The total value locked (TVL) in the Base network hit an all-time high on June 8, prompting investors to look for top base meme coins to buy.  This coincided with a surge in the number of transactions, as activity on the network ramped up. 

Despite these positive statistics from DefiLlama, Base remains one of the least explored L2 networks. To take full advantage of this untapped network, here are 4 top base meme coins to buy for 100 X gains.

1. Base Meme Coins To Buy – Brett (BRETT)

Brett markets itself as PEPE’s best friend on BASE, and simultaneously, the mascot of the network. The project has experienced massive success rising to hit a $1 billion market cap in three months.

85% of the 10 billion supply has been locked in liquidity for 1 year with the contract renounced. Moreover, Brett is the largest base meme coin with over $1.3 billion market cap. 

Brett price is trading at $0.130, having gained 126% in the last 30 days. Brett hit its all-time high price of $0.1933 on June 10 and is on a small retrace with more upside in sight.

BRETT’s 24-hour trading volume increased by 43%, signaling an increase in investor interest. BRETT is likely to find support around the $714M market cap level before bouncing back up.

Most recently Brett scored a partnership with Devour, a Web3 food delivery company, following free listings on multiple tier-1 and tier-2 crypto exchanges.

2. Degen (Base) (DEGEN)

Degen (Base) is an unofficial token sent to users of Farcaster, a decentralized social network. The asset has amassed a growing number of following from developers, and the crypto community in general. 70% of the token supply will be airdropped to the community eventually, with 15% of the allocation already distributed to Farcaster users.

DEGEN’s price between mid-March and April, rising to its all-time high price of $0.056. The meme coin also hit the $204 million market during that period before beginning to retrace.

Although DEGEN’s 24-hour trading volume is up 17%, the price is down 13% in the same period.  DEGEN has a current market cap of $104 million but could continue dropping and find support around $62 million if the $100 million support doesn’t hold. Degen is listed on Uphold, one of the safest and most well-integrated crypto exchanges in the space.

3. Basenji (BENJI)

Basenji markets itself as the dog of the Base chain. The main character of the Basenji meme coin is the Basenji dog breed popular in Ancient Egypt that helped them in tracking and hunting games in the desert. BENJI, the main token behind Basenji, has a 1 billion total supply with 0% tax. The contract is renounced and the liquidity is burnt.

According to the Basenji official website, the project received a BBB rating from Certik, a popular blockchain security and auditing company. The report depicts Basenji’s strengths as lying around governance and community.

BENJI price dropped 13% in the past week, and another 22% in the last 24 hours to trade at $0.05. Nevertheless, BENJI’s 24-hour trading volume is up 57%, indicating an uptick in investor interest. Given Basenji’s well-organized thesis and community governance, the project is one of the best base meme coins to buy.

BENJI’s current market cap sits at $52 million, down from $98 million on June 10. The project is currently on a downtrend, but there is a support of around $40 million market cap. Below that, BENJI could drop to $20 million, where the strongest support currently exists.

4. Toshi (TOSHI)

Toshi boasts the second-largest base meme coin by market cap according to CoinGecko. The crypto project is modeled after the cat narrative but with some utility. 

The team at Toshi is building web3 tools to help crypto developers build. Some of the tools include a multi-sender, a token locker, a liquidity locker, a DEX, a token launcher, and a launchpad.

Each of these tools has a specific function designed to empower blockchain developers to deploy decentralized applications (dApps) and protocols easily. The name ‘Toshi’ was also inspired by Brian Armstrong’s cat’s name, ‘Satoshi Nakamoto.’ 

With a $106 million market cap, Toshi looks like an early project with a real use case. TOSHI price hovered around $0.00024 at press time, a 14.5% drop in the last 24 hours.

Early investors made 1,314,870% (13,148X) if they bought at an all-time low 9 months ago. The next nine months could prove beneficial for investors who bag some Toshi now.

Conclusion

Being the youngest L2 blockchain, BASE is holding up well, surpassing $1.3 billion in TVL. Base meme coins like Degen, Toshi, and Basenji may be the Pepe’s and Bonk’s of the Base L2 network 6 months from now. Work is in progress to build a cheaper and faster bridge from Ethereum mainnet by Aviator, a development that may propel Base volume, TVL, and ultimately, meme coins on the network.

The post Top Base Meme Coins Targeting $1 Billion Market Cap By July appeared first on CoinGape.

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Filed under: News - @ June 24, 2024 1:26 pm