How are the coins Book of Meme (BOME), Xelis (XEL), and Retro (RTR) performing within the crypto market? Below, let’s take a look at an overview of their current and future prices and the latest news concerning them.
Summary
BOME on the rise: a 14% increase in the crypto market
In a cryptocurrency market dominated by the bull, Book of Meme has recently recorded a significant increase of 14%. This result follows a positive day for memecoins, with few others matching the performance of BOME.
A few days ago, in fact, the cryptocurrency market was up by 1.8%, largely thanks to the presidential debate between Donald Trump and Joe Biden.
The shaky performance of Biden has led to calls for resignation, increasing the chances that Trump might reclaim the office. Trump, a known supporter of Bitcoin during his campaign, has positively influenced the cryptocurrency market.
In particular, the memecoin have benefited the most from this context, with the market capitalization of the sector increasing by 3.8% in recent days.
Elon Musk, business magnate and enthusiast of memecoin, emphasized the importance of memes in the context of the debate, stating on X that memes were the ‘clear winners’.
BOME jumped by 15%, retreating slightly, but maintaining an increase of 6% and a rise of 12% compared to previous weeks.
Currently, BOME is valued at approximately $0.01007 with a market capitalization of $713 million and a trading volume of $215 million in the last hours, up by 233%.
The current trend of BOME prices has attracted the attention of analysts. Commentator Zen predicts a movement towards $0.013 in the coming days, indicating a potential gain of 30%.
Adopting a long-term perspective, the well-known trader Crypto Knight suggests that BOME could reach $0.037.
Xelis (XEL): analysis of the recent drop in comparison with the crypto BOME and RTR
In the last 24 hours, the daily trading volume of Xelis (XEL) has been 185,447 USD, marking a decrease of 14.10% compared to the previous day and indicating a decline in market activity.
The maximum price ever reached by Xelis (XEL) was 37.11 USD, recorded on May 28, 2024, about a month ago. Currently, the price is 61.92% lower than that all-time high.
The minimum price recorded for Xelis (XEL) was 9.38 USD, reached on June 24, 2024, just eleven days ago. In comparison, the current price is 50.69% higher than that all-time low.
The fully diluted valuation (FDV) of Xelis (XEL) is 1,792,644 USD. This figure represents the theoretical maximum market capitalization, assuming that all 18 million XEL tokens are currently in circulation.
However, according to the XEL token issuance schedule, it may take many years to reach the FDV.
In the last seven days, the price of Xelis (XEL) has increased by 14.00%, outperforming the global cryptocurrency market, which has instead decreased by 6.50%. This growth indicates a resilience of XEL in a generally negative market context.
Trend and prices of Retro (RTR)
The cryptocurrency Retro (RTR) has sparked growing interest in the cryptocurrency market. Retro (RTR) was launched on the market with the aim of offering an innovative solution for digital transactions.
There are some significant trends in the price movement of RTR. After the launch, RTR experienced a period of volatility, typical of new cryptocurrencies.
The initial prices were relatively low, but they increased rapidly as the initial investors showed interest.
Like many emerging cryptocurrencies, RTR has experienced growth spikes in response to specific market events, such as partnership announcements or technological improvements.
These peaks, however, were followed by market corrections, leading to a stabilization of prices.
In the medium term, RTR has shown a mixed trend. The cryptocurrency has gone through phases of slow but steady growth, interspersed with periods of stagnation or slight decline.
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