New data reveals significant price and trading fluctuations in meme coins like FLOKI, Book of Meme, and DOGE.
FLOKI has experienced a notable surge in both price and trading volume in the past 24 hours. The token’s price has increased by 10.54% to $0.0002047, boosting its market capitalization by 10.05% to $1.95 billion, placing it at the 51st spot in the crypto market. In addition, its trading volume has skyrocketed by an impressive 225% to $573.05 million.
In a recent analysis by crypto expert Captain Faibik, a positive trend for FLOKI was highlighted. Faibik observed that FLOKI is currently breaking out of a bullish pennant pattern on the daily chart, indicating a highly optimistic outlook for the medium term. The analyst predicts a bullish rally of 180% to 200% for FLOKI.
Book of Meme (BOME), another meme coin, saw a 4.60% price increase to $0.01137. Its market capitalization rose by 4.54% to around $784.44 million, placing it at the 96th position in the market rankings. According to CoinMarketCap, the trading volume for BOME also surged by 122.35% to $620.69 million.
A user named shatter.sol on the Solana network had a mixed experience with BOME tokens, as reported by crypto.news. The user purchased 170.25 million BOME tokens for 50 Solana (SOL), equivalent to $8,500 on March 13. The following day, the tokens were sold for 767 SOL, valued at approximately $130,000. However, due to a subsequent increase in the token’s value, the Solana user missed out on a potential profit of $950,000.
DOGE, known as the original meme coin, has seen a 3.8% price increase, now trading at $0.1532. Its market capitalization has grown by 4.33% to $22.11 billion, securing the ninth position among cryptocurrencies. The trading volume for DOGE has also risen by 103.73% to $2.11 billion.
Crypto trader AutoMcNatic recently tweeted about DOGE, suggesting a possible upward movement for the token. According to the tweet, if DOGE’s price surpasses $0.15, it could potentially rise towards $0.22, highlighting the importance of macroeconomic factors.
Crypto.news also reported today that Pepe (PEPE) surged by 21% in the last 24 hours, now trading at $0.0000102. The frog-themed meme coin’s whale transactions increased by 416%, with a notable rise in exchange activity. The asset’s Relative Strength Index indicates that it is currently overvalued, signaling potential high price volatility.
For more information, read about the latest developments in the altcoin market and what lies ahead for Ethereum and other cryptocurrencies.