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Cryptocurrency News Articles
Base Chain Boom: AERO, SPONGE, FTM, DOGE Poised for Surge
Mar 25, 2024 at 10:46 pm
The crypto market is poised for a Base chain wave, with assets expected to surge in value. Coinbase's ownership of Base chain fuels its rally, attracting traders and investors. AERO, a Base Chain favorite, has seen a 900% price increase, while SPONGE, a newly launched project, has gained over 1000%. Fantom's recovery from an exploit and upcoming Sonic mainnet launch position it as a potential cryptocurrency to explode. Dogecoin's integration with Tesla and Coinbase futures listing drive its price higher, making it a promising investment for the second quarter.
Is the Crypto Market Primed for a Base Chain Surge?
The overall crypto market outlook is signaling a potential surge in the Base chain ecosystem. Assets within the network are poised for a dramatic price increase in the coming quarter. Several tokens have already exhibited trends that position them as the next cryptocurrencies to explode.
Coinbase's Backing Fuels Base Chain's Rally
Coinbase's investment in the Base chain has provided the network with the necessary momentum to sustain its growing rally. The social media buzz surrounding the chain has surged significantly, attracting traders, influencers, and investors eager to capitalize on the opportunity.
Next Cryptocurrency to Explode: AERO's Base Chain Dominance
Aerodrome Finance (AERO) is rapidly emerging as the Base Chain's preferred token. Since Coinbase's stake announcement in late February, the project's price has skyrocketed by over 900%. In the past 24 hours alone, AERO's price has surged by more than 30%, accompanied by a 300% increase in trading volume. This growing visibility provides AERO with a strong hedge against market volatility.
Moreover, the increasing popularity of the Base chain has played a significant role in driving up AERO's value. As the hype surrounding the Base chain continues, it is likely to further influence the token's performance. AERO is well-positioned to maintain its place among the top crypto gainers.
SPONGE V2: A Meme Coin on the Rise
SPONGE has experienced a period of consolidation over the past five days, with its price fluctuating between a 5% gain and loss. This sideways trend is largely attributed to the uncertainties in the broader crypto market. However, SPONGE is not the only asset in the memecoin category to exhibit similar price action.
As the new week unfolds, there are signs of an impending uptrend in the crypto market, and many meme cryptos are already on an upward trajectory. SPONGE's chart reveals a momentary spike in price, accompanied by a surge in trading volume. This suggests that the market is reaching a decision point.
As the crypto market regains its bullish momentum, SPONGE is expected to settle on a definitive direction. Bullish indicators suggest that investors are accumulating the token at a discounted price. It may not be long before the trend shifts in favor of the bulls.
Fantom's Sonic Upgrade: A Catalyst for Growth
Fantom (FTM) has taken steps to mitigate the impact of the 2023 Multichain Foundation exploit on its holders. These efforts are now paying off, as evidenced by the recent price action of the FTM token. Breaking above the $0.91 resistance level, FTM has surged to over $1.1, resulting in a 169% gain over the past 30 days.
FTM is poised to continue its meteoric rise in the coming quarter, driven by its upcoming Sonic mainnet launch. Many believe that this launch will propel the token's price to the $2 range. According to an update on its official Twitter handle, the Sonic mainnet launch is expected in late March or early April. Investors should keep a close eye on FTM's price action, as it has the potential to become the next cryptocurrency to explode.
Dogecoin's Coinbase Listing and Doge Day
The price of Dogecoin (DOGE) has surged by over 41% since the announcement of its inclusion as a payment option on Tesla vehicles. This has propelled DOGE to the eighth position in terms of market capitalization.
The gains for DOGE are far from over, with the token printing a 5% price increase in the early hours of today. This rally is attributed to the impending launch of DOGE futures on Coinbase International on April 1. The arrival of these futures is expected to trigger a significant rally for the token.
In addition to the Coinbase futures listing, April 20th marks another critical date on the Dogecoin calendar. Known as "Doge Day," this event serves as a reminder of the fun and lighthearted nature of the memecoin sector. Investors should consider adding DOGE to their watchlists in the second quarter, as its upcoming events position it for explosive growth.
The Doge Day event is expected to generate a renewed wave of interest in the asset, as memecoins tend to respond positively to such events. Early investors have the potential to reap significant returns on their investment.
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