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Main reasons why the price of Book of Memes (BOME) increased almost 20 times

Tendency

appeared first on Coinpedia Fintech News

The new memecoin Book of Meme (BOME) based on Solana has become a revolutionary coin, along with all other crypto and memecoin pushes. In just 48 hours, BOME’s meteoric rise has stunned the crypto world.

Let's take a look at what's behind this unprecedented surge.

Book of Memes – The New Meme Piece Based on Solana

Book of Meme is the latest entrant into the meme coin arena, launching on the Solana blockchain. BOME is unique because it offers users a mix of memes, trading and gaming options as well as decentralized storage.

The remarkable rise of Book of Meme and why?

The Book of Meme, launched on March 10, 2024, saw a remarkable 420% increase in value, pushing its price to $0.02255. With a market capitalization of $1,230,304,731, BOME quickly climbed in just two days to the 81st position on Coinmarketcap, reaching a market capitalization of $1 billion.

The number one reason for this surge is enthusiasm and FOMO –

BOME's trading volume increased by 280% to $3,448,195,869 in the last 24 hours. Analysts believe this rise is mainly fueled by fervent enthusiasm for memecoin. Large whale transactions have significantly fueled BOME's price surge, such as the recent sale of 25,828,310.48 BOME tokens worth $335,768.03. Book of Meme tokens achieved a successful presale even before their launch. The Book of Memes presale garnered 10,131 SOL, reflecting widespread investor interest, particularly from China and the UK. We believe many crypto members who wanted to miss the increase

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