BOME Meme Coin Explodes 10% after Coinbase Announces Support

UTC by Anisha Pandey · 3 min read
BOME Meme Coin Explodes 10% after Coinbase Announces Support
Photo: Depositphotos

Coinbase announced similar listings in May, which included Bonk, FLOKI, and Shiba Inu perpetual futures on the leading crypto exchange.

BOOK OF MEME (BOME) rose significantly in the past 24 hours after Coinbase, the largest crypto exchange in the United States, announced that it would add support for the perpetual futures of the meme coin on Coinbase International Exchange and Coinbase Advanced alongside Notcoin (NOT). 

In a post on social media platform X (previously branded as Twitter), Coinbase stated that the “opening of our BOME-PERP and NOT-PERP markets will begin on or after 9:30 a.m. UTC 20 June 2024”, resulting in BOME meme coin gaining significant attention in the digital asset sector. 

The official handle of the BOME token on X recently brought the attention of the crypto community to another significant milestone achieved by the meme coin. As per the X post, the BOME token is nearing 1 million holders and currently has 81,449 holders.

The price of BOOK OF MEME (BOME) rose close to 10% in the past 24 hours, with a 15.31% surge in the trading volume that currently stands at $271.9 million. Moreover, the market capitalization of the meme coin stands at a whopping $746.8 million, making it the 103rd largest digital asset, eyeing a position in the top 100 virtual currencies. 

In the past seven days, BOME fell by 20.03%, followed by a 2.74% drop in the previous 30 days. However, the meme coin has shown exceptional performance since June 2023, rising by a whopping 1086.61% and making its holders millionaires. 

Further, as per the data from Forbes, BOOK OF MEME is currently the eighth largest meme coin by market capitalization, surpassed by the likes of Brett (BRETT), Bonk (BONK), Floki (FLOKI), Pepe (PEPE), Shiba Inu (SHIB), Dogecoin (DOGE), and Dogwifhat (WIF). The total market cap of meme tokens stands at $58 billion, up by 0.17%. 

It is important to note that Coinbase announced similar listings in May, which included Bonk, FLOKI, and Shiba Inu perpetual futures on the leading crypto exchange. Additionally, following the partial victory of Ripple in its lawsuit against the SEC, Coinbase said in May that the XRP token would be available for users in New York City.

BOOK OF MEME (BOME) Performance

The performance of BOOK OF MEME has pushed investors to look at the future prices of the digital asset optimistically. In the past 24 hours, BOME rose from a low of $0.009429 to a high of $0.01083, aiming for its monthly high of $0.01348. 

Moreover, the relative strength index (RSI) of the meme coin on the daily chart reads a value of 42.52, which means that the sellers are still in control of the price action of the cryptocurrency. However, the gradient of the line suggests that buyers are now taking control of the price trajectory. 

BOME Meme Coin Explodes 10% after Coinbase Announces Support

Photo: TradingView

Notably, the volume of the cryptocurrency has declined significantly since March 2024. The BOME token is also 61.81% lower from its all-time high of $0.02805 witnessed on March 16, 2024.
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