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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%.
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.
#Binance will list @Darkfarms1 $BOME with Seed Tag applied.
👉 https://t.co/GOtazMmfBk pic.twitter.com/fMUligOan6
— Binance (@binance) March 16, 2024
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.
📣 $BOME Skyrockets by 180,000% on Atlantis Exchange, Hits $3.60 per BOME in First-Day Trading! 🚀🚀🚀
✅ Max Increase: 180,000.00%
✅ Highest Price: $3.6000
✅️ Starting Price: $0.0020
✅ Basic information:
1) Trading Pair: BOME / USDB
2) Trading URL:… pic.twitter.com/ge7lwfu9x5
— Atlantis Exchange (@Atlantis_Ex) March 19, 2024
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.
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.
Elon Musk at Giga Berlin today.
“When will I be able to buy a Tesla with dogecoin?”
“At some point I think we should enable that.” 😂🔥 pic.twitter.com/Suk7bifuHC— Sir Doge of the Coin ⚔️ (@dogeofficialceo) March 14, 2024
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.
🐕 While #Dogecoin enjoys popularity, its future value has been constrained by an infinite supply, constantly adding more #Tokens to the market. 💎#DOGE20 addresses this by introducing a fixed supply, enabling unrestricted upward pressure on the token price. 🚀🔄#Memecoins pic.twitter.com/xCwaVz0T1J
— Dogecoin20 (@DOGE_COIN20) March 19, 2024
DOGE20 Among Top Presales Right Now
More than $2.8 million has already been raised since the presale went live just days ago.
Boom!!! 💥
Another milestone in the bag for #DOGE20! 🎉🐶
We have just raised over $2,000,000! 💰
The excitement never ends with #Dogecoin20, stay tuned for more! 🚀#Memecoins #Altcoins #Crypto #Web3 pic.twitter.com/28AWvdtrGZ
— Dogecoin20 (@DOGE_COIN20) March 18, 2024
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.
By utilizing smart contracts powered by #Ethereum, #DOGE20 transcends being just a #Memecoin. 🐶💰
Bringing passive reward potential to the #Crypto Community! 🌟
Harnessing the power of your $DOGE20 #Tokens by #Staking and earning rewards. 💸 pic.twitter.com/19BxjvI2JJ
— Dogecoin20 (@DOGE_COIN20) March 14, 2024
Also Read:
- Dogecoin20 Price Prediction – DOGE20 Price Potential in 2024
- How to Buy Dogecoin20 – DOGE20 Presale Review
- New Cryptocurrency ICO Dogecoin20 Launches With $250,000 Raised On Day One – Next Big Meme Coin?
- Best Meme Coins to Invest in: Top Picks for Exponential Gains!
Smog (SMOG) - Meme Coin With Rewards
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- Featured On Cointelegraph
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