Come join us Telegram channel to stay up to date with the latest news
The Book Of Meme price rose 62% in the last 24 hours of trading $0.02012 as of 1:30 a.m. EST, and it is now up more than 2,000% since its launch on March 14.
BOME’s latest surge came amid news of the listing Binance, the world’s largest crypto exchange, on March 16, sparking speculation about whether some whales who had previously helped push the BOME price into the stratosphere had inside information.
A new wallet raised 12,721 $SOL($2.3 million) from #Binance and bought 314M $BOME at $0.0074 in the last 30 minutes.
Does He know something we don’t know?https://t.co/cDrm9SOtOB pic.twitter.com/g6GbCbZb1L
— Lookonchain (@lookonchain) March 15, 2024
BOME is already the seventh largest meme coin with a market capitalization of almost $1 billion.
Book Of Meme price prediction: a correction is looming
When we look at the Book Of Meme price charts, we see that a potential head and shoulders pattern is emerging, usually a bearish reversal pattern. This is supported by the Awesome Oscillator (AO), which is below zero and appears to be declining in value, indicating that short-term momentum is weaker than long-term momentum, indicating bearish pressure.
On the other hand, the Average Directional Index (ADX) indicator, with a value of 20.95, suggests that the trend strength is moderate. However, the southern trajectory suggests that the bullish trend is weakening.
BOME/USDT 30-minute chart | Source: Trading view
The recent change in trend can be attributed to the fact that whales make a profit. According to statistics from Lookonchain, sundayfunday.sol turned $72,000 into $30.2 million in just 3 days.
The Whale was the largest BOME pre-sale participant, spending 421 SOL ($72,000) to participate in the pre-sale, and receiving 1.43 billion BOME worth approximately $30.6 million currently.
He later sold 190 million BOME for 19,646 SOL ($3.66 million) to take profit, leaving 1.24 billion BOME (26.57 million).
sundayfunday.sol turned $72,000 into $30.2 million in just 3 days $BOME!????
sundayfunday.sol is the largest $BOME participant in the pre-sale, spending 421 $SOL($72K) to participate in the pre-sale of $BOME and received 1.43 billion $BOME($30.6 million currently).
He sold 190 million $BOME for 19,646 $SOL($3.66 million)… pic.twitter.com/4m3spvkI72
— Lookonchain (@lookonchain) March 17, 2024
A promising alternative
While Book Of Meme Price Risks A Correction, Smog (SMOG) has become an established Solana meme coin star, not least because it promises ‘the biggest Solana airdrop of all time’.
Following in the footsteps of successful projects such as Bonk (BONK), Dogwifhat (WIF), Myro (MYRO) and Wen (WEN), Smog aims to surpass its Solana competitors, as indicated by the slogan: ‘one meme coin to rule them . all.”
While no details about the airdrop have been released, the project’s tokenomics show that 35% of SMOG’s token supply is reserved for such events.
Anyone who buys and holds Smog tokens can participate in the airdrop. Investors can also increase their chances of receiving additional free tokens by completing the many missions outlined in Smog’s Zealy campaign to earn airdrop points.
The cryptocurrency’s Zealy campaign has completed more than 1.9 million missions.
I have received $SMOG air droplet $SOL worth $5……..Did you receive it too?
Well, I resold it $YUP and the transaction went smoothly after which I bought it back for a larger amount ????
How $SMOG has managed to stay under the radar for the past month, baffles me ???? pic.twitter.com/lkGO7p1a03
— Takes #IQ50 | ReformDAO (@Takes_ReformDAO) March 8, 2024
Buyers can also stake SMOG tokens to earn a 42% annual dividend. 22.4 million tokens have already been staked.
Despite a steep correction in the meme coin sector in recent days, Smog is still up almost 107% in a month and has over 100,000 holders.
You can buy SMOG tokens using Ethereum, USDT or a credit card.
The best place to buy Smog is on the official website here where you can get a 10% discount. But act quickly, because the offer probably won’t last long.
Related news
New Crypto Mining Platform – Bitcoin Minetrix
- Controlled by Coinsult
- Decentralized, secure cloud mining
- Earn free Bitcoin every day
- Native token now on pre-sale – BTCMTX
- Staking Rewards – Over 50% APY
Come join us Telegram channel to stay up to date with the latest news