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The meme coin on Coinbase is a relatively new phenomenon, having been added to the platform in 2021. It's been a wild ride ever since.
One of the most popular meme coins on Coinbase is Dogecoin, which was created as a joke in 2013 but has since gained a massive following. It's now one of the top 10 cryptocurrencies by market capitalization.
The addition of meme coins to Coinbase has opened up new opportunities for investors and traders, who can now easily buy, sell, and trade these assets on the platform. This has led to a significant increase in trading volume and liquidity for meme coins.
Dogecoin's surge in popularity on Coinbase has been fueled by its strong community and frequent price surges, which have made it a favorite among retail investors.
What Are Meme Coins?
Meme coins are a unique breed of digital assets that have taken the cryptocurrency world by storm. They often carry humorous or satirical themes, making them a fun and creative aspect of the space.
Some notable meme coins include $BRETT, the largest Base meme coin by market cap, known for its blue and musclebound bulldog mascot.
These meme coins have gained significant attention and market caps, with $TYBG being one of them, inspired by Coinbase founder Brian Armstrong and standing for "Thank You Base God".
The Base network, created by Coinbase, has given rise to a variety of meme coins, each with its own unique story and potential for investment.
Here are some of the notable Base meme coins:
- $BRETT
- $TYBG
- $MOCHI
- $BRIUN
- $BLOO
These meme coins have shown growth potential and have attracted users with their entertaining narratives.
Coinbase and Meme Coins
Coinbase has been at the forefront of listing meme coins, including BONK and PEPE, which have sent shockwaves through the crypto world.
The exchange's decision to include BONK in its roadmap led to a 17% price increase, with the meme coin's value surging by 2,969% since November.
Coinbase's Chief Legal Officer Paul Grewal announced the listing of PEPE, stating "You have long wanted the frog. Well, soon you'll get the frog."
Take a look at this: Pepe Coin Crypto
PEPE's description on CoinMarketCap aims to capitalize on the popularity of other meme tokens like Shiba Inu and Dogecoin.
Base meme coins, created on the Base network by Coinbase, are unique digital assets with humorous or satirical themes.
Some notable Base meme coins include $BRETT, $TYBG, $MOCHI, $BRIUN, and $BLOO.
The Base network has seen a surge in meme coin-related activity, with traders scooping out tokens like BALD, COIN, and BASED.
The TVL on the Base protocol has registered a 2666% increase, reaching $60.58 billion, with meme coin-related activity sharply rising on the network.
Here's a brief overview of the notable Base meme coins:
The recent meme-coin summer instigated by Pepe Coin made millionaires and billionaires, but the trend cooled down shortly, so users are advised to exercise caution.
Market Trends
Meme coins on Base are gaining traction, with TOSHI and BRIUN recording substantial gains in the past few days.
Miles Deutscher suggests a systematic approach to uncovering promising opportunities by tracking token trading volumes and holder counts.
Toshi Base stands out due to its strong community and status as a first mover in the meme token arena.
Following the leader is a solid strategy in narrative trading, and $TOSHI is currently the leading meme on Base.
Base vs Altcoins
Base meme coins are specific to the Base network created by Coinbase, whereas other meme coins are built on popular layer-one networks like Ethereum, Solana, and Polygon.
Base meme coins have gained popularity within the Base network, likely due to their association with a well-known and reputable platform like Coinbase.
These meme coins often focus on meme culture embedded into their design, which can be a key differentiator from other types of cryptocurrencies.
They typically need more substantive backing than regular cryptocurrency, suggesting that they may be more complex or nuanced in their design and implementation.
Frequently Asked Questions
What is the 1000X meme coin in 2024?
BTFD Coin is a meme coin with potential for significant growth, mentioned as a top choice for 1000X returns in December 2024
Sources
- https://coinranking.com/coins/base-meme
- https://coinpaper.com/2848/solana-meme-coin-bonk-added-to-coinbase-roadmap
- https://cryptorank.io/news/feed/c516a-coinbases-base-welcomes-meme-coin-season-assets-rise-upto-7-million
- https://www.financemagnates.com/cryptocurrency/coinbase-lists-meme-token-pepe-as-price-surges-115/
- https://coinpedia.org/news/coinbases-base-network-emerges-as-meme-coin-hub-tvl-hits-2-2-billion/
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