As one of the most popular meme coins in the market, BOME has a circulation market value of approximately $667 million. Investors have shown great interest in whether BOME can replicate the more than 10-fold increase of PEPE in February and March this year. According to market analysis, there is a view that a sharp rise in BOME may be imminent.

Since BOME landed on Binance in March, after 7 months of market washing, the price once fell to a low of about $0.0052. By observing the price trend of BOME, it can be found that it is similar to the trend of PEPE after it was listed on Binance, although there are differences in time. The subsequent performance of PEPE is well known, which also gives the market expectations for the future performance of BOME.

From the perspective of trading volume, the trading volume of BOME in the week starting October 14 has reached a new high since April. With the BTC price reaching $69,000 for the first time since 8.5, the daily trading volume of BOME has also reached about $300 million. This trading volume is already very high among cryptocurrencies other than mainstream currencies such as BTC, ETH, and BNB. In addition, the Solana chain where the BOME coin is located has recently seen the emergence of the Golden Dog GOAT, whose market value has reached more than $400 million in more than a week. The price of the Solana chain itself has also risen, showing that the heat on the Solana chain is still very high, which are all signals that the market may be about to rise.

However, there are also views reminding investors that although the current price of BOME coin is $0.0097, it does not mean that a 10-fold return can be expected immediately. In many projects, especially those that have experienced the crazy pull of Meme coins, the crazy rise of BTC is often a prerequisite. Therefore, it may be necessary to wait for BTC to hit a new high before expecting a sharp rise in BOME coins. The background of the continued pull of PEPE, BONK and other coins after landing on the Binance exchange was that BTC was in the process of the main rising wave.