BOME Token Soars by 2700% Following Binance’s Major Announcement, Fueling MemeCoin Frenzy
Key Points:
– The value of the BOME token has skyrocketed by over 2700% to $0.02552 with a market capitalization of $1.4 billion.
– Binance has introduced the USDS-M BOME Perpetual Contract, offering traders up to 50x leverage, which has contributed to the rise in BOME’s price.
– Bybit is also listing BOME/USDT pairs on its platform, further boosting investor confidence and paving the way for future growth.
– The surge in BOME prices is part of a broader trend in the Solana ecosystem, driven by Solana’s recent price increase.
– A trader turned $645k into $4.3 million in just two days by trading BOME tokens on the Solana website.
– As BOME continues to gain attention and its price rallies, the crypto community eagerly awaits further developments.
Story Highlights
The value of the BOME token has experienced an astonishing surge, increasing by more than 2700% in recent weeks to reach $0.02552, with a market capitalization of $1.4 billion. This remarkable rally closely follows Binance’s unexpected announcement of launching the USDS-M BOME Perpetual Contract.
Binance, a prominent cryptocurrency exchange, has made a significant impact with its latest revelation. The exchange has introduced the USDS-M BOME Perpetual Contract on its futures platform, offering traders the opportunity to leverage up to 50 times. This expansion of trading options injects fresh momentum into BOME’s price trajectory, while simultaneously providing users with increased trading opportunities.
Scheduled for launch on March 16, 2024, at 12:30 (UTC), the BOME USDT Perpetual Contract underscores Binance’s commitment to delivering trading possibilities to its users.
Moreover, Bybit, another influential exchange, has disclosed its intention to list BOME/USDT pairs on its platform. This dual endorsement from major exchanges strengthens investor confidence in BOME’s potential, laying the foundation for further growth.
The surge in BOME prices aligns with the broader trend observed in the Solana ecosystem. The recent price increase of Solana has attracted significant investor attention towards Solana-based altcoins, including BOME.
Earlier, Coinpedia highlighted a remarkable cryptocurrency trade in which an anonymous trader turned $645k into $4.3 million within a mere two days by trading BOME tokens on the Solana website.
As of now, the BOME price has surged to $0.02527, accompanied by a substantial increase in trading volume, reaching $2.39 billion. With BOME continuously making headlines due to its impressive price rally, the cryptocurrency community eagerly awaits further developments.