The cryptocurrency market is abuzz with renewed interest, driven by the positive impact of the US Consumer Price Index (CPI) on market sentiment. Bitcoin's surge to $66,000 has triggered a rally in meme coin prices, with BOME and BONK seeing new entries that offset previous losses due to market fluctuations. Despite BONK's higher market cap, BOME has seen more significant futures entries, with bulls expecting similar price movements in Q1 2024.

As of now, BONK ranks sixth in market cap among meme coins, while BOME follows closely in seventh position. However, BOME's 1% price increase has brought it closer to BONK, with a price of $0.01117. BOME's weekly price movement may have been modest at 0.43%, but its 30-day movement tells a different story, with a significant 34% increase. This growth may have brought BOME closer to BONK, and some investors believe it could potentially surpass its rival in the future.

The meme coin craze on the Solana side has initiated a new process in the cryptocurrency market, potentially taking BOME to new heights. BOOK OF MEME saw a remarkable 64% increase in daily volume, surpassing $873 million, as users turned back to meme coins. While BOME's short-term trading volume appears higher, BONK remains a larger asset in market cap analysis. However, BONK's price dropped by 2% in the last 24 hours, falling to $0.00002366, despite gains of over 60% in the last 30 days.

BONK's price increase of 7% following its listing on Bithumb, South Korea's second-largest cryptocurrency exchange, was later met with a pullback. As the market continues to fluctuate, investors are keeping a close eye on both BOME and BONK, wondering if BOME can indeed surpass its rival in the future. Only time will tell if the current momentum can be sustained, but one thing is certain - the meme coin frenzy is here to stay.