Coinbase’s Base chain has been turning heads in the crypto market lately.
While most eyes are on more established projects, Base could be a breeding ground for undiscovered penny cryptos with massive potential.
In this article, we examine Base’s growth and highlight three hidden gems that could offer explosive returns for early investors.
Base Chain Scales New Heights With Affordability, Efficiency, & Coinbase Backing
The Base blockchain is experiencing rapid growth this year for several reasons.
First off, it tackles a major headache for Ethereum users: scalability issues and high transaction fees.
Base works as a layer-2 solution, meaning it handles transactions off the main Ethereum network, dramatically reducing costs and speeding up processing.
This has instantly made it more appealing to developers and users who need a more affordable (and efficient) way to interact with dApps.
Plus, Base maintains compatibility with the Ethereum Virtual Machine (EVM).
This means developers familiar with Ethereum don’t have to re-learn everything to build on Base – making it an extremely accessible choice.
Naturally, the association with Coinbase also doesn’t hurt.
Coinbase provides an immediate user base and trust that attracts developers, fueling growth for the entire chain.
Taken together, these factors have helped the Base chain reach a new record in terms of total value locked (TVL), passing $1.4 billion yesterday.
Which Under-the-Radar Gems Are Hosted on Base?
With Base offering cheap transactions and a familiar development environment, it’s no surprise promising projects are popping up on the chain.
Let’s take a look at three lesser-known cryptos on Base with the potential to make a big splash:
1. Dogeverse (DOGEVERSE)
Dogeverse (DOGEVERSE) is making a name for itself as one of the first multi-chain meme coins, and it’s found a home on Base.
With its promise of bridging blockchains and uniting meme coin enthusiasts across different networks, Dogeverse aims to be more than just another joke token.
And, of course, it wouldn’t be a meme coin without a healthy dose of fun and a cute mascot – Cosmo the Doge.
However, the real draw for investors lies in Dogeverse’s unique setup.
By launching on six different chains (including Ethereum, BNB Chain, Polygon, and Base), Dogeverse taps into an enormous potential user base.
It’s much more accessible than most meme coins, allowing users to trade and hold DOGEVERSE on whichever blockchain they’re most comfortable with.
Plus, with staking yields of 1,087% per year, Dogeverse also offers a way to earn passive income.
All in all, DOGEVERSE presents an intriguing opportunity for those seeking a new penny crypto with high potential on the Base chain.
2. Briun Armstrung (BRIUN)
Another hidden gem on the Base network is Briun Armstrung (BRIUN), a cheeky nod to Coinbase’s own CEO, Brian Armstrong.
This project aims to be the king of all Base meme coins, rallying a “Bald Based” community behind its mission.
But don’t let the absurdity fool you – BRIUN also has a deflationary twist.
It cleverly uses trading fees to buy back and burn tokens, steadily reducing the supply and potentially driving the price up organically.
This mechanic brings an element of substance to the madness.
Of course, it’s important to remember that BRIUN is purely for laughs and has no actual use case.
Yet the token has still managed to reach a $12 million market cap in just three weeks – hinting that sometimes, a humorous aesthetic is all that’s needed to make a splash in the meme coin market.
3. Roost Coin (ROOST)
Last but not least is Roost Coin (ROOST), a meme token featuring a cartoon rooster mascot.
This project is all about hype and community – there are no fancy use cases or complicated features to interfere with the fun.
ROOST focuses on catchy slogans, its Twitter following, and the hope that viral traction is enough to drive its price higher.
This approach paid dividends less than two weeks ago when the ROOST price rocketed over 230% in just 48 hours.
Although ROOST has pulled back from its all-time high, it still attracted a whopping $6.8 million in spot trading volume in the past 24 hours.
So, for those looking for the next Base meme coin that could potentially take off, ROOST might be worth keeping an eye on.
