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- 1 Book of Meme Crypto was 53% below its all-time high, reached two months prior.
- 2 The volume-to-market cap ratio stands at 45.7%, indicating a heightened level of volatility in the cryptocurrency’s market activity.
BOOK OF MEME represents an innovative venture set to transform web3 culture by integrating memes, decentralized storage, and speculative cryptocurrency trading and betting. This initiative aims to capture the dynamic essence of meme culture in a digital anthology, the BOOK OF MEME, preserving each entry permanently on the blockchain.
Moreover, the BOME crypto has been bullish in recent sessions, recuperating from its previous downturns. It is on a trajectory to reach its all-time high once again. The price has been fluctuating within a notable channel pattern, leading to rapid intraday increases.
Book of Meme Crypto Volume Analysis
BOOK OF MEME price was hovering close to $0.012833 in intraday, with a 24-hour volume of $581.12 Million. Moreover, it has a market capitalization of $885.06 Million and a market share of 0.03%. The volume analysis shows that the daily volume decreased by about 6% from the previous day. The volume-to-market cap ratio stood at 45.77, indicating a relatively stable market with high volatility.
BOOK OF MEME’s peak trading value was on March 16, 2024, reaching an all-time high of $0.026886. Its lowest recorded price was on March 14, 2024, at $0.00005880. Since reaching its all-time high, the lowest price point was $0.007192 (cycle low), and the highest price following that low was $0.014084 (cycle high).
Can BOME Crypto Reclaim All Time High?
From a technical perspective, the BOME crypto has been consistently trading above the crucial 20-day and 50-day exponential moving averages, indicating a positive trend. Additionally, the daily chart displays a rising channel pattern, suggesting that if the price breaks through the upper boundary, it could potentially reach its all-time high of $0.00719.
At the time of writing, the Relative Strength Index (RSI) was positioned above 58.4, while the Simple Moving Average (SMA) was at 56.19. The occurrence of a bullish crossover between these lines further reinforces the optimistic outlook for the cryptocurrency’s future performance.
Conclusion
BOOK OF MEME (BOME) is a pioneering project blending memes with decentralized storage and crypto trading. The short-term trend outlook is positive with the bulls aiming to surpass its all-time high. The price currently hovers close to $0.012833 with a market cap of $885.06 million. Despite a 6% drop in daily volume, the market remains volatile.
Moreover, BOME’s price peaked at $0.026886 on March 16, 2024, and its lowest was $0.00005880 on March 14, 2024. From a technical point of view, the price hovers above the 20-day and 50-day EMAs, with a rising channel pattern and a bullish RSI and SMA crossover, suggesting a continued positive momentum.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
