SOL, BOME, SUI: The Must-Watch Cryptocurrencies of the Week

Last week, three major cryptocurrencies experienced significant price movements as the volatile cryptocurrency market reached its peak at $1.71 trillion before dropping to $1.54 trillion.

Solana, one of the top cryptocurrencies, saw a remarkable price surge from March 11 to 14, rallying 20.78% over four consecutive days of gains. It reached a high of $178 on March 14 before experiencing a slight retracement to $164. However, it quickly recovered and ended March 15 above the $183 price level, making it one of the top gainers. Despite a mild 1.03% loss on March 16, Solana managed to recover the following day and is currently up 32% heading into this week, trading at $192 as it aims to surpass the $200 threshold.

Book of Meme (BOME), a recent meme coin launched on the Solana blockchain, witnessed an astonishing surge of interest, resulting in the largest weekly rally the market has seen in a while. On March 14, the day it began trading, BOME was priced at $0.00005880. The meme coin quickly gained attention and surged 9,814% to a high of $0.00583 on March 15 before experiencing a retracement. The successful pre-sale of BOME and announcements of its listing on Binance and Bybit contributed to its meteoric rise. Despite a drop from its highest point, BOME is still trading above $0.017, marking a staggering 29,900% increase from its initial price. Its current market cap stands at $978 million, placing it among the top 100 assets.

Sui, another cryptocurrency, did not perform as well as Solana and BOME but managed to hold up against bearish market trends. It started the week strong with a 9% rally from $1.5552 on March 11 to a high of $1.6970 on March 13. However, it experienced two days of intense bearish action, resulting in an 8% drop on March 14 and 15. Sui fell below the crucial $1.50 price level and reached a 10-day low of $1.3396 on March 15. Despite a recovery that pushed it to a new weekly high of $1.7200, Sui faced another price drop caused by bearish pressure. Nevertheless, it has managed to hold above the $1.50 level, as a drop below this point could lead to further price declines. Sui is currently down 1.71% for the week.

In summary, Solana, Book of Meme, and Sui experienced notable price movements last week, with Solana surging 32%, BOME skyrocketing 29,900%, and Sui holding steady above $1.50 despite bearish pressure.