dog’s story, explaining how he was asking a zoo owner in Dubai about dog breeds that are adapted to the hot weather, only to receive a Belgian Malinois that same evening.
Broccoli's Story
A year and a half ago, I casually chatted with a friend who owned a (real) zoo in Dubai. Curious, I asked what dog breed is adapted to the Dubai summer heat. I had no plans to get a dog.
Later that evening, my doorbell rang, and a young Belgian Malinois showed… pic.twitter.com/vSLiHiS4fC
— CZ 🔶 BNB (@cz_binance) February 13, 2025
He named the puppy Broccoli, and shared a bit more details about his personality. However, he also stressed that he will not be launching a meme coin, leaving it to the community to decide whether to do it or not. Needless to say, less than a week has passed before the meme coin emerged to become highly successful.
For those asking for a CA (contract address) from me, no, I am NOT issuing a meme coin. I am just posting a photo of my dog and his name, as some of your requested.
I also took advice from this thread yesterday. Let the best meme coin in the community win. 🙏🙏🙏 https://t.co/dTe1izCwJW
— CZ 🔶 BNB (@cz_binance) February 13, 2025
Broccoli Price Prediction
The meme coin went live about two days ago, on Feb. 17. While it did see quite strong price movements in the first 24 hours, the real surge came yesterday, when the token skyrocketed from $0.01727 to $0.07280 before correcting to a support at $0.035, and then surging again in the past several hours to its current price.
Its Bollinger Bands saw a massive widening during yesterday’s surge, only to then narrow significantly as the price began to stabilize. However, with today’s new surge, the bands are once again widening, with the BROCCOLI price pushing the upper band further up.
15-minute chart for BROCCOLI/USD (Source: TradingView)
The token’s Relative Strength Index (RSI) blew up during yesterday’s surge, reaching the value of 88.01, heading deeply into the overbought zone. After the price peaked, however, traders took profit, resulting in the RSI dropping to the value of 40.
However, with the start of the new day, the project started seeing greater fluctuations again, and the RSI shows that it is due to an increase in activity, as its value started going up and down from 40 to 60 and back.
Right now, the crypto’s RSI is once again heading toward the overbought zone, indicating that the token could retest its previous resistances and maybe head for a new all-time high.
Promising Alternative To Broccoli
While Broccoli saw extremely strong performance, experts believe that Meme Index (MEMEX) could be an even greater earning opportunity given its massive potential.
The project immediately attracted attention to its presale when it went live due to its goal to make meme coin investing less risky by allowing users to invest in different baskets of crypto.
Meme Index introduces four meme coin indexes: Titan, Moonshot, MidCap, and Frenzy. From Titan to Frenzy, each is riskier and more volatile than the last, allowing investors to choose the level of risk they are the most comfortable with.
As mentioned, the project is currently still in presale, and has managed to raise over $3.77 million to date, and is now rapidly moving toward its next big milestone at $4 million. Meanwhile, its token, MEMEX, is selling for only $0.0163585, making it affordable and available to everyone.
Investors interested in the project’s indexes will have to buy the MEMEX token in order to invest in these baskets. By holding MEMEX in their portfolios, investors also get to take part in the project’s governance, giving investors the opportunity to help with which meme coins should go in each basket.
With that said, the best time to buy MEMEX is right now, while its price is low, especially since experts like crypto YouTuber ClayBro, who has over 136k subscribers, believe that Meme Index will change the meme coin world forever.
Buy MEMEX here before a presale price hike in less than 2 days.
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