BOOK OF MEME: Investors rush to buy as BOME pumps 61%
Release: 2024/10/16 21:39 Reading: 860
BOOK OF MEME and Pepe Unchained Surge in Meme Coin Market
BOOK OF MEME Leads Gains
BOOK OF MEME has emerged as a standout gainer in the meme coin space, surging 61% this week. Despite remaining 62% below its all-time high, the token has broken a six-month downtrend.
Technical Analysis
BOOK OF MEME's recent momentum shift has analysts optimistic about further gains. Its price action against WIF indicates an inflection point, with BOME posting a sharp ascent while WIF saw only marginal increases.
BOME is also closing the gap on Ethereum meme coins like Mog Coin and First Neiro On Ethereum. While BOME gained 20% today, Mog Coin remained flat and First Neiro On Ethereum rose by 4%.
Potential Volatility
Despite its strong rally, there is some risk of bottom buyers taking profits and rotating into other meme coins. However, crypto trader Bluntz predicts that the BOME bull market is just beginning.
Bluntz believes BOME could reach highs of $0.03 in early 2025. Other analysts, like Solberg Invest, have identified $0.021 as a potential target.
Pepe Unchained Presale
Amid the meme coin surge, Pepe Unchained has garnered significant attention. Its presale has raised nearly $20 million, fueled by investments from large whales.
The project aims to create the first Pepe-themed Ethereum layer 2 blockchain with a dedicated bridge, block explorer, staking, and more. Its low fees and high speeds make it a potential competitor to Solana meme coins.
Token Details
Investors can acquire PEPU tokens during the presale at a discounted price of $0.00999. The price will increase throughout the ICO, with the next hike scheduled in one day.
Disclaimer: This article does not constitute investment advice. Investors should conduct their own research before making any investment decisions.
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