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- BOME surged dramatically, surpassing major meme tokens like DOGE, SHIB, and PEPE.
- Analyst Clifton FX predicts a 160% increase based on a triangle pattern breakout.
The meme token Bonk of Meme (BOME) has skyrocketed, becoming among the top five gainers today. This strong growth has pushed it over several notable meme tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE).
BOME is currently trading at around $0.01047, representing a stunning 22.75% rise over the last 24 hours. The trading volume increased by more than 150%, hitting $293.97 million. The considerable increase in both price and trading volume reflects the increased interest and investment in BOME.
BOME Ranks Eighth Among Memecoins, Analysts Predict Further Gains
BOME is now the eighth largest memecoin by market cap, having been surpassed by POPCAT, which now ranks seventh.
Meanwhile, analysts have taken note of BOME’s bullish momentum, with Clifton FX pointing out that the price has broken through the top boundary of a triangle pattern on the daily chart. Based on this breakout, Clifton FX has set a 160% gain as its near-term price goal.
$BOME is Breaking out in Daily Timeframe..#BOMEUSDT #BOME #Crypto https://t.co/i9t7ruTvf4 pic.twitter.com/HWxaYz6rEo
— Clifton Fx (@clifton_ideas) July 29, 2024
CNF previously highlighted Yoddha’s bullish analysis, which anticipated a potential rally for BOME following the formation of an inverted head and shoulders pattern. This prediction came true, with BOME’s price continuing to grow unabated.
In March, we noted that Binance was giving hefty rewards for whistleblowers on insider trading in order to guarantee fairness on the site. The issue surrounding Binance’s listing of Book of Meme prompted an investigation into suspicions of insider trading.
The continuing monitoring by big exchanges like Binance emphasizes the necessity of openness and fairness in the cryptocurrency ecosystem, ensuring that such remarkable rallies are based on legal market forces.