With Bitcoin’s price nearing the $65,000 mark again, meme tokens rebounded after yesterday’s dip. Among them, Pepe-themed coins are some of the largest gainers, and Book of Meme (BOME) broke into the top five trending cryptocurrencies after its daily trading volume surged by 71%.
As we near a potential bull run, can BOME surpass its all-time high and reach the $0.1 mark? Let’s see what the experts think about BOME and other Pepe-inspired meme coins.
BOME Outperforms Other Top Pepe-Themed Meme Coins
BOME currently trades at $0.009161, representing a 17.16% jump over the last 24 hours after its dip to $0.008154 yesterday. The positive movement in its price also affected its market cap, which saw an 18.88% increase today that brought it past $639 million, bringing BOME closer to overtaking MEW as Solana’s fourth-largest meme coin by market cap.
With a long/short ratio of 1.51 today, investors seem to have a significant degree of trust in the token that could help it grow further.
However, reaching the $0.1 mark would require BOME to 11x and reach a $6.9 billion market cap, positioning it as the third-largest meme coin in today’s climate. While it isn’t impossible, experts focus on more probable gains for the coin.
World of Charts, a crypto analyst with more than 35,000 followers on X (Twitter), believes BOME is set to 2x after its breakout.
While BOME’s potential jump from its current position as the overall 12th largest meme coin into the top three isn’t guaranteed, it’s currently performing better than other Pepe-inspired tokens. In the previous seven days, it gained 40.96%, while Pepe (PEPE) rose by just 2.06%, and PepeCoin (PEPECOIN) fell by 33.58%.
BOME History and Utility Drive Growth
Book of Meme is a Solana-based meme coin created by Darkfarms, a crypto art producer that has amassed more than 158,000 followers on X (Twitter) since BOME’s inception in March 2024.
Inspired by the Pepe meme imagery, BOME exists to help meme coin holders engage with meme culture by offering a digitalized repository of memes, utilizing platforms like IPFS and Arweave. The project’s goal is to encapsulate the growth of meme culture and immortalize meme content on the blockchain.
It entered the market priced at $0.001148 and soared to its all-time high of $0.02313 in the next 48 hours.
While it has significantly dropped since crypto experts like Bluntz believe BOME is ready to surpass its ATH.
He informed his 282,000-strong audience on X (Twitter) that BOME’s recent breakout may signal the start of a sharp rise in its price, predicting the token will reach the $0.03 mark.
Despite being inactive on X (Twitter) since April, BOME’s community believes the token’s utility might be enough to propel it to this number.
However, with its history, technical data, and competition, it’s unlikely BOME will reach $0.1 without more involvement from the developers.
On top of this, BOME is facing stiff competition from another utility-focused Pepe token still in its ICO.
Utility-Driven Meme Coin Pepe Unchained Raises $19.4 Million in ICO
Pepe Unchained (PEPU) is taking the meme coin space by storm with its presale and promises of a Layer 2 network that will offer 100x faster transaction speeds than Ethereum at a fraction of its gas fees.
The project aims to build its Layer 2 ecosystem on top of Ethereum’s mainnet, complete with a dedicated block explorer.
PEPU’s plans are exciting news for meme coin developers, as its launch may encourage more traders to invest in meme coins on ETH.
Currently, PEPU costs $0.00998 each, but that price isn’t here to stay. Its ICO follows a dynamic pricing model, meaning the per-token PEPU price will increase in just over one day or if the project raises another $17,000 before that.
Security-wise, the project’s smart contract has been audited by SolidProof and Coinsult, which found no critical threats to investor security.
This innovative project hasn’t escaped the attention of experts either. ClayBro, a crypto expert with over 130,000 subscribers on YouTube, calls PEPU the “future of meme coins” and expects it to skyrocket after it lists on DEXs.
Although the crypto market is as volatile as ever, PEPU’s Layer 2 ecosystem and robust security could propel it to explode and position itself above other Pepe-themed tokens after its launch.
