Market cap WIF & PEPE is almost higher than blockchain Base

Base is a blockchain that has been receiving a lot of attention lately, especially because Ethereum still has very high transaction fees and Solana is currently experiencing network problems. Solana has become very popular in recent months with the help of meme coins, which currently appear to be moving to the new blockchain Base.

In this article we look at the explosion of the Base blockchain and its impact on Solana and Ethereum. Which blockchain will become the most popular in the 2024 crypto bull market?

Solana vs. Ethereum vs. Base – how big can Coinbase’s new blockchain become?

Given Ethereum’s high transaction fees and the congestion on Solana’s network, Base presents itself as an attractive alternative for investors and traders in meme coins. Base users enjoy low transaction fees and fast processing times.

These features make Base an excellent choice for those in the dynamic world of cryptocurrency trading, especially those focused on meme coins. The efficiency of the Base network supports both fast transactions and cost-effective operations, essential for maximizing returns in a market known for its volatility.

Choosing a blockchain platform that offers low fees and high processing speeds is crucial for traders seeking efficiency and profitability. Base stands out in this regard, offering a solid infrastructure for investors who want to respond quickly to market movements without compromising on performance.

These benefits position Base as a strong alternative within the cryptocurrency ecosystem, especially for those seeking a more accessible and less saturated environment compared to established networks such as Ethereum and Solana. This opens up new opportunities for meme coin traders and investors to diversify their strategies and benefit from the growing adoption of digital currencies.

Data from DeFiLlama clearly shows how popular the new blockchain has become in recent weeks. The trading volume, but also the Total Value Locked (TVL) of base has increased considerably.

Despite this increase, Base still has a long way to go, for example meme coins such as Dogwifhat (WIF) and Pepe (PEPE) have a higher market cap than Base’s TVL. WIF with a market cap of $3.4 billion, followed by PEPE with $2.9 billion and Base with a TVL of $1.49 billion.

If we compare this to the TVL of Ethereum ($53 billion) and Solana ($4.4 billion), Base seems far from being a major player. In addition, Solana expects to solve its problems soon, which will allow meme coins to become more popular on the network.

Solana’s popularity has attracted many scammers to the network, which could be another reason why investors choose Base. For example, most meme coins on Solana fall over within a few days and sometimes even within a few hours.

The #Solana ecosystem is hot right now, but that also brings bad actors and scams. BE CAREFUL and DYOR as best as you can on any investment

— Crypto Tony (@CryptoTony__) April 4, 2024

Currently, Base stands out as the premier blockchain for traders and investors, with Solana and Ethereum taking the next positions. Solana is expected to attract more attention later this year due to the introduction of utility tokens. Ethereum, despite its high transaction fees, remains a solid choice for investors due to its proven reliability.

Base dominates meme coin trading, while Solana is seen as a platform with significant growth potential. Ethereum is valued for its stability and security. Each of these blockchains offers unique advantages: Base for fast and dynamic trading, Solana for innovative projects with growth potential, and Ethereum as a reliable backbone for decentralized applications.

This diversity highlights the variety and richness of the current blockchain ecosystem. Traders and investors should carefully consider these characteristics when making investment decisions. Understanding the specific strengths of each blockchain can help optimize investment strategies and maximize potential returns in this rapidly changing market.

Which altcoins will explode in the emerging crypto bull run?

Base is currently getting a lot of attention thanks to meme coins, which are helping with blockchain adoption, but Solana’s problems could be a thing of the past later this year. Meme coins on Solana therefore still have the potential to become valuable, especially the meme coins that do not collapse on day 1.

In this part of the article we look at some Solana meme coins with reliable teams, a low market cap and potential to explode.

Dogeverse (DOGEVERSE)

If you’re not sure which blockchain is best, Dogeverse (DOGEVERSE) is the ideal meme coin to buy. Dogeverse is the first Doge to work on many different chains. This new meme coin is available for presale, having already raised over $900,000 in its first 2 days.

Cosmo, the project’s mascot, is the dog with the power to travel between different stars (in this case blockchains) at lightning speed. The meme coin will be available on Ethereum, the Binance Smart Chain, Polygon and Avalanche, but soon also on Solana and Base.

You can purchase DOGEVERSE for $0.000291 in the presale and stake it to passively earn additional tokens. An investment in Dogeverse means that you no longer have to choose between different chains, because you can use the meme coin on all popular blockchains.

Slothana (SLOTH)

Slothana (SLOTH) is the sloth of Solana, who would rather be lazy than tired and is done with the corporate world to make his money with crypto. Slothana’s presale has been a huge success, raising more than $10 million in just a few weeks.

Early investors can join the sloth to potentially make a lot of money after launch. Slothana plans to fly to a market cap of $420 million together with its community.

🚀 Get ready to blast off with Slothana! 🌿 We’re gearing up for launch and this is your last chance to grab your $SLOTH 🌕 Don’t miss out on the action as we prepare to announce our official launch date. Watch this space. #slothana #memecoin

— Slothana (@SlothanaCoin) April 8, 2024

You can purchase SLOTH in the presale for 1 SOL per 10,000 tokens and will soon receive the purchased tokens automatically in your wallet. Thanks to the strong community that Slothana has built, SLOTH could become worth a lot and make a lot of money for early investors.

Smog (SMOG)

Smog (SMOG) is not only a meme coin, but is also known as the largest Solana airdrop. This airdrop has made the meme coin very popular, pushing SMOG to a peak of around $0.38.

You can participate in the airdrop by purchasing SMOG and earn additional airdrop points by holding, trading and staking the token, as well as completing quests on Zealy. The more airdrop points you collect, the bigger the airdrop will be for you.

You can buy Smog through the official website, MEXC, and decentralized exchanges on Solana. Smog has stood the test of time since its launch in February and could increase significantly in value after the halving.

Disclaimer: This article contains insights from independent authors and is not part of BitcoinMagazine.nl’s editorial content. This is not investment advice, please do your own research.