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Cryptocurrency investors looking for opportunities need to exercise immense caution due to the unpredictable price fluctuation of crypto assets. Preferably, looking into assets with strong fundamentals, a functional team, and an established community is best. That way, investors can reduce the exposure to pump-and-dump projects.
Recently, the number of crypto projects built on the Base chain has increased dramatically. Many of the projects launched in the network have outperformed the crypto market over the past few days. Today’s post reveals the top trending cryptocurrencies on the Base chain and explores the factors contributing to the price action of each token.
Most Trending Cryptocurrency on Base Chain
Also, the article reviews the presale offering of the Bitcoin Minetrix crypto project and its listing plans. According to the project’s website, the team and community anticipate the April 30th launch of the project. Thus, the information below highlights all investors need to know to take advantage of the project’s exchange listing.
1. Riky the Racoon (RIKY)
Riky the Racoon is a new memecoin built on the Base network with a uniqueness that’s not common to most memecoin projects. According to the project’s website, it focuses on raising a community of pet lovers and crypto enthusiasts. At the same time, the project aims to ignite utility by creating its native DAO, which it hopes would ensure community governance.
At the time of writing, Riky the Racoon ranks high on the list of trending cryptocurrencies on the base network with over 80% price increase. It sports about a million-dollar trading volume today, making up over 30% of its market cap. Even though RIKY is a relatively new project, it has quickly amassed a growing community of investors and enthusiasts.
According to DEXTools data, the project has about one thousand holders and a circulating supply of 100 million coins. Investors considering investing in the RIKY token may be forced to stick with the decentralized exchanges as the project has no centralized exchange listing. The project’s website listed Uniswap as the exchange of choice for anyone who wishes to add the token to their portfolio.
Furthermore, it assures investors that the project’s LP tokens are burnt, and the ownership contract has been renounced. Thus, it assures users of the security and sustainability of the asset. In addition, there are claims that the project is currently working on the RIKY DAO, which it intends to leverage as a seal of decentralization of the project. There needs to be clearer details of the features and functions of the DAO. However, the project’s website promises that the DAO would be a game changer for the RIKY community.
2. Snort (SNORT)
Snort is currently trending as one of the top earners on the Base chain today. The project posted a double-digit profit in the early hours of today and secured its place as one of the BRETT token contenders.
Generally, SNORT’S surprising price pump results from its recent exchange listing. A post on the project’s official Twitter handle relates that the team secured a listing on the MEXC exchange the previous week. The listing has given SNORT fund inflow, increasing investors’ interest in the asset.
Basescan data shows that SNORT holders have crossed the 3000 mark, and its social media following has increased marginally after the listing. The project secured a CoinMarketCap listing recently, contributing to the increase in the token’s visibility.
Thus, there is anticipation that the token will make additional appearances on DEXTools trending lists. While the project shares detailed information about its internet footprint, investors have limited insight into its use cases and operational details.
We're thrilled to announce that the @SNORTwtf Kickstarter has concluded and $SNORT will be listed on #MEXC!
🔹Deposit: Opened
🔹SNORT/USDT Trading: 2024-04-29 05:00 (UTC)Details: https://t.co/BGz93lv4WI pic.twitter.com/5fGRmC2DJd
— MEXC (@MEXC_Official) April 29, 2024
Likewise, several areas of concern may be a red flag to investors who are conscious of project fundamentals. Snort shares detailed information about major aspects of its operations. Nevertheless, investors can access relatively scanty details on its funds and devs. Therefore, it is best to exercise caution when investing in this asset because a lack of developers could result in unforeseen challenges in the future.
3. Based Bunny (BUNNY)
Based Bunny is among the base chain’s top trending low-cap assets. The token sits at the top of the list, with a price increase of over 160% today. Besides being one of the top trading tokens on the platform, it is also among the top gainers in the last 24 hours.
BUNNY is a memecoin project that’s described as the best friend of Brian Armstrong. While the relationship between the two entities is unclear, the project has received growing interest from its community of investors.
As of the time of writing, Based Bunny has a market cap of over $17 million, and it sports many holders. According to DEXTools, Based Bunny has over 115 thousand holders and over 777.7 million tokens are circulated. BaseScan also reports that the project has completed about 202,570 transactions, which signifies growing activities within the network.
With its impressive market data and price action, investors would likely see the repeated appearances of the BUNNY token on the Base chain’s top trending list. The project is also working towards ensuring the BUNNY token has a widespread presence across multiple platforms and exchanges. A recent update on its social media outlet reveals a recent listing on the Poloniex exchange. There are plans to ensure the cryptocurrency is listed on other exchanges, including centralized exchanges. However, the proposed listing dates have not been released.
What Might Be The Next Top Trending Crypto
It’s the post-halving season in the crypto market, which implies that Bitcoin mining innovations are among the priority projects for investors. As the daily supply of Bitcoins reduces, the volume of funds contending for the limited supply of the cryptocurrency increases. Thus, investors with the financial fortitude to enter the mining sector are better positioned to benefit from the trend.
#BTCMTX Announcement! 📢
The final stage of the #BitcoinMinetrix #Presale has now ended! 🎉
The Claim event will be taking place on Tuesday, April 30th at 10 am UTC! 🕙
Mark your calendars and set your reminders! Don't miss it! 🗓️🚀 pic.twitter.com/pYeZ1ipFqn
— Bitcoinminetrix (@bitcoinminetrix) April 28, 2024
Nevertheless, the Bitcoin Minetrix is out to level the playing field. The project’s cryptocurrency, BTCMTX, makes it easy for investors to join the mining sector. According to the project’s whitepaper, BTCMTX holders can mine Bitcoin by participating in staking activities. Moreover, investors can mine Bitcoin from anywhere worldwide because the project uses cloud computer technology. It means anyone can own a Bitcoin outfit without investing in mining infrastructure.
BTCMTX presale is now sold out. Investors who participated in the presale would soon have the chance to claim their tokens as the listing date is earmarked for the 30th of the month. Investors can find more information about Bitcoin Minetrix exchange listing and staking on its presale website.
Visit Bitcoin Minetrix Presale
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