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Book Of Meme And Notcoin Price Rally Amid Coinbase Perp Listing
Coinbase recently announced that its Book of Meme (BOME) and Notcoin (NOT) perpetual contracts have entered post-only mode on both Coin base International Exchange and Coinbase Advanced. Following this announcement, both Book of Meme and Notcoin experienced notable price increases. Thus, these cryptocurrencies have attracted widespread attention in the crypto community.
The price of the meme book rises more than 3%
Book of Meme (BOME) is an innovative meme coin that operates on the Solana blockchain. Created by crypto artist Darkfarms, the project aims to serve as a digital archive for memes. Additionally, it uses advanced technologies like Arweave and InterPlanetary File System (IPFS) for decentralized storage.
The project is not just a playful venture, but integrates real-life technological solutions to preserve digital culture. Additionally, Darkfarms has future plans to expand the project to the Bitcoin blockchain, promising continued innovation in the digital archiving space.
The native token, GOOD, encourages user participation in decentralized storage activities and is tradable on several cryptocurrency exchanges. At press time, BOME price is up 3.41% to $0.008828 on Thursday, June 20th.
Previously, BOME made headlines by reaching a market cap of $1 billion marked by a phenomenal rise, a historic milestone for a meme coin. Furthermore, the latest price increase highlights the growing interest and confidence in the project’s unique vision and potential.
Read too: Ethereum Restaking EigenLayer Goes Live on Coinbase, What’s Next?
Notcoin (NOT) price recovers from recent losses
Notcoin has presented a more volatile performance in the market. Despite experiencing a downtrend last week, the token has demonstrated significant resilience and growth potential. Last month, Notcoin price recorded an impressive gain of approximately 130%, indicating an overall upward trend.
The current trading range for NOT has been between $0.015 and $0.021, with recent market sentiment suggesting a bearish outlook. Analysts have warned that if bearish forces prevail, the value of NOT could find support at $0.015, with the possibility of further declines to $0.012 or even $0.01 in a prolonged downturn. However, in a surprising turn of events, Bitcoin price rose to $0.01591 today, recovering strongly from its downtrend.
For Book of Meme, the increase in price and market value signifies strong investor confidence in the project’s unique approach to digital archiving. The integration of technologies like Arweave and IPFS positions BOME as a pioneer in the meme coin space, combining playful elements with tangible technological solutions.
Read too: Notcoin Price Prediction: WON’T Go to Zero as Bearish Momentum Grows?
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