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This week, explore:
- Meme Coin News: Market Overview
- Base Chain Emerging as a Hub for Meme Coins
- BRETT Leading Among Base-Linked Meme Coins
- BONK Introduces Email Login and Launches E-cards
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Meme Coin News: Market Overview
The market capitalization for meme coins rose by 1.8% in the past 24 hours, now totaling $52.2 billion.
Dogecoin (DOGE) remains the leader by market cap, valued at $20.76 billion.
In second place is Shiba Inu (SHIB), with a market cap of $13.84 billion.
Pepe Coin (PEPE) ranks third, with a significantly lower cap of $3.7 billion.
DOGE also maintains the top position in 24-hour market volume, reaching $52.6 billion.
Dogwifhat (WIF) follows in second place, recording $889 million.
This indicates a notable gap between the top two positions.
Source: cryptonews.com/coins/meme-coins/
Examining the price changes over the last 24 hours, three of the top 10 meme coins by market cap have experienced declines.
These include WIF, COQ, and MEME, each down between 0.5% and 2%.
SHIB stands out as the top performer in this group, with a price increase of 4% to $0.00002.
BONE follows closely, rising by 2.6% to $0.57782.
The remaining coins have seen increases ranging from 0.5% (BABYDOGE) to 2% (DOGE).
However, all these coins have experienced price declines over the past week.
WIF dropped by 19%, DOGE fell by 14.5%, FLOKI decreased by 12.8%, SHIB declined by 8.1%, and PEPE saw a 3% drop, among others.
Base Chain Emerging as a Hub for Meme Coins
Base has garnered increasing attention since its inception and may be on track to outpace Solana. This could prove advantageous for the coins it supports.
Several factors could contribute to this potential outcome. Coinbase’s Ethereum layer-2 blockchain anticipates significant ecosystem advancements, alongside noteworthy on-chain metrics.
Key developments include the Base Chain Smart Wallet and a smart contract named ‘Magic Spend.’
Regarding on-chain metrics, Base’s 24-hour trading volume is reported at $125.47 million today, according to DeFiLlama.
At the start of this year, that figure was merely 21.63 million.
Additionally, its total value locked (TVL) is currently $1.508 billion, approaching its all-time high of $1.65 billion.
At the beginning of the year, the TVL was $437 million, reflecting a substantial 245% increase over four months.
Source: defillama.com
In comparison, Solana has a TVL of $4.02 billion, up from $1.4 billion at the start of the year, marking a 187% increase.
Its current 24-hour volume is $598.93 million, compared to $545.88 on January 1.
In addition to discussions about Base potentially overtaking Solana, there are also conversations regarding which chain operates at a faster speed.
Base is slower than Solana:
5x slower block times and 10-60x less TPS (depending on demand)
Its largest block yesterday had over 94% failure rates (even higher than Solana)
Coinbase wallet is also on Solana (not to mention Solflare, Phantom, Backpack are the best wallets in… pic.twitter.com/1KbL34ja90
— mert | helius | hSOL (@0xMert_) April 10, 2024
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BRETT Leading Among Base-Linked Meme Coins
In relation to the Base chain, this is an opportune moment to review its top 10 meme coins.
The market capitalization for Base meme coins today is $877 million.
Brett (BRETT) holds the top position by market cap at $289.4 million.
DEGEN follows with a market cap of $235.1 million.
These two coins together represent $524.5 million of the total $877 million.
TOSHI is the only other coin exceeding a market cap of $100 million.
Source: coingecko.com
In the last 24 hours, only three coins – NORMIE, HIGHER, and BRETT – have seen declines. The first two dropped around 10% each, while the latter fell by 4%.
Among the coins that increased, BOOMER stands out as the top performer, rising nearly 40% to $0.03265.
DOGINME follows in a distant second with a 12% increase to $0.0002355.
The remaining coins have risen between 0.5% and 5%.
However, the 7-day trend is predominantly negative.
HIGHER and NORMIE experienced the largest declines, each exceeding 30%.
Meanwhile, DEGEN recorded the highest 24-hour volume at $26.6 million.
Mfercoin (MFER) ranks second with $9.3 million.
BONK Introduces Email Login and Launches E-cards
The meme coin BONK announced several updates this week.
On Wednesday, the project’s teams disclosed their collaboration with TipLink, a streamlined wallet aimed at simplifying the transfer of digital assets as easily as sending a link.
BONK stated that users can now log in using only their email on BONKrewards and secure their coins.
Currently, over 3.28 trillion BONK are locked there.
Study this UX, there are lessons in here.
— TipLink (@TipLinkOfficial) May 7, 2024
According to TipLink’s documentation, a crypto user can create a TipLink and share that link with anyone across various platforms, including text, Discord, email, or others.
“The remarkable aspect is that the link serves as the wallet,” it stated.
TopLinks can store SOL, SPL tokens (tokens functioning on the Solana blockchain), non-fungible tokens (NFTs), and semi-fungible tokens (SFTs).
Thus, TipLink provides decentralization and self-custody without the need for seed phrases, key management, applications, or browser extensions, as noted by the project.
On Saturday, BONK announced the launch of BONKmark E-cards in anticipation of Mother’s Day.
This initiative, made possible through the partnership with TipLink, enables users to send BONK using only an email address, allowing “moms worldwide to utilize their BONK.”
Tomorrow is Mother’s Day and The Dog wanted to give you a way to say “I Love You” with a BONK bonus
Introducing BONKmark E-cards, which allow users to send BONK anywhere and have moms all over the world use their BONK. All you need is an email address!
Head over to… pic.twitter.com/5I70bIh2AV
— BONK!!! (@bonk_inu) May 11, 2024
Shoutout to @bonk_inu for making it fun and easy to send cards for various holidays via email.
Try it out for Mother’s Day!
Your mom can simply login with Google to claim if she doesn’t have a wallet. https://t.co/1fJ5jSvI98 pic.twitter.com/nlVAz6R0R7
— TipLink (@TipLinkOfficial) May 12, 2024
BONK indicated it would guide recipients on how to transfer the BONK to a centralized exchange, convert it to fiat, or deposit it into BONKrewards.
The E-cards feature various designs for Mother’s Day, celebrations, and significant milestones.
The post Meme Coin News: Top 10 Base Meme Coins, BONK Partners With TipLink appeared first on Cryptonews.
