Meme coins stay on top as FLOKI, BOME, DOGE lead markets

Recent data highlights notable price and trading fluctuations in meme coins such as FLOKI, Book of Meme, and DOGE.

FLOKI has seen a significant increase in its price and trading volume over the last 24 hours. The token’s price has surged by 10.54% to $0.0002047. This growth has elevated its market capitalization by 10.05% to $1.95 billion, ranking it 51st in the crypto market. Additionally, its trading volume has soared by an impressive 225%, reaching $573.05 million.

In a recent X analysis, crypto analyst Captain Faibik highlighted a promising trend for FLOKI. According to his observations, FLOKI is currently breaking out of a bullish pennant pattern on the daily timeframe chart, suggesting a highly optimistic outlook for the midterm. The analyst expects a bullish rally of 180% to 200% for FLOKI.

24-hour chart of FLOKI from CoinMarketCap

Book of Meme (BOME), another meme coin, experienced a 4.60% rise in price to $0.01137. Its market capitalization has increased by 4.54% to approximately $784.44 million, positioning it at 96th in the market standings. According to CoinMarketCap, the trading volume for BOME also increased by 122.35%, totaling $620.69 million.

A user known as shatter.sol on the Solana network experienced a mixed fortune with BOME token, reported. On March 13, the user bought 170.25 million BOME tokens for 50 Solana (SOL), equivalent to $8,500.

The following day, the tokens were sold for 767 SOL, valued at around $130,000. However, a surge in the token’s value the next day meant the Solana user missed out on a potential $950,000 profit.

Meme coins stay on top as FLOKI, BOME, DOGE lead markets - 2
24-hour chart of BOME from CoinMarketCap

DOGE, also known as the original meme coin, has witnessed a 3.8% increase in its price, now at $0.1532. Its market capitalization has grown by 4.33%, reaching $22.11 billion and securing the ninth rank among cryptocurrencies. According to CoinMarketCap, the trading volume for DOGE has risen by 103.73% to $2.11 billion.

Crypto trader AutoMcNatic recently tweeted about DOGE, suggesting a potential upward movement for the token. According to the post, if DOGE’s price exceeds $0.15, it could be set to rise towards $0.22, emphasizing the importance of macroeconomic factors.

Meme coins stay on top as FLOKI, BOME, DOGE lead markets - 3
24-hour chart of DOGE from CoinMarketCap also reported earlier today that Pepe (PEPE) surged 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 suggests it is currently overvalued, indicating potential high price volatility.

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