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
News sentiment analysis
Sort by:
Descending
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
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