🔥💥Will BOME Displace BONK With Double Digit Flows?
The BOME has seen renewed inflows, driven by the positive US Consumer Price Index ( CPI ), which has reversed market sentiment. The broader crypto market has witnessed renewed flows, with Bitcoin reaching $67,000. These increases led to a general rise in memecoin prices.
#BOME and #BONK recorded inflows that erased some of the previous losses recorded due to market fluctuations. However, although BONK is a bigger asset, BOME has recorded higher flashy futures inflows, with bulls predicting more flows similar to the figures for the first quarter of 2024.
At the time of writing, BONK is the sixth largest memecoin by market capitalization, while BOME closely follows it in seventh place. The market capitalization of both assets stands at $ 1.68 billion and $ 849 million, respectively. BOME saw an 8% daily inflow and pushed its price to $0.01235. The weekly rise of the asset exceeds 20%, while the 30-day movement is at 49.4%.
This giant leap of the asset ignited the bullish momentum, with BONK becoming the next asset. Although the difference between market capitalization is huge, some users believe that a price increase that will continue in 12 months can make significant progress.
BOOK OF MEME's daily volume also saw an increase of $498 million in daily volumes as users poured money into risky assets. The Solana memecoin craze has led to an increase in assets as the cryptocurrency continues to outpace the market.
BONK Is Recording Streams
Although BOME's short-term flow was significantly higher, BONK recorded a larger asset and reasonable flows relative to its market capitalization. In the last 24 hours, the asset increased by 6.8% to the price of 0.000025. This week saw an increase of 11% and continues its monthly flow of 78% compared to the previous one.
