SOL-Based Meme Coin BOME Surges Amid Solana ETF Filing as This Layer 2 Meme Coin ICO Raises $1.5 Million
BOME drives Solana meme coin’s recovery amid ETF speculation, experiencing a price surge in the past 48 hours. Similarly, the… Continue reading SOL-Based Meme Coin BOME Surges Amid Solana ETF Filing as This Layer 2 Meme Coin ICO Raises $1.5 Million
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BOME drives Solana meme coin’s recovery amid ETF speculation, experiencing a price surge in the past 48 hours. Similarly, the new $PEPU meme token has raised $1.5 million in its presale.
Aside from BOME, other Solana-based meme coins saw a slight increase despite the bearish market trend and the decline in meme coins.
This ETF’s potential has increased optimism within Solana’s ecosystem, resulting in higher trading volumes for its associated meme coins.
Another meme coin making waves is the new Pepe Unchained, which has generated significant hype by surpassing $1.5 million in its presale.
Since many of you have been closely following the BOME and $PEPU projects, it’s time to provide a quick update on recent developments and future possibilities.
BOME price analysis by Cilinix Crypto
BOME recently displayed bullish signs, particularly with a strong breakout two days ago on the 12-hour timeframe. This breakout occurred above key resistance levels at $0.0098 and the psychological barrier of $0.01.
Previously, BOME was in a downtrend. However, it formed a bullish pattern with a double bottom and a bullish divergence on the RSI, suggesting a potential reversal. The 4-hour timeframe offers a closer look at the breakout and potential entry points.
The breakout zone coincides with a confluence of support levels: the psychological support at $0.01, the trend line, and the 0.236 Fibonacci retracement level of the recent decline. Several EMAs (100, 28, and 50) also converge around this area, further strengthening this support zone.
While these technical indicators paint a bullish picture, caution is necessary. The broader market, especially Bitcoin’s price currently below $62,200 (a key resistance level), might hinder a strong BOME rally.
Therefore, entering a trade around the support zone with a target of 3:2 or 2:1 Fibonacci levels might seem attractive, but waiting for confirmation is crucial.
BOME price prediction
Despite a bearish start in the last 24 hours, BOOK OF MEME (BOME) reversed course after news of a filing (details of the filing not mentioned here for brevity). This surge propelled BOME to the top gainer spot on CoinMarketCap, reaching a 7-day high of $0.01073.
The price action has been volatile, with BOME fluctuating between $0.01073 (intra-day high) and $0.00901 (intra-day low). At the time of writing, BOME sits at $0.0097, reflecting a 5% increase from its 24-hour low.
The recent rally saw a surge in both market capitalization (up 16% to $736,722,054) and 24-hour trading volume (up 124% to $179,342,372).
However, it’s important to consider BOME’s historical price range. It reached its all-time high of $0.028 on March 16, 2024, but also dipped to a low of $0.00085 just two days prior. Since then, the lowest price recorded was $0.007192, while the highest was $0.015846.
The Fear & Greed Index currently shows a neutral score of 47 for BOME, suggesting reasons to be cautiously optimistic about its potential price rise in July.
Firstly, BOME has exhibited strong performance recently, with 16 positive daily gains out of the last 30 (53% win rate). This consistent upward movement suggests healthy demand and investor confidence in the project.
Secondly, BOME’s high liquidity is evident from its substantial market capitalization of over $670,000 and robust 24-hour trading volume of around $87,000. This indicates the coin is actively traded and can handle large transactions without major price fluctuations.
These factors combined suggest a positive market outlook for BOME. However, it’s important to remember the recent volatility and the coin’s distance from its all-time high.
Further developments related to the filing and broader market trends will likely influence BOME’s price trajectory in July. You can explore our guide here for more information on the top altcoins.
Cilinix Crypto reviews new presale featuring Layer 2 advantage
Pepe Unchained (PEPU), currently in its presale phase, continues to attract a large influx of investors without any signs of slowing down. Driving this interest is a revolutionary layer-2 chain designed specifically for meme coins, igniting fresh enthusiasm within the crypto community.
At its core, $PEPU operates on a robust ecosystem centered around the Pepe Unchained layer-2 chain. Whether due to its modest initial market cap or its focus on utility, Pepe Unchained offers a compelling alternative to existing meme coins.
For instance, Pepe, which runs on Ethereum, faces issues like high transaction costs and delays. Pepe Unchained tackles these challenges by leveraging its dedicated layer-2 chain tailored for meme coins, enabling faster and more cost-effective transactions compared to popular blockchains like Ethereum.
For meme coin investors and traders, timely decision-making is crucial in the fast-evolving market. This underscores the significance of a layer-2 chain like Pepe Unchained, which facilitates capitalizing on rapid price changes by eliminating network congestion and high gas fees.
Pepe Unchained boasts processing transactions a hundred times faster than Ethereum, along with supporting instant bridging and handling higher transaction volumes. If the platform unfolds as envisioned, it promises to become an ideal chain for the dynamic world of meme coins.
The presale has already raised $1.5 million. Currently, investors can purchase $PEPU at $0.0081613, with expectations of this price rising as the campaign progresses. Investors also have the opportunity to stake their $PEPU tokens to earn passive income during the holding period.
At the time of writing, the staking Annual Percentage Yield (APY) stands at an impressive 1,338%, likely to adjust over time with increased investor participation. Presently, 119 million $PEPU tokens are staked.
For updates on the presale, reward claiming, and exchange listings, follow Pepe Unchained on X and Telegram. To take part in the $PEPU token presale, visit pepeunchained.com.
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The post SOL-Based Meme Coin BOME Surges Amid Solana ETF Filing as This Layer 2 Meme Coin ICO Raises $1.5 Million appeared first on ReadWrite.