[Can BOME replicate SHIB’s previous success? 】
Shiba Inu Coin (SHIB) exhibits similar fractal patterns to Book of Memes (BOME), possibly suggesting that BOME will repeat SHIB’s rally. After breaking out of a downtrend in late 2020, SHIB surged more than 1,300% in early 2021, becoming a success story in the meme coin market.
Currently, BOME has broken out of the downtrend line, showing a trend similar to SHIB’s early days. If this pattern continues, BOME may achieve significant value growth. The upside potential is estimated to be between 60% and 80%. Market momentum is accumulating and traders' interest in it is gradually increasing.
However, a large investor recently exchanged 109 million BOME for approximately 92 million MOODENG (worth $3.7 million), raising questions about the future trend of BOME. This reallocation of assets may reflect the investor's confidence in MOODENG, or a strategic diversification of investments.
This behavior may indicate the risk of BOME prices falling, but it may also drive demand and prices for MOODENG up. Investors should continue to observe market dynamics and major capital mobilization to judge future trends.
