Book Of Meme & Notcoin Price Rally Amid Coinbase Perp Listing

Coinbase recently announced that its Book of Meme (BOME) and Notcoin (NOT) perpetual contracts entered post-only mode on both Coinbase International Exchange and Coinbase Advanced. Following this announcement, both Book of Meme and Notcoin experienced notable price rallies. Thus, these cryptocurrencies attracted widespread attention in the crypto community.

Book of Meme Price Surges Over 3%

Book of Meme (BOME) is an innovative meme coin operating on the Solana blockchain. Created by crypto artist Darkfarms, the project aims to serve as a digital archive for memes. Moroever, it leverages advanced technologies such as Arweave and InterPlanetary File System (IPFS) for decentralized storage.

The project is not just a playful endeavor but integrates real-life tech solutions to preserve digital culture. Furthermore, Darkfarms has future plans to expand the project to the Bitcoin blockchain, promising ongoing innovation in the digital archiving space.

The native token, BOME, incentivizes user participation in decentralized storage activities and is tradable on multiple cryptocurrency exchanges. At press time, the BOME price was up by 3.41% to $0.008828 on Thursday, June 20.

Earlier, BOME has made headlines by achieving a $1 billion market cap marked by a phenomenal surge, a historic milestone for a meme coin. In addition, the latest price uptick highlights the growing interest and confidence in the project’s unique vision and potential.

Also Read: Ethereum Restaking EigenLayer Goes Live On Coinbase, What’s Next?

Notcoin (NOT) Price Rebounds From Recent Losses

Notcoin has shown a more volatile performance in the market. Despite experiencing a downtrend over the past week, token has demonstrated significant resilience and potential for growth. Over the past month, Notcoin price has 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, NOT’s value 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, the Bitcoin price rallied to $0.01591 today, rebounding strongly from its bearish trend.

For Book of Meme, the surge in price and market cap signifies robust 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, blending playful elements with tangible technological solutions.

Also Read: Notcoin Price Forecast: Is NOT Going To Zero As Bearish Momentum Builds?