{"id":563799,"date":"2024-08-12T15:52:26","date_gmt":"2024-08-12T15:52:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=563799"},"modified":"2024-08-12T15:52:06","modified_gmt":"2024-08-12T15:52:06","slug":"most-trending-cryptocurrency-on-base-chain-now-boomer-basecto-chinese-brett","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/most-trending-cryptocurrency-on-base-chain-now-boomer-basecto-chinese-brett","title":{"rendered":"Most Trending Cryptocurrency on Base Chain Now – Boomer, BaseCTO, Chinese BRETT"},"content":{"rendered":"

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. <\/span><\/p>\n

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. <\/span><\/p>\n

Most Trending Cryptocurrency on Base Chain <\/b><\/h2>\n

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. <\/span><\/p>\n

1. BaseCTO (CTO)<\/b><\/h3>\n

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<\/span><\/p>\n

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. <\/span><\/p>\n

\"BASE<\/p>\n

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. <\/span><\/p>\n

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.<\/span><\/p>\n

\"CTO<\/p>\n

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. <\/span>Another drawback is its low transaction volume despite its growing number of holders. This suggests a lack of investor participation. <\/span><\/p>\n

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. <\/span><\/p>\n

2. Boomer (BOOMER)<\/b><\/h3>\n

The Boomer on Base project is a meme token to help boomers and other crypto enthusiasts gain in-depth knowledge of the crypt market.<\/span><\/p>\n

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. <\/span><\/p>\n

\"BOOMER<\/p>\n

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. <\/span><\/p>\n

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. <\/span><\/p>\n

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. <\/span><\/p>\n

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There's so much going on in the world, between the financial markets, carry trades with the YEN, and impacts on consumers…<\/p>\n

Today's space is unrecorded and a chance to talk openly about what's going on and how we chart a path forward.<\/p>\n

Keep Boomin'https:\/\/t.co\/T1Z156JfFF<\/a> pic.twitter.com\/co31jVjvKx<\/a><\/p>\n

— $BOOMER (@BoomerOnBase) August 7, 2024<\/a><\/p><\/blockquote>\n