The Solana ecosystem started the week sluggish, but has been showing signs of recovery since Tuesday.
Both #Solana and the broader #cryptocurrency market seem to be consolidating as we move into the second half of the week.
Standing out among the top eight #meme coins by market capitalization is BOME, which is up 6% this week, the highest among Solana meme coins.
BOME's price is on the rise - what's next?
The price of BOME is currently around $0.009, having increased by about 6% over the week. However, investors in BOME have found few bright spots as the token's price remains more than 60% below the all-time high recorded in mid-March.
Indeed, in March, BOME was a meme coin with a market capitalization of $1 billion. Today, the market capitalization is only about US$600 million. Nevertheless, this is enough for BOME to be considered one of the best meme coins in the world.
A study of popular traders' opinions on Twitter showed that there is no special excitement around BOME. The small jump in the token's price seems to be related to the recovery of the entire Solana ecosystem this week.
Recall that the entire ecosystem got a boost when the #SOL price soared from a low of around $123 to the current range of $136-138, and BOME seems to have taken advantage of that momentum to stabilize and make a small rebound.
In the short term, BOME may not be able to make significant gains amid the overall rally in the cryptocurrency market. As we approach the end of the month, the token's performance is likely to remain closely tied to the overall health of the cryptocurrency market.
Sealana, a new player in the Solana meme coin market, has raised over $6 million in a pre-sale. Interestingly, even though the pre-sale has ended, investors can still purchase SEAL tokens at a discounted price of $0.022 on the official pre-sale website.
Sealana announced on Twitter that the giveaway will begin at 13:00 UTC on Tuesday, July 2.
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