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The Book Of Meme price surged 436% in the last 24 hours to trade at $0.01354 as of 10:45 p.m. EST on trading volume that surged 313% to $2.2 billion.
This comes despite the meme coin sector plunging more than 4% to a market capitalization of $56.7 billion.
Book Of Meme Price Bulls Looking To Drive The Price Higher
The Book Of Meme price has seen a dramatic rise just two days after its launch, with the bulls showing their resilience as the price soared about 23,092% in that time. BOME bulls are registering new highs after very short periods, with the latest being $0.01436, before a slight retrace back to the current price.
The support at around $0.008 acts as the foundation for the bulls to soar the price even higher.
BOME is trading above the 9-day Exponential Moving Average (EMA), which signals a buy signal, likely to propel the price even higher.
Moreover, the Relative Strength Index (RSI) is trading over the 70-overbought region at 75, which is an indication of continued intense buying pressure.
The Moving Average Convergence Divergence (MACD) further supports the bullish prospects, as the moving average line (blue) crosses above the signal line (orange), which represents a bullish crossover. Optimistic investors often use this as a signal to add more tokens, as the price will soar because of this.
Additionally, the green bars on the histogram extend over the neutral line, which shows that the current price trend is on positive momentum. The positive momentum is further supported by the movement of the Average Directional Index (ADX), at 63, showing that BOME is currently on a very strong bullish trend to the upside.
Book Of Meme Price Prediction
The Book Of Meme price analysis shows that the BOME bulls will sustain the bullish rally, with $0.008 acting as the main foundation.
Additionally, the 9-day EMA and the MACD offer bullish prospects for the positive investors, as they encourage the bulls to add more buys, as they target the next resistance level at $0.016.
However, the RSI has already surpassed the overbought region, which may suggest an incoming price correction. In such a scenario, the bull will find a footing at $0.00992, acting as a cushion against downward pressure.
As the BOME price soars, investors are also looking at Dogecoin20 as the next dog-themed meme coin to emulate the success of DOGE and SHIB, with its presale blasting past $600k in quick order.
Dogecoin20 Soars Past $600K – The Next Shiba Inu?
Dogecoin and Shiba Inu have been on top of the meme coin market for a while now, amassing over $22 billion and $16 billion in market capitalization, respectively.
Dogecoin20 (DOGE20) is a new project set to capture the attention of meme coin lovers, coming as the first upgrade of the Dogecoin brand.
https://twitter.com/DOGE_COIN20/status/1768242237266104505
The presale is already attracting more and more investors, having garnered about $634k in about 48 hours as it closes in on its $901k target. Some of the interest may have been fueled by Elon Musk’s remarks at Tesla’s Giga Berlin factory this week, when he said that Dogecoin would eventually be enabled to allow it to make payments to buy Tesla cars.
Being an upgraded version of Dogecoin, DOGE20 uses the Proof-of-Stake (PoS) mechanism, offering quicker, more accessible transactions.
How is #Dogecoin20 different from #Dogecoin?
$DOGE20 is part of the #DOGE family of #Memecoins but it adds more utility and value for holders by introducing staking on #Ethereum for passive rewards. 💰🐕
The '20' in Dogecoin20 stands for 'ERC-20'. 🔢 pic.twitter.com/UV6WOXXTj3
— Dogecoin20 (@DOGE_COIN20) March 15, 2024
Stake $DOGE20, 1,143% Annual Rewards
Additionally, the platform has a staking option where you can earn passively by staking $DOGE20, earning an impressive 1,143% annual percentage yield (APY). Early users have already staked over 2.3 billion $DOGE20 tokens.
https://twitter.com/DOGE_COIN20/status/1768683699120259441
Jacob Bury, a prominent crypto YouTuber, believes that Dogecoin20 is among the best meme coins to buy now and also wonders if it might be the next Shiba Inu.
To participate in the presale, you can buy $DOGE20 for just $0.000146 per token before a price hike in just over six days.
You can buy $DOGE20 on the official Dogecoin20 website, where you can exchange ETH and USDT for $DOGE20, or buy directly with your bank card.
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