DEGEN, a growing crypto project on the Base blockchain, saw a massive +136% surge after Coinbase listing the day after Jesse Pollak’s promotion.
Pollak’s promotion at Coinbase is expected to enhance user experience across Base and Coinbase Wallet. Since its August 2023 launch, Base has already reached 4 million active addresses and processed over $100 billion in cumulative volume, establishing itself as a major player in the Ethereum Layer-2 space.
Looks like Jesse Pollack got to work fast
His first day as a Coinbase Exec – he gets $DEGEN listed
And it soars 70% to a $128M mc
Base SZN is BACK pic.twitter.com/YESVWXrMWV
— TylerD 🧙♂️ (@Tyler_Did_It) October 1, 2024
DEGEN serves as a reward token for Farcaster users, using a unique tip allowance mechanism to reward quality content creators. It powers the Degen Chain, one of the pioneering Layer-3 (L3) platforms launched on Base, referred to as the “Las Vegas of blockchains” for its innovative Degen apps.
Additionally, DegenPad allows builders on Farcaster to launch projects using $DEGEN, further fueling community engagement. With over 465k holders and 6 million transactions, DEGEN is now a rising force in the Base ecosystem.
Degen Could Push Further To Retest Previous Highs
Degen previous ATH was $1.05 billion. If this momentum continues, DEGEN could push further to retest previous highs especially after Coinbase listing. The price has broken out of a period of consolidation. If this breakout holds, DEGEN could target higher resistance levels, possibly retesting previous highs of $0.02.
Pepe Unchained ($PEPU) Presale: Breaking Boundaries with Layer 2 Tech
Pepe Unchained is revolutionizing the meme coin world by integrating cutting-edge Layer 2 blockchain technology, bringing faster transactions, lower fees, and double the staking rewards for holders. With its unique blend of meme culture and innovative tech, PEPU is not just meme.
Currently, in its presale phase, Pepe Unchained has raised an impressive $17 million, with $PEPU tokens priced at $0.099. As the presale progresses, the price will increase.
As a Layer 2, PEPU offers scalability, faster speeds, and reduced costs, ensuring a seamless user experience. Early investors benefit from enhanced staking rewards with a current APY of 127%. Pepu team assigned 30% of the supply for staking rewards.
Pepe Unchained — Groundbreaking Layer 2 Blockchain technology.
Welcome to the future of meme coins. 🐸 pic.twitter.com/iC9b6YSynT
— Pepe Unchained (@pepe_unchained) September 6, 2024
With PEPE Unchained, the meme coin legend is set to soar—double the rewards, lightning-fast transactions, and endless fun!
EXPLORE: Bitcoin Drops Towards $60,000 On Iran-Israel Tension: Why Are Analysts Concerned?
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.