BOME has seen renewed inflows on the back of the positive United States Consumer Price Index (CPI) which has flipped market sentiments. The wider crypto market has seen renewed flows with Bitcoin hitting $66,000. These bullish upticks have led to a rally in memecoin prices across the board.
BOME and BONK have both recorded inflows wiping off some parts of previous losses recorded due to market fluctuations. However, although BONK is the bigger asset, BOME has notched higher showy-term inflows with bulls anticipating more flows similar to Q1 2024 numbers.
BOME To Displace BONK?
At press time, BONK is the sixth largest memecoin by market cap while BOME follows closely in seventh. The market capitalization of both assets stands at $1.68 billion and $849 million respectively. BOME has seen 8% daily inflows pushing its price to $0.01235. Weekly surge to the asset has grown above 20% while 30-day movement is at 49.4%.
This giant leap of the asset has ignited bullish momentum upwards w
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