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The Base chain has quickly become home to multiple emerging crypto projects. However, the most popular cryptocurrencies on the Base chain are mostly memecoins. Therefore, investors believe that unlike Solana, which previously incubated memecoins, the Base chain has now become the main carrier platform for meme culture.
Investors who want to seize the Base chain opportunity should identify popular projects on the chain before these projects become common. This article introduces the performance of some popular cryptocurrencies in the Base network, Higher, Toby, and Pat, and shares their market data.
The most popular cryptocurrencies on the Base chain
Additionally, an overview of Dogecoin20 is included in today's article. Although degen investors often focus more on popular cryptocurrencies, it can be helpful to identify upcoming cryptocurrencies with potential. Dogecoin20 recently completed its presale, raising over $10 million in hard cap in just a few days. The project's presale performance bodes well for its market potential. More details on the Dogecoin20 project are detailed below.
1. Higher (HIGHER)
Higher is one of the high performers of Base chain in the cryptocurrency category. The token has maintained a steady upward trend since its launch. Today, HIGHER has gained more than 76% with a trading volume of over $2.2 million.
Despite being a memecoin, the project has seen an increasing number of holders and its price is rapidly approaching the $0.1 mark. As of the time of writing, on-chain data from Basescan shows that HIGHER has over 7,900 holders and has completed over 87,000 transactions.
What makes HIGHER different from many memecoin projects on the Base chain is that it is a fair launch, meaning there is no pre-sale. According to its official Twitter post, the project was created by the community on Farcaster. The community is described as a group of people who like memes, which suggests that the token is aimed at common interests.
Surprisingly, despite the fair launch, it has accumulated a price increase of more than 1000% in less than 30 days. Data shows that the number of holders is still increasing. The last recorded value change shows that it has risen by more than 2% in the past 24 hours. With its launch on more platforms and increased exposure, HIGHER may gain further price growth. Therefore, it may appear more times on the list of popular tokens in the coming days of this quarter.
2. PAT (PAT)
PAT is a multi-themed memecoin built on the Base chain. It uses a cat and toad theme mix to give a new sense of power and fun. The project calls itself a newcomer that hopes to replace the glory days of the PEPE token. Its data on DEXTools shows that the token price has increased by more than 43% in the past 24 hours, and the market value has reached $6.6 million at the time of writing.
In addition to its growing price and market cap, PAT also has around 4,000 holders and a growing social media community. As a result, PAT’s active activity puts it among the most popular cryptocurrencies on the Base chain.
Despite multiple memecoins being released on the Base chain every day, PAT remains one of the most popular cryptocurrencies in the past 24 hours. One of the reasons for the project’s appearance on the list of popular tokens is the recently completed meme contest, which required community members to create memes and join in on the action.
Ultimately, the project is still in a growth phase, seeing increased interest from degen investors. This trend is manifested in the increase in the number of users on its social media platforms, especially on Twitter. As of this writing, Pat has over 4,000 followers on his Twitter account, as well as a growing Discord community.
Therefore, the memecoin may have enough community support to maintain its reputation on the hot list in the coming weeks. On the other hand, the Pat community may need to work hard to get the coin listed on cryptocurrency data aggregation platforms like Coingecko and CoinMarketCap to increase the project’s exposure.
3.Toby (TOBY)
Toby is a newly launched memecoin project on the Base chain. The project is based on the popular toad trend and is similar to Pepe. However, the popularity of the PEPE token far exceeds that of Toby. At the time of writing, data from DEXTools shows that TOBY has a market cap of $12.5 million and a liquidity value of $293.65 million. Its trading volume shows a growing interest in the token, which is worth $600,000, which is about 10% of its market cap.
Overall, it is not surprising that Toby appears on the list of popular cryptocurrencies today, as the project is making active marketing efforts. Information on the project's website indicates that the community's mission is to complete the token distribution to more than 1.2 million wallets worldwide. According to Basescan's on-chain data, there are currently more than 700,000 TOBY holders worldwide.
This large number of holders makes it possible for the asset to appear multiple times on future trending lists. Additionally, the token airdrop for 70% is still ongoing and it has over 4k followers on Twitter, which gives it an edge in terms of gaining exposure. However, there are no hard facts to verify these claims, as trading volume suggests that only a small percentage of token holders are actively trading.
What might be the next hottest cryptocurrency?
Now, as altcoins are trending downward, historical data shows that money generally flows into assets with long-term value and utility. On the other hand, degen investors generally put money into hot or emerging memecoins. Therefore, the timing of the launch of the Dogecoin20 project is very noteworthy.
Besides deciding to launch at a time when altcoins are generally falling, the project has two other advantages. First, its launch date coincides with Doge Day. Likewise, the project’s debut is close to the Bitcoin halving date. These two major events will provide momentum to push DOGE20 to a bigger upside.
As of this writing, Dogecoin20 has reached its pre-sale hard cap. However, the team is offering more opportunities for beginners to get involved. According to updates on its pre-sale page and Twitter account, investors can still buy DOGE20 before the listing date. The listing date is set for April 20, which is 18 days away at the time of writing. The team has reserved a portion of the tokens used for marketing for this purpose.
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