Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    NewsBlockchainCrypto

    Robinhood Launches Tokenized Stock Trading Platform for EU Users

    Robinhood is going into the future of financial markets with its latest…

    By
    Jane Omada Apeh
    May 8, 2025
    Robert Kiyosaki Bitcoin
    NewsCryptoMarket
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    May 8, 2025
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    MarketCryptoNews
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    May 8, 2025
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    NewsCrypto
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    May 8, 2025
    SOL Strategies Solana
    NewsCryptoMarket
    SOL Strategies Buys More Solana: $500M War Chest Signals Institutional Confidence
    May 8, 2025
  • Cryptocurrency
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    Robinhood Launches Tokenized Stock Trading Platform for EU Users
    7 Min Read
    Robert Kiyosaki Bitcoin
    Robert Kiyosaki Warns of “Biggest Crash Ever,” Says Buy Bitcoin Not Gold
    8 Min Read
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    How Bitcoin’s $100K Run Fuels Altcoin Surge: ETH, SOL, XRP Price Patterns Turn Bullish
    13 Min Read
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    Bitcoin in the Budget? Texas Pushes Forward With Bold Crypto Reserve Plan
    6 Min Read
    SOL Strategies Solana
    SOL Strategies Buys More Solana: $500M War Chest Signals Institutional Confidence
    6 Min Read
    Jack Mallers' Strike Launches Bitcoin-Backed Loans in 26 U.S. States
    Jack Mallers’ Strike Launches Bitcoin-Backed Loans in 26 U.S. States
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Book of Meme (BOME) Navigating Market Decline and Investor Sentiment
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Book of Meme (BOME) Navigating Market Decline and Investor Sentiment
News

Book of Meme (BOME) Navigating Market Decline and Investor Sentiment

book of memee
dadmin
Last updated: August 1, 2024 7:51 am
By
dadmin
Published August 9, 2024
3 Min Read
Share

Book of Meme (BOME) has faced a significant decline, currently trading at $0.009857, reflecting an 11.57% drop over the past 24 hours. This sharp decline places Book of Meme among the top losers today, indicating increased market volatility and potential investor unease.

With a market capitalization of approximately $679.73 million, Book of Meme is ranked as the 95th largest cryptocurrency by market cap. This valuation highlights its considerable presence in the cryptocurrency market, despite the recent downturn. The substantial market cap suggests a significant level of investment and market confidence, although the recent trend indicates a shift in sentiment or increased selling activity.

The 24-hour trading volume for Book of Meme is $284.22 million, marking a 25.39% increase from the previous day. This surge in trading volume results in a volume-to-market cap ratio of 42.03%. A high volume-to-market cap ratio indicates that a significant portion of Book of Meme’s market cap is being actively traded, reflecting substantial market activity and liquidity. Despite the increase in trading volume, the continued decline in price suggests that market participants may be reacting to negative news or broader market trends.

Book of Meme has a circulating supply of 68,961,771,856 BOME, which matches its total supply. This means that there are no additional tokens expected to be released into the market, contributing to the asset’s scarcity and potentially affecting future price dynamics. The fully diluted market cap, representing the market value if the entire supply were fully in circulation, is approximately $676.22 million. Since the circulating supply matches the total supply, the fully diluted market cap is nearly equivalent to the current market cap.

The alignment between the circulating supply and the total supply, coupled with the absence of a maximum supply cap, suggests that Book of Meme’s supply dynamics are straightforward and predictable. However, the recent sharp decline in price despite high trading volume indicates significant market volatility and potential concerns among investors.

Overall, Book of Meme (BOME) presents a complex profile in the cryptocurrency market. Its significant market cap and high trading volume reflect an active market presence and substantial liquidity. However, the sharp decline in price and high volume-to-market cap ratio suggest heightened volatility and potential investor unease.

Investors should closely monitor Book of Meme’s ongoing market performance and any relevant news or developments that could impact its future outlook. The current metrics indicate that while Book of Meme is a notable asset within the cryptocurrency market, it is currently experiencing significant volatility. As always, a careful assessment of market conditions, news, and broader trends is essential for making informed investment decisions in the dynamic and often unpredictable cryptocurrency sector.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Bitcoin and Ethereum Dominate as Institutional Money Roars Back Into Crypto With $2B Surge

XRP vs Ethereum in 2025: Is the King of Altcoin at Risk of Losing Its Crown?

Nigeria Cracks Down on Crypto Scams Offenders Face 10-Year Jail Terms

Ripple vs. SEC: Legal Battle Heats Up Again, XRP Price Takes a Hit

Breaking Records: Solana-Based Pump.Fun Skyrockets in Popularity!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Designer 20 XEDI Advanced Security Features Safeguard Retail Supply Chains Against Cyber Threats
Next Article aave Aave Ascends Analyzing the Recent Surge in DeFi’s Leading Platform
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English