Among new meme coins, two are dominating the market these days, BOME and PEPE, resulting in a competition between them for the best performing meme coins. What do top investors and crypto experts think about BOME and PEPE coins? Who is meme coin performing best? And will it cross the $1 mark by the end of 2024? Which is the possibility? Let's discuss it in this article.
BOME Vs PEPE Price Comparison:
With a price increase of 1500%, BOME is dominating the crypto market, with the current price rising from the original price of $0.0009373 to $0.01441. This is one of the top altcoins with low value but high returns. The market capitalization is $975,052,880, an increase of 18%, and is ranked 110th on CoinmarketCap.
Due to the increase in transaction volume, the current TV price is $1,908,659,409, increasing by 100.48% and securing the 11th place.
This is not the best performance for this token, as it recently reached an all-time high of $0.02805 after weeks of continuous gains. The current value is almost half way above this limit. BOME would have had a better rally if the crypto market had fallen earlier and crypto had not lost the week's gains.
Speaking of Pepe Coin: After more than a year of suffering, he has made a comeback. PEPE not only regained its original price, but also repeated last year's significant decline. By March 10th, PEPE had shown exceptional performance, at best he was over 400%. So far, prices have fallen 98% in one month.
On March 9th, Pepe coin reached an all-time high of $0.000002892, but compared to it, it fell 99.91%. The current market is not the best time for Pepecoin. It is currently trading at $0.0000000027 with a decrease of 62.52% in trading volume, giving it a value of $10.51 million and a market cap of $1.14 million.
BOME vs. PEPE: The Battle for the $1 Milestone
BOME and PEPE belong to the meme coin category and are at risk of falling if trends change. It is already clear that PEPE is falling, indicating a bearish trend for this particular meme coin. In contrast, BOME is doing well, up nearly 40% from yesterday. Many analysts believe that the BOME chart indicates a breakout point where the price can surge towards his ATH. PEPE, on the other hand, appears to be following the pattern of last year, when it soared, benefiting short-term investors, and then crashed.
According to analysts, PEPE’s 50-day EMA position is $0.0000079 above the current price and is trending down. They also believe that a reversal is possible after the moving averages are crossed.
At the same time, analysts believe that a strong start and continued price growth could see BOME rise by $0.10 in the coming weeks. This month's range for Book of Meme coins is $0.0011 to $0.10.
When talking about the future, it is difficult to say which cryptocurrency will be the first to cross the $1 mark, as neither cryptocurrency has ever achieved this milestone in the past. In the short term, BOME's price performance was better than PEPE, but things can escalate quickly and in all directions in this crypto market.
Final Thoughts:
Currently, when comparing the performance of BOME and PEPE, it looks like BOME is dominating the market, but PEPE has already dominated the industry twice. It's hard to imagine which meme coin will win when both tokens have different uses and are likely to continue to grow. Which direction these meme coins go in will be determined by market conditions and community support.
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