Book Of Meme Price Prediction: BOME Plummets 19% As The Dogecoin20 ICO Soars Past $2M In Less Than 5 Days

The Book Of Meme price dropped 19% in the last 24 hours to trade at $0.0150 as of 03:28 a.m. EST on trading volume that plunged 51% to $2.2 billion.

BOME is the latest entrant into the Solana meme coin arena, giving users a unique blend of meme, trading, and gambling options along with decentralized storage.

Just days after its launch, the token amassed a $1.2 billion market capitalization, before retracing back to the current market cap of $756 million.

Book Of Meme Price Preparing For A Rebound

The Book Of Meme price surged massively from its launch, which saw the bulls claim an all-time high of $0.02689 just two days ago. However, the price has been slightly falling from that level within a falling wedge pattern.

BOME is trading below both the 50-day and 200-day Simple Moving Average (SMA), which, in support of the price, retraces back to the current price of $0.15.

Additionally, the Relative Strength Index (RSI) is also trading below the 30-oversold level, which indicates that the price is moving within the oversold region, currently at 24.

The current bearish trend is very strong, as shown by the Average Directional Index (ADX) trading at 26, heading to the north.

Book Of Meme Price Prediction – BOME Could Soar To $0.024

The Book Of Meme price Analysis shows a bearish trend but with signs of a rebound, as the price has already formed a falling wedge pattern. Additionally, the RSI has already entered the oversold level, which could see the bulls capitalize on it to rebound the price up to reclaim the resistance at $0.024.

However, the 200-day SMA crosses below the 50-day SMA, forming a death cross at $0.01723. The death cross could further support a retrace, with the bears gaining more control to drive the price down to the next support zone at $0.0106.

Meanwhile, as the BOME bulls look for a price reversal, investors are also looking at Dogecoin20 as a compelling Dogecoin upgrade.

Dogecoin20 Presale Garners Passes $2 Million, Hurtles Towards $2.3 Million Target

The Dogecoin20 (DOGE20) presale continues garnering massive attention from the crypto community, having secured more than $2 million, as it closes in on its target of $2.3 million.

Coming as the first upgrade of the Dogecoin brand, DOGE20 is set to surpass the success seen by other meme coin titans like Dogecoin and Shiba Inu.

🚀 #DOGE20 isn't just another Shiba Inu-inspired derivative.

Upholding Dogecoin’s ethos to Do Only Good Everyday, it offers passive rewards through on-chain staking. 🌱🌟

Embracing a greener, more sustainable future with the most widely loved #Memecoin in the world! 🐶 pic.twitter.com/zqlONodRPB

— Dogecoin20 (@DOGE_COIN20) March 14, 2024

The surging interest just days after its launch may have been partly fuelled by Elon Musk, who said last week that Dogecoin should ”at some point” be enabled to buy Tesla cars.

Dogecoin20 also utilizes the Proof-of-Stake (PoS) mechanism, which allows the project to offer quicker and more accessible transactions.

Buy And Stake $DOGE20, 395% Annual Rewards

You can also earn passively with Dogecoin’s staking option, where you stake $DOGE20 and get an impressive 395% annual percentage yield (APY). Early users have already staked over 7 billion $DOGE20 tokens.

In the ever-evolving landscape of #Cryptocurrency, #Dogecoin20 emerges as a distinctive and innovative token. 🚀

Drawing inspiration from the beloved #Shiba Inu-themed #Memecoin universe while introducing a groundbreaking dimension of on-chain staking. 🌌 pic.twitter.com/aHTuT3Jh4o

— Dogecoin20 (@DOGE_COIN20) March 17, 2024

According to Jacob Bury, a prominent crypto YouTuber, Dogecoin20 is one of the best meme coins to invest in right now as it is nicely position to leverage the hype around DOGE and SHIB to soar on launch.

To participate in the presale, you can buy $DOGE20 for just $0.000164 before a price hike in a little more than two days.

You can buy $DOGE20 on the official Dogecoin20 website, where you can exchange ETH and USDT for $DOGE20, or buy directly with your bank card.