Why is Bobatama (BOBA) crypto rising?

Highlights:

• The BOBA token rose by more than 622% over the past seven days.
• Bobatama (BOBA) is a meme coin and a variation of the Saitama meme, with its logo featuring the legendary Boba Fett character.
• Bobatama's primary utility, Bobamask, is a multi-chain wallet that combines non-fungible token storage.

The Bobatama (BOBA) crypto has gained traction, asevident by the recent unexpected surge in its prices.

The BOBA token rose over 622% over the past seven days while increasing more than 389% at the time of drafting, according to data provided by CoinMarketCap (CMC).

Also Read: Why is Kadena (KDA) crypto gaining attention?

What is Bobatama (BOBA) crypto?

Bobatama (BOBA) is a meme coin and a variation of the Saitama meme, with its logo featuring the legendary Boba Fett character. It is an Ethereum-based smart contract protocol having a native token for reflection distribution.

The primary utility of Bobatama is Bobamask, which claims to be the first Ethereum Virtual Machine (EVM) which would be harmonious with a multi-chain wallet with its Force Ghost technology and would enable anonymous transactions on the blockchain technology. Notably, its Force Ghost is still in development.

Also Read: Why is sUSD (SUSD) gaining attention?

Bobamask is a multi-chain wallet that combines non-fungible token storage while allowing investors for tracking all cross-chain investments in one platform. It would be developed on Ethereum Virtual Machine, a software platform for developing decentralized applications on the Ethereum network.

Bobamask intends to provide privacy to the crypto investors currently lacking in the market, it claimed. It would use the Force Ghost technology, a privacy-enhancing smart contract technology for allowing anonymous transactions. According to its whitepaper, it is a way to invest privately while leaving no marks like a ghost.

Also Read: Why is Elrond (EGLD) crypto gaining attention?

Why is it rising?

The investors seemed to cheer the meme token, given the innovations and developments in its pipeline.

Meanwhile, various YouTube streamers also feature the crypto, which may have boosted its popularity among crypto enthusiasts. However, this does not mean that it is trustworthy and doesn’t require evaluation.

In addition, Shibnobi (SHINJA), which is a community-led platform developing an ecosystem for the next generation of investors while making cryptos secure and straightforward for everyone, has announced to list Bobatama (BOBA) in Shibnobi Dojoswap.

Dojoswap is a unique multi-chain swap platform that intends to change the traditional decentralized finance industry.

Also Read: Why is THORChain (RUNE) crypto rising?

                                                        Source: *Data provided by CoinMarketCap.com

Bottom line:

The Bobatama (BOBA) token surged 54.44% to US$0.00002466 at 6:25 am ET on March 11, while its volume rose 19.31% to US$1.52 million in the last 24 hours.

It has a market cap of US$24.52 million, and its fully-diluted market capitalization is US$24.66 million. The BOBA token's max and total supply are 1 trillion.

Also Read: Why is RFOX (RFOX) crypto rising?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.