Recently, the meme coin sensation, Book of Meme (BOME), witnessed a substantial surge in value within the last 24 hours, propelled by Coinbase's announcement of adding perpetual futures support for BOME on both Coinbase International Exchange and Coinbase Advanced, alongside Notcoin (NOT). This strategic move by Coinbase garnered immense attention within the digital asset sphere, elevating BOME's status and popularity.

Coinbase's social media post, shared on platform X (previously known as Twitter), unveiled the impending launch of BOME-PERP and NOT-PERP markets, scheduled to commence post-9:30 a.m. UTC on June 20, 2024. This announcement fueled significant interest and activity surrounding the BOME meme coin, marking a pivotal moment in its journey.

The official discourse from BOME's X handle highlighted another noteworthy achievement—the imminent milestone of reaching 1 million holders, with the current count standing at an impressive 81,449 holders. This milestone further solidifies BOME's position as a prominent player in the meme coin landscape, capturing the attention and investment interest of a wide crypto audience.

As a testament to its growing popularity and investor confidence, the price of Book of Meme (BOME) surged by nearly 10% in the past day, accompanied by a notable 15.31% increase in trading volume, now totaling $271.9 million. This surge propelled BOME's market capitalization to a remarkable $746.8 million, positioning it as the 103rd largest digital asset and setting sights on entering the top 100 cryptocurrencies.

While BOME experienced a 20.03% decline over the past week and a 2.74% drop in the preceding month, its long-term performance since June 2023 has been exceptional, with an astounding 1086.61% surge, transforming many holders into millionaires. Forbes data reveals that Book of Meme ranks as the eighth largest meme coin by market capitalization, trailing behind BRETT, BONK, FLOKI, PEPE, SHIB, DOGE, and WIF, amidst a total meme token market cap of $58 billion, reflecting a slight increase of 0.17%.

It's noteworthy that Coinbase's previous listings in May, featuring tokens like Bonk, FLOKI, and Shiba Inu perpetual futures, contributed to the platform's diverse offerings. Additionally, following Ripple's legal win against the SEC, Coinbase announced the availability of XRP in New York City, further expanding its crypto portfolio.

Analyzing the performance metrics of Book of Meme (BOME), investors are optimistic about its future trajectory. Within a single day, BOME's value surged from $0.009429 to $0.01083, edging closer to its monthly peak of $0.01348. The relative strength index (RSI) on the daily chart indicates a seller-dominated market at 42.52, yet recent trends suggest a shift towards buyer control, hinting at potential upward price movements.

Despite experiencing a significant volume decrease since March 2024, BOME remains 61.81% below its all-time high of $0.02805 registered on March 16, 2024. These performance dynamics underscore BOME's resilience and appeal, attracting investors' attention and optimism amidst the evolving crypto landscape.