As an analyst with extensive experience in the cryptocurrency market, I find the recent developments surrounding Book of Meme (BOME) and Notcoin (NOT) particularly intriguing. Coinbase’s announcement of post-only mode for these perpetual contracts has undeniably sparked significant attention within the crypto community.
Recently, Coinbase made an announcement: the perpetual contracts for its meme-themed cryptos, Book of Meme (BOME) and Notcoin (NOT), entered post-only mode on both Coinbase International Exchange and Coinbase Pro. After this declaration, significant price surges were observed in BOME and NOT. Consequently, these digital currencies garnered considerable interest within the crypto market.
Book of Meme Price Surges Over 3%
As an analyst, I would describe BOME (Book of Meme) as an inventive meme coin based on the Solana blockchain. This intriguing project was brought to life by crypto artist Darkfarms with a mission to function as a digital repository for memes. Additionally, it employs advanced technologies like Arweave and IPFS for decentralized data storage.
The project goes beyond being merely entertaining; it incorporates practical technology applications to safeguard digital heritage. Moreover, Darkfarms intends to broaden the scope of the project to include the Bitcoin blockchain, signaling continuous advancement in the realm of digital preservation.
The native cryptocurrency, BOME, motivates users to engage in decentralized storage tasks and can be bought and sold on various crypto trading platforms. Currently, the BOME value has risen by 3.41% to $0.008828 as of June 20, Thursday.
Previously, BOME gained significant attention with its attainment of a $1 billion market capitalization, an impressive achievement and a first for meme coins. Furthermore, the recent price increase underscores the increasing enthusiasm and faith among investors in the project’s distinctive concept and possibilities.
Notcoin (NOT) Price Rebounds From Recent Losses
The cryptocurrency Notcoin has exhibited greater price instability than average in the market. Although it has seen a declining trend over the last week, this digital token has shown remarkable tenacity and signs of expansion. In the past month, the value of Notcoin has experienced a substantial increase of around 130%, which suggests an overall positive trend.
As a researcher studying the NOT token, I’ve observed that its trading range has been fluctuating between $0.015 and $0.021 in recent markets. The prevailing sentiment, however, seems to be bearish, with analysts predicting potential support levels at $0.015, and even further declines to $0.012 or $0.01 in the event of a prolonged downturn. Interestingly enough, today saw an unexpected surge in the Bitcoin price, reaching $0.01591, which could have positive implications for NOT if this bullish trend continues.
The escalating cost and value of Book of Meme indicate strong investor belief in its innovative method for preserving digital content. By incorporating technologies such as Arweave and IPFS, BOME emerges as a trailblazer in the meme coin sector, seamlessly merging amusing aspects with practical technological advancements.
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2024-06-20 14:22