BOOK OF MEME (BOME) surges 41.3%: What’s next?
BOOK OF MEME (BOME) is up 41.3% in the last trading session, showing strength amid the efforts of bullish holders. As of press time, BOME was up 41.3%.
Trading at $0.1544, it also topped the Solana memecoin trending chart last session. In terms of growth, the asset surpassed Dogwifhat and Slerf over the same period, while the other two remained in the red zone.
Over 275% this week, BOME prices have maintained steady gains this week despite slow market growth as the broader market corrects. The Solana memecoin is trending upward with a gain of 276% in the past seven days. This can be seen in the recent inflows into memecoin. BOME has a market capitalization of $853 million and daily trading volume of $1.4 billion.
In the social media space, the BOME community is quite bullish on the asset, although a few have hinted at a sale for a quick profit. The broader Solana memecoin market showed a 7.2% drop in market cap and lower trading volume. Top gainers last session included Cheems, up 82.3%, followed by BOME and Potato, up 41.3% and 19.8% respectively.
Larger Solana memecoins such as Dogwifhat and BONK remain in the red zone, with daily losses of 5% and 4% respectively. Last week, the two assets gained 23% and 24.1 respectively. This is in stark contrast to BOME's astonishing growth.
What's next?
Despite the abundance of bearish noise, most digital asset commentators believe the asset will rise following its recent market performance. Following the buzz surrounding the coin’s rally, which saw it rise over 276%, other Solana memecoins have struggled. Cryptocurrency user Bull_BNB believes users can generate utility from the current pump.
“The season isn’t over yet. It’s just beginning. $Bome starts pumping, that’s how useful it is. $Slerf is attracting more and more community members. $Smole devs don’t know what to do with LP. So it Pretty solid. So right now, there are only two winners in the sol meme space."
