Based on your interest in meme coins, chances are quite high that you are chasing those potential gains. As such, you’ll probably be most interested in the $BOBO Coin Price Analysis and Prediction section. So, feel free to jump straight to that part. However, if you are also interested in learning what the BOBO meme coin is all about, make sure to explore all the sections in this article. Aside from covering the gist of the project, we’ll cover the project’s fundamentals and take a glance at the BOBO community. This is also where we’ll cover the origins of the Bobo the Bear meme.
Of course, you’ll also have an opportunity to learn about the BOBO coin, its tokenomics, and the token’s use cases. As mentioned above, we’ll look at the BOBO coin price and use technical analysis (TA) to determine what may be in store for this meme coin.
With BOBO’s fundamentals and TA under your belt, you’ll be able to decide whether you should buy $BOBO or not. And this is where you’ll learn how Moralis Money can help you with that.
Exploring Bobo the Bear – What is the Bobo Crypto Meme Project?
The Bobo crypto meme project is behind the $BOBO coin, and it is all about paying tribute to the Bobo the Bear meme.
If you are hoping to find some specific details on the project’s website (image above), think again. That website is as basic as it gets. However, you can see that it uses a similar font (if not the same) as PEPE’s official website. Plus, the page does include several useful links pointing to some popular explorers and the project’s socials.
For instance, just below “bobo” is also the “Buy BOBO” button, which will take you to Uniswap in order for you to buy $BOBO.
Plus, in the top menu, you can also see the “NFTS” and “ORDINAL” options. By clicking on the former, you can access the BOBO NFT collection currently trading on Blur:
As for the latter, it points to the first BOBO bear inscribed on the BTC network. If you want to search for it using any popular inscription explorer, it is number 53466.
However, did you know that there’s another BOBO meme coin website? In fact, it is “bobothebear.io” that is now referenced on the project’s Twitter account and is considered the official website. Moreover, there’s a lot more uniqueness and useful information on that website:
So, let’s use the above website to determine what the folks behind the $BOBO coin say this project is all about.
Fundamentals
The fundamentals of the BOBO meme coin project are obviously of a memetic nature. It all comes down to taking a popular internet meme – Bobo the Bear – and creating a fun, community-oriented crypto project. This is also what the “About us” section on the project’s official website explains.
Aside from the $BOBO coin, the project also gave birth to the above-mentioned Bobo Council NFT collection. The latter includes 2,222 PFP minted on Ethereum trading on Blur.
Since this project is all about one particular meme, it’s only fair we ensure you all learn a bit about Bobo the Bear.
Meet Bobo the Bear
The above image includes some of the most popular Bobo the Bear memes. However, since this meme is particularly popular during the bear season, you must have seen the following one:
Origins of this popular meme date back to before 2018; however, in June of that year, the 4chan community voted to name it “Bobo.” Since then, this has been the official name of this bear meme.
As for the design of Bobo, it is based on Apu Apustaja and Pepe the Frog, which explains the large, popping eyes.
Bobo remains one of the most popular memes in the 4chan community, particularly on the “/biz/” board.
Community
Since Bobo is a popular meme within a large community (4chan) and on other social media platforms (e.g., Twitter), the BOBO meme coin also gained quite a lot of traction fast.
Just by looking at the project’s Twitter account, we can see that it has nearly 9,000 followers.
However, compared to other popular meme coins that came to life in 2023 (e.g., PEPE, WOJAK, etc.), $BOBO has a long way to go.
After all, we all appreciate being lightened up with a funny meme when the markets are down. And Bobo has been providing us with that for years. This is even why the creators of the Bobo crypto project say this meme is a great liberator of the financial markets.
Anyone interested in joining the project’s community should follow the above-presented Twitter account and join the Bobo Portal Telegram channel.
You may also want to explore/follow the “@Rekt_Tekashi” Twitter account. That one belongs to an OG Bobo meme artist who is running the project.
BOBO Meme Coin’s Roadmap
Unless this is the first meme coin you are learning about, then you know that meme coins and their roadmaps are not to be taken too seriously. After all, they are typically highly memetic, rather vague, and without any exact dates or timeframes.
Still, we can consider BOBO’s roadmap, which outlines the following four phases:
By looking at the number of $BOBO coin holders, it is most likely that we are currently in the second phase of the above-outlined roadmap.
What is the BOBO Coin?
The $BOBO coin is an ERC-20 token. It is a fungible cryptocurrency that lives on the Ethereum chain and classifies as a meme coin. The token went live on May 12, 2023, when its contract was deployed by the “bobo-marketing.eth” address.
Tokenomics
The above image shows the $BOBO coin page on Etherescan and clearly outlines the token’s total supply. This parameter is a rather important aspect as it determines the price of the asset (= market cap / total supply). However, there are other details to be considered. So, make sure to go over the following list:
- Name: BOBO
- Symbol/ticker: BOBO or $BOBO
- Chain: Ethereum
- Contract address: 0xB90B2A35C65dBC466b04240097Ca756ad2005295
- Total supply: 69,000,000,000,000
- Buy/sell tax: 0%
- Liquidity burned
- Contract renounced
- Token distribution: 92% for the community, 8% for CEX listings
$BOBO Token Use Cases
As a meme coin, the $BOBO coin has no particular use case, at least not yet. At the moment, the coin serves as a point of attraction to those who like meme-based tokens and the Bobo meme; it brings these kinds of folks together. Of course, the BOBO meme coin is also freely traded on DEXs like Uniswap.
BOBO Coin Price Analysis and Prediction
The above twelve-hour chart covers the entire price action of the $BOBO coin so far. It also indicates the token’s maximum and minimum values. By looking at these values, we can see that, at one point, the $BOBO coin price was already nearly 8,000x above its listing price of $0.00000000004387.
We can also see that the initial hours after its listing brought a substantial pump. It took $BOBO only five hours to go from the aforementioned listing price to $0.0000001495. That was a 3,400x increase! After a short-lived 77% correction, the price pushed even higher over the next three days and reached $0.0000001614 on May 15, 2023.
Following that high, the $BOBO coin ran out of steam and pulled back more than 90% over the following six days. It wicked down to as low as $0.00000000789 but formed local support in the $0.000000013-$0.000000017-ish region. From that low, the price ran up over 200% but was rejected at $0.000000043-ish and pulled back to the same lows where it found support.
With another short-lived 400% pump on June 4, 2023, the BOBO coin price kept bouncing on top of the $0.00000001-ish level. So, there was a 39-day period where folks that believed in the $BOBO coin had a chance to accumulate it. And there were many Moralis Money users, especially those on the Starter and Pro plans, who took that approach.
Those who took that action were rewarded. After all, on June 27, 2023, $BOBO started another massive rally that resulted in setting a new all-time high (ATH). Moreover, those who entered in the previously-outlined lows were able to pocket 2000%-plus profits.
$BOBO Coin Price Speculations
The $BOBO coin price was reduced by 65%, reached the ATH level again, and finally went down by more than 75%. At the time of writing, $BOBO seems to be finding some sort of support on top of the initial pump levels.
So, if the $0.000000075-ish level holds and the crypto market as a whole shows signs of strength, we could soon see another leg up. However, if BOBO loses that level, the lower supports will come to play. Essentially, the above-outlined blue lines mark the most likely price levels in both scenarios.
All-in-all, the overall price chart looks quite healthy for a meme coin. And the current retest of the initial pump’s top is also a normal occurrence.
If that level holds and BOBO goes on to set a new ATH, the Fibonacci retracement tool’s most optimistic level (the “4.236” extension) points to $0.0000012-ish. So, that would be another 15x from the current price levels.
However, if you really want to let your imagination soar regarding what is possible for $BOBO’s price, you can compare it with the leading meme coins and their ATH market caps. Essentially, you just need to take the ATH market cap of any of the top meme coins (PEPE, SHIP, and DOGE) and divide it by BOBO’s total supply. And, if you do this, you get these speculative prices:
- $0.0000239 – if BOBO were to follow PEPE’s success.
- $0.0005959 – if BOBO were to follow SHIB’s success.
- $0.0012252 – if BOBO were to follow DOGE’s success.
These price levels are definitely extremely optimistic; however, they are possible. So, you need to ask yourself if you are willing to “bet” on those chances.
Should You Buy $BOBO?
We are not financial advisors, so we cannot answer the above question for you. However, by using the information obtained herein in combination with your financial situation and risk tolerance, you should already be able to determine whether or not this meme coin deserves your further attention.
If not, it’s time you move on. The ultimate way to do so is by using Moralis Money’s core feature – Token Explorer – and start finding the best altcoin opportunities.
However, if you are interested in the BOBO meme coin, you ought to research the token further. Fortunately, you can do this with ease by visiting the Moralis Money BOBO ($BOBO) token page. This is where you’ll find all the links and tools to determine whether you should buy this meme coin.
Plus, thanks to real-time, on-chain metrics (a.k.a. alpha metrics) provided by Moralis Money, you can also determine if now’s the right time to buy the token or if you should wait for better conditions. After all, on-chain activity precedes price action and enables you to use these valuable insights to finally get your timing right!
Just use the above link or the interactive widget below and properly research $BOBO:
Where to Buy the BOBO Meme Coin?
If you decide you wish to get a bag of $BOBO, you have several options. Just use the “Market” section on CoinGecko or CoinMarketCap page for that token. There, you’ll find a list of all CEXs and DEXs that offer the relevant training pair, including the trading volume. As such, you can easily pick a market that best suits your goals.
Explore Bobo the Bear and Analyze the BOBO Coin Price – Key Takeaways
Here are the highlights of today’s article:
- The $BOBO coin is one of many meme coins born during the ongoing 2023 memecoin season.
- Unlike many of these meme coins, BOBO is still showing signs of strength.
- BOBO’s current ATH sits more than 7000x above its listing price, but the current price is 70%-plus lower.
- If $BOBO finds support at the current levels, it could rally to a new ATH soon.
- In case you are interested in learning more about BOBO, use Moralis Money’s page dedicated to that altcoin. It will enable you to properly DYOR and determine if now’s the right time to buy $BOBO.
- Start finding the best altcoin opportunities at any given time with Token Explorer. This amazing tool doesn’t limit you to Ethereum but it supports all the leading EVM-compatible chains (BNB Chain, Polygon, Fantom, etc.)
