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BOME experienced significant development some time ago. Because the increase exceeds 100%, this meme coin is one of the best sole meme coins, along with WIF. However, like meme coins in the crypto market, BOME also experienced a fairly drastic decline.The event made investors reconsider whether to hold on to or sell BOME and turn to more convincing meme coins like HUMP.
The price of BOME surged dramatically earlier because it was further bolstered by the wider uptrend in the Solana ecosystem. Investor interest in Solana-based altcoins, such as BOME, has increased because of the recent price boom of Solana and associated projects, including Jupiter (JUP), which increased by almost 50% in a single day. The price of Solana increased by about 15% on March 16, 2024, indicating growing investor confidence in the promise of cryptocurrencies.Furthermore, a significant number of BOME transactions were reported by the on-chain analytics platform Lookonchain, indicating insider knowledge. According to Lookonchain's transaction log for the past 30 minutes, a wallet took out 12,721 SOL, or $2.3 million, from Binance and used it to buy 314 million BOME for $0.0074.On March 19, though, BOME had a sharp drop that resulted in 50%. In contrast, BOME traded with a volume of $2,367,455,325 in the past. Following the meme coin's value collapse, 340 million BOME tokens were sold in a big transaction.
The most recent Solana-based meme coin is called Book of Meme (BOME), and it was created on X by the mysterious crypto artist Darksfarm1. With its combination of decentralized meme trade and storage, the project aims to revolutionize Web3 culture by building an everlasting meme storage system. It seeks to ensure that memes are preserved on the blockchain indefinitely and continue to be a part of our digital legacy.
BOME has a number of intriguing properties, including:
Longevity: Memes licensed under CC0 are intended to have a lasting home here, protected and available to succeeding generations.
Decentralization: BOME guarantees that memes are not under the control of a single party by keeping them on the blockchain.
Utility: BOME offers useful tools for creating and disseminating memes in addition to being a meme coin.
Nevertheless, the BOME continues to decline. The significant price correction in the cryptocurrency market following the FOMC meeting is one of the primary causes of BOME's decline. This correction is expected following a significant rally, albeit it may happen quickly or gradually.The meme coin's presence contributed to Solana's price increase even though it declined. It is reported that Solana climbed by $17.8 million, surpassing the gain of $17.5 million that Bitcoin experienced. Solana now commands a price that many of her admirers had only imagined.
Due to the decrease in BOME's value, investors are searching for alternatives. HUMP is one currency meme that gets noticed. Because it now ranks among the greatest single memes, this recently released meme coin has been successful in picking the interest of numerous parties.Of course, there are a number of reasons why interest in the meme coin could shift. This shift in focus could be the result of a number of things, including shifting market sentiment, fresh HUMP project advancements, or just speculative activity among the cryptocurrency community. Large holders of tokens based on Solana, known as "solana whales," appear to have shifted their focus and investments to HUMP, which has resulted in a decrease in BOME's prominence.Societal trends, speculation, and investor mood are some of the variables that frequently impact the dynamics of the cryptocurrency market, in addition to the technology and usefulness of a certain coin. Because of this, currency popularity can fluctuate quickly as people's focus moves from one project to another.
Website: https://hump.io/
Twitter: https://x.com/Humptoken
Telegram: https://t.me/humptoken
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