Is Book of Memes Heading for a Reversal? Can BOME Price Outperform This Skyrocketing Gem?
Is BOME price heading for a reversal? Analysts label Book of Memes undervalued – will BOME crypto pump as new meme coin CatSlap skyrockets?
No one anticipated meme coins like BOME
Price
Trading volume in 24h
Last 7d price movement
to explode like they do when writing. In less than three weeks, the market cap of all meme coins has more than doubled from less than $60 billion in late October to more than $131 billion by the last week of November.
(Source)
BOME Price Analysis: Meme Coin Traders Anticipate Upside Breakout In Near Future
While Dogecoin maintains the lead, commanding $63 billion in market cap, nearly half of all meme coins, traders closely monitor how BOME will print out.
BOME is down 11% in the past week and struggling to regain the momentum seen in Q1 2024.
After listing on Binance, the meme coin has been moving sideways and generally choppy.
Although traders expect prices to soar sharply, riding on the back of Solana and Bitcoin, the exact timing of this upside breakout remains to be seen.
All the same, once BOME soars above $0.012541, heading towards all-time high, the leg up, one observer said, will be “glorious.”
(BOMEUSDT)
Another, taking to X, said the BOME “expansion candle” is on its way.
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From the daily chart, BOME is firm, adding nearly 40% from November lows.
Although the meme coin is edging higher, price action has stagnated over the last few trading days.
(BOMEUSDT)
This sideways movement could be a distribution or accumulation, depending on the breakout direction. Ideally, a break above November highs may see BOME rallying, retesting $0.026 printed in March 2024.
New Cat Meme Coin Goes Viral: CatSlap Exceeding Expectations After Pumping +4,400%
As BOME consolidates, traders are pouring in on CatSlap (SLAP). The meme coin has taken the market by storm, going viral after launching on November 21.
SLAP, an ERC-20 on Ethereum, has increased by over 4,200% since launching. At one point, its market cap soared to an all-time high of $46 million.
At press time, SLAP has a market cap of $23 million, which is low and, therefore, more attractive for value investors searching for the next GOAT or DOGE.
(Source)
So, what drives CatSlap? In addition to its technical structure and attention from whales, the platform offers a 40% APY through its GameFi utility, Slapometer.
As of November 25, the Slapometer Tap Game Project had registered over 5 million slaps.
Based on the candlestick arrangement alone, SLAP can easily 4X from spot rates, pushing its market cap to over $100 million, driven mostly by whale activity.
Juicy 7 ETH buy. Whales are here for the $SLAPhttps://t.co/GtbR824eFm pic.twitter.com/xxO4zTBPwL
— CatSlap (@CatSlapToken) November 24, 2024
For now, SLAP is trading for just $0.00550245. The viral momentum it is enjoying, thanks in part to its meme coin allure, can propel demand, lifting SLAP to new all-time highs.
And the timing couldn’t be better. Bitcoin is edging closer to $100,000 while investors search for meme coin gems, not wanting to miss the train.
The meteoric rise of SLAP, barely one week after its launch, makes it a strong contender for the next breakout meme coin.
In less than 10 days, the team will make a huge announcement, further increasing SLAP’s momentum.
For this reason, early adopters can reap massive benefits as SLAP spikes, outperforming BOME.
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