There is a new meme currency sensation in the ecosystem called 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 shown intense determination over the past week, as it rose from a low of $0.000858 about two days ago to a high of $0.01826 in the first few hours of trading.
There is a new meme currency sensation in the ecosystem called 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 shown intense determination over the past week, as it rose from a low of $0.000858 about two days ago to a high of $0.01826 in the first few hours of trading.
BOME and competitors
The BOME rally is nothing new in the nascent meme coin ecosystem. With its launch last week, the parabolic growth trend recorded with the rise of PEPE and BONK remains visible on BOME, underscoring a similar trend for much-hyped meme coins.
At the moment, BOME volatility is positive, with trading volume increasing by 180% to $2.71 billion, making it the 13th most traded cryptocurrency in the market today. This intense volume that has surpassed the PEPE and BONK duo in the last two days has raised the BOME 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 capitalization stands at $3,483,981,703, BONK’s is pegged at $1,929,425,855, two valuations that BOME could surpass if it continues on this similar trajectory.
Post-hype stability
BOME is in a phase where hype is replacing all fundamentals and that phase is likely to fade, as has been seen historically. From PEPE to Shiba Inu (SHIB) to BONK, meme coins are known to experience prolonged cooling-off periods, a trend that could also be recorded with BOME.
The emergence of BOME comes at a time when the overall market is experiencing a major rally with the influence of the Bitcoin Spot ETF. Since tokens like SHIB survived the wrath of the crypto winter, BOME may need to certify itself with positive use cases to match established projects in the industry.
