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The crypto market’s preference for utility-focused projects is often overshadowed by meme varying degrees of narratives. However, investors’ true intent becomes clearer as the market returns to equilibrium.
The market tilts towards this narrative as assets fight to find a balanced price in an indecisive market. Bitcoin lost over 2% of its value today after several days of uptrend and consolidation. The price movement has resulted in a decline in the price of several altcoins.
Most Trending Cryptocurrency on Base Chain
The Base network recently became a platform of interest, especially as meme coin teams and communities launch innovative projects on the chain. Today’s article explores the top trending cryptocurrencies on the Base chain. It equally covers the details of their price data and evolving potential.
1. BaseCTO (CTO)
BaseCTO is a new meme coin project with a growing holders community on the Base chain. The new coin is intended to be the binding force among degen investors who are passionate about investing in memecoins. Moreover, the team and community members of the BaseCTO are obsessed with making the project one of the top-performing assets on the Base chain. a
Today’s data shows that the project has a trading volume of over $250k, and its market cap is relatively below the $1 million mark. The data further strengthens BaseCTO’s narrative of growth.
Similarly, Basescan reports show that the CTO has completed over 145k transactions since inception, data that adds to its growth narrative. Plus, its holder count as of the time of writing is reportedly 29.76k.
Furthermore, the BaseCTO Chart shows a bullish trend with momentum candles pushing upwards. This trend accounts for its presence on the trending crypots on the base chain today.
Notwithstanding the number of upsides posted by the CTO token, a handful of drawbacks would likely influence the token’s future performance. The first is the momentary retracement that appears on its chart. This might signify a period where intending investors must hold back before deciding. Another drawback is its low transaction volume despite its growing number of holders. This suggests a lack of investor participation.
This stands in contrast with the substantial number of holders. The lower trading volume may signify that many addresses that count as holders are dominant or hold no token. With that, it is best to keep the CTO on a watchlist, pending the time the community and team resolve the volume and market cap imbalance.
2. Boomer (BOOMER)
The Boomer on Base project is a meme token to help boomers and other crypto enthusiasts gain in-depth knowledge of the crypt market.
According to the project’s website, the vision is to onboard over 10 million boomers. When writing, DEXTools reports that the BOOMER token, the native cryptocurrency of the Boomer meme coin project, has over 2 million holders. Thus, the team and community are inching in on their vision.
Furthermore, the website emphasizes that the project’s core focus is to provide a community where holders can interact. It also aims to provide in-depth educational resources to new and experienced crypto traders, investors, and everyday people who wish to learn about the industry.
DEXTools data reveals that the new project is making impressive progress. Today, the market cap of the BOOMER token is valued at $5.6 million. Its market data today equally reveals a trading volume of about $100k.
Given the 2 million holders count, it’s hard to relate to the low trading volume. Another obvious drawback in BOOMER’s market data today is the correlation between its trading volume and trending status.
There's so much going on in the world, between the financial markets, carry trades with the YEN, and impacts on consumers…
Today's space is unrecorded and a chance to talk openly about what's going on and how we chart a path forward.
Keep Boomin'https://t.co/T1Z156JfFF pic.twitter.com/co31jVjvKx
— $BOOMER (@BoomerOnBase) August 7, 2024
Being a trending token on the Base chain today should provide the visibility it needs to achieve traction. It should also influence the number of transactions recorded in the last 24 hours. The weakness in its trading volume suggests a drawdown in its investors’ appeal. This would be a gap the team and community need to fix to unlock its potential.
Hence, the probability of BOOMER keeping its space as a top-ranking token on the Base chain depends largely on how it resolves its weaknesses and improves the market appeal of the token.
3. Chinese BRETT (CHRETT)
BRETT is one of the best-performing crypto tokens of this bull market, particularly in the meme coin category. Early investors in BRETT saw over 16 times returns on their capital, and it remains one of the trending meme coins to date.
Chinese BRETT is a variation of the BRETT narrative. However, the new project puts an Asian twist on the story. Chinese BRETT aims to allow sidelined investors to join the BRETT narrative and participate in a new wave.
Interestingly, the project is gaining gradual progress. Today, it ranks among the trending tokens on the Base chain after posting a trading volume increase that matches its valuation.
At the time of writing, CHRETT has a market cap of $200k and a circulating supply of about 752.51 million tokens. Contrary to the increasing trading volume and market cap, Chinese BRETT posts a weak locked liquidity. DEXTools reports show that the token has $63.61k locked liquidity.
Generally, the value is smaller than what it needs to get on CEX platforms. It also puts long-term investors on red alert. This presents a future challenge for the project. Its focus on the Chinese narrative may give it the edge it needs in the market. However, the project’s team and community must improve its market data to attract more investors.
What Might Be The Next Top Trending Crypto
The DICE token is the brainchild of the popular casino brand Mega Dice. The brand has offered casino services to thousands of satisfied users worldwide for several years.
Now, crypto investors and traders can become a part of the brand’s success story as it brings expertise into the crypto space. Through the DICE token, Mega Dice seeks to offer casino service to the crypto ecosystem.
Generally, projects launching within the blockchain environment often encounter steep hurdles when entering the market. Most of the challenges come from difficulties with customer acquisition and sustaining the progress of the company’s vision.
Thankfully, Mega Dice has a working model with its online casino service. Transferring the success into the DICE project reduces the friction it may encounter in the early phase of its launch.
Refer & Earn with $DICE! 🚀💰
Exciting news! You can still refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases. Here's a simple guide on how to get started:
1. Visit: https://t.co/E5WFsXQhfQ.
2. Connect: Connect your wallet.
3.… pic.twitter.com/oU7wlcuYGt— Mega Dice Casino (@megadice) August 12, 2024
Moreover, the project aims at working within the telegram environment, which suggests that it’s leveraging the social network’s existing user base. A more detailed analysis of the Mega Dice project shows it has several upsides stacked in its favor and may have the edge it needs to succeed in the crypto casino sector.
Furthermore, the Mega Dice project released some interesting news. Investors now have the opportunity to refer and win up to 10% of all purchases.
Investors can purchase the DICE token before its launch, and the details of the presale offering of the token are available on its official website. Similarly, investors and traders can get first-hand information about the project from its social media platform, especially the official Twitter handle.
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