BOME Trading Volume Grows Rapidly – ??BOME Bulls Poised to Overtake Shib

The recent rise of BOME

BOME has seen a significant increase in price and volume over the past 24 hours, showing increasing interest from traders and investors. BOME price increased by 6.4% and trading volume increased by 13.4%, totaling an impressive $1.5 billion.

The surge in trading activity puts BOME ahead of Shiba Inu, a cryptocurrency often referred to as the “Dogecoin killer,” with trading volumes reaching $1.2 billion during the same period.

The buzz surrounding BOME is caused by a number of factors, such as being listed on a major cryptocurrency exchange.

In addition to listing numbers, BOME's derivatives data also showed further investor optimism. Trading volume increased significantly by 30%, with open interest reaching $143.4 million, indicating strong demand for the memecoin.

Specifically, traders have become more active over the past 24 hours as the number of liquidations increased, mostly from long positions.

As BOME continues to challenge established players in the cryptocurrency space, questions remain about its long-term stability. Will BOME become a strong contender, maintain its momentum and gain significant market share, or will it fall victim to volatility and fall like most meme coins?

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