Many friends asked about #BOME . Let me briefly explain it.
BOME was listed on Binance for just three days, and its value soared to 1.6 billion, and then fell to 770 million.
Now the daily trading volume is only half of the initial volume. People who know the business may guess that BOME is likely to be pulled up again, but the timing is uncertain, and it is unknown whether it can wait until then.
Past experience, such as #SHIB , #DOGE , these coins have fallen first and then risen after listing on Binance, with the lowest increase of 5 times and the highest increase of 20 times. This usually happens when the price of Bitcoin rises sharply and the market is particularly excited. Big players generally choose to raise prices when the market is most excited and funds are sufficient. But there are exceptions, such as #WIF , which started to rise before listing on Binance, and its market value now even exceeds 4.5 billion US dollars.
So, BOME’s current market value is 770 million, and it seems that there is a chance to rise several times. But it is not sure whether there will be a better time to start. Before the market stabilizes, it may continue to fall.