Coinbase launched its own meme coin, Miggles. While it took a bit to take off, it has gone up 20x since Coinbase announced its arrival!
One could ask himself, will this spark a new Base season? How hard will Coinbase push Miggles? Cat coins have been the leading narrative for meme coins lately, which will also play into price, potentially pushing super had.
MIGGLES: Expert Suggests This Smart Pair Trade!
One has an entire @coinbase / @base marketing campaign dedicated for it and is below $50m mc
The other has 90% of its supply controlled by insiders and is over a $1.2b mc
It will be obvious in retrospect. pic.twitter.com/Ez0MOr5llj
— Average Joe’s Crypto (@AvgJoesCrypto) July 18, 2024
One expert cleverly suggested that a good trade combo could be to short Brett on perpetual futures and buy Miggles on-chain.
It’s slightly advanced, but this pair trade could make sense. Brett is the biggest Base meme coin right now, sitting on a $1.25 billion market cap, and Miggles has a market cap of around $75 million.
Coinbase and Base will have a full team of one of the biggest exchanges dedicated to doing a huge campaign to make this coin successful. So it totally makes sense that Brett would pull back, and Miggles would explode, which is also evident looking at the chart.
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Miggles chart is pushing hard
Taking a look at the Miggles chart, it’s evident there’s high demand for the cat coin, which has done an impressive 20x since Coinbase announced it.
While there isn’t much to analyze just yet, we can see that it has done the so-called stairs approach, and has tested technically interesting areas every time, so one could expect a touch of $0.069 again.
Is Base Season Coming Soon?
Imagine being an adult male annoyed at a token called mr miggles
Be an enjoyer of the inevitable cat season on base
— Memez (🪬,🪬) (@cryptomemez) July 18, 2024
One could clearly assume that, with Coinbase’s support of the base ecosystem and the launch of its own meme coin, we could see a base season.
As we note from experts, they are expecting the same thing, and we can only advise people to keep their eyes out for new Base coins launching over the next week.
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Shiba ShootOut Offers 1450% Staking Rewards For Presale Investors
Shiba ShootOut, the new Play-To-Earn in town inspired by the famous meme coin Shiba Inu, offers an interactive gaming experience with different earning possibilities all wrapped up in a Wild West atmosphere.
The game is set in Shiba Gulch, where players can earn tokens by participating in poker tournaments, treasure hunts, lotteries, and storytelling competitions.
Shiba ShootOut also offers a staking option called “Cactus Staking”, which allows investors to stake their coins with a 1,450% APY.
Another interesting feature is “Posse Rewards,” a referral program that allows you to invite your friends to ShibaShootout’s community and get rewards.
In this phase of the presale, which has already raised $700 thousand, the price for SHIBASHOOT is $0.0196 dollars, and it will increase with the next phase.
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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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