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New Memecoin Price Skyrockets After Surprise Binance Listing

19.11.2024 14:30 1 min. read Alexander Zdravkov
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New Memecoin Price Skyrockets After Surprise Binance Listing

A Solana-based memecoin has seen explosive growth after gaining support from Binance, the world's leading cryptocurrency exchange.

The coin, Comedian (BAN), skyrocketed to a new all-time high of $0.378 following Binance’s announcement of futures contracts in the USDT trading pair. Although it has since pulled back to $0.292, BAN is still up over 1,600% from its early November price of $0.017. With a market cap of $287.4 million, it now ranks as the 275th largest crypto project.

The memecoin draws its inspiration from Italian artist Maurizio Cattelan’s 2019 artwork, Comedian, which famously featured a banana duct-taped to a wall and sold for $120,000 at Sotheby’s.

The creators of Comedian coin aim to blend humor, hype, and cultural critique into a digital asset, reflecting the absurdity and ingenuity that often characterize meme culture. Through this project, they challenge investors to think critically about the value of art, finance, and the memes that define modern digital culture.

In addition to Comedian, Binance also unveiled futures contracts for Akash Network (AKT), a decentralized cloud computing project, further expanding its offerings in the crypto space.

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.

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