FLOKI BOME and DOGE continue to dominate market as top meme coins
Recent data has revealed significant price and trading fluctuations in meme coins like FLOKI, Book of Meme, and DOGE.
FLOKI, in particular, has seen a remarkable increase in both its price and trading volume within the last 24 hours. The token’s price has surged by 10.54% to $0.0002047, pushing its market capitalization up by 10.05% to $1.95 billion, placing it at the 51st spot in the crypto market rankings. Furthermore, its trading volume has skyrocketed by an impressive 225%, reaching $573.05 million.
A recent analysis by crypto expert Captain Faibik has shed light on a positive trend for FLOKI. The analyst noted that FLOKI is breaking out of a bullish pennant pattern on the daily timeframe chart, indicating a highly optimistic outlook for the medium term. Faibik anticipates a bullish rally of 180% to 200% for FLOKI.
Book of Meme (BOME), another meme coin, has experienced a 4.60% increase in price to $0.01137. Its market capitalization has also risen by 4.54% to approximately $784.44 million, positioning it at the 96th spot in the market standings. According to CoinMarketCap, the trading volume for BOME has also surged by 122.35%, totaling $620.69 million.
According to a report by crypto.news, a user named shatter.sol on the Solana network had a mixed experience with BOME tokens. The user purchased 170.25 million BOME tokens for 50 Solana (SOL), equivalent to $8,500 on March 13. The next day, the tokens were sold for 767 SOL, valued at around $130,000. However, due to a spike in the token’s value the following day, the Solana user missed out on a potential $950,000 profit.
DOGE, the original meme coin, has witnessed a 3.8% increase in price, now sitting at $0.1532. Its market capitalization has grown by 4.33% to $22.11 billion, securing the ninth spot among cryptocurrencies. The trading volume for DOGE has also risen by 103.73% to $2.11 billion.
Crypto trader AutoMcNatic recently shared a tweet about DOGE, suggesting a potential upward movement for the token. The post mentioned that if DOGE’s price surpasses $0.15, it could be on track to rise towards $0.22, underscoring the significance of macroeconomic factors.
Additionally, crypto.news reported earlier today that Pepe (PEPE) surged 21% in the last 24 hours, now trading at $0.0000102. The frog-themed meme coin saw a 416% increase in whale transactions, along with a notable rise in exchange activity. The asset’s Relative Strength Index indicates that it is currently overvalued, pointing towards potential high price volatility.
