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Will BOME Displace BONK With Double Digit Flows? Bonk (BONK) and BOOK OF MEME (BOME) are among the top memecoins trading with some users backing the former's inflows. BOME has seen renewed inflows on the back of the positive United States Consumer Price Index (CPI) which has flipped market sentiments. The wider crypto market has seen renewed flows with Bitcoin hitting $66,000. These bullish upticks have led to a rally in memecoin prices across the board. BOME and BONK have both recorded inflows wiping off some parts of previous losses recorded due to market fluctuations. However, although BONK is the bigger asset, BOME has notched higher showy-term inflows with bulls anticipating more flows similar to Q1 2024 numbers. BOME To Displace BONK? At press time, BONK is the sixth largest memecoin by market cap while BOME follows closely in seventh. The market capitalization of both assets stands at $1.68 billion and $849 million respectively. BOME has seen 8% daily inflows pushing its price to $0.01235. Weekly surge to the asset has grown above 20% while 30-day movement is at 49.4%. This giant leap of the asset has ignited bullish momentum upwards with BONK the next asset in sight. Although the difference between the market cap is huge, some users believe a sustained price rally in 12 months could record significant progress. BOOK OF MEME has also seen increased daily volumes at $498 million as users pour funds into risky assets. The Solana memecoin frenzy has sparked a surge in the asset as the coin continues to outpace the market. BONK Records Flows. Although BOME's short-term flow is significantly higher, BONK is the bigger asset by market capitalization and has posted decent flows. In the last 24 hours, the asset moved up 6.8% to a price of 0.000025. This week, it has seen an 11% rise and maintains a 78% monthly flow over the former. BONK rallied on renewed inflows after the CPI data, Solana memecoin frenzy, and industry developments. The asset's price jumped 7% after a listing on Bithumb, the second-largest cryptocurrency exchange in South Korea.

Will BOME Displace BONK With Double Digit Flows?

Bonk (BONK) and BOOK OF MEME (BOME) are among the top memecoins trading with some users backing the former's inflows.

BOME has seen renewed inflows

on the back of the positive United

States Consumer Price Index (CPI)

which has flipped market sentiments.

The wider crypto market has seen

renewed flows with Bitcoin hitting

$66,000. These bullish upticks have led

to a rally in memecoin prices across the board.

BOME and BONK have both recorded inflows wiping off some parts of previous losses recorded due to market fluctuations. However, although BONK is the bigger asset, BOME has notched higher showy-term inflows with bulls anticipating more flows similar to Q1 2024 numbers.

BOME To Displace BONK?

At press time, BONK is the sixth largest memecoin by market cap while BOME follows closely in seventh. The market capitalization of both assets stands at $1.68 billion and $849 million respectively. BOME has seen 8% daily inflows pushing its price to $0.01235. Weekly surge to the asset has grown above 20% while 30-day movement is at 49.4%.

This giant leap of the asset has ignited

bullish momentum upwards with

BONK the next asset in sight. Although

the difference between the market cap is huge, some users believe a sustained

price rally in 12 months could record

significant progress.

BOOK OF MEME has also seen increased daily volumes at $498 million as users pour funds into risky assets. The Solana memecoin frenzy has sparked a surge in the asset as the coin continues to outpace the market.

BONK Records Flows.

Although BOME's short-term flow is

significantly higher, BONK is the bigger

asset by market capitalization and has

posted decent flows. In the last 24

hours, the asset moved up 6.8% to a

price of 0.000025. This week, it has

seen an 11% rise and maintains a 78%

monthly flow over the former.

BONK rallied on renewed inflows after the CPI data, Solana memecoin frenzy, and industry developments. The asset's price jumped 7% after a listing on Bithumb, the second-largest cryptocurrency exchange in South Korea.

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DOGE Skyrockets 100% in Whale Transactions Amid Dogecoin ETF Rumors. Dogecoin (DOGE), the famous meme- inspired cryptocurrency, is experiencing a surge in large transactions in the last 24 hours, indicating potential activity from major investors, or "whales." According to data from Into TheBlock, the total value of these large transactions, exceeding $100,000, nearly doubled in the past 24 hours, jumping from $1.53 billion to a staggering $3.01 billion. This translates to a significant rise in the volume of DOGE being moved by these whales, from 9.74 billion to 17.97 billion coins. This surge in whale activity coincides with growing speculation about a potential Dogecoin ETF. The recent optimism surrounding the Ethereum ETF has fueled rumors that DOGE could be next in line for its own regulated investment vehicle. Why is Dogecoin ETF possible? Dogecoin appears to have several factors working in its favor for ETF approval. Unlike some other cryptocurrencies, DOGE is not suspected of being a security, its futures are already approved by the U.S. Commodity Futures Trading Commission (CFTC) and it boasts a healthy market capitalization of $24 billion, ranking it as the eighth largest cryptocurrency. Interestingly, Billy Markus, one of the creators behind Dogecoin under the pseudonym Shibetoshi Nakamoto, has even chimed in on the ETF rumor with a lighthearted "amusing" remark. Whether fueled by these rumors or not, the recent surge in whale transactions suggests heightened interest in DOGE, and investors are watching closely to see if this translates to a price increase. #MemeWatch2024
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Cardano (ADA) Price Prediction for May 22. ADA/USD. The rate of Cardano (ADA) has declined by 4.79% over the last day. On the hourly chart, the price of ADA might have set a local support level of $0.4746. However, there are low chances to expect any sharp moves by the end of the day, as most of the ATR has been passed. In this case, sideways trading around the $0.48 mark is the most likely scenario. On the bigger time frame, the fall continues after yesterday's bearish closure. At the moment, there are no reversal signals yet, which means the drop may lead to the test of $0.46 shortly. From the midterm point of view, the price of ADA has bounced off the $0.50 zone. However, buyers still have time until the end of the week to seize the initiative. If they manage to do that, growth may continue to the resistance of $0.5225. ADA is trading at $0.484 at press time.
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Shiba Inu (SHIB) Loses Market Spot to Avalanche (AVAX): Details. In a reshuffling move, dog-themed cryptocurrency Shiba Inu (SHIB) has lost its market spot to Avalanche (AVAX). Shiba Inu has remained in 11th place in the market rankings after falling out of the top 10 due to profit-taking following its stunning 300% increase in late February to early March. Despite the profit-taking that followed, Shiba Inu fiercely defended its rankings, remaining in 11th place throughout. However, Shiba Inu's resolve has been tested with Avalanche overtaking it, pushing it to 12th place in the crypto market rankings. Shiba Inu's drop in the rankings coincides with a larger market fall that has seen SHIB lose roughly 4% of its value in the last 24 hours. This fall follows profit-taking after the SHIB price reached a high of $0.00002684 during today's trading session. Earlier in the week, crypto prices rose on hints of progress toward U.S. approval of exchange-traded funds investing directly in Ethereum as optimism revived. SHIB's price climbed alongside the market, but to a smaller extent. SHIB is currently up 5.15% over the last seven days, as its gains were relatively muted by the stiff daily MA 50 barrier near $0.000025. In recent weeks, specifically since mid- April, Shiba Inu's price has been constricted by the daily SMA 50 barrier. Shiba Inu consistently faced a battle surpassing this level; however, the bulls made a successful attempt on May 20 before confronting resistance. Conversely, Avalanche experienced a surge in value, climbing over 18% in the past week. This growth has propelled AVAX to overtake SHIB, with a current market capitalization of $15.6 billion compared to Shiba Inu's $14.8 billion, according to Coin MarketCap data. As the market scenario unfolds, eyes will be on Shiba Inu to see if it can sustain its rise above the tough daily MA 50 barrier. Whether SHIB can reclaim its position or AVAX will continue to climb the ranks remains to be seen. #MemeWatch2024
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Bitcoin Price Alert: 273,000 BTC Held at Key Bitcoin Supply Range. As Bitcoin teeters near $70,000, analysts are closely watching a critical supply zone for the largest cryptocurrency. This range is crucial because it represents a key area where a substantial amount of Bitcoin was acquired. Crypto analyst Ali has identified a key supply zone for Bitcoin, situated between $70,180 and $70,600, where over 450,000 addresses have collectively acquired approximately 273,000 BTC. The supply zone is an important area on the price chart that often acts as a barrier to upward price movements. It is where a large number of Bitcoin was previously bought, and holders may look to break even or take profits, potentially leading to increased selling pressure. Following a steady rebound from May 1 lows of $56,500, Bitcoin reached highs of $71,980 on May 21 before encountering resistance. At the time of writing, BTC was sustaining its declines from the prior day, down 1.91% in the last 24 hours to $69,998. Potential scenarios. As Bitcoin approaches the highlighted critical supply zone, several scenarios could unfold: If Bitcoin manages to break above the $70,600 level with strong volume, it could signal a continuation of the bullish trend. This would likely attract additional buyers, pushing the price higher and potentially establishing a new support level. On the other hand, if Bitcoin faces significant selling pressure within this range, it could lead to a price rejection and subsequent pullback. This scenario would indicate that many holders want to realize profits, resulting in temporary resistance. Another possibility is that Bitcoin consolidates below this range for a while. This would imply a balance between buyers and sellers ahead of a major price movement. As Bitcoin considers its next move, price behavior around the $70,000 mark would be closely watched given the sheer volume of BTC accumulated in this area.
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PEPE Rallies 22% to Hit New ATH: Details. PEPE, the frog-themed meme coin project is dusting all other rivals on the market as it just surpassed its all-time-high (ATH) price. At the time of writing, PEPE is showcasing a 22.41% surge in the past 24 hours to $0.00001356. This current outlook is a slight backtrack from the recent ATH of $0.00001422 it registered a few hours ago. PEPE is a major beneficiary of the current bull market cycle. X-Raying its growth underscores a major meme coin outlier that aims to stem the dominance of both Dogecoin (DOGE) and Shiba Inu (SHIB). Besides its 24-hour growth, PEPE has soared by another 22.36% surge in the trailing seven-day period. Over the past month, PEPE has managed to outperform the the market and the average meme coin with a 107% surge to date. With this general outlook, PEPE is now trading well above its 50, 100 and 200-day EMA, underscoring its extremely bullish positioning. While the massive rally in the price of PEPE spells a good omen, there might be a reversal moving on to underscore the cool- off period. However, to cushion this possibility, the PEPE community will need to sustain the 71% surge in the trading volume pegged at $4,381,864,123. This equates to roughly 32.9 trillion PEPE exchanged on the market overnight. When PEPE became popular in early 2023, many had doubts about its longevity, especially as it took a different stance from the dog themes that DOGE and SHIB are known for. Despite the skepticism, PEPE has continued to outperform, becoming the first of the major meme coins to retest its ATH post-crypto winter. One major hurdle now lies ahead for PEРЕ, and this involves its lack of a specific utility pivot. Unlike Shiba Inu with Shibarium, and BONK's relevance with Solana Mobile, PEPE is still highly speculative despite its recent successes. #MemeWatch2024
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