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BOOK OF MEME

BOOK OF MEME Performance

Live bome Price

₹ 0.7359

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0.37%

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₹ 0.00272283

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0.37%

24h Low

₹ 0.71

24h High

₹ 0.7392

BOOK OF MEME Value in Currency

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What is Book of Meme (BOME)?

The Book of Meme is a relatively new meme coin launched in March 2024. The project was designed to immortalize meme culture on the blockchain by leveraging decentralized storage solutions like Solana, Arweave, and IPFS. The project has its own token called BOME which is used as a medium of exchange on the Book of Meme platform, as a governance token, and also to engage with NFTs. 

Who founded Book of Meme (BOME)?

The Book of Meme is a relatively new meme coin launched in March 2024. The project was designed to immortalize meme culture on the blockchain by leveraging decentralized storage solutions like Solana, Arweave, and IPFS. The project has its own token called BOME which is used as a medium of exchange on the Book of Meme platform, as a governance token, and also to engage with NFTs. 

Who founded Book of Meme (BOME)?

Book of Meme (BOME) was founded by anonymous developer Darkfarms1 who is also known as the creator of the popular meme coin Pepe. 

Primary features of Book of Meme (BOME)

• BOME token: BOME token plays a significant role with utilities such as a medium of exchange, a governance token, and engaging with NFTs. 

• Strong community backing: BOME leverages the support and contribution of the meme community, garnering massive attention and support. 

• NFT integration: BOME is linked to Bored Ape Yacht Club (BAYC) NFTs, allowing users to stake BAYC NFTs to earn $BOME tokens. 

• Decentralized storage: BOME is built on the Solana blockchain and it uses Arweave and IPFS for decentralized storage.

Is BOME a promising cryptocurrency?

BOME is a new meme coin that was launched in the crypto market in March 2024. The token, with its unique blend of memes and NFTs, is backed by a strong community and has garnered popularity. As of early October, BOME is the #132 crypto by market capitalization and #66 by trading volume, showing investor interaction with the meme coin. Unlike other meme coins, BOME’s utility since its inception and its integration with the popular NFT collection Bored Ape Yacht Club (BAYC) make it a promising meme coin. 

Download the CoinSwitch app to invest in BOME.

How do I use BOME?

• BOME can be traded, bought, and sold from crypto exchanges. 

• BOME is used to create, store, and share memes on the Book of Meme platform.

• The token is also used to reward meme creators.

• Bored Ape Yacht Club (BAYC) NFT holders can stake their NFTs to earn BOME tokens.

Pros & Cons of Book of Meme (BOME)

Pros

• BOME has strong community support, boosting its popularity and adoption.

• BOME token has multiple utilities such as a medium of exchange, a governance token, and engaging with NFTs.

• The platform offers a decentralized platform for unrestricted meme creation and sharing.

Cons

• BOME is subject to extreme price fluctuations, which might impact its price. 

• The meme coin market is very competitive and newer meme coins like BOME face strong competition from popular meme coins. 

• Being built on the Solana network, BOME relies on Solana a lot.

How to trade in Book of Meme (BOME) on CoinSwitch?

• To trade in BOME on CoinSwitch, download the app.

• You can start with as low as ₹100.

• Trade in over 200+ cryptos and manage your portfolio seamlessly.

Book of Meme (BOME) ICO summary

There is no information available on the Book of Meme (BOME) Initial Coin Offering (ICO) as most meme coins tend to follow this trend. 

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FAQ's on BOOK OF MEME

1. What is the Book of Meme (BOME) coin?

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The Book of Meme (BOME) is a newly launched memecoin built on the Solana blockchain, designed to celebrate and preserve meme culture within a decentralized framework. It aims to merge meme culture with blockchain technology, allowing for unique content preservation and community engagement in the Web3 space. The project is characterized by its goal of redefining how memes are stored and shared in the digital age.

2. How does Book of Meme (BOME) cryptocurrency work?

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The Book of Meme (BOME) operates by integrating meme culture with blockchain technology, specifically on the Solana network. It aims to preserve memes by embedding them onto decentralized storage platforms like the InterPlanetary File System (IPFS) and Arweave. This process not only immortalizes the creativity of memes but also enhances community engagement within the Web3 environment. BOME combines decentralized storage solutions with trading and gaming elements, making it a multifaceted platform for meme enthusiasts.

3. Is Book of Meme (BOME) safe?

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Investing in Book of Meme (BOME) carries significant risks typical of meme coins. Key concerns include high volatility, which can lead to rapid price fluctuations and potential financial loss [1]. Additionally, the project is relatively new in the crowded crypto space, and while it aims to preserve meme culture on the blockchain, its long-term viability and security are not yet established. As with any cryptocurrency, potential investors should carefully assess their risk tolerance and perform due diligence before investing.

4. Is Book of Meme (BOME) a good investment?

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Investing in Book of Meme (BOME) can be risky, as it is classified as a meme coin and tends to exhibit high volatility similar to other cryptocurrencies. Price predictions suggest that BOME could reach around $0.0229 by the end of 2024 and possibly $0.10 in 2025, indicating potential for growth. However, investors should approach with caution, considering the speculative nature of such assets and the overall market trends.

Highlight

Book of Meme is a decentralized platform created as an immutable forever storage for memes.

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Book of meme Price Statistics

BOME Price Today

BOME Price

₹0.7359

Price Change 24h

percent_change_icon

0.37%

Price Change 7d

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19.79%

Market Rank

#155

Market Cap

₹4,712 Cr.

Trade Vol 24h

₹1,497 Cr

Circulating Supply

₹6,896 Cr. BOME

Trading Activity

84% Buy16% Sell

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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