Crypto Analyst Touts Base As Next Memecoin Hotspot: Top 8 Picks
21 Março 2024 - 1:00PM
NEWSBTC
In an analysis shared with his nearly 100,000 followers on X
(formerly Twitter), the crypto analyst known by the pseudonym
Xremlin (@0x_gremlin) has pinpointed Base as the burgeoning hub for
memecoin enthusiasts and investors. This proclamation follows a
season of unprecedented gains in the Solana memecoin market, with
tokens like BOME, WIF, and SLERF achieving returns ranging from
300x to 1000x. Xremlin’s insight into the crypto market dynamics
suggests a potential replication of these astronomical returns on
Base, underlined by a tweet stating, “Meme traders on Solana
printed millions this season: BOME: 800x, WIF: 1000x, SLERF: 300x.
BASE season is just revving up, and might have a similar rally.”
Meme traders on Solana printed millions this season:$BOME: 800x │
$WIF: 1000x │ $SLERF: 300x$BASE season is just revving up, and
might have a similar rally. 🧵List of memes on Base with 10-500x
potential⭣ pic.twitter.com/wAs5hde0N9 — Xremlin (@0x_gremlin) March
21, 2024 The transition of focus towards Base is attributed by the
analyst to its association with Coinbase and an upcoming product
launch aimed at simplifying on-chain trading. Xremlin elaborates,
“Why Base? Coinbase has a large user base in the US, but trading
on-chain can be too complex for normies. Soon, Coinbase will launch
a product that enables its CEX users [100M+] to trade on Base
without requiring seed phrases or private keys.” This move is
anticipated to significantly lower the entry barriers for new
investors, potentially catalyzing a memecoin rally on the Base
platform. Related Reading: Leading The Pack: Solana Captures Nearly
50% Of Global Crypto Attention However, amidst the excitement,
Xremlin issues a word of caution to their followers: “Remember:
Investing in memes is high risk. Only bet what you can afford to
lose. Projects might rug, slow rug, or suddenly tank by 50%-70%
when the hype fades.” This cautionary advice reflects the inherent
volatility and risk associated with memecoin investments, where the
line between significant gains and losses can be remarkably thin.
Diving Into The Top Crypto Memecoins On Base Xremlin’s curated list
of Base memecoins is not only varied but also rich with potential,
highlighting projects inspired by cultural references, pets of
notable figures, and even caricatures of industry leaders. Here’s a
closer look at the analyst’s picks: TOSHI: Touted as a tribute to
Brian Armstrong’s cat, named after the enigmatic Satoshi Nakamoto,
TOSHI represents a playful investment opportunity. Xremlin notes,
“TOSHI could be the flagship memecoin of Base, drawing on the
crypto community’s reverence for Nakamoto and Armstrong’s
influence.” DEGEN: With its strategic distribution to Farcaster
users, DEGEN taps into a community already engaged and familiar
with crypto, setting a precedent for community-driven value.
DOGINME: This memecoin capitalizes on the popular phrase “Got that
dog in him,” embodying the resilience and tenacity celebrated in
crypto trading circles. Related Reading: Hold Your Horses: ‘Buying
The Crypto Dip Is Still Too Early’ Warns Top Analyst — Here’s Why
MOCHI and PONCHO: Both cat-themed coins seek to attract the
attention of cat lovers, just as dog-themed memecoins such as
Dogecoin, Shiba Inu and FLOKI attract that of dog lovers. MOCHI is
based on Brian Armstrong’s pet. TYBG: Self-described as “The most
based meme on Base,” it signifies the meta-culture of memes within
the crypto space, where self-referential humor often garners
substantial community support. BRIUN: A direct caricature of
Coinbase CEO Brian Armstrong, BRIUN embodies the intersection of
meme culture and crypto’s leadership, underlining the community’s
penchant for satire. ELONRWA: Inspired by a sketch of Elon Musk,
this project aims to bridge the gap between digital tokens and
real-world assets, representing the innovative and often
speculative nature of memecoin investments. Xremlin further
emphasizes the importance of community and research in navigating
the memecoin market: “For those interested in researching Base
memes, I recommend joining the /base channel on Warpcaster.
Community insight is invaluable, and collective due diligence can
help mitigate risks associated with memecoin investments.” At press
time, TOSHI traded at $0.000321653, up 210% in the last three
weeks. Featured image from Shutterstock, chart from TradingView.com
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