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- The pre-sale participant took $3.66 million in beneficial properties out of a attainable $30.2 million.
- Bulls took benefit of sellers’ fatigue, and try to drive the worth to $0.030.
- Whereas the market cap dropped to $1.01 billion, volatility remained excessive.
Three days after turning $72,000 to $30.2 million, sundayfunday.sol, the most important presale participant of Solana-based meme coin BOOK OF MEMES (BOME) took some earnings. Based on Lookonchain, the contributors spent 421 SOL to purchase 1.43 billion BOME.
After the worth pumped and the market cap surpassed $1 billion, he bought 190 million BOME for $3.66 million. As of this writing, the dealer nonetheless had 1.24 billion BOME, valued at $26.57 million left.
On March 16, Coin Version reported how the meme coin caught the eye of Binance because the trade introduced the itemizing of its perpetual contract. Moments later, the worth of BOME rallied to $0.0264.
Nonetheless, a ton of the early traders appeared to have taken revenue off the pump. Because of this, the meme coin’s value dropped. At press time, CoinMarketCap knowledge confirmed that BOME modified palms at $0.0198.
BOME Value Prediction
On the 1-hour BOME/USDT chart utilizing TradingView, bulls appeared prepared to assist the worth retest $0.0264. At press time, sellers appear to have been exhausted at $0.0178. Consequently, bulls took benefit of the fatigue and revered the pattern upwards.
Nonetheless, within the construct as much as $0.0264, BOME would possibly encounter an overhead resistance at $0.0226. A profitable breach of this resistance would possibly ship the token to $0.030. But when the token experiences rejection at this stage, the worth would possibly reverse beneath $0.020.
Moreover, the Bollinger Bands (BB) confirmed that volatility across the cryptocurrency remained excessive. A bullish state of affairs with this type of volatility would possibly produce one other 5x for the meme coin.
In a extremely bearish situation, the worth of BOME would possibly plunge again to $0.0178. In the meantime, the Relative Power Index (RSI) remained above the impartial zone. This means that the token nonetheless had some bullish momentum left regardless of the promoting stress it not too long ago skilled.
Regardless of the latest drawdown, BOOK OF MEMES has remained a high 100 cryptocurrency. At press time, it was ranked quantity 97 with a market cap of $1.01 billion. The meme coin is the third Solana-based token to rise into the highest 100 after Bonk (BONK) and dogwifhat (WIF).
Nonetheless, each WIF and BONK have skilled main nosedives these days because it appears liquidity from there moved to BOME. Within the final 24 hours, WIF’s value decreased by 12.92%. BONK, however, misplaced 19.72% of its worth.
Disclaimer: The knowledge introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version is just not chargeable for any losses incurred because of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.