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Among the top 8 meme coins by market capitalization, BOME has emerged as a standout performer, registering a 6% increase this week—the highest among Solana meme coins.
The broader market starts early, with Bitcoin preparing a bounceback from the crucial psychological support of $60,000. As meme coins are the bull run torchbearer this year, smart money closely follows trend reversals and the launch of new and trending coins.
The broader market starts early, with Bitcoin preparing a bounceback from the crucial psychological support of $60,000. As meme coins are the bull run torchbearer this year, smart money closely follows trend reversals and the launch of new and trending coins.
In the last 24 hours, Solana-based memecoins have surged, posting double-digit gains. This bullish trend follows heightened market speculation triggered by investment firm VanEck's recent filing for the first Solana ETF in the United States.
Starting the week's trade on a bearish note, Bitcoin lost one of its important supports at $63,500, which caused the price to drop below $62,500. This move has caused the memecoin space to lose over 5% of its market cap as the trading volume soars by above 18% in the past 24 hours.
Coinbase recently announced that its Book of Meme (BOME) and Notcoin (NOT) perpetual contracts entered post-only mode on both Coinbase International Exchange and Coinbase Advanced. Following this announcement, both Book of Meme and Notcoin experienced notable price rallies.
In an attention-nabbing development witnessed today, June 14, Notcoin (NOT) and Book Of Meme (BOME) cryptos have seen a significant price rally despite the broader market's tumbled movement. NOT price rallied nearly 20%, whereas BOME price surged 14% in the past 24 hours.
Solana meme coins continue sideways trading with bulls attempting a major price recovery. The last 24 hours have seen several crypto assets lose value while others posted slight gains.
BOOK OF MEME (BOME) price is observed as macro bullishness, but it is facing bearishness on the micro-scale.
The market dynamics appear to have changed as the meme coins's strength has waned to some extent. These fluctuations have occurred very frequently in recent times, indicating the tokens have become more volatile. This could keep the trader's attention over the memecoins, which may prevent them from extending their descending trend.
With the resurfacing of memecoins in the cryptocurrency industry, top tokens have recorded a strong bullish price action by adding significant valuation to their respective portfolios. Moreover, the Solana ecosystem's memecoins have regained momentum, resulting in them recording a bullish reversal.
As the price of Bitcoin holds strong above the $67K mark, the crypto market has recorded a significant increase in the buying and selling pressure. Moreover, top tokens have successfully surpassed their important resistance levels, suggesting a bullpower in the crypto space.
BOME and BONK registered promising price upticks, but WIF's value had dropped over the last week.
BOME has seen renewed inflows on the back of the positive United States Consumer Price Index (CPI) which has flipped market sentiments. The wider crypto market has seen renewed flows with Bitcoin hitting $66,000.
Following a highly turbulent price action, the meme coin sector has seen a collective revival, drawing substantial investor interest across the global crypto realm. Notably, popular meme-based cryptocurrencies, including DOGE, PEPE, FLOKI, and BOME, have all experienced a considerable uptick in prices in the past 24 hours.
Recent data highlights notable price and trading fluctuations in meme coins such as FLOKI, Book of Meme, and DOGE.
Meme cryptocurrencies dominated other cryptos for several weeks, but May revealed some meme coins to avoid.
Last week, volatility in the cryptocurrency market resulted in a staggering loss of $100 billion. This decline was reflected in the global cryptocurrency market cap, which decreased by 4% to $2.36 trillion at the time of writing.
MEW's explosive price growth last month allowed it to compete with BOME in terms of market capitalization.
The memecoin category has displayed a significant price action following the Bitcoin Halving, indicating a rising interest among investors for these tokens. Furthermore, top memecoins have recorded a significant surge in their respective portfolios over the past seven days.
Binance, a leading cryptocurrency exchange, has once again triggered discussions among investors with its announcement to expand support for BOME, TIA, and MATIC tokens. Meanwhile, this move has sparked a significant rally in the prices of Book of Meme (BOME), Celestia (TIA), and Polygon (MATIC), underscoring the growing confidence in these cryptocurrencies within the market.
Binance Futures is set to expand its trading offerings by launching USDC-margined perpetual contracts for BOME, TIA, and MATIC cryptocurrencies. These contracts will provide traders with leverage of up to 75x, allowing for enhanced trading opportunities.
Buying pressure from whales increased on BOME after the market crashed a few days ago.
Against the backdrop of market corrections and consolidations witnessed recently, meme coins once again nabbed significant investor attention today, Aril 5, jotting down remarkable downturns in the past 24 hours. Some of the top meme coins, encompassing Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE), and Book of Memes (BOME), noted a remarkable plunge
