Book Of Meme Chases 'Dogecoin Killer' Shiba Inu In Trading Volumes: 'Bullish Ride Ahead' Says Crypto Technical Analyst
Portfolio Pulse from Khyathi Dalal
Book Of Meme (BOME) has seen a 6.4% price increase and a 13.4% rise in trading volume to $1.5 billion in the past 24 hours, surpassing Shiba Inu's (SHIB) volume. Binance will list BOME on its spot and futures market with a seed tag due to potential volatility and introduce a USDT-margined BOME Perpetual Contract with up to 50x leverage. BOME's derivatives data shows a 30% volume surge and $143.4 million in open interest, indicating bullish momentum. Technical analyst Kyledoops suggests BOME has established solid support, hinting at potential gains.
March 23, 2024 | 3:25 am
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NEGATIVE IMPACT
Shiba Inu (SHIB) is surpassed by Book Of Meme (BOME) in trading volume, indicating a shift in trader interest towards BOME.
The article highlights that BOME's trading volume has surpassed that of SHIB, suggesting a shift in trader interest and potentially negative short-term impact on SHIB as market focus moves towards BOME.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Book Of Meme (BOME) experiences a 6.4% price surge and a significant increase in trading volume, indicating strong market interest and potential for further gains.
The listing of BOME on Binance, a major cryptocurrency exchange, along with a significant increase in trading volume and positive derivatives data, suggests a strong market interest and potential for further price gains in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100