Book of Meme has been one of the breakout stars of the current bull run, climbing quickly into the ranks of the top ten meme coins. This has led to investors and experts alike speculating on how far this upward trajectory can reach.
The meme-immortalizing project has seen its price surge almost 2000% this month, and with a new 24-hour jump of 12%, the next question is, can Book of Meme continue its explosive rise and hit $0.1 in 2024?
Book of Meme quickly rising back to its all time high?
Many investors have been lauding Q1 of 2024 as meme season, and nowhere has this been clearer than with the rise of Book of Meme ($BOME).
The project combines internet culture with blockchain technology, minting memes as NFTs and acting as a decentralized meme archive. Its creator — @Darkfarms1 on X — already has 141k followers on the platform and has created previous NFT collections such as Smowl and Derage.
Book of Meme had a meteoric launch that saw prices rise from $0.000858 to $0.02805 in just two days, with a market cap of $1 billion.
$BOME experienced a price correction over the next three days, dropping as low as $0.09159 on the 19th of March. Gradually, the price settled around 0.016. This wasn’t to last long, though.
In the past two days, $BOME has broken past its key resistance level of $0.018, leading to speculation that the token is about to moon again. The price of $BOME is currently at $0.01842.
Will it hit $0.1, though? It’s difficult to tell, with meme coins being quick to rise but also quick to fall.
However, Book of Meme has already gathered a huge community and has an NFT collection about to drop. The project capitalizes on the strong meme culture in crypto and the new rise of Solana meme coins.
If this new spike continues, we could see a new all-time high for Book of Meme in a matter of days.
Is Slothana the next big Solana meme coin?
Solana has been central to the current meme coin craze with the trading volume up 30% recently. Many analysts have been searching the network to find the next Bonk or Book of Meme. With animal-themed memes seeing a huge pump, we think one of the most exciting new presales is Slothana.
Slothana is the newest sloth meme coin, following in the footsteps of the meteoric Slerf coin.
Slerf made the headlines after the developer burned $10m worth of LP tokens allocated to presale investors. The crypto meme community quickly rallied around to make investors whole again, causing the price to jump from its initial listing of $0.02193 to $1.3710.
However, the price has now dropped to $0.5011, leading many to look for the next Sloth meme coin on the scene. Some popular crypto traders have their eye on Slothana ($SLOTH), a new Solana memecoin in presale.
Slothana aims to ride this momentum with a fresh twist on presales that aims to make it equitable and fair for all. Investors can send $SOL to the Slothana presale address, and at the end of the presale, they’ll be airdropped $SLOTH at a rate of 1 $SOL for 10,000 $SLOTH.
The presale has already proven hugely popular, with almost $7 million raised. The presale can end at any moment, which has created a feeling of scarcity and driven hype for the project.
If Slothana can harness the current meme coin craze and ride its current momentum through to its launch, we could see astronomical prices for the token.
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