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Book Of Meme Price Prediction 2024: Can BOME Thrive Despite Insider Trading Claims?

Last Updated March 19, 2024 8:43 AM
Giuseppe Ciccomascolo
Last Updated March 19, 2024 8:43 AM

Key Takeaways

  • Book of Meme’s BOME coin jumped after its debut on March 14.
  • The surge is under Binance investigation for allegedly insider trading activity.
  • One price prediction says it may reach $0.10 next year.

Book of Meme (BOME), a newly launched meme coin running on the Solana network, skyrocketed following its debut on Binance. However, amid the excitement, concerns emerged within the crypto community regarding a potential “BOME rat warehouse” incident, hinting at possible insider trading activities linked to the exchange.

In response, Binance swiftly addressed the issue via a statement  on X (formerly Twitter), asserting that their internal investigation revealed no affiliation between the implicated individual and the exchange.

The surge in attention surrounding Book of Meme (BOME) intensified as suspicions grew over Binance’s listing of the coin merely three days after its initial launch, prompting further scrutiny within the crypto community..

Book of Meme did not immediately respond to a request for comment.

But what is Book of Meme (BOME)? How does Book of Meme work? Let’s see what we can find out, and also take a look at some of the Book of Meme Price Predictions that were being made as of March 19, 2024.

Book of Meme Coin Price Prediction 

Let’s examine some of the Book of Meme price predictions being made on March 19, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $0.0229 $0.0269 $0.0781
Prediction #2 $0.0183 $0.0253 $0.1831
Prediction #3 $0.018 $0.10 $0.15

Book of Meme Price Prediction for 2024

DigitalCoinPrice  said Book of Meme would reach $0.0229 this year, while PricePrediction.net  expects it at $0.0183 and Coin Edition  said BOME would close the year at $0.018. 

Book of Meme Price Prediction for 2025

Coin Edition said Book of Meme would reach $0.10 while PricePrediction.net also sees it at $0.0253. DigitalCoinPrice said BOME would trade at $0.0269. 

Book of Meme Price Prediction for 2030

Moving on to a more long-term Book of Meme price prediction, PricePrediction.net said the coin would be worth $0.1831 in 2030 and Coin Edition also expects it at $0.15. DigitalCoinPrice made a BOME price prediction of $0.0781 at the start of the next decade.

Google Gemini AI Price Prediction for Book of Meme (as of March 19)

Google’s Gemini AI platform gave the following price prediction for Book of Meme on March 19. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

  • Expected price: $0.038
  • Factors to Consider:
    • News and developments: Positive news about Book of Meme’s project or the memecoin market in general could drive the price up.
    • Trading activity: Increased trading volume can indicate higher interest and potentially push the price higher.
    • Market trends: The overall cryptocurrency market sentiment can affect BOME’s price as well.

Medium Term (Next 6 months)

  • Expected price: $0.035
  • Factors to Consider:
    • Market Conditions: The overall cryptocurrency market significantly impacts meme coin prices. A bullish market could push BOME higher, while a bearish one could lead to a decline.
    • Project Development: News and updates about the Book of Meme project’s development and adoption can influence its price.
    • Community Hype: Meme coins often rely on strong community support. Continued social media buzz and positive sentiment could propel BOME’s price.

Long Term (Next 5 years)

  • Expected price: $0.40
  • Factors to Consider:
    • Overall crypto market trends: A thriving cryptocurrency market would likely benefit BOME.
    • Project development and adoption: If Book of Meme gains real-world use cases and a strong community, it could drive the price up.
    • Regulations: Government regulations on cryptocurrencies could create uncertainty and impact the price.

BOME Price History

Let’s now take a look at some of the highlights and lowlights of the Book of Meme price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a BOME price prediction. 

When BOME first came onto the open market on March 14, 2024, it was worth $0.0009373. It then increased, reaching its highest level since its launch at $0.02639 on March 16, before retracing a bit to $0.01164 on March 19.

Book of Meme price history
Book of Meme price in 2024 | Credit: CoinMarketCap

At that time, there were 55,199,727,655 BOME in circulation, out of a total supply of 68,999,649,476. This gave Book of Meme a market cap of about $631.6 million, making it the 123rd largest crypto by that measurement.

Is Book of Meme a Good Investment?

It is hard to say. The coin has debuted on the market just a few days ago and, on the horizon, there’s no clear bullish or bearish sign.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in BOME.

Will Book of Meme go up or down?

No one can really tell right now. While the Book of Meme crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Book of Meme?

Before you decide whether or not to invest in Loopring, you will have to do your own research, not only on BOME, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Book of Meme (BOME) Explained

Book of Meme is based on the Solana network and created by Darkfarms, a well-known crypto artist. The main objective of this project is to establish a permanent storage library solution for meme coins. However, the concept was teased on March 10, with a full reveal on March 12, unveiling the “BOOK OF MEME.”

Describing it as a versatile platform, Darkfarms compared Book of Meme to a “shitcoin”, offering features like a renewable electronic magazine, a tool for creating memes, and a library of memes under the CC0 license. In simple words, BOME aims to become a hub for memes, offering tools for creation and access to a library while utilizing blockchain technology for ownership and distribution.

How BOME Works

BOME revolutionizes decentralized social media by integrating each meme into the blockchain, utilizing cutting-edge platforms such as IPFS and Arweave. This transformative step transforms the Book of Meme into an expansive digital archive seamlessly connected through token metadata, ensuring the permanence and accessibility of every meme shared.

BOME Attention Tracker

Book of Meme Google search volume
Book of Meme Google search volume | Credit: Google

Here is a chart for the Book of Meme Google search volume for the past 90 days. This represents how many times the term “Book of Meme BOME” has been Googled over the previous 90 days.

FAQs 

How many BOME are there?

As of March 19, 2024, there were 55,199,727,655 BOME in circulation, out of a total supply of 68,999,649,476.

Will Book of Meme reach $1?

It might be, but not soon. No main prediction expects BOME to reach $1 in a decade.

What is Book of Meme?

Book of Meme is based on the Solana network and created by Darkfarms, a well-known crypto artist. The main objective of this project is to establish a permanent storage library solution for meme coins. However, the concept was teased on March 10, with a full reveal on March 12, unveiling the “BOOK OF MEME.”

Describing it as a versatile platform, Darkfarms compared Book of Meme to a “shitcoin”, offering features like a renewable electronic magazine, a tool for creating memes, and a library of memes under the CC0 license. In simple words, BOME aims to become a hub for memes, offering tools for creation and access to a library while utilizing blockchain technology for ownership and distribution.

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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