Meme coin sensation Ebook of Meme (BOME) loved a 345% improve in worth over the previous 24 hours, bringing its value to $0.02703.
The coin’s buying and selling quantity has soared by 262% to succeed in $3.8 billion, inserting it at ninth on the listing of the most-traded cryptocurrencies out there in the present day.
Since its market debut on March 14, BOME has skilled a meteoric rise from its all-time low of $0.00005848, leaping greater than 39,000% inside simply 48 hours.
This surge has catapulted BOME’s market cap to an astounding $1.25 billion, enabling it to pressure its method into the highest 100 greatest cash by market cap and the seventh largest amongst meme coins.
The coin at the moment has a circulating provide of 55,199,727,655, in opposition to a most provide of 68,999,659,569.
In keeping with market watchers, key drivers of BOME’s success embrace its pre-sale that far exceeded expectations in its neighborhood, elevating 10,131 Solana (SOL), and its listings on main exchanges like KuCoin, Gate.io, and Crypto.com.
Even Binance has determined to leap on the bandwagon, asserting on March 16 that it will likely be itemizing BOME.
The crypto change is providing 4 spot buying and selling pairs for the meme coin, together with BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY.
Whereas the meme coin’s efficiency out there has been trigger for pleasure for some crypto merchants, others are ruing missed alternatives for even bigger windfalls.
As crypto.information reported, one such investor bought their BOME tokens a day earlier than their dramatic value leap, which might have turned their $8,000 funding into almost $1 million.
In the meantime, influencer Moataz Elsayed claims to have seen different merchants make astronomical positive factors, highlighting the risky but probably profitable nature of meme coin investments.
Behind BOME’s shocking success is Darkfarms, a pseudonymous artwork producer who claims they launched the undertaking with out foreseeing the great response it might garner.
Per the creators, the undertaking’s subsequent step can be to concentrate on enhancing liquidity and making certain BOME’s place as a mainstay of the meme coin panorama.