Category: Forex News

BOOK OF MEME (BOME) Up 300%, Will It Overtake PEPE and BONK?

By Published On: March 18, 20242.1 min readViews: 4730 Comments on BOOK OF MEME (BOME) Up 300%, Will It Overtake PEPE and BONK?
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

There is a new meme coin sensation in the ecosystem dubbed BOOK OF MEME (BOME). Over the past 24 hours, the meme coin has recorded a jump of 300%, placing its price at $0.01751. BOME has showcased intense grit over the past week as it moved from a low of $0.000858 about two days ago to a high of $0.01826 in early trading hours.

banner image
BOME 1D Chart. Source: CoinMarketCap

BOME and competitors

BOME’s rally is nothing new in the nascent meme coin ecosystem. With its launch this past week, the parabolic growth trend recorded with PEPE and BONK’s emergence remains visible in BOME, underscoring a similar trend for highly publicized meme coins.

At the moment, BOME’s volatility is positive with its trading volume up 180% to $2.71 billion, making it the 13th most traded cryptocurrency in the market today. This intense volume that has surpassed the duo of PEPE and BONK in the past two days has pushed BOME’s market capitalization to $922.44 million.

With the current growth momentum, BOME is closing in on the duo of PEPE and BONK in terms of market capitalization. While PEPE’s market cap comes in at $3,483,981,703, that of BONK is pegged at $1,929,425,855, two valuations BOME may surpass if it continues on this similar trajectory.

Stability post-hype

BOME is at a phase where the hype is superseding all fundamentals, and the phase is likely to fade off, as seen historically. From PEPE to Shiba Inu (SHIB) and BONK, meme coins are known to experience prolonged periods of cool-off, a trend that might also be recorded with BOME.

The emergence of BOME comes at a time when the general market is experiencing a major uplift with the influence of spot Bitcoin ETF. With tokens like SHIB surviving the wrath of the crypto winter, BOME might need to certify itself with positive use cases to match up with established projects in the industry.


Source link
banner image

banner image

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Leave A Comment