#What is a meme coin and why#BOMEis so popular
Chinese translation meme is meme
Memes refer to cultural elements that are widely circulated on the Internet, usually **images, videos, jokes, or other forms of content** that are repeatedly forwarded, imitated, modified, or created new versions by users. These memes can spread **quickly** on **social media, forums, chat apps** and other platforms and generate a lot of **discussions and shares** over a period of time. Simply put, it is traffic.
Currently, the meme coin with the highest market value is Dogecoin (GOGE). Dogecoin originated from an Internet joke. It was founded by two software engineers, Billy Markus and Jackson Paimer, as a mockery of Bitcoin. Dogecoin has reached US$0.01 from US$0.0021 in 2019 to the early stage of the cryptocurrency bull market in 2021, an increase of 5 times, and has reached US$0.64 at the peak of the bull market, an increase of 64 times. Whether it is Bitcoin or Ethereum and other No currency has experienced such a big increase. The earth dog has turned into a golden dog. It is indeed an era when traffic is king.
Yesterday’s BOME coin ignited the FOMO (Fear of Missing Out) sentiment in the market. In fact, I watched it double and double since March 15th, and finally I couldn’t stand it anymore. It entered the market on a pullback in the middle of the night and doubled the next day. It’s really like “value investing is all in vain, and stud dogs become rich.” If you send only 1 sol token in the $BOME pre-sale, you will receive $100,000 in just 72 hours today! There is a difference between the primary market and the secondary market, which will be discussed later.
BOME, the full name of "Book of Meme", is an innovative project based on the Solana network and initiated by the well-known encryption artist Darkfarms. He calls himself an "art master/graffiti master" and has become a very influential figure in the crypto art world. This is one of the reasons for the explosion of popularity, the "celebrity effect."
On March 10, the project was mentioned for the first time and teased in a light and humorous way. Darkfarm started the pre-sale of BOME by sending SOL to the designated Solana address. To Darkfarm’s expectation, the BOME project raised more than 10,000 SOL within 24 hours, far exceeding the initial expectation of 500 to 600 SOL. , as more investors joined, Darkfarms told people to stop sending SOL.Here is the knowledge about flow pools