After a bearish push in the last few days, the crypto market was down, leading to price falls for most cryptocurrencies. Bitcoin has just made a comeback and is trading at the $67K mark, whereas the rest of the altcoins include Floki Inu, Solana, JasmyCoin, BOME, BNB, and others. Talking of the top-performing altcoins today, we have Floki Inu and BOME. Which questions, in the Floki Inu vs BOME comparison, which meme coin will win?

Both these meme coins have made an effective comeback and are ruling the meme market. So let’s discuss who wins among the Floki Inu vs BOME and what should be your preferred meme coin to invest in.

Floki Inu vs BOME: Who’s The Best Performing Meme Coin

Floki Inu price has surged 38% in just a day, pushing its value from $0.0001741 to the current price of $0.0002467. It is one of the cryptocurrencies that has made the biggest comeback after the past few days of bullish trends. Its market cap has surged by 38% as well, pushing it to $2,355,788,195, where the trading volume is at $1,142,808,098 after a 104.98% surge, which is impressive for any cryptocurrency.

Inspired by Elon Musk’s dog of the Shiba Inu breed, the Shiba Inu crypto community built this crypto with its native token, FLOKI. Even though it has no direct connection with Elon Musk, its price is affected by the presence of Elon Musk because people believe in getting this crypto to the top, and Elon Musk’s support has the power to do so.

Also Read: Shiba Inu vs Pepe Coin: Where Should You Invest? 

Only a few meme coins have a proper use case, and Floki Inu is one of them, making it the most popular among meme coins, along with Dogecoin and Shiba Inu. Just a week ago, Floki surged to its two-year all-time high value of 0.0002964. It was closer to its full-time ATH value of $0.0003437, set on 4 November 2021.

In the case of BOME, it is a newly launched meme coin. It is the native token Book of Meme, which is working on redefining web3 with multiple use cases. Moments after its launch, the BOME token succeeded in acquiring the user’s attention and surged to its ATH value of $0.02805. Its present value is 60% away from that of ATH and is currently at $0.01136 after facing the bear’s grip in the crypto market. Despite the fall, its trading volume is at $952,626,711, with a market cap of $628,607,022.

Where To Invest Floki Inu or BOME?

Floki is the third most popular meme coin after Dogecoin and Shiba Inu. It has been dominating the market for years, including the bear market. FLOKI was down in the bear market, similar to any other crypto, but it suffered the least compared to the rest of meme coins. Even now, when the market is bullish, Floki Inu has been trending for weeks before falling in the last few days only.

BOME, being a new meme coin, has the potential to grow over the years with the latest upgrades. It will become easier for BOME to achieve new projects and collaborations because of its promising start.

But that might turn out to be a limiting factor for BOME’s growth as the market isn’t established for this crypto. Despite BOME being new to the market, its price and market cap are higher than the Floki Inu, but in terms of trading volume, FLOKI wins.

On a short-term basis, Floki Inu vs BOME comparison, both are good investment options because of their current performance and market demand.

Talking about a long-term plan, a detailed technical analysis of the history, market presence, plans and upgrades, and many other factors need to be considered individually.

Final Thought

In the discussion of Floki Inu vs BOME, both cryptocurrencies have different use cases and community support, bringing different market values. Despite that, both cryptocurrencies have a good market presence and have been trending for the last few days. There was a recent hindrance at the Fed meeting, which affected the prices of thousands of cryptos. That is over now, and crypto tokens are trying to make a comeback.

Read more Bitcoin Price Bounce Back With Fed Meeting: Will Crypto Market Recover?

The post Floki Inu vs BOME: Which Meme Coin Should You Invest In? appeared first on CoinGape.

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