One more Solana-based memecoin has made the headlines by surging greater than 5000% in a day. BOOK OF MEME (BOME), gained large consideration from buyers and merchants because the token recorded a market cap of over a billion through the second day of its commerce. With this, the memecoin has made an official entry into the highest 100 cryptos with an iconic rise of practically 372% prior to now 24 hours. Furthermore, the token is the fifth most traded token, excluding stablecoins, with a quantity of over $3.5 billion.
Having mentioned that, ought to this be a matter of concern for the opposite high memecoins like DOGE, SHIB, PEPE, FLOKI, BONK, or WIF?
Ever because the PEPE value triggered a large rally, virtually all of the memecoins have gained mainstream consideration. Quickly after this, Shiba Inu, Bonk, and Dogecoin, together with Floki, surged magnificently, which was adopted by a newly launched memecoin, dogwifhat (WIF). Due to this fact, the memcoin mania seems to have gained the higher hand, which can escalate with the token being listed on the favored exchanges.
It must be famous that quickly after Binance announced the listing of BOME, the worth started to consolidate. This sample has been seen beforehand with Shiba Inu, Floki, and Pepe, the place the costs confronted important promoting strain after being listed on Binance. At present, the BOME value has dropped over 17% from its highs and is anticipated to keep up a sideways development for some time.
Apart from, the memecoin leaders, Dogecoin and Shiba Inu, are out of attain of BOME, whereas Pepe, dogwifhat, Floki, and Bonk could also be changed by BOOK OF MEME if the bulls stay lenient on the newly launched memecoin. Now that the crypto house is filled with surprises, one wants to attend and look ahead to the following value motion.