🔥💥Will Solana (SOL) and BOME Prices Reach the Target Price or Will They Reversal in the Future?
The crypto market is witnessing a dynamic change, with Solana (#sol ) and its associated meme coin Book Of MEME (#BOME ) emerging as the leading competitors and eclipsing Ethereum projects. Due to the increase in Solana's price by about 12% and BOME's interest following Binance's listing announcement, investors' attention is turning to these alternatives.
But recent developments, including an investigation into BOME's potential insider trading, have increased the uncertainty. So let's take a look at how Solana and BOME are reshaping the crypto world.
Social Media Buzzes at Solana and BOME
Solana and its meme coin counterpart BOME have been leading the crypto Sunday with their increasing popularity recently.
According to a recent report by leading on-chain data provider Centiment, both SOL and BOME dominate discussions on various social platforms, including X, Reddit, Telegram and 4chan.
In particular, market participants are increasingly seeing Solana and related meme coins as viable alternatives to Ethereum-based projects, given their outstanding performance in recent times. Also, the recent rise in SOL & BOME prices reflects the increasing confidence of investors in crypto.
But despite the strong gains, BOME faced a setback after Binance announced that it would launch an investigation into potential insider trading. This development triggered a decline in the BOME price, revealing the volatility in the crypto Sunday.
In contrast, the momentum behind Solana, as noted by Matrixport, continues to remain strong, especially during Asian trading hours. Solana has witnessed significant gains with a remarkable rise of 85% in the last 30 days, a significant part of which occurred in Asian trading sessions, with an increase of 807% in the last 12 months.
