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The Book of Meme price surged 9% in the last 24 hours to trade at $0.01127 as of 4.40 a.m. EST on trading volume that jumped 30% to $393.9 million.
BOME is a popular meme coin that aims to immortalize memes by recording them on the blockchain. The project has been one of the highest gainers ever since it launched, and it used every opportunity to grow and boost in price.
Top mover second day running for $BOME
Doing more in 24h volume than all other meme coins outside of the top 3 💡 pic.twitter.com/mYsHRgfhWK
— WATASHI CRYPTO (@watashicrypto) July 29, 2024
Even right now, while many meme coins and other cryptos plunge, BOME is seeing a price surge that has taken it to the highest point it has seen in the past month.
Book of Meme did not report any major developments that would influence its price recently, so the surge that it is currently experiencing likely comes from traders’ own bullishness on the project.
Book of Meme Price Prediction
The Book Of Meme price skyrocketed over the last two days, reaching the highest point in the last 30 days. However, many are wondering if is there still time to buy BOME now or if the opportunity already passed.
The project’s technical indicators are showing signs of extreme bullish sentiment, with the Bollinger bands seeing a major widening. The token’s price continues to push the upper band further up, which is also a bullish sign.
However, when it comes to the token’s Relative Strength Index (RSI) value, it has already ventured into the overbought area. While this is a bullish signal that shows that traders and investors are buying the token, whenever the RSI goes beyond the value of 70, many see it as a sign that they should start selling.
Book of Meme Price May Drop
Right now, the RSI value has reached the value of 75.6, which might cause crypto users to take profit instead of HODLing, in which case the price is likely to start dropping. With the rest of the market currently seeing a correction, a sudden sell-off could cause BOME to fall in line with other cryptos and start correcting as well.
For the moment, this is only speculation, and it is just as possible that the bulls will stay strong and continue pushing the BOME price further up. But, the project seemingly encountered a resistance at the price of $0.011, and it remains to be seen whether or not it can breach it.
A Promising Alternative to Book Of Meme
While Book of Meme seems like it still has some strength left, some may argue that it has already skyrocketed high enough for it to be too late to enter now.
That might make now a good time to look for a promising alternative. One such opportunity might well be Shiba Shootout (SHIBASHOOT), a Shiba Inu derivative that puts the popular dog coin into a Wild West setting.
The project has become extremely popular, especially with the launch of a basic version of its game, Shiba Sharpshooter, which is currently available on the Google Play and the Apple App Store alike.
The game introduces new characters like Marshal Shiba, as well as the fictional town of Shiba Gulch, where the gameplay takes place. You can download and play the game right now, but soon it will receive a Web3 update, turning it into a P2E game with the SHIBASHOOT token as its currency.
BOOM!!! 🎉
Another huge achievement for #SHIBASHOOT 🐶
We've successfully raised over $800,000! 💵
The excitement with #SHIBASHOOT keeps growing, stay tuned for more updates! 🚀 pic.twitter.com/l6hZyaHhjk
— shibashootout (@shibashootout) July 29, 2024
Even popular crypto YouTube channels such as 99Bitcoins are getting excited over the token, believing that it has 100x potential. It has already raised more than $833k.
Shiba Shootout tokens currently cost $0.0197 each. A price hike is due in less than 4 days so buy before then for the best deal.
Visit the official SHIBASHOOT website here.
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