Bome's current market value in circulation is about 630 million. Will it become the next Pepe? ? ?
The Finance Minister directly talks about what currency friends are concerned about.
When will we see an increase of more than 10 times like pepe did in February and March this year?
It has been more than a month since Binance opened. This is more than a month. You can carefully observe whether the daily and weekly lines of BOME are almost the same as the previous trend of pepe after the opening of Binance. It is just that there may be some differences in time. The past month or so has been filled with shock and reshuffle. It is necessary to clean up the profits made in the three days before listing on Binance and reach a new price consensus.
Why do I compare these two? Because there are indeed many similarities in the market making techniques of these two.
Looking back at pepe's previous listing on Binance, the market washout, and the big rise, it basically followed the pace of btc. The same goes for bome now. When Bitcoin falls, Bome also falls; when Bitcoin rises, Bome also rises. So this is why I said before that we should learn to improve our understanding of Bitcoin. Because they all look at the big cake’s face.
Then the previous low point of bome was in the range of 0.0072-0.0082 (the circulating market value of this price is about 420 million). Some currency friends who copied this bottom must be happy, and now it has risen. Those who didn’t copy it will definitely ask whether it will reach this range or even lower in the future.
As I said before, look at the face of the pie. Will btc fall in the future? For example, it may test 56,500 for a second time or even lower.
