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Amid the ongoing broader market correction, investor interest in meme coins has significantly declined, hitting some of the most popular tokens the hardest.
The meme coins market has dropped from $48.28 B in the beginning of August to $38.4B by the end of August 2024. However, a few meme coins are showing possible surges and reversals in the next month, they are Popcat, Shuba Inu, Floki, and Bome.
Story Highlights The live price of the BOME token is . BOME price may reach a high of $0.0132 in 2024. With a potential surge, this altcoin may reach a high of $0.0315 by 2030.
Book of Meme (BOME), a once-prominent meme coin, finds itself in a challenging position as it navigates a volatile market. Despite a recent uptrend, bearish sentiment continues to loom large, putting pressure on BOME's ability to sustain its momentum. With the coin's price currently hovering around $0.
Despite its quick rise to a $1 billion market cap, B ook of Meme (BOME) is now a shadow of its former self. As of press time, the altcoin is trading at $0.0070.
It's been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period.
The short-lived rally in Solana-based meme coins has come to an abrupt end, with Bonk (BONK), Cat in a Dog's World (MEW), and Book of Meme (BOME) ranking as the top assets leading the decline.
The eighth-largest meme coin, Book of Meme, witnessed a sharp decline as the broader cryptocurrency market witnessed a bearish storm. The Book of Meme (BOME), a Solana-based meme coin, fell by over 5.7% in the last 24 hours to $0.
The Solana-based meme coin Book of Meme (BOME) has surged by 23% in the past week, making it the top-performing asset among the top 100 cryptocurrencies by market capitalization during this period.
Cryptocurrency prices were on edge on Tuesday as investors watched the performance of Bitcoin and other big coins. Bitcoin was trading at $66,530, much lower than this month's high of $70,000.
Is BOME poised for another 100% surge? Recent gains and bullish indicators suggest it might be.
The crypto markets are undergoing a roller coaster ride as the prices of the tokens have been experiencing acute volatility. Just a day before, Bitcoin was expected to hit $70,000 but the dynamics have changed as upward pressure has escalated.
Ignoring the bearish noise with the recent correction in the Bitcoin price, the meme coins, MOG, and Book of MEME (BOME) maintain a bullish trend. With a breakout and reversal trend, the meme coins tease a trend continue in this week.
Cryptocurrency prices continued their strong rebound on Monday as investors reflected on the recent Bitcoin conference in Nashville. Bitcoin roared back above $70,000 for the first time since June 7th. Most meme coins and altcoins also bounced back on Monday. Book of Meme (BOME), a new Solana meme coin, rose to $0.
The crypto prices today mainly took a bearish turn after remarkable gains witnessed recently. Bitcoin (BTC) price slipped back to the $66K level, whereas Ethereum (ETH), Solana (SOL), and XRP tanked 0.7%-6%.
BOME price rose by more than 18 percent on Monday, with crypto investors looking at FOMC interest rate meeting for possible cues.
Meme coins in the Solana ecosystem flaunt a cumulative net increase of more than 5% on Monday, with BOOK OF MEME price leading the perk. This price uptick comes as Bitcoin makes another debut above $70,000 jolted by former US President and the Republican Party nominee Donald Trump's speech at the Bitcoin Conference in Nashville.
The Solana blockchain boasts several prime memecoins, but four projects stand out for their excellent profit potential: Husky Inu ($HINU), Bonk ($BONK), Dogwifhat ($WIF), and BOOK OF MEME ($BOME).
On Saturday, the crypto market showed a slight uptick with Bitcoin recording q nearly 1% Jump. However, the recovery momentum in Meme cryptocurrencies stayed active led by Dogecoin (DOGE) with a 7%+ jump, while Dogwifhat (WIF), and Shiba Inu (SHIB) prices showcased a 3-4% rise.
Book of Meme (BOME), the fourth largest meme coin on Solana behind Dogwifhat, Bonk and Popcat, has seen its price increase by more than 24% this past week. The meme coin is also green in the past 24 hours, up 4.7% at the time of writing. Currently, BOME is holding onto an overall bullish momentum.
Solana-based meme coin Book of Meme (BOME) has witnessed a resurgence in bullish bias amid the correction in the broader cryptocurrency market. Due to increased trading activity, the global cryptocurrency market capitalization has increased by 9% in the past week.
Imagine a fluffy bunny with twinkling eyes, hopping through the crypto cosmos, leaving stardust profits behind. That's MOONHOP Meme Coin! Cute but powerful, market experts hail it as the top meme coin presale of the year, with potential returns of over 1,000% (fluffin' amazing, right?).
The open interest of the popular Solana-based meme coin Book of Meme (BOME) cratered to a four-month low of $39 million on July 7.
The memecoin industry grew explosively over the past few years, with daily new projects. Navigating the plethora of memecoins is daunting, and investors must carefully decide which projects to back.
