The recent surge in popularity of meme tokens has been notable, with Book of Meme (BOME) being one of the altcoins that has gained significant attention. This surge has also brought more interest to Solana (SOL), although both BOME and SOL have been affected by the downward trend in the market. BOME, in particular, has shown remarkable growth in the past month, contributing to the positive momentum of Solana.
BOME Sees a 1500% Increase
Based on data from 21milyon.com, BOME saw a substantial 1500% increase in value last month, with SOL also experiencing a 53% growth. The social volumes for both cryptocurrencies surged between March 16-18, but in the last 24 hours, the prices have remained relatively stable. BOME was trading at $0.01461, while SOL's value was $196.86. Despite a decrease in trading volume for both coins by 28% and 38%, respectively, BOME managed to reach an all-time high without significant liquidation.
BOME’s April Forecast
If BOME continues its bullish trend in April, there is a possibility of surpassing its all-time high. This could also have a positive impact on Solana's price in the upcoming month. Analysts have noted an ascending triangle formation in SOL's price, suggesting a potential bull rally. The Relative Strength Index (RSI) indicates an uptrend with a sharp rise, hinting at a bullish period for both BOME and SOL in the second quarter.
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