The Memecoin Book of Meme (BOME) project emerges as the newest star in the crypto market. After its listing on Binance, the BOME cryptocurrency increased in value by around 200% in a few hours and reached an ATH close to US$0.029 on Binance. At the time of publication, the BOME price was undergoing a negative correction and was quoted at US$0.01580 with a drop of 35% in the last 24 hours.
Its journey began with an official launch this week, and in the blink of an eye, or rather within 48 hours of starting trading, BOME captured the attention and interest of investors, catapulting its market value to an impressive $1 billion.
This astonishing growth of BOME comes at a time of caution for the cryptocurrency market, marked by a 5% decline in the value of Bitcoin, which saw its price drop to around US$64,500. At the same time, Ethereum faced a 10% pullback. Established memecoins such as Dogecoin and Shiba Inu have not been immune to the turmoil, recording significant drops of 24.23% and 16.69%, respectively, over the past week.
Details about the BOME Value
In the current scenario, Book of Meme stands out not only for its rapid appreciation, but also for its impressive numbers. This vigor is accompanied by an increase in the currency’s daily trading volume, which jumped 125.05%, reaching a value of almost US$6 billion. With a market value of US$1.18 billion, BOME was positioned as the 85th largest cryptocurrency, a remarkable feat for a newcomer to the crypto scene. Now BOME is in the position of 120th largest cryptocurrency.
This phenomenon not only demonstrates the unique dynamics of the cryptocurrency market, but also underlines the ability of new projects like BOME to quickly gain space and recognition in a highly competitive cryptocurrency meme environment.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/book-of-meme-bome-enfrenta-correcao-apos-rali-impressionante-de-tres-dias/
