Meme coins have continued to occupy the market since their inception. DOGE, backed by Elon Musk, initially surged, followed by SHIB, which gained strength from Vitalik’s burns. Subsequently, many meme coins emerged and held significant positions in the market. PEPE reached its ATH in recent weeks but continues to decline today. So, which meme coin is rising amid the general market downturn?
BOOK OF MEME (BOME) Price Rises
In the midst of the Solana meme coin craze in March, BOME was perhaps the most attention-grabbing new project. Distributed quickly in exchange for funds sent to an address, BOME gathered a large following, surprising many with its rapid rise.
Following BOME, many projects attempted to enter the market similarly, but none have been as successful, at least for now. This situation has produced many new millionaires among BOME investors.
Today, BOME’s price challenges the entire market. While the market has a negative outlook in the last 24 hours, BOME has risen by 3.75%, as seen in the graph below. As of the time of writing, BOME’s price stands at $0.01039.
During this period, BOME’s market cap rose to $716 million, bringing it closer to the top 100 cryptocurrencies. BOME’s 24-hour trading volume is over $244.7 million.
What is DOGE’s Price?
In contrast to BOME’s rise, the rest of the market is experiencing a complete downturn. DOGE, the undisputed leader of meme coins, fell by 2.60% in the last 24 hours and by 11.74% in the last 7 days, with the price slightly above $0.14.
DOGE’s market cap stands at $20.4 billion, with a 24-hour trading volume of $785 million.
What is Shiba Coin’s Price in TL?
Meanwhile, attention was on Shiba Inu. Reports of increased whale activity in Shiba Inu created significant satisfaction in the market, although this had not yet been reflected in the prices. As of the time of writing, SHIB’s price stands at $0.00002118, following a 4.16% decline in the last 24 hours.
SHIB’s market cap is $12.4 billion, with a 24-hour trading volume of only $385 million.
Other significant projects at the top of meme coins, such as PEPE, WIF, FLOKI, BONK, and BRETT, also experienced noticeable declines. This situation suggests that meme coins, considered highly risky assets, might face a significant negative outlook due to Bitcoin’s decline.
