Will BOME Displace BONK With Double Digit Flows?
BOME has seen renewed inflows on the back of the positive United States Consumer Price Index (CPI) which has flipped market sentiments. The wider crypto market has seen renewed flows with Bitcoin hitting $66,000. These bullish upticks have led to a rally in memecoin prices across the board.
BOME and BONK have both recorded inflows wiping off some parts of previous losses recorded due to market fluctuations. However, although BONK is the bigger asset, BOME has notched higher showy-term inflows with bulls anticipating more flows similar to Q1 2024 numbers.
BOME To Displace BONK?
At press time, BONK is the sixth largest memecoin by market cap while BOME follows closely in seventh. The market capitalization of both assets stands at $1.68 billion and $849 million respectively. BOME has seen 8% daily inflows pushing its price to $0.01235. Weekly surge to the asset has grown above 20% while 30-day movement is at 49.4%.
This giant leap of the asset has ignited bullish momentum upwards with BONK the next asset in sight. Although the difference between the market cap is huge, some users believe a sustained price rally in 12 months could record significant progress
BOOK OF MEME has also seen increased daily volumes at $498 million as users pour funds into risky assets. The Solana meme coin frenzy has sparked a surge in the asset as the coin continues to outpace the market.
BONK Records Flows
Although BOME’s short-term flow is significantly higher, BONK is the bigger asset by market capitalization and has posted decent flows. In the last 24 hours, the asset moved up 6.8% to a price of 0.000025. This week, it has seen an 11% rise and maintains a 78% monthly flow over the former.
BONK rallied on renewed inflows after the CPI data, Solana memecoin frenzy, and industry developments. The asset’s price jumped 7% after a listing on Bithumb, the second-largest cryptocurrency exchange in South Korea. With increased activity following a market reaction, many wonder about the chances of BOME to dethrone the asset.
Also Read: Top Crypto Gainers and Losers of The Day
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