Top Reasons Why Book of Memes (BOME) Price Surged Nearly 20x

The post Top Reasons Why Book of Memes (BOME) Price Surged Nearly 20x appeared first on Coinpedia Fintech News

The new Solana-based memecoin Book of Meme (BOME) has emerged as a groundbreaking meme coin, and all other crypto and memecoin surges. Within just 48 hours, the meteoric rise of BOME has stunned the crypto world. 

Let’s delve into what’s behind this unprecedented surge.

Book of Meme is the latest entrant into the meme coin arena, launched on the Solana blockchain. BOME is unique as it gives users a blend of memes, trading, and gambling options alongside decentralized storage.

The Book of Meme, nelly launched on March 10th, 2024, witnessed a remarkable 420% surge in its value, skyrocketing its price to $0.02255. With a market cap of $1,230,304,731, the BOME within just two days has swiftly climbed to the 81st position on Coinmarketcap, achieving a billion-dollar market cap.

The first reason behind the surge is excitement and FOMO – 

BOME’s trading volume spiked by 280% to $3,448,195,869 in the last 24 hours. Analysts believe that the surge is mainly fuelled by fervent excitement surrounding the memecoin. Large whale transactions have significantly fuelled BOME’s price surge, such as a recent sale of 25,828,310.48 BOME tokens worth $335,768.03. 

The Book of Meme tokens garnered a successful pre-sale even before its launch. The pre-sale of Book of Memes gathered 10,131 SOL, depicting widespread investor interest, especially from China and the United Kingdom.

We believe that many crypto members who missed the opportunity to profit from the popular dogwifhat memecoin, do not want to miss out on another potential memecoin. Thus, FOMO leads to excessive sales and a 2000% surge. 

The second possible reason Is Binance and Bybit listing announcements –

Two of the most popular crypto exchanges, Binance and Bybit, have announced the listing of Book of Meme (BOME) tokens. Binance allows futures trading involving BOME, expanding investment avenues. On the other hand, Bybit lists BOME on its spot market, enabling direct token trading. 

Binance’s listing boosts credibility, while Bybit’s spot trading enhances liquidity and accessibility. 

The impeccable rise of the Book of Meme has gained a 280% rise to $3,448,195,869 in the last 24 hours, representing fervent excitement within the market surrounding the memecoin. With its unprecedented surge and widespread attention, BOME has firmly established itself as a significant player in the market, sparking curiosity and intrigue among investors worldwide.