Could BOME’s 1500% spike in just one particular month drive Solana up to $250?

  • Remarkable news! SOL has found a slight movement in the previous working day.
  • The soaring achievements of BOME could positively affect SOL’s price as well. 

Meme coins have been all the rage recently, with one standout becoming Ebook of Meme [BOME], which has played a function in boosting the recognition of Solana [SOL].

Even so, with a bearish industry swing, each of these cryptocurrencies have felt the squeeze. 

How Solana and BOME supported every single other

In excess of the previous month, BOME has revealed remarkable development, contributing to Solana’s spectacular general performance.

As per CoinMarketCap, BOME’s price surged by just about 1500% in the very last month, main SOL to increase by about 53%.

Furthermore, their social volumes saw a important spike amongst March 16th and 18th, showcasing a potent local community fascination in both of those tokens.

Source: Santiment

At present, each tokens carry on this parallel movement with minimal fluctuations in price ranges about the very last 24 several hours. BOME is valued at $.01461, even though SOL stands at $196.86. Furthermore, their trading volumes have dropped by 28% and 38% respectively. 

Could heritage repeat alone?

Given the close correlation between these two cryptocurrencies, AMBCrypto strategies to appraise their opportunity to enhance each other in Q2 2024.

A appear at Hyblock Capital’s facts implies that BOME has home for a bullish operate devoid of struggling with fast liquidation stress, likely signaling a bullish pattern in April with the probability of surpassing its all-time high. 

Source: Hyblock Funds

Ought to BOME kick off a bullish rally, this could propel SOL’s rate upwards in the coming month. An examination of SOL’s day by day chart implies a bullish sample, hinting at a likely breakout and yet another bullish craze for SOL. 

Discover Solana’s [SOL] Cost Prediction for 2024-25

Moreover, SOL’s Relative Energy Index (RSI) is demonstrating a bullish development, reinforcing the potential for both cryptocurrencies to kickstart a bull operate at the starting of Q2.

Supply: TradingView

Upcoming: MATIC holders, you have cause for concern IF…

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