Bobo Coin Rallies Up 3,000% on Dextools but All Attention is on Wall Street Memes as the Next Crypto to Explode
The price of Bobo Coin (BOBO) has risen by over 200% in the past 24 hours, with its jump to $0.000000050417 representing a massive 3,000% since it first listed on Uniswap a couple of months ago.
This makes BOBO the latest in a growing list of meme tokens to have comfortably outperformed the market at times this year, although it remains about 23% down from its all-time high of $0.000000065803, which was recorded in early May.
This was when 2023's meme token craze was at its peak, with BOBO being one among many that has struggled to maintain its former highs, even if it has spiked today.
Yet while such meme tokens as BOBO appear to have already enjoyed their biggest rallies, some newer meme tokens still have their best days ahead of them, including Wall Street Memes (WSM), which has raised over $11.5 million in its presale.
Bobo has likely risen in the past 24 hours largely because of a mini-resurgence for meme tokens in general, with Pepe (PEPE) also up by 7% in the past hour and by 73% in the last 14 days.
As such, some market watchers believe that BOBO is basically riding the wave of renewed interest in meme tokens, with one possible interpretation of its out-performance of PEPE being that it has much lower liquidity and so is easier to pump.
This market-wide recovery for meme tokens has worked in BOBO's favor, with the token among the most-trending cryptocurrencies in the market today.
Of course, as with most other new meme tokens, BOBO has basically nothing going for it in terms of fundamentals, meaning that it's pretty vulnerable to a correction downwards, despite its joys today.
More cautious traders may therefore prefer to look at something that has more of an assurance of rallying big in the future, especially when
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