As a seasoned crypto investor with several years of experience under my belt, I’ve learned to keep a close eye on emerging L2 networks like Base. The recent surge in transactions and TVL on the network has piqued my interest, leading me to explore potential investments in top base meme coins.
On June 8, the record-breaking total value represented by all secured funds in the Base network was reached, leading investors to explore prominent base meme coins for potential purchases. Simultaneously, this event was accompanied by a significant increase in transaction volume and heightened network activity.
As a savvy crypto investor, I’ve taken note of the promising DefiLama data highlighting Base L2 network’s potential. However, it’s essential to acknowledge that this relatively unexplored network is ripe with opportunity. To maximize your gains, consider investing in these top 4 Base meme coins:
1. Base Meme Coins To Buy – Brett (BRETT)
Brett positions itself as PEPE‘s closest companion on the BASE network, while also serving as its beloved mascot. In just three short months, this project has achieved remarkable growth and reached a staggering market capitalization of one billion dollars.
Approximately 85 out of every 100 billion units of the supply have been kept in a liquid state within contracts for a period of one year. Notably, Brett boasts the largest market capitalization among base meme coins, exceeding $1.3 billion.
The current market price for Brett is at $0.130, representing a significant increase of 126% over the past thirty days. Reaching an all-time high of $0.1933 on June 10, Brett has since experienced a minor pullback. However, prospects remain optimistic for further price growth.
I’ve analyzed the data and discovered that there was a significant surge in trading activity for BRETT, with a 43% increase in volume over the past 24 hours. This trend suggests heightened investor interest in the asset. Looking ahead, it’s likely that BRETT will encounter support around the $714M market capitalization level before potentially rebounding upward.
Lately, Brett secured a collaboration with Devour, a Web3 food delivery service, after obtaining complimentary listings on major and minor crypto exchanges.
2. Degen (Base) (DEGEN)
Unofficial token Degen (previously referred to as Base) has gained popularity among the user base of Farcaster, a decentralized social media platform. This asset has attracted significant attention from developers and the cryptocurrency community at large. Eventually, 70% of the total token supply will be distributed to the community. Currently, 15% of the tokens have already been given out to active users on Farcaster.
During mid-March to early April, DEGEN‘s price experienced a significant surge, reaching an all-time peak of $0.056. Simultaneously, this cryptocurrency, known as a meme coin, attained a market capitalization of approximately $204 million before undergoing a correction.
Despite a 17% increase in DEGEN‘s trading volume over the past 24 hours, its price has declined by 13% during the same timeframe. The current market capitalization of DEGEN stands at $104 million, and if the support at $100 million fails to hold, it may continue dropping and potentially find a floor around $62 million. DEGEN is currently listed on Uphold, which is known for its robust security features and seamless integration within the crypto marketplace.
3. Basenji (BENJI)
The Basenji brand positions itself around the Canine breed of the same name, famously recognized in Ancient Egyptian culture for its role in desert tracking and hunting activities. The primary representation of this meme coin is embodied by the adored Basenji dog breed. The main token within the Basenji ecosystem is named BENJI, which boasts a total supply of one billion tokens, accompanied by zero percent taxation. The contract has been renounced, and the liquidity has been permanently destroyed.
Based on the information from the Basenji official website, Certik, a renowned blockchain security and audit firm, assigned a BBB rating to the project. This assessment highlights Basenji’s strong points in the areas of governance and community engagement.
As a researcher, I’ve noticed some significant price movements in Benji (BENJI) over the past week. The token experienced a 13% decrease in value during that period. However, the downward trend continued within the last 24 hours, resulting in an additional 22% drop, causing BENJI to trade at $0.05.
As an analyst, I would interpret the current market situation of BENJI in this way: My assessment reveals that BENJI’s market capitalization stands at a present value of $52 million, which represents a significant decrease from its previous high of $98 million witnessed on June 10. The trend exhibits a clear downward trajectory, yet there exists a notable level of support around the $40 million mark for BENJI’s market capitalization. Should the price continue to decline, the next substantial support lies at approximately $20 million.
4. Toshi (TOSHI)
As a researcher studying the cryptocurrency market, I’ve discovered that Toshi ranks second in terms of market capitalization among meme coins, following closely behind the leader on CoinGecko’s list. This crypto project draws inspiration from the popular cat narrative and adds functionality to it.
Toshi’s team is developing web3 instruments for crypto creators to construct with. Among these offerings are a multi-transaction sender, a token vault, a liquidity pool securer, an automated market maker exchange, a token generator, and a start-up platform.
Each tool serves a unique purpose, enabling blockchain developers to effortlessly create and launch decentralized apps (dApps) and protocols. The moniker ‘Toshi’ is derived from the name of Brian Armstrong’s cat, Satoshi Nakamoto.
Having a market value of approximately $106 million, Toshi appears to be an emerging venture with a promising application. At present, the TOSHI token was trading around $0.00024, representing a 14.5% decrease over the past 24 hours.
As an analyst, I can tell you that individuals who invested in this asset nine months ago, when the price reached its all-time low, have since seen their investment grow by a remarkable 1,314,870%. This represents a return of over 13,000 times their initial investment. If you’re considering joining these early investors, buying Toshi now could potentially yield significant benefits in the upcoming nine months.
Conclusion
As a BASE blockchain analyst, I can share that despite being the youngest L2 platform, BASE has managed to amass over $1.3 billion in total value locked (TVL). In six months, Base meme coins such as Degen, Toshi, and Basenji could potentially gain popularity and become the equivalents of Pepe’s and Bonk’s within the BASE L2 network. The ongoing development by Aviator to create a more affordable and quicker bridge between Ethereum mainnet is an exciting prospect that may significantly boost BASE volume, TVL, and further fuel the growth of meme coins on this network.
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2024-06-24 16:41