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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.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Bitcoin Faces Resistance After Recent Surge. Bitcoin (BTC) halted after breaking through the $67,000 resistance. Last week, the upward movement reached $72,000 on May 21. As of writing, it has fallen by 5.7% to $67,800. Bitcoin Inflows. A recent report investigated the demand for Bitcoin-backed investment products, with most inflows coming from the US. The recent drop quickly cut the upward trend, showing that bulls are not yet ready to surpass $71,500. However, the long-term outlook remains bullish, and according to one metric, we are only halfway through the bull run. Crypto analyst Axel Adler used Bitcoin MVRV Z scores in a post on X to show that only half of the current cycle is complete. This metric evaluates whether Bitcoin is overvalued or undervalued compared to its fair value. MVRV can mean the market value to realized value, comparing the token's market capitalization to the cumulative capital inflow into the asset. When the former is much higher, it indicates a potential peak. The MVRV Z- score compares the MVRV difference to the standard deviation of Bitcoin's market value. In previous cycles, an MVRV-Z score of 7 or higher marked cycle peaks. Historical Data on BTC. During the recent run, the metric rose to 3.07. This could mean we will see more price increases in the coming months. The group of BTC holders for six months and over saw activity on February 28. The 3-6 month age range was particularly active, showing profit-taking activity from this group. Similarly, those relatively active in the market over the past two months and who recorded a selling move on May 21 when prices rose above $70,000 were the 1-3 month holders. However, most older holder groups did not see intense selling activity on exchanges in April and May. This is because the expectation of a post-halving price increase in crypto currency has not yet disappeared.
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