A savvy investor, who withdrew $2.3 million from Binance to purchase 314 million BOME tokens just before the coin was listed on the exchange, has taken to Twitter to share his bullish outlook on the cryptocurrency.
In a recent tweet, the investor revealed his unwavering confidence in BOME, likening its potential to that of the renowned memecoin, SHIB.
The smart money who withdrew $2.3M from #Binance to buy 314M $BOME before #Binance listed $BOME just tweeted his story.
He is very bullish on $BOME and thinks it will be the next $SHIB.
And we just think he is smart to bet on $BOME accurately.
Just to clarify: we do not have… pic.twitter.com/UAShmpxVCq
— Lookonchain (@lookonchain) March 28, 2024
The investor’s decision to allocate a significant sum to BOME was fueled by insider insights and a strong belief in the coin’s future prospects.
Despite facing criticism from peers after the token experienced a downturn in the days following his investment, the investor remains resolute in his convictions. He emphasizes that investing is a personal responsibility, and one must be prepared to bear the consequences of their decisions.
Reflecting on the rapid fluctuations in value, the investor acknowledges the inherent volatility of the cryptocurrency market. However, he remains steadfast in his belief that BOME has the potential to emerge as a leader in the memecoin space, even surpassing the likes of DOGE.
https://twitter.com/bazingahappy/status/1773257246857969929?t=ZtqgoO7DtCUqoAJL-TRmUQ&s=19
BOME Price Action To Watch In Last Few Days
BOME’s recent performance has been marked by a 9% decline over the past week, following an impressive surge of over 1300% in the preceding 30 days.
Despite this short-term setback, the investor remains optimistic about the long-term trajectory of the coin, citing its strong fundamentals and potential for future growth.
In conclusion, the investor’s unwavering confidence in BOME serves as a testament to the dynamic nature of the cryptocurrency market and the importance of conducting thorough research before making investment decisions.
While short-term fluctuations may occur, it is the underlying potential and vision of a project that ultimately determines its success in the ever-evolving world of digital assets.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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