Whereas most meme cash, particularly the well-known dog-themed cash like Shiba Inu (SHIB) and Dogecoin (DOGE) are crusing by means of tough seas, the Bobatama (BOBA) coin appears to be stealing the coast with its rise lately. seven years. to daybreak.
Up to now seven days, BOBA is up 168.6%, though it began this week with a drop of about 15% at this time. Alternatively, Shiba Inu is down 4.29% prior to now seven days and at this time it’s nonetheless in decline. Dogecoin is down 3.69% prior to now week.
On this article, we’re going to look at the forces behind the previous week’s bullish Bobatama (BOBA) value; a interval when a majority of standard cash equivalent to Bitcoin and Ethereum barely made important positive aspects.
What’s Bobatama (BOBA)?
Earlier than trying on the the explanation why Bobatama is rising, it’s important to elucidate what it’s.
Launched on the Ethereum community, Bobatama is a meme-based token primarily based on the Star Wars character Boba Fett. It’s known as BOBA.
The utility behind BOBATAMA is BOBAMASK, the first-ever Ethereum Digital Machine (EVM) appropriate multi-chain pockets constructed utilizing BOBATAMA’s Power Ghost expertise.
Why is the BOBA value rising?
One of many the explanation why the BOBA value is rising and gaining momentum is as a result of it featured in CoinMarketCap’s trending part; one thing that caught the eye of whales, with considered one of them shopping for greater than BOBA tokens value 38ETH in a single transaction.
38 ETH BOBA BUY!
— BOBATAMA (@Bobatama) March 11, 2022
Provided that BOBA has a rising neighborhood as the principle driver for its bullish momentum, we count on extra important value positive aspects because the workforce delivers on their promise of Ghost Power expertise and Bobamask pockets.
Ghost Power expertise will allow nameless transactions on the blockchain, whereas the Bobamask pockets will probably be each cell and Web3 appropriate for crypto customers, it can additionally combine NFTs into their wallets equivalent to MetaMask.
Based on the distribution of BOBA holders, the highest holder is an deal with that has greater than 39% of its inventory. BOBA’s outlook will probably be bullish until the deal with decides to dump the token quickly. Nonetheless, with the nice imaginative and prescient and rising neighborhood, Bobatama will quickly be rocketing to the moon.