Book of Meme Price Prediction: BOME Plunges 8% as This AI Meme Coin ICO Surpasses $2 Million. Will the next cryptocurrency explode?

adminMay 17, 2024

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Book of Meme’s price has plummeted 8% over the past 24 hours, trading at $0.01165 as of 1:34 AM ET, with volume plummeting 25%.

BOME isn’t the only meme coin in red as the carnage extends across the sector. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are all posting losses of nearly 5%. This comes after the price of Bitcoin fell below the $66,000 level. The only meme coins currently pumping are PORK, MANEKI and ELON.

Meme of the day Coin Bubble 🫧$PORK +9.9% 🟢@PorkCoinETH pic.twitter.com/dK0VW6LO2A
— vbart (@vbart_eth) May 17, 2024

Meme price prediction book

Based on the daily chart below for the BOME/USD trading pair, the Book of Meme price is facing resistance due to the 78.6% Fibonacci level at $0.01186. This level has caused BOME prices to stagnate since April.

Therefore, a stable move and close above the aforementioned levels will result in more buy orders flowing in. The ensuing buying pressure could see Book of Meme price enter the Fibonacci golden zone, extending from the 61.8% Fibonacci retracement level at $0.01544 to the 38.2% Fibonacci retracement level at $0.02047.

In the Fibonacci Golden Zone, traders look for a possible continuation or reversal of a trend based on price action within this range. If the price breaks above the 38.2% retracement level, it could indicate a strong support area. Below the 61.8% retracement there is a strong resistance area based on past price movements.

The Relative Strength Index (RSI) continues to record higher lows, indicating growing bullish momentum and corresponding sentiment. The green histogram of Moving Average Convergence Divergence (MACD) supports this view. Moreover, MACD is moving above the orange band of the signal line, further emphasizing the bullish view.

Traders looking to take a long position in BOME should wait until the Book of Meme price closes above $0.01186. However, it may be safer not to be overly ambitious. Conservative traders would be better off taking profits positioned just below the important 61.8% Fibonacci retracement level of $0.01544.

book of memes

GeckoTerminal: BOME/USD 1-day chart

converse case

If the 78.6% Fibonacci retracement level of $0.01186 holds as resistance, the Book of Meme price may pull back. A slip below the 7-day Smooth Moving Average (SMMA) $0.01098 would put BOME price on a cliff, ready for a rollover to the low range of $0.00730.

For this reason, traders looking to take a short position on BOME might consider waiting for it to drop below the aforementioned moving averages.

Meanwhile, new meme coin WienerAI (WAI) has surpassed $2 million in funds raised in its ICO. 99Bitcoins, a popular cryptocurrency YouTube channel with over 700,000 subscribers, believes $WAI has the potential to explode 100x after launch.

A promising alternative to Meme’s book

WienerAI cleverly integrates two of the most popular niches in the cryptocurrency world: meme coins and AI.

On the meme coin side, WienerAI combines the canine faithfulness of a dachshund with a playful nod to tasty sausages, providing more laughs than a bog-standard AI coin and more utility than most meme coins.

As for AI, the project recently added user-friendly AI-enhanced trading, seamless swap functionality, and commission-free trading bots to its platform. As a WAI token holder, you will have access to the project’s predictive technology, simple yet comprehensive interface, and endless features. WienerAI’s trading bot gives you an edge over other traders, putting you ahead of the game.

The groundbreaking meme token and trading bot unites the worlds of artificial intelligence (AI), dog loyalty, and cryptocurrency trading into one global movement.

WienerAI is more than just a trading bot
Your AI trading companion!
More details coming soon! pic.twitter.com/HG5C0tE6Rk
— WienerAI (@WienerDogAI) May 14, 2024

WAI aims to emulate and surpass the success of other top dog-themed meme coins such as Dogecoin and Shiba Inu. This is similar in some ways to Scotty the AI ($SCOTTY), an AI meme coin that raised over $10 million in an ICO earlier this year.

Do not leave your dog on a leash.
Let’s fly 🚀 pic.twitter.com/ofLP1CxPxT
— WienerAI (@WienerDogAI) April 28, 2024

Buy and Stake WienerAI

Investors can earn a 493% Annual Percentage Yield (APY) with $WAI. The development team has set aside 20% of the 69 billion token supply for staking rewards. More than 2.098 billion WAI tokens have been staked so far.