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Book of Meme (BOME) might emerge as one such contender if investors are looking for potential winners following the recent conclusion of the Bitcoin halving. BOME is a Solana-based meme coin that is currently trading at $0.01001. Although it has experienced minor fluctuations in the past day and week, it has seen an impressive surge of 917.24% since its inception.
As the market buzzes with speculations, investors are apprehensive about whether BOME will continue to provide impressive returns or lose the gains. Let’s delve into further details to understand the potential of Book of Meme crypto in the upcoming sessions.
Book Of Meme Price Shows Resilience After A Significant Jump This Week!
Book of Meme (BOME) was at $0.0100, recording a positive development of 2.16% in the last 24 hours. Last week, the memecoin faced selling pressure, with its value dropping by nearly 40%.
This week, the bulls made a comeback at the lower levels and BOME has managed to recover nearly 75% of the losses incurred in the last week.
Despite these short-term fluctuations, the overall trend remains largely positive, with a surge of 917.24% since its inception. This indicates BOME’s potential and resilience.
According to the CoinMarketCap website, BOME is currently the 120th largest cryptocurrency, with a market capitalization of $620.59 million. Out of a total supply of 69 billion BOME tokens, 55.2 billion tokens are currently in circulation.
Although trading volume has decreased by 24.28% within the past 24 hours, BOME still maintains a healthy volume-to-market cap ratio of 44.26%. This suggests sustained interest and liquidity.
Book Of Meme Price Technical Outlook
The RSI for BOME is at 53.98, indicating strong buying interest among users. Additionally, the SMA at 51.96 points has formed a bullish crossover with the RSI. This is often a sign of continued upward momentum in the absence of bearish signals.
In March, The higher RSI values led to a significant price correction. However, recent buying growth suggests that BOME’s current RSI level could indicate sustained buying pressure rather than an imminent reversal.
Conclusion
Book of Meme (BOME) is a Solana-based meme coin. The crypto has recorded impressive gains of 917.24% since its inception. BOME is currently trading at $0.01001, with a market capitalization of $620.59 Million and 55.2 billion tokens in circulation.
Despite short-term fluctuations, the overall trend remains positive, indicating BOME’s potential and resilience. The RSI for BOME is at 53.98, indicating strong buying interest among users, and the SMA has formed a bullish crossover with the RSI, suggesting continued upward momentum in the absence of bearish signals.
Technical levels:
- Support Levels: $0.0078 and $0.0015
- Resistance Levels: $0.0148 and $0.020
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
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