Meme coins have created a separate category for themselves in 2024, courtesy of their mainstream following and performance in the crypto world.
Book of Meme (BOME) is no exception, as this token has appreciated about 88% since the start of October 2024. Currently, BOME is up over 14000% from its all-time low of $0.00005848.
In this article, we’ll discuss the book of meme price prediction by giving you its short and long-term price forecasts, and explore whether this meme coin can continue its bullish run.
What is BOME?
The BOME meme token is created on the Solana blockchain by Darkfarms, an artist known widely for his Pepe memes. Released in March 2024, the BOME token claims to be a shitcoin and offers a platform where users can create and add new meme coins, hence the name ‘Book of Meme’ makes sense.
Right after its launch, the BOME token skyrocketed to 3000%, and soon after, it was also successful in getting listed on major crypto exchanges like Binance, and many others.
BOME presale started on March 13, and it exceeded expectations as a total of 10,131 SOL was collected in the presale. This hype was quickly picked up by the rest of the crypto community, and the BOME token’s market cap skyrocketed to $80 million within hours. At the time of writing, the BOME token’s market capitalization stands at $606 million.
Book of meme crypto price prediction
What can be a realistic projection for the BOME token? Let’s dive into the BOME price prediction for 2024 and beyond.
BOME coin price prediction: short-term outlook
According to CoinCodex’s BOME price expectation for the near future, the token is projected to rise by 230.57%, possibly hitting a new all-time high of $0.029384 by Nov. 21, 2024.
As of Oct. 22, 2024, the overall sentiment of the BOME price forecast remains slightly bullish, with 14 technical analysis indicators showing bullish signals, 6 indicating bearish trends, and 9 indicators showing neutral forecasts.
BOME price prediction 2024
According to DigitalCoinPrice the price of BOME could swing between an estimated range between $0.00790 and $0.0193 by the end of the year.
Drawing insights from investor sentiment, CoinCodex’s BOME price prediction for 2024 mentions the range of $0.008889 and $0.030886 which will be its all-time high as well.
Based on the analysis of BOME’s prices over previous months, Changelly anticipates that in the last few months of 2024, the BOME token can range between $0.0062 and $0.0070.
BOME price prediction 2025
Looking further ahead in 2025, DigitalCoinPrice predicts that in 2025, the BOME token’s price could fluctuate between $0.0189 and $0.0227, and may likely hold a yearly average of $0.0214.
CoinCodex projects that the BOME token can trade in the price channel of $0.015217 and $0.036053 in 2025.
According to Changelly’s analysis of BOME’s recent price trends, the coin is projected to have a minimum price of $0.00697 and a maximum price of $0.00984 in 2025.
BOME price prediction 2030
As per CoinCodex’s book of meme coin price prediction of 2030, BOME’s price could vary between $0.022816 and $0.032057.
DigitalCoinPrice expects that BOME’s price could climb to $0.0595 or $0.0660 by the end of 2030.
Changelly predicts that by 2030, the BOME token could range between $0.0426 and $0.0615.
Is book of meme a good investment?
Before investing in any cryptocurrency including Book of Meme (BOME), please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that meme coins in general are a highly speculative investment and their success not only relies on market volatility but also on the constant and sustainable growth of its community. Hence it is advisable to do your research on the token’s fundamentals which may very well decide the future of the BOME token.
How high will the book of meme go?
Meme coins in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on. While it is hard to determine how high the BOME token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general. It is also vital that you rely on financial experts who give realistic forecasts, and still, you should remain cautious as no one can accurately predict how high meme coins can go.
Can BOME coin reach $1?
$1 may be a high goal for BOME token holders but it may be possible with the right amount of ingredients that include community support, growth potential, and relying on the good old power of meme coin volatility. However, reaching $1 can be challenging mainly because of the high token supply of BOME which stands at $68 billion. This means that it would require a large amount of investors to invest in the BOME token and take it to $1 even in favorable market conditions.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Source: https://crypto.news/book-of-meme-price-prediction/