As a crypto investor with some experience under my belt, I’m always keeping an eye on meme coins and new projects in the ecosystem. Wednesday was a particularly exciting day as Base Blockchain’s tokens, Brett, Basenji, and Degen, saw significant gains.
As a researcher studying the cryptocurrency market, I observed noteworthy gains among meme coins on the Base Blockchain during Wednesday’s market recovery. The leading token, Brett, recorded impressive growth of over 18%, significantly expanding its market capitalization to approximately $1.5 billion.
On Wednesday morning, the value of Basenji (BENJI) significantly surged, nearly doubling, while Degen experienced more modest growth, which was still a notable 35% increase. This impressive rise can be linked to an improved mood in the cryptocurrency market, with Bitcoin regaining the $65,000 mark. Typically, altcoins and Bitcoin exhibit a positive correlation.
Another explanation for the rise in these tokens is that the Base Blockchain system is experiencing significant growth. The data indicates that the network’s total value secured (TVS) has recovered to reach $1.45 billion, ranking it as the seventh largest platform within the industry, following Ethereum, Solana, Tron, BSC, Arbitrum, and Blast.
On Wednesday, the majority of decentralized applications (dApps) in the ecosystem experienced inflows, with Uniswap, Aave, and UNCX Network being the top contributors. Additionally, Morpho, a Decentralized Finance (DeFi) network boasting over $1.8 billion in assets, joined the network that day.
Brett gains further recognition
As an analyst, I can share that I received a favorable development: my perpetual futures are now available on Kraken, a prominent global cryptocurrency exchange. This listing is typically followed by a surge in value for most digital currencies. In addition to Kraken’s recognition, I’ve also been included in CoinDCX’s offerings – a significant Indian exchange.
Consider the possibilities of investing in Brett with the recent new coin listing on CoinDCX. Start trading today! #NewListingOnCoinDCX #InvestInBrett
— CoinDCX: India’s Safest Crypto Platform (@CoinDCX) June 18, 2024
Based on current trends, it’s likely that crypto exchanges, including those mentioned, will add Basenji and Degen to their lists of supported tokens.
As a researcher studying the crypto market, I’ve come across Brett and Basenji, two meme coins that aspire to mirror the triumphs of established tokens on Ethereum and Solana platforms. In contrast, Degen is a unique blockchain network that distinguishes itself by incentivizing users for sharing content. With over 465,000 holders and processing more than 6 million transactions, Degen has proven to be an intriguing player in the blockchain landscape.
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2024-06-19 16:48