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Book of Meow is one of the latest cat-based meme coins running on Solana to both emerge and blow up post-launch. Despite being live for less than a week, the token has gone viral and was trending on platforms like DexTools as one of the hottest cryptocurrencies over the weekend.
Late on Saturday, April 6, the BOMEOW price reached an all-time high at $0.092, while its market cap climbed to $120 million several hours later. However, once the price approached $0.1, traders moved in to take profit, which led the price to a correction.
Even so, Book of Meow now sits 95% higher than at the time of launch, and its team has not been discouraged by the correction, and neither was its community.
Book of Meow Price Analysis: Is Another Rally About to Kick Off?
Book of Meow blew up quickly after launch, reaching a volume of $9 million only hours after it started trading.
This continued over the next week, and the project just managed to hit 10,000 followers on X, while the number of holders skyrocketed to 18,500.
On Monday, April 8, the BOMEOW price finds itself at its bottom after dropping 25% in the last 24 hours. However, the price also established a support at $0.020, with several technical indicators now suggesting a potential recovery.
The Relative Strength Index (RSI) value has been climbing from the oversold zone toward the neutral, which shows that the buyers have started accumulating BOMEOW once again, and it is only a matter of time before the price responds accordingly.
So, the number of holders and community members is on the rise, and so is the RSI value, while the price has found its bottom and is getting ready to pump back up again.
Dogecoin20 Set To Blow Up With Less Than Two Weeks Before CEX Listings
While Solana meme coins are dominating the market, Ethereum’s network will see the arrival of its own dog-based competitor in as little as two weeks, due to the arrival of Dogecoin20 (DOGE20).
This DOGE-inspired meme cryptocurrency has been the talk of the crypto industry for weeks now.
Its presale is still ongoing, although it already managed to reach its major goals. It raised over $10 million in only a few days.
Furthermore, its launch is scheduled for April 20, when the crypto community celebrates Doge Day.
As an Ethereum-based cryptocurrency, Dogecoin20 is an ERC-20 token. This provides it with certain capabilities that are not available on the original Dogecoin, including the ability to offer staking, a limited total supply, and an eco-friendly approach that reduces its carbon footprint to almost zero.
These are all the major differences between the two, while also acting as major strengths of DOGE20.
As such, it is a spiritual successor to the original Dogecoin, and while experts predict a major pump post-launch, opportunity seekers continue to rally around the project in hopes of it mirroring Dogecoin’s past success.
*Cryptonomist did not write the article or test the platform
