Whale Insider, a leading crypto media resource, has identified six promising meme coins on the Base network with less than $1 billion market capitalization.
America’s largest exchange Coinbase introduced Base, its proprietary blockchain network built atop Ethereum, to the public last August. Base has since attracted significant attention, with its total value locked (TVL) soaring to the current $1.27 billion amid the market uptrend.
While Solana has taken the spotlight with respect to meme coins during the current cycle, other networks such as Base have also welcomed some promising projects. For instance, Degen (Base), a meme coin on Base with the ticker DEGEN, has increased 1,770% in the past month. In addition, All Your Base (YOBASE) is up 42% over the last two weeks.
CoinGecko disclosed in a report this month that the meme coin narrative was the most profitable in the first quarter of this year. Considering the potential of these meme coins, Whale Insider recently presented a list of six promising projects within the Base ecosystem that are worthy of note. These are the tokens that made it to the list.
Basechain memecoins to watch next week (by market cap):
1. $BRETT ($827.2M)
2. $DEGEN ($594.2M)
3. $TOSHI ($202.4M)
4. $ROOST ($96.3M)
5. $DOLLUR ($4.92M)
6. $PAT ($4.24M)
Any others?👇— Whale Insider (@WhaleInsider) March 31, 2024
BRETT
Brett (BRETT) began trading last December, changing hands at the $0.0007175 price territory. The meme coin recorded an impressive uptrend at the start of this year, spiking 251% to $0.00245 by Jan. 3 as investors got wind of it. At the time, Brett only commanded a volume of $770K+.
However, following the $0.00245 high, BRETT saw a massive dump, as early investors rushed to take profits on their holdings. The meme coin dropped 91% from the previous high to $0.0002031 by Feb. 11, with its 24-hour volume depleting to $2,319.
Nonetheless, a recovery push saw it skyrocket 10,042% to $0.0206 by March 11. At this point, Brett commanded a volume of $5.198 million. It has now faced another price decline, currently changing hands at $0.003316.
Despite the second collapse, analysts expect BRETT to leverage the next meme coin mania for a renewed uptrend. Brett currently boasts a meme coin of just $827 million, suggesting a potential for more growth.
DEGEN
Degen (Base) has the ticker DEGEN and has been trading since January of this year. Following its launch as an airdrop to the Degen community on the decentralized social platform Farcaster, DEGEN has been on a marked uptrend, outperforming earlier expectations.
DEGEN rallied 3,822% in January alone to close the month at a price of $0.0008922 with its volume crossing the $1 million mark. Despite witnessing a series of dumps and upswings since then, the meme coin has seen a steady uptick.
DEGEN’s explosive run came up in March, when it spiked from $0.003087 on March 19 to the all-time high of $0.06454 on March 31. This marked a 1,989% increase in less than two weeks. Currently trading for $0.03557, DEGEN is up 157,947% from its all-time low.
The meme coin currently commands an impressive 24-hour volume of $80,682,080 despite its lowly position. With a market cap of just $445 million, DEGEN has more room for growth.
TOSHI
The team behind Toshi named the meme coin after Coinbase CEO Brian Armstrong’s cat. With an initial price of $0.00000495 last August, Toshi has witnessed a rollercoaster, spiking 2,908% to $0.0001489 in three days, and then collapsing 77% two days later, with a volume of $4.4 million.
Market watchers believed the token was done, attributing its short spike and drop to a typical pump-and-dump scheme. TOSHI further collapsed to a low of $0.00000003417 on Oct. 10, 2023, further solidifying the narrative of its doom.
However, the meme coin staged an impressive recovery, first skyrocketing by 520,444% to a new high of $0.00017787 on Dec. 15, 2023 before retracing a bit to face a consolidation. TOSHI surged again to a new all-time high of $0.0006857 on March 28, marking a 2,006,631% rise from the Oct. 10 low.
Despite dropping from this high to trade at the current price of $0.000439, Toshi is still 1,284,652% up from the Oct. 10 value. However, the token still has a market below $200 million, specifically at $185,065,883.
ROOST
Roost is one of the newest meme coins on Base, having launched less than two weeks ago. As a result, Roost is yet to record its first meteoric price surge, giving investors an opportunity to jump on it before such a rally occurs.
Following its launch, Roost first rallied 32% to a high of $0.1311 before collapsing, with its volume spiking to $115,862,012 at the time. The token has recorded intermittent declines since then, currently changing hands at $0.05846.
The meme coin is down 39% from its earliest trading price, with a 24-hour trading volume of $6,773,097. However, ROOST only commands a market cap of $58,163,306, below the $100 million mark. This translates to an ample room for more growth.
DOLLUR
DOLLUR also made its debut last month, making it an early entrant to the scene. After it began trading on Uniswap on March 30, Dollur recorded an impressive 317% intraday gain on March 31, closing the day at a $0.001440 price.
After trading flat on April 1, the meme coin recorded three days of sustained declines, collapsing by 97.82% within these three days to close April 4 at a price of $0.0003964. However, DOLLUR has begun a recovery, spiking 84% yesterday, as it looks to reclaim the previous highs and push toward greater heights.
DOLLUR currently trades for $0.0007025 with a 24-hour volume of $218,981 and a fully diluted valuation of $1.89 million. Due to its extremely low value and its age, Dollur has become one of the noteworthy meme coins on Base.
PAT
Launched eight days ago, Pat has not had enough time to completely impress or disappoint investors. However, it has already witnessed gains that demonstrate its potential. The meme coin rallied 909% from its value on March 29 to a high of $0.009204 on April 1.
Nonetheless, with the broader crypto market slump, Pat also collapsed to a low of $0.00184 yesterday, with a volume of $678,945. It has continued to consolidate at this range, looking for the next price push toward greater heights.
Trading for $0.002537, Pat currently boasts a 24-hour trade volume of $844,765 at the reporting time despite its extensive consolidation, currently up 360% from its lowest price of $0.0005466 on March 30. The meme coin has a minimal circulating supply of 1 billion, with a current market cap of $2.5 billion.
