Following Mr. Miggle’s launch by Coinbase, Base season seems imminent, and in the same instance, Boshi launched last night, exploding an incredible 6700x.
The successful launch of Mr Miggles by Coinbase really ignited a so-called Base season.
After the launch, Mr Miggles seems to have found a base between $60 and $70M market cap, and the Base chain has been making all-time highs in transaction count and active users per day since then.
Return of Base Meme Coin Season Is Imminent – Here’s Why
Base Blockchain Overview by @sixdegree
As we can see from the overview above made by six degrees on Dune, if we ignore the wick in March, there have been almost daily consecutive new highs on both new and active users and transactions for months.
It’s mind-boggling that almost 1 million people make a transaction on Base every day.
This seems very much contrary to reading crypto Twitter, where all talk is about people trading memes on Solana. If this trend continues, we will see ALL Base coins explode.
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Just recently, we saw the first Base meme hit a $1 billion market cap in Brett. Interestingly enough, Brett has been selling off ever since Miggles launched, which may be due to people wanting to get into Miggles instead.
BOSHI: The Next Big Meme Coin on Base Chain?
Following the Boshi launch the token absolutely exploded in value after just minutes. This is a common occurance on new launches as people have automated bots to snipe new tokens.
During the first hour, Boshi had $400.000 volume and a price increase of 21500%. In total, to its peak, it increased by 673.000%. Since then, it has formed a base between $3 and $6 million market cap, with the holder amount increasing steadily.
While it’s still too early to do any sort of analysis on the token, we want to see it stay above the $2.5 to $3 million market cap. But we also have to remember that many so-called snipers bought the supply very cheaply, and we have to see these snipers sell before we will see it explode in value.
The Reason: Huge influencers are into Base meme coins
Congrats to $BOSHI ( @Boshi_on_Base ) today for a really super smooth launch, price action is still developing but the team behind $BOSHI & their MEME on #BASE are both 1st class, it's like they took all the lessons learned from previous projects and applied them all here 👏 🤩 pic.twitter.com/A1tmOS2AHH
— Satoshi Flipper (@SatoshiFlipper) July 24, 2024
Noticeably, huge influencers are into Boshi, which might help push it up.
People like Satoshi Flipper, who has been into crypto for almost a decade and is considered an expert on these subjects, endorsing such small projects as Boshi tells you all you need to know about this coin’s potential.
To learn more about Boshi, visit their X profile. Please also make sure you’re buying the correct asset, as this token has been faked multiple times!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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