NEWS The 1,500% increase in BOME in 30 days will drag Solana to $250

#Solana⁩ moved marginally in the last 24 hours.

The exponential rise of BOME may also help SOL price.

The popularity of meme coins has increased in recent months. One such signal was Book of Memes [BOME], which also helped Solana [SOL] gain a lot of traction.

However, when the market turned bearish, both cryptocurrencies came under the control of the bears.

How Solana and BOME benefited each other

In the last 30 days, BOME showed an incredible performance that also contributed to some extent to Solana's bullish rally.

According to CoinMarketCap, BOME took the market by storm when its value increased by almost 1,500% in the last month. Consequently, SOL also increased by more than 53%.

It was also interesting to see the relationships of the two tokens on the social front.

Notably, AMBCrypto's analysis of Santiment data revealed that social volumes for both cryptocurrencies increased substantially between March 16 and 18.

In fact, they still appear to have continued similar trends at the time of this publication, as prices for both have only moved marginally in the last 24 hours.

While BOME was trading at $0.01461, SOL was worth $196.86. Furthermore, both cryptocurrency trading volumes also fell by 28% and 38%, respectively.

Will history repeat itself?

Since the stocks of both cryptocurrencies were closely related, AMBCrypto planned to check their metrics to find out if they could benefit from each other in the second quarter of 2024.

AMBCrypto analysis of Hyblock Capital data revealed that northbound BOME did not have much liquidation to its all-time high.

Therefore, if BOME really starts a bullish rally in April, the chances of it touching and even surpassing its ATH are high.

Source: Hyblock Capital

So if the price of #bome gains momentum

Will bome be the next shiba inu?