The memecoin buzz continues in the cryptocurrency market as a handful of tokens record massive gains to the delight of holders. BOOK OF MEME (BOME) rose 41.3% in the last trading day showing strength amid efforts from bullish holders.

BOME notched a 41.3% increase at press time to trade at $0.1544 and also tops the list of trending Solana memecoin over the last trading day. In terms of growth, the asset has outpaced Dogwifhat and Slerf in the same period as the other two remain in the red zone.

Over 275% This Week

BOME price has maintained a steady rise this week although slow growth was market following the wider market correction. The Solana memecoin pumped 276% in the past seven days with an upward trajectory. This is seen through recent inflows into the memecoin. BOME’s market capitalization stands at $853 million with a daily trading volume of $1.4 billion.

Across social media spaces, the BOME community is quite bullish toward the asset although a handful hints at a sale to make a quick profit. The wider Solana memecoin market shows a 7.2% decline in market cap and reduced trading volumes. The biggest gainers across the last trading day include Cheems with an 82.3% boost while BOME and Potato come in next with 41.3% and 19.8% respectively. 

Larger Solana memecoins like Dogwifhat and BONK remain in the red zone with daily losses of 5% and 4% respectively. Both assets also posted 23% and 24.1 respectively this past week. This is a stark difference from BOME’s astonishing growth.

What’s Next?

A majority of digital asset commentators opine a rise for the asset following its recent market performance despite a slew of bearish voices present. Over 276% rise while other Solana memecoins struggle after the buzz shows a rally around the coin. Crypto user Bull_BNB believes users can generate utility from the current pump.

“The season is not over. It just started. $Bome started pumping, and that’s its utility. $Slerf is acquiring more and more community members. $Smole dev has no idea what to do with the LP. Hence, it’s rugging. So currently, there are only two winners in the sol meme space.”

Read Also: Reddit IPO Price Soars, Here’s Why?

The post BOOK OF MEME (BOME) Spikes 41.3%: What’s Next? appeared first on CoinGape.

---

Filed under: News - @ January 1, 1970 12:00 am