Bittime - The crypto world is buzzing about Book of Meme (BOME), a meme-themed digital currency that just surpassed a market capitalization of 1 Billion US Dollars! In fact, in one day, BOME recorded a fantastic trading volume of 4.73 billion US dollars (as of March 17 2024).
Despite heavy trading, BOME price is down 20.18% to $0.01786. However, with a strong market capitalization of 1.02 Billion US Dollars, BOME is still firmly ranked #102 CoinMarketCap, supported by the presence of 55.2 billion coins in circulation.
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What is a Book of Memes (BOME)?
Book of Meme (BOME) is a cryptocurrency built on the Solana network, founded by Darkfarms, a well-known crypto creator. BOME's main goal is to provide a permanent storage solution for meme coins.
The BOME concept was initially only a leak on March 10, and was officially launched on March 12 with the name "BOOK OF MEME". Darkfarms calls BOME a flexible platform similar to “shitcoin”.
However, BOME offers interesting features such as an e-magazine that can be updated, tools for creating memes, and a meme library with a CC0 license.
In short, BOME wants to be a hub for memes, offering tools for creating memes and access to a meme library, while leveraging blockchain technology for meme ownership and distribution.
Uniquely, Darkfarms is holding a 24-hour BOME presale on March 13. Unlike regular sales at a benchmark price, presale participants are invited to donate SOL (Solana cryptocurrency) to a specific address. The number of BOME tokens pre-sale participants earn is then determined by the proportion of SOL they contribute.
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Book of Meme (BOME) Price Prediction
Analysts expect BOME price to move around the $0.0217 pivot point. If it successfully passes this figure, BOME price has the potential to rise to the next resistance levels at $0.0250, $0.0281, and $0.0311.
Conversely, if BOME price weakens, the nearest support is at $0.0177. Below that lies other strong support at $0.014413 (50% Fibonacci correction) and $0.011172 (61.8% Fibonacci correction).
Technical indicator analysis shows that BOME's RSI (Relative Strength Index) is currently at 77, which indicates the potential for "overbought" and a price correction could occur.
Additionally, BOME's 50-day exponential moving average (EMA) is at $0.0203, indicating a tug-of-war between potential price upside and possible downside.
BOME price has now corrected to the 38.2% Fibonacci level at $0.0176. If the price continues to fall and penetrates this level, then the price could go towards the 50% or 61.8% Fibonacci level. This is the importance of the pivot point in determining the direction of BOME's movement in the future.
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Conclusion
The overall outlook for BOME still tends to be positive, but note that the price must be able to stay above the pivot point of $0.0217. In other words, buying BOME now can be profitable, but make sure you understand the risks and always invest within your means.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
$BOME Makes This Trader Make Lots of Money, Here's the Story!
BOME Skyrockets 300%, These are Interesting Facts about the Book of Memes
Memecoin, what is it and what are some examples?
Memecoin (MEME): Token Created by the Founder of 9GAG
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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