Is it Worth Investing in BOME, ETHfi, And SLERF?

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The crypto industry continues to trade under a bearish influence for the third consecutive day. Further, with the top tokens undergoing a significant correction in their respective portfolio, investors display a switch of interest in the market by focusing on mid-cap and small-cap potential tokens to maximize their profits.

The BOME, ETHfi, and SLERF tokens have displayed a massive price action in their respective portfolio since the launch, which has resulted in these tokens gaining significant attention from investors. In this article, we decode the in-depth analysis of these hyped altcoins.

Book Of Meme (BOME):

The BOME memecoin continues to display significant price volatility in its chart, indicating an increased price action for the altcoin in the market. Positively, the BOME price has added over 30% within the past 24 hours, and it has a total gain of 1,263%, resulting in it gaining massive attention from the crypto space.

Following its launch, the BOME coin experienced a massive surge in its portfolio and recorded a high of $0.02805 within the first three days. However, after claiming a new high, the price lost momentum and recorded a correction of approximately 55% over the next four days.

TradingView: BOME/USDT

Positively, the technical indicator, MACD, displays a constant green histogram, indicating a strong bullish sentiment in the crypto space. Further, the averages show a bullish convergence, suggesting a positive price action for the memecoin in the upcoming time.

With the increased market volatility and the rising hype for memecoins, the BOME price is predicted to display significant price movements during the coming months, making it a potential token for the upcoming memecoin mania.

ether.fi (ETHFI):

The ether.fi, the governance token of the largest liquid staking protocol, made its debut on 18th March with a launch price of $4.13. Following its launch, the ETHFI price experienced a significant drop of over 20% after the Binance listing.

At the time of writing, the price of ETHFI was $3.17, and a total supply of 1 Billion tokens. Further, the token has a trading volume of $277.57 Million within the past 24 hours and a market cap of $364.981 Million. The current supply stands at 115,200,000 ETHFI tokens.

The investors in ether.fi will receive 32.5% of the total supply, which is scheduled over the next two years. Moreover, the core contributors are set to receive a total of over 23% within the next three years.

Despite its negative trend, the token has recorded a massive surge in TVL, indicating a high potential and strong fundamentals for this token in the coming time.

SLERF (SLERF):

The SLERF token is the newest Solana-based coin and came under the limelight of the crypto market following its pre-sale disaster, where the developers accidentally burnt $10 Million in pre-sale funds.

Positively, the SLERF token has recorded a jump of approximately 150% within the past two days, highlighting the increase in the buying pressure for this token in the market. At the time of writing, the price of the SLERF token was $0.8332 and has a market cap of $416.57 Million.

With a circulating supply of roughly 500 Million tokens, the Slerf price is predicted to gain significant fluctuations from the crypto space as the hype for Solana-based tokens is on the rise on a daily basis.