BOME Price today

BOME Coin is an innovative cryptocurrency that merges the playful essence of memes with advanced decentralized storage solutions and speculative crypto trading. As part of the Book of Meme (BOME) project, it aims to revolutionize Web3 meme culture by creating a dynamic and comprehensive digital collection.

BOME Project and Features:

The Book of Meme encompasses an updatable electronic magazine, a meme creation tool, and a vast meme library. Built on Solana by the artist behind the Pepe meme coin, it leverages Arweave, IPFS, and other technologies for data storage. It also functions as a social platform for cross-chain storage, with future plans to link all related content to a single NFT.

BOME Utility:

Unlike typical meme coins that rely on hype, BOME aims to establish a comprehensive ecosystem:

• Updatable Decentralized Electronic Magazine: BOME plans to create a permanent, verifiable repository for memes, using blockchain to safeguard meme history from disappearing due to platform changes.
• DF1 Meme Enhancer: This tool adds retro-inspired pixel noise and glitch effects to memes, recalling the digital frontier of 1994.
• Decentralized Meme Social Network App: A platform designed for meme creation and sharing, fostering an interactive and community-driven experience.
• CC0 Meme ClipArt Gallery: A library of memes licensed under Creative Commons Zero, allowing free sharing and modification without copyright restrictions.

Recent Popularity and Market Growth:

In March 2024, Darkfarms, a well-known crypto artist, initiated a presale for BOME Coin, inviting participants to contribute Solana (SOL). The presale raised over 10,000 SOL (about $2 million), launching BOME at $0.0000496. Within two days, the price surged to $0.02805, with a market cap nearing $1 billion, driven by community excitement and a 23,000% increase.

BOME Coin, operating on Solana's SPL standard, has quickly become a notable player in the crypto market, reflecting its unique blend of humor, technology, and community engagement.

BOME Coin Technical Specifications:

• Token Name: Book of Meme
• Symbol: BOME
• Blockchain: Solana
• Contract Address: ukHH6c7mMyiWCf1b9pnWe25TSpkDDt3H5pQZgZ74J82
• Total Supply: 68,999,659,569 BOME
• Circulating Supply: 55,199,727,655 BOME
• Market Capitalization: 77,173,287.42 USD 
• 24h Trading Volume: 5,412,188.75 USD
• Current Price: 0.00112 USD 

BOME Coin Tokenomics:

• Presale (50%): Half of the tokens were allocated to a presale, allowing early investors to purchase BOME before public release.
• Liquidity Pools (30%): Allocated to ensure smooth trading on exchanges, making BOME readily available for transactions.
• Community Fund (20%): Reserved for initiatives such as marketing, community development, and rewarding contributors.

What Factors Influence the Daily Value of BOME Coin?

When it comes to what affects the price of BOME Coin daily, a few key things come into play. Here’s a breakdown:

• Supply and Demand: It’s pretty basic economics here. If lots of people want to buy BOME Coin but there aren’t many available, the price goes up. If there are more coins available than people want to buy, the price drops.
• Market Sentiment: How people feel about BOME Coin can really drive its price. Positive news, celebrity endorsements, or hype on social media can make the price shoot up. On the flip side, bad news or negative hype can drag the price down​​.
• Economic Indicators: Bigger economic factors like inflation rates and interest rates also play a role. When the economy is doing well, people are more likely to invest in cryptocurrencies like BOME Coin. During tougher economic times, investors might pull back.
• Technological Developments: Any updates or improvements to BOME Coin’s technology can boost its value. New features or better security can attract more users and investors, driving up demand​​.
• Regulatory Environment: Government rules and regulations around cryptocurrencies can have a big impact. Friendly regulations can boost investor confidence and prices, while strict or negative regulations can cause prices to drop​​.
• Cost of Production: The cost to produce new BOME Coins, like mining costs, can affect the price too. If mining becomes more expensive, and the rewards justify the costs, the price can go up​.
• Market Capitalization: This is just the total market value of BOME Coin, calculated by multiplying the total number of coins by the current price. A higher market cap usually means a more stable and established coin​​.

How to Safely Trade BOME Coin?

Trading BOME Coin can be lucrative but involves risks. Here are some tips to trade safely:

• Choose a Reputable Exchange: Opt for well-known, regulated exchanges like ONUS, which offer strong security, clear fees, and good customer support.
• Enable Two-Factor Authentication (2FA): Enhance security by adding 2FA to your account to prevent unauthorized access.
• Use Secure Wallets: Store your cryptocurrencies in secure, preferably hardware, wallets to protect against hacks and theft.
• Stay Informed: Keep up with market trends, regulatory news, and economic indicators to make informed decisions.
• Implement Risk Management Strategies: Use stop-loss orders and diversify your portfolio to minimize potential losses.
• Educate Yourself: Continuously learn about crypto trading and market analysis to improve your skills.

By following these practices and utilizing the tools and resources from ONUS, you can trade BOME Coin more safely and effectively.