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Memecoins on the Rise: Dogecoin and Book of Meme Lead the Charge

Published 06/05/2024, 05:45 PM
Updated 06/05/2024, 06:15 PM
Memecoins on the Rise: Dogecoin and Book of Meme Lead the Charge

  • Crypto users embrace DOGE and BOME in current bull cycle.

  • Both memecoins align despite coming from different eras.

  • All top 10 memecoins surged in the past 24 hours.

Dogecoin (DOGE) and Book of Meme (BOME) are surging in tandem, leading the charge among memecoins in the current crypto bull run.

Despite launching at different times, both memecoins exhibit correlated price movements, as evidenced by their nearly identical daily chart patterns. However, DOGE and BOME possess unique characteristics, suggesting they might endure the coming bull cycle.

DOGE currently holds the undisputed crown as the top memecoin on CoinmarketCap, boasting a hefty market cap of $23.68 billion. This dog-themed favorite rose to prominence during the last bull run, fueled by endorsements from Tesla CEO Elon Musk and a meteoric price surge. While DOGE dipped during the bear market, it appears to be regaining its former vigor.

BOME, a newcomer launched in March, sits at number 8 on CoinmarketCap with a market cap of $929.2 million. Though it hasn’t witnessed a bull cycle yet, BOME’s trajectory mirrors DOGE, even down to its daily chart trends. Notably, both memecoins gained roughly…

The post Memecoins on the Rise: Dogecoin and Book of Meme Lead the Charge appeared first on Coin Edition.

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