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Base Meme Coins up by 13% Overnight: What to Know

source-logo  u.today 09 July 2024 16:31, UTC
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Meme cryptocurrencies on Solana ($SOL) and Base (BASE) blockchains are yet again among the top performing cryptos. While overall market sentiment is apathetic, both categories managed to register double-digit increases thanks to low-cap assets rallying.

Meme coins on Base (BASE), Solana ($SOL) posting double-digit gains: See best performers

In the last 24 hours, meme cryptocurrencies on Base (BASE) and Solana ($SOL), two mainstream blockchains, demonstrated solid gains. Despite an almost stable market, both categories increased their aggregated cap by over 13% each.

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Amid dozens of tracked categories, Base (BASE) meme coins represent the third-fastest-growing category, surpassed only by modular blockchains and L2s on parallelized EVM. Meme cryptos on Base (BASE) soared by over 13%, with ChompCoin (CHOMP) being the best performer, marked by 22.5% growth.

The largest meme coins on Base (BASE), Based Brett ($BRETT) and Toshi ($TOSHI) demonstrated minor gains. $BRETT added 3% overnight, and its cap surpassed the $1.2 billion level.

$TOSHI added 1% and almost reached a $90 million market cap.

A similar situation happened in the Solana ($SOL) meme coin ecosystem. Its 13% growth can be attributed to low-cap rocketing. For instance, Popcat (CAT) added 11.9% in 24 hours and hit the $500 million capitalization milestone.

Shiba Inu ($SHIB), Dogecoin ($DOGE) lagging behind market recovery

The largest Solana ($SOL) meme coin, Bonk (BONK), is up by 7%; with a $1.73 billion market cap, it is targeting a position in the top 50 largest cryptos.

At the same time, the biggest meme coins are all in the red. Shiba Inu ($SHIB) is down by 0.2%, while Dogecoin ($DOGE) lost 0.1% overnight. Dogwifhat (WIF) lost its place in the top 50 after a 1.7% dropdown.

The overall cryptocurrency market is growing today. The net capitalization of the segment increased by 0.2%. Bitcoin (BTC) and Ethereum (ETH) are up by 1.5% each.

The Crypto Fear and Greed Index remains in "Fear" zone at 27/100 points, up only one point compared to its multi-year bottom, registered amid Friday's crypto carnage.

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