Base Chain's Rebirth: Toshi and Normie Meme Coins Set for an Explosion

Ahead of On-chain Summer, Coinbase's Layer-2 blockchain, Base, has experienced a slowdown, leading to a discount on popular BASE meme coins, Toshi and Normie. Despite the recent dip, Base remains poised for a resurgence with developer grants, Coinbase Smart Wallet integration, and the potential for meme coin listings. As a result, Toshi and Normie present attractive opportunities for traders ahead of On-chain Summer.

Base Chain's Resurgence: Meme Coins Toshi and Normie Poised for Explosion

Amidst the anticipation of "Onchain Summer," Coinbase's layer-2 scaling blockchain, Base Chain, has recently encountered a temporary slowdown. However, this momentary lapse should not overshadow the significant potential that lies within this innovative platform and its vibrant ecosystem.

Volume Decline and Competition

Base Chain has experienced a decline in transaction volume since the initial surge in March, when it consistently processed over $500 million daily. Since the beginning of May, Base has recorded a 7-day total volume of $2.1 billion, averaging $300 million daily. Comparatively, Solana has maintained over $1 billion daily in volume over the past week, amassing a total of $8 billion.

Incoming Revival: "Onchain Summer"

Despite the volume decline, Base Chain remains a formidable player in the decentralized finance (DeFi) landscape. Backed by the financial and technological prowess of Coinbase, Base is preparing to ignite "Onchain Summer." This highly anticipated initiative will see Base and its partners invest over $2 million in ETH in grants, prizes, and gas credits to attract builders, creators, and innovators to the platform.

The upcoming release of Coinbase Smart Wallet will further bolster Base's prospects by enabling Coinbase users to interact with Base directly from the Coinbase interface. This seamless integration is expected to significantly drive volume and user engagement on the platform.

Meme Coin Opportunity: Toshi and Normie

In the volatile crypto market, meme coins have often witnessed dramatic surges in value. As attention returns to Base, two meme coins, Toshi and Normie, are positioned for potential explosive gains.

Toshi, named after Coinbase CEO Brian Armstrong's cat, is a beloved OG meme coin within the Base community. Its vibrant community of over 170,000 holders and growing social media presence make it a highly compelling investment opportunity. Toshi has the potential to receive a Coinbase listing, further fueling its growth.

Normie, launched in March, has enjoyed remarkable success in a short period. It has amassed over 60,000 holders and 19,000 followers on social media, primarily due to its engaging and humorous content. Normie's community-driven approach and support from Coinbase's Jesse Pollak indicate its long-term growth potential.

Strategic Entry Point

With Base Chain poised to stage a comeback, the current slowdown in trading volumes presents an advantageous entry point for meme coin investors. The fire sale prices of prominent projects offer an opportunity for savvy traders to position themselves for the anticipated bull run.

Conclusion

Base Chain's revival, coupled with the impending "Onchain Summer," creates a fertile environment for meme coin growth. Toshi and Normie, with their strong communities and promising prospects, are well-positioned to capitalize on the upcoming surge in activity and user adoption. Investors should monitor these coins closely as the market sentiment shifts towards Base Chain and its vibrant ecosystem.