Book of Meme (BOME) is up by 54% on the biweekly and over 7% on the daily chart. Can the memecoin sustain this rally throughout 2024?
Cutoshi follows closely, up 46%, currently in the second stage of its presale.
BOME Is Preserving Digital Humor For Posterity
Book of Meme stands as a testament to the bizarre humor found in crypto and other less visited spaces on the web. Beyond creating fun and sarcastic memes, BOME has a mission. They want to use Solana, ARweave, and Filecoin Web3 internet standard, IPFS, to preserve memes in an indestructible way on the blockchain.
The creator of BOME often reaches out to his community to ask them for inspiration of what he can draw next, quick to jump on crypto trends and insider jokes.
From a price perspective, the recent spike in the price of Book of Meme (BOME) appears to be more than just a short-term rally, with Open Interest (OI) reaching a record level of $161.97 million. This rise in OI, indicates growing engagement from traders.
Additionally, BOME’s trading volume surged to $659.06 million, the highest it’s been since May. This sharp increase in both OI and volume suggests growing speculative interest, potentially setting the stage for further gains. Traders are now watching for a breakout that could propel BOME to lose another zero or two in the near future.
BOME is currently trading at $0.009569, up 9% on the weekly.
Cutoshi Potentially Following BOME’s Footsteps?
Like BOME, Cutoshi is a memefi coin with a deeper aim. Cutoshi is inspired by the Chinese Lucky Cat – a symbol of luck and prosperity. Its ecosystem is based upon Satoshi Nakamoto’s vision – decentralization, privacy, and monetary freedom for all. The aim of the project is to achieve this by building a suite of DeFi products, starting with a peer-to-peer and cross-chain DEX. The cross-chain SEX makes it easy for people to move their money across chains and trade easily.
This is just the start of their roadmap, with a whitepaper that lays out a vision for many DeFi activities such as yield farming, staking, buying things with the native token CUTO, and a learning academy to make understanding DeFi entertaining and enticing.
Cutoshi has been attracting many members to their new community, understanding, as the best projects do, that in Web3, supporters and co-creators are vital. Over $500,000 of CUTO has been sold as the coin received a listing from CoinMarkeCap this week.
CUTO is up by 46% since the initial presale launch, set to rise once the current stage of presale ends.
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