Last week, top cryptocurrencies Solana (SOL), Book of Memes (BOME), and Sui ( SUI) price fluctuations were remarkable.
Solana 32% increase
Solana recorded an impressive price increase last Monday, rising 20.78% from March 11 to 14, in a four-day streak of gains.
It soared to a high of $178 on March 14, but faced a gradual retracement. This retracement continued into the next day, sending the asset down to $164.
Nevertheless, the cryptocurrency began a full-fledged recovery and closed above the $183 price area on March 15th, securing its position as a top gainer.
Solana continued to achieve further heights amid sustained bullish momentum, but witnessed a decline on March 16, ending the day with a modest decline of 1.03%.
Despite a sustained market decline that saw Bitcoin drop below $65,000, the asset recouped its losses the next day on March 16th.
Solana is up 32% heading into the week and is trading at $192 at the time of reporting as it looks to regain the coveted psychological threshold of $200.
BOME soars 29,900%
The recently launched Solana-based meme coin “Book of Memes'' rode the surge in interest to post the biggest weekly gain the market has witnessed in a long time.
According to data from CoinGecko, BOME changed hands at $0.00005880 on March 14, the opening day of trading.
Memecoin quickly gained the attention of market participants, capitalizing on the positive sentiment surrounding the Solana memecoin market. Amid growing market interest, BOME took advantage of the surge in demand and on March 15th, BOME soared 9,814% to a high of $0.00583 before witnessing a retracement.
As reported by crypto.news, data suggests that the meme coin's successful pre-sales contributed to its meteoric rise. When Binance announced plans to list the asset on March 16, its social presence skyrocketed.
Bybit also revealed similar plans.
BOME rose to a high of $0.02703 on March 16 as investors tried to ride the uptrend. This price marked a significant increase of $39,000 from his initial trading price of $0.000005880, leading to an increase in market capitalization.
This surge secured BOME a place within the top 100 assets.
Despite falling from $0.02703 immediately after Binance listing, BOME is still well above the $0.017 price area. The crypto asset is up 29,900% from the price recorded on March 14th at $0.00005880 and has a current market cap of $978 million.
SUI remains above $1.50
Sui didn't do as well as Sorana and Bome this week, but she withstood Kuma's pranks well enough.
The asset started the week strong, rising 9% from $1.5552 on March 11 to a high of $1.6970 on March 13, as the broader market recorded gains.
However, Sui experienced a severe bear market for two days, dropping 8% on March 14th and 15th. Sui eventually fell below the key price area of $1.50, and on March 15th he fell to a 10-day low of $1.3396.
Nevertheless, the recovery campaign by the bears allowed the cryptocurrency to regain the $1.50 price area and rise to a new weekly high of $1.7200. This recovery boost was short-lived, as Sui faced further price declines due to the bear market.
Despite the recent bearish action, the crypto asset has remained above the $1.50 area, and a drop below this level could lead to a sharp drop in price.
Sui fell by 1.71% for the week.