Bittime - BOME, the newest meme coin on the Solana blockchain, became a trending topic in the past week. The price soared almost 1,900% in the last week. Why does this meme coin continue to soar? This article will discuss the secret behind it!
Amid a volatile crypto market, where Bitcoin plunged to $65,000 and Ethereum fell nearly 10% to below $4,000. Even meme coins like Shiba Inu and Dogecoin were affected! Well, in the midst of this situation, there is a new token whose price has actually skyrocketed, namely BOOK OF MEME (BOME)!
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Gahar BOME Performance
BOME , this Solana-based token, only entered the trading arena on March 14 at a price of $0.0009838. But within 48 hours, the price immediately skyrocketed 1650% to $0.01393!
The trading volume is also no joke, rising 118.74% in 24 hours. With a market cap of $944.81 million, BOME is currently ranked 102 on CoinMarketCap .
Why can BOME rise?
There are several factors that make BOME prices explode:
1. BOME pre-sales are booming
BOME immediately became popular among the Chinese-British community. During the pre-sale, they raised 10,131 SOL, far exceeding Darkfarms' initial target of only 500-600 SOL. There was so much interest that the community held a vote to determine how to manage the pre-sale funds.
The pre-sale funds collected were then used by Darkfarms to create a liquidity pool, which brought the initial price of BOME to $0.0000496. This "big" buy order (100 SOL) made the BOME market super liquid, and the price immediately rose to $0.0012. With this increase, BOME's market capitalization immediately broke $375 million!
Also Read How to Buy Crypto:
2. Listing on major exchanges
The price of BOME also increased due to listing on a well-known crypto exchange. For example, KuCoin has just announced the BOME/USDT trading pair. KuCoin users can now deposit BOME on the Solana network and start trading from March 15, 2024.
Apart from KuCoin, Gate.io and Crypto.com have also listed BOME. In fact, BitMart, MEXC, and HTX are also listed, making BOME even easier to buy. Soon, BOME will also be listed on Bittime, you know!
3. Trading on Binance Futures
Binance Futures, a derivatives platform from Binance, also enlivened BOME. They have just launched a perpetual futures contract for BOME, even though BOME itself has not yet been listed on the Binance spot market. This new BOME-based contract begins trading today, and offers additional investment opportunities for traders.
Alert! BOME Still a New Asset
Even though the price is rising, we need to be careful because BOME is still a new asset that has high volatility and has more risk than other tokens.
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What is a Book of Memes (BOME)?
BOME was created by Darkfarms, the creators behind the legendary Pepe memes. BOME is like a digital meme library that can be updated, complete with tools for creating memes and a CC0 licensed meme collection (free for anyone to use).
The project utilizes Arweave, IPFS, and inscription for data storage, and also serves as a social platform for cross-blockchain meme storage. In future plans, BOME will use a single NFT to link all content related to a particular meme.
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
What is DogeBonk (DOBO)? Memecoin Full of Humor
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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