Bittime - Early investorsin the Solana blockchain-basedmeme coin BOME managed to reap fantastic profits! With just an initial investment of $72,000, in three days he managed to make a profit of up to $30.2 million (around Rp. 438 billion).
How to? These investors bought BOME in large quantities during the presale. After the price soared and BOME's market capitalization surpassed $1 billion, he then sold some of his BOME and pocketed a profit of $3.66 million. Interestingly, he still has tens of millions of dollars worth of BOME coins remaining!
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The soaring price of BOME also sparked the attention of large exchanges such as Binance. Binance announced the listing of the BOME perpetual contract, making its price rise further. However, as with most meme coins, many early investors chose to take profits when the price was high, causing the price to decline.
Currently, analysts predict BOME has the potential to rise back to the price of $0.030. However, BOME could also drop to the price of $0.0178 if selling pressure continues.
Even though the price has fallen, BOME is still one of the top 100 cryptocurrencies. BOME even became the third Solana token to enter the top 100, after Bonk (BONK) and dogwifhat (WIF).
However, interestingly, the prices of these two tokens, BONK and WIF, have actually experienced a significant decline recently. Allegedly, investors moved their investments from BONK and WIF to BOME.
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What is a Book of Memes (BOME)?
Book of Meme (BOME) is a cryptocurrency built on the Solana network. BOME was created by Darkfarms, a famous crypto artist. The main goal of this project is to create a permanent storage library for meme coins.
The BOME concept was first teased on March 10, with a full reveal on March 12. Darkfarms calls BOME a multifunctional "shitcoin"-like platform that offers features such as a renewable e-magazine, tools for creating memes, and a library of CC0-licensed memes.
In other words, BOME aims to be a hub for memes, offering tools for creating and accessing memes while using blockchain technology for ownership and distribution.
BOME is holding a 24-hour pre-sale on March 13. Unlike regular sales with a fixed price, pre-sale participants are invited to contribute SOL (Solana cryptocurrency) to a specific address. The number of BOME tokens a participant earns is determined by the proportion of SOL they contribute.
Book of Meme (BOME) has a total supply of 68,999,659,569 tokens, with a current circulating supply of 55,199,727,655 (approximately 80% of the total supply). This means that the remaining 20% is allocated for various project needs.
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BOME Investment Opportunities
BOME is a newly launched token. Built on the popular Solana network, BOME is attracting huge interest from crypto enthusiasts. Within 48 hours of launch, BOME managed to jump to 138th place by market capitalization, despite an overall market correction.
In addition, BOME's trading volume in the last 24 hours reached $2.185 billion, from both centralized exchanges (CEX) and decentralized exchanges (DEX). This shows the high interest of traders and investors in this meme coin.
Reporting from CoinMarketCap, investing in meme coins like BOME has high risks. In comparison, there are many established (blue-chip) cryptocurrencies such as Bitcoin, Ethereum, or Solana that offer lower risks than newly launched meme coins.
The investment decision is yours, make sure to always do your own research before buying any cryptocurrency.
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 Meme
Who is Darkfarms, the figure behind the Book of Meme (BOME) coin
Memecoin, what is it and what are some examples?
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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