Meme coins are trending on the Base Blockchain Ecosystem as it pushed the overall transaction volume of the blockchain to its new all time high.
There are rumors going around that Base will probably be the new meme coin hub in the crypto world, overtaking Solana’s dominance in the meme coin category.
Meme Coin Surge on Base
Meme coins traders are migrating to the Base Blockchain as the overall transaction volume of the meme coin sector on the blockchain increases significantly.
This is due to the fact that according to CoinGecko, the Base Meme Coin Sector is currently the leader in the seven day price gain rankings compared to other categories in the crypto space.
According to CoinGecko, Base Meme Coins have cumulatively risen more than 600% in the last week giving traders huge amounts of profit in a short amount of time.
The current condition has managed to overthrow Solana’s Meme Coin Ecosystem as it currently ranks in the seventh spot according to CoinGecko.
Price gains of meme coins on Solana are no longer as interesting as Base for meme coin traders, as in the last week, Solana meme coins have only risen around 50%, far below Base’s 600% increase.
Base’s Meme Coin Sector has also successfully beaten other popular categories such as layer three blockchains, Liquid Restaking Governance, Fractionalized NFTs, and the Cat Themed Coins Sector.
All of those four are currently popular categories, especially layer three blockchains, where most of them are currently getting the hype from crypto investors due to its unique architecture and how it transforms the overall trend in the blockchain space from monolithic blockchains into modular blockchains.
DEGEN and BRETT Leading
Currently, there are two meme coins that stands out from the crowd, which are DEGEN and BRETT.
Both of them are relatively old meme coins in the Base Ecosystem as BRETT itself has been created since February 2024 and DEGEN has been created since January 2024.
Currently BRETT is leading the rankings on market capitalization, where the overall market capitalization of BRETT is currently standing at around $600 Million.
$600 Million can be considered a huge amount for meme coins which is why it is currently also trending on social media and has been giving profits all week long.
However, currently the leader of the overall weekly price gain is still DEGEN with an overall 186.9% price gain in the past week.
Both of these have been the talk of the town on Base’s communities, which also is one of the reasons why there are speculations that Base will be the new meme coin hub for degen traders.
It is predicted that there will be more meme coins on the Base Ecosystem due to the success of these two meme coins.
Traders should keep an eye out for new projects on the Base Ecosystem, as there is a lot of new early opportunities to buy into.
But remember, with high risk always come high rewards, always keep your risk management in tack while always having a plan to buy in as well as to exit.
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