Why is Bobatama (BOBA) crypto rising?

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Why is Bobatama (BOBA) crypto rising?

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 Why is Bobatama (BOBA) crypto rising?
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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).

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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.

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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.

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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.

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Bobatama (BOBA) crypto price and performance                                                        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.

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