The world of cryptocurrency has witnessed an unprecedented phenomenon as BALD coin, the first meme coin on the Coinbase Layer 2 Blockchain, has gone viral. With its price soaring more than 3 million percent and even reaching up to 4 million percent at one point, BALD coin has captivated the attention of investors. Coinciding with this surge, a new player has entered the meme coin scene – HAIRY coin. This article explores the dynamics and potential behind these meme coins and their connection to Coinbase.
The Rise of BALD Coin
BALD coin’s astonishing return on investment has garnered significant attention, with investors seeing immense potential for profiting from its meteoric rise. However, there are rumors circulating that HAIRY coin, which follows a similar meme coin concept, might have been created by the same team behind BALD. This strategic move could allow the Base trend, associated with Coinbase CEO Brian Armstrong and his bald appearance, to create tangible value for early investors.
HAIRY Coin and its Potential
HAIRY coin, currently priced at $0.00045, has already shown promising gains with an impressive 37x increase in value. Despite having a modest market cap of $328k and limited liquidity compared to BALD coin, HAIRY coin has the potential for a significant price explosion. While BALD coin operates on the Coinbase Layer 2 Blockchain, HAIRY coin runs on the fully established Ethereum blockchain as an ERC20 token.
Though the creators of BALD coin remain unknown, blockchain experts have noticed potential associations with Coinbase. This speculation arises from the fact that the deployer of the BALD token contract is linked to an address that holds a significant portion of the current supply of cbETH (the Base version of a staked asset). The contract verification for both BALD and HAIRY coins is yet to be detected by DEXTools, indicating their novelty and recent emergence in the market.
Investment Considerations
While BALD coin has experienced immense trading volume, reaching $91 million in the past 24 hours, the coin’s one-way bridge prevents investors from realizing their profits through selling. In contrast, HAIRY coin offers more flexibility as an ERC20 token that can be freely traded. However, HAIRY coin’s DEXTscore of 1/99 reflects its lack of web and social presence, indicating that its developers may be focusing on behind-the-scenes strategies, such as engaging with alpha groups and influencers.
As the meme coin trend continues to captivate investors’ attention, HAIRY coin presents itself as a highly speculative and potentially lucrative opportunity. If BALD coin maintains its momentum and HAIRY coin establishes itself as a reliable companion, investors might consider including HAIRY coin in their portfolio for the long term. With its low DEXTscore of 1/99 and the absence of official token descriptions, HAIRY coin’s success largely depends on strategic maneuvering and compelling marketing efforts.
The emergence of meme coins like BALD and HAIRY represents an exciting and volatile aspect of the crypto market. While the future outcomes remain uncertain, these coins demonstrate the power of online communities and viral trends in shaping the investment landscape. As investors navigate the ever-evolving world of cryptocurrencies, keeping a close eye on emerging meme coins could present unique opportunities for substantial gains.
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