Search Inside Bitcoins

Book Of Meme Price Prediction: BOME Plunges 41% As Meme Coin Mania Stalls, Yet This New DOGE ICO Raises Almost $3M In 5 Days

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Book of Meme
Book of Meme

Join Our Telegram channel to stay up to date on breaking news coverage

The Book of Meme price slumped 41% to trade for $0.011537 as of 03:55 EST time on trading volume that soared 35%.

BOME peers in the meme coin sector are also down by double digits, with the Bitcoin of meme coins, Dogecoin, sliding 11%.

Meme coins

Top meme coins by market capitalization

The Book of Meme price exploded 292% on Saturday to record a market cap of $996 million following an announcement by Binance that BOME was listing on its spot market. This was after the trading platform introduced the meme coin in the futures market earlier.

The ‘buy the rumor sell the news’ situation played out, seeing the meme coin crash after a strong surge.

While the Book of Meme price is crashing on Binance, the outlook is different on Atlantis Exchange, where it has skyrocketed over 180,000% following a recent listing.

Book Of Meme Price Prognosis

The Book of Meme price remains within the confines of a descending parallel channel after recording lower highs and lower lows. The outlook from a technical perspective shows that the market is leaning in favor of the downside.

Both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) are in negative territory. This shows the bears are leading the BOME market.

If seller momentum continues to supersede buying pressure from the bulls, the Book of Meme price could correct on the lower timeframe. If this happens and the midline of the channel gives out, the Book of Meme price could test the bottom of the market range at $0.007232.

BOME

TradingView: BOME/USDT 1-hour chart

On the flip side, the Relative Strength Index (RSI) is ascending, showing the bulls are increasing their buying pressure. If they prevail, the Book of Meme price could shatter above the upper boundary of the ascending channel, which coincides with the 23.6% Fibonacci retracement level of $0.012480.

Enhanced buyer momentum above this level could see the Book of Meme price confront the 38.2% Fibonacci retracement level at $0.015727. In a highly bullish case, the altcoin could shatter the 50% Fibonacci placeholder at $0.018351. A decisive candlestick close above this level on the daily timeframe would encourage more late bulls and sidelined investors to come in.

Amid an ongoing meme coin crash, a new player has forayed into the space. DOGE20 is the latest ICO, giving investors a low-bar entry into a very rewarding ecosystem.

Prepare for the ultimate Doge upgrade as the project creates a 2.0 version of the meme coin loved by Elon Musk.

Promising Alternative To The Book Of Meme

Marking the latest and greatest addition to the Doge family of meme coins, $DOGE20, the ticker for the Dogecoin20 ecosystem, advertises itself as an upgrade of the dog meme coin. It is committed to becoming the next Dogecoin (DOGE) or Shiba Inu (SHIB), the ranking veterans in the meme coin space.

https://twitter.com/DOGE_COIN20/status/1768242237266104505

Embracing its ERC-20 status, Dogecoin20 is built into the Ethereum chain, diverging from its predecessor’s native network. This move not only facilitates seamless staking rewards but also amplifies market exposure owing to Ethereum’s widespread adoption.

The $DOGE20 presale debuted last Thursday, gaining remarkable traction in a matter of days.

While its exterior looks similar, there is a brand new mechanism under the hood. For Dogecoin20, it is out with mining and in with the latest blockchain technology in the form of proof-of-stake block verification.

The new meme coin also goes one better on the original by offering a staking option, which means holders can generate passive income.

DOGE20 Among Top Presales Right Now

More than $2.8 million has already been raised since the presale went live just days ago.

The token is available for purchase at $0.0002, with a price increase coming in less than three days. Investors can buy DOGE20 using ETH, BNB, or USDT.

Visit and buy DOGE20 here.

Also Read:

Most Searched Crypto Launch - Pepe Unchained

Rating

Pepe Unchained
  • Layer 2 Meme Coin Ecosystem
  • Featured in Cointelegraph
  • SolidProof & Coinsult Audited
  • Staking Rewards - pepeunchained.com
  • $40+ Million Raised at ICO - Ends December
Pepe Unchained

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Please enter Coingecko Free Api Key to get this plugin works