Current Market Capitalization of BOME Coin
As of now, the market capitalization of BOME coin is around $563,907,127. This impressive figure reflects the growing interest and investment in this meme-based cryptocurrency.
Historical Price Trend of BOME Coin
Live Price
BOME has seen significant price movements since its inception. It experienced a substantial surge in early 2024, showing a 399.12% increase since the start of the year. Predictions indicate a further increase of 122.51% by the end of 2024. For more on fluctuating crypto prices, check out our Avalanche (AVAX) Price Prediction.
Trading Volume of BOME Coin
BOME’s trading volume is highly volatile. Recently, it recorded a 24-hour trading volume of $105,114,615.89. This high volume underscores the active trading and interest in BOME within the crypto community.
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Key Factors Influencing BOME’s Price
Several factors drive the price of BOME coin. These include its successful pre-sale, listings on major exchanges, and innovative marketing features like perpetual futures contracts. These elements collectively contribute to its price volatility and growth.
Developers and Influencers Behind BOME Coin
BOME was created by Darkfarms, an artist renowned for his contributions to the meme coin community, especially through creating popular Pepe memes. This creative backing adds a unique touch to BOME’s appeal.
Total and Circulating Supply of BOME Coin
- Total Supply: 69,000,000,000 BOME
- Circulating Supply: 55,200,000,000 BOME
Social Media Sentiment on BOME Coin
The sentiment around BOME on social media is mixed. While some highlight its potential and recent price surges, others express concerns over its volatility and speculative nature. For more on social media sentiment in crypto, visit our Roobet Comprehensive Guide.
BOME Coin’s Performance Compared to Other Cryptocurrencies
In the past week, BOME has underperformed the global cryptocurrency market, showing a decline of -17.40%. However, it has outperformed similar meme cryptocurrencies, which have seen a -18.90% decline. Over the last month, BOME has underperformed against Ether (ETH), going down by -28.80% compared to the broader market’s -9.20%.
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Technical Indicators
Technical indicators suggest a bullish trend for BOME. The Relative Strength Index (RSI) at 42.52 indicates sellers still have control, but buyers are gaining momentum. The Moving Average Convergence Divergence (MACD) is positive, hinting at potential upward price movements.
Partnerships and Endorsements for BOME Coin
BOME has seen significant support from major exchanges. Notably, Coinbase announced the addition of BOME’s perpetual futures, boosting its visibility and trading volume. This support has been crucial in enhancing BOME’s market presence.
Recent News
BOME has been listed on major exchanges like Binance and Bybit, leading to a surge in its price and market capitalization. Discussions around the coin’s governance and community engagement have highlighted its active role within the ecosystem. For more on recent crypto news, read about Polkadot’s Future.
Liquidity Comparison
BOME boasts a high liquidity ratio with a 0.37188 volume-to-market cap ratio. This suggests it has sufficient liquidity compared to other assets, making it a more stable investment option in the volatile crypto market.
BOME Coin’s Role Within the Ecosystem
BOME plays multiple roles within its ecosystem. It serves as a currency for transactions, a governance token for community decisions, and a medium for engaging with meme culture through decentralized storage solutions. It also facilitates trading and gambling activities in a meme-centric financial ecosystem.
Regulatory Considerations
The regulatory landscape for meme coins like BOME is still developing. The lack of clear legal frameworks poses challenges for investors and creators. Regulators are still determining how to classify these tokens, whether as securities, currencies, or commodities.
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Common Criticisms of BOME Coin
Meme coins, including BOME, often face criticism for their volatility and lack of intrinsic value. Concerns also arise over potential market manipulation and the environmental impact of the energy-intensive mining processes associated with blockchain technologies.
Market Interest in BOME Coin
BOME has attracted interest from derivatives traders, with a notable increase in open interest for BOME futures. This growing interest among investors suggests a promising future for the coin.
Notable Whales in the BOME Coin Market
Large holders, or “whales,” have a significant impact on BOME’s market. Recently, a Solana whale made a substantial purchase just before BOME’s listing on Binance, highlighting the influence of major players on its price.
Price Predictions for BOME Coin
Short-term predictions suggest modest growth for BOME, potentially reaching around $0.018 by the end of 2024. Long-term forecasts are more optimistic, with some analysts predicting BOME could hit $1 by 2030. However, these projections are speculative and should be approached with caution.
For more insights and updates on cryptocurrency trends, don’t miss our Polygon (MATIC) Price Prediction and other articles on our blog.
Disclaimer: Please note that price predictions are speculative and not guaranteed. Investing in cryptocurrencies involves a risk of loss. Always perform your own research and seek advice from financial professionals before making any investment decisions.
