Crypto traders are moving from Solana-based meme tokens to the growing market of Coinbase-based meme coins.
The move reflects a broader trend in the industry where liquidity and market sentiment drive investment decisions.
From Solana to Base Meme Coin
Rekt Fencer is an experienced analyst who has reportedly raised over $1 million through the Solana meme coin. He is leading the charge on base tokens. Fencer's migration is evidence not only of changes in blockchain, but also of the hype surrounding crypto investing.
He also highlights the untapped potential of the Base token, which has the potential to generate high returns. Similarly, another analyst who goes by the pseudonym Xremlin agrees that the market's attention is gradually turning to the Base meme.
He noted that Coinbase plans to introduce a new service that will allow its more than 100 million users to trade on Base without the need for a seed phrase or private key, adding to the hype.
The appeal of meme coins is their ability to leverage online community and social media speculation. In fact, the power of the community plays a key role in the success of meme coins. Tokens with an active presence on social media and high engagement rates often indicate a solid and supportive foundation, which can lead to sustained growth.
Although some view these assets with skepticism, their financial impact cannot be ignored. Fenser advises traders to “stop ignoring meme coins” and start taking advantage of this favorable trend.
“Memecoin trading is the easiest way to make your first million dollars,” Fencer believes.
Read more: 7 hot meme coins and altcoins that will be trending in 2024
Fencer explains the importance of diligent research and using specialized tools to successfully navigate the meme coin market. Platforms like DEX Screener and DEXToolsApp are very useful for real-time analysis, allowing traders to identify coins with high potential early on. By following influential X personalities and monitoring their exchanges, you can gain important insights into token trends.
It also mentions the strategic use of AI trading bots to secure tokens at optimal prices, which requires care and expertise.
Among the standout Base meme coins covered by Fencer, Normie (NORMIE) has an entry price of $0.12 to $0.08, doginme (DOGINME) has an entry price of $0.001 to $0.0007, Briun Armstrung (BRIUN) has an entry price of $0.023 to $0.016, and bloo (BLOO) is recommended at $15. -$12, BaseProShops (BPS) from $0.0057 to $0.0034 and Bullet (BRETT) from $0.03674 to $0.02. Each token represents its own market capitalization and offers significant growth potential.
Still, Xremlin advises investors to approach these meme coins with caution as they come with high risks.
“Investing in memes is high risk. Only bet an amount you can afford to lose. Projects can stagnate, stagnate, or suddenly decline by 50% to 70% as the hype fades. Yes,” concludes Xremlin.
Read more: 11 Best Altcoin Exchanges for Cryptocurrency Trading in March 2024
This transition from Solana to Base represents a strategic shift towards a new avenue of wealth that is perhaps less explored in the crypto space. As traders like Fencer have demonstrated, the meme coin market can be a lucrative field ripe for discovery if approached with knowledge and strategy.
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