Markets
Meme coins remain on top as FLOKI, BOME and DOGE lead the markets
Recent data highlights notable price and trading fluctuations in meme coins such as FLOKI, Book of Meme, and DOGE.
FLOKI has seen a significant increase in its price and trading volume in the last 24 hours. The token price increased by 10.54% to $0.0002047. This growth increased its market capitalization by 10.05% to $1.95 billion, placing it 51st in the ranking cryptocurrency market. Furthermore, its trading volume increased by an impressive 225% to $573.05 million.
In a recent analysis by X, crypto analyst Captain Faibik highlighted a promising trend for FLOKI. According to his observations, FLOKI is currently breaking out of a bullish pennant pattern on the daily timeframe, suggesting a highly optimistic outlook for the medium term. The analyst expects a bullish rally of between 180% and 200% for FLOKI.
24-hour chart of FLOKI from CoinMarketCap
Book of Memes (BOME), another meme coin, rose 4.60% to $0.01137. Its market capitalization increased by 4.54% to approximately $784.44 million, placing it at 96th place in the market ranking. Second CoinMarketCapTrading volume for BOME also increased by 122.35%, totaling $620.69 million.
A user known as shatter.sol on the Solana network has had mixed luck with the BOME token, crypto.news reported. On March 13, the user purchased 170.25 million BOME tokens for 50 Solana (SOL), equivalent to $8,500.
The next day the tokens were sold for 767 SOL, worth approximately $130,000. However, an increase in the token’s value the next day caused user Solana to miss out on a potential profit of $950,000.
24 hour chart of BOME from CoinMarketCap
DOGE, also known as the original meme coin, saw a 3.8% increase in its price, now at $0.1532. Its market capitalization grew by 4.33%, reaching $22.11 billion and securing ninth place among cryptocurrencies. Second CoinMarketCapTrading volume for DOGE increased by 103.73% to $2.11 billion.
Cryptocurrency trader AutoMcNatic recently tweeted about DOGE, suggesting a potential upward move for the token. According to sendif the price of DOGE rises above $0.15, it could rise towards $0.22, underlining the importance of macroeconomic factors.
24-hour chart of DOGE from CoinMarketCap
Also Crypto.news reported this morning that Pepe (PEPPER) has increased by 21% in the last 24 hours, and is now trading at $0.0000102. Transactions with the frog-themed meme coin whale increased by 416%, with a notable increase in trading activity. The asset’s Relative Strength Index suggests that it is currently overvalued, indicating potentially high price volatility.