Base: Gateway to a Profitable Crypto Bonanza in 2024

BASE, a network developed by Coinbase, has attracted many developers to build on it. Several cryptocurrencies launched on BASE have experienced notable price increases. Despite recent market volatility, BASE is showing signs of recovery. Notably, Chainlink Functions, a serverless platform connecting smart contracts to external data, has recently launched on Base. Keep an eye on these promising BASE cryptocurrencies for potential growth in 2024: Dogeverse (DOV), a multichain meme coin; Degen (DEGEN), linked to the popular social network Farcaster; Brett (BRETT), a meme coin with a growing following; Virtual Protocol (VPT), enabling AI character creation and monetization in the metaverse; and Moonwell (WELL), a lending and borrowing protocol on Base.

Base: A Gateway to Profitable Crypto Investments in 2024

Prepare to witness the rise of Base, a blockchain network developed by Coinbase, that has sparked a surge in development activity. Its launch has ignited a chain reaction, attracting numerous cryptocurrency projects, and propelling the value of certain native tokens to unprecedented heights.

Despite recent market fluctuations stemming from geopolitical tensions, a strong recovery is currently underway, indicating renewed investor confidence. Among the recent developments, Chainlink, renowned for providing smart contracts with access to external data, has recently launched Chainlink Functions on Base.

This serverless platform empowers developers to effortlessly connect their smart contracts to any Application Programming Interface (API). Its decentralized architecture eliminates the need for traditional servers, akin to Amazon Web Services (AWS) Lambda, ensuring enhanced reliability and security.

Top Base Cryptocurrencies to Watch in 2024

As the Base ecosystem continues to flourish, several cryptocurrencies have emerged as promising investment opportunities. Here are five notable projects to keep on your radar for 2024:

1. Dogeverse: Uniting the Dogecoin Community Across Multiple Chains

Dogeverse, a budding meme coin, is set to unite the Dogecoin community across various blockchains through its upcoming presale, which has already garnered $1.7 million. Upon launch, $DOGEVERSE will be accessible on Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, and Base.

This multi-chain approach safeguards against potential outages or congestion on any single blockchain, allowing users to seamlessly bridge their tokens across different networks. The project envisions a "unified cryptoverse," bringing together meme coin enthusiasts from various ecosystems.

2. Degen: The Unofficial Coin of Farcaster Riding a Bullish Wave

$DEGEN, the native token of Farcaster, a decentralized social network, has soared in popularity alongside the rise of Base. With over 100,000 downloads on Google Play, Farcaster has gained widespread adoption, propelling Degen to significant growth.

Initially conceived as a meme coin, Degen has evolved into a pillar of Farcaster's ecosystem. Users earn Degen points for engaging with the platform, including gaining followers, likes, and posting.

3. Brett: Pepe's Best Friend on Base

Brett, a meme coin on Base, has quickly gained traction, attracting over 70,000 holders. Dubbed as the best friend of Pepe, a well-known meme coin on Ethereum, Brett has established itself among the top meme coins on Base.

With over 85% of its supply in circulation, Brett presents an attractive investment opportunity. Coinbase's recent announcement of adding new wallet options for Base, including smart and embedded wallets, is expected to further boost Brett's popularity and potential growth.

4. Virtual Protocol: Creating and Monetizing AI Characters in the Metaverse

Virtual Protocol, a protocol available on Ethereum and Base, aims to revolutionize the use of artificial intelligence (AI) in virtual realities. Its whitepaper envisions AI as a tool to "dynamically generate new worlds and scenarios with compelling storytelling," offering gamers an endless stream of content and discoveries.

AI-powered non-player characters (NPCs) promise more realistic social interactions, enhanced gameplay engagement, and fair play monitoring. The protocol's AI also supports training bots for new player onboarding.

5. Moonwell: Lending and Borrowing Protocol on Base

Moonwell, a lending and borrowing protocol on Base, enables traders to generate passive income through interest earned on loaned tokens. Safety measures are in place to mitigate the risk of unpaid loans.

The number of staked coins on Moonwell has doubled since April, reflecting growing interest in the protocol. If Base succeeds in attracting millions of users, the demand for lending and borrowing services is likely to increase, potentially benefiting Moonwell.

However, it's crucial to note that lending and borrowing are subject to regulatory oversight, and any changes in regulatory stance could impact Moonwell's operations.

All Eyes on SOL: Potential Influx into Base

As the Solana blockchain faces ongoing congestion issues, many projects poised to launch on Solana have been placed on hold. The network's struggles to validate transactions, primarily due to a surge in bot activity, have raised concerns among developers.

Solana developers are working to resolve these issues by April 15th. However, if the congestion persists, we may witness a significant influx of projects and users into Base. Optimism and Arbitrum remain strong contenders, but Base is poised to benefit from Solana's current challenges if they remain unresolved.

In conclusion, the Base ecosystem holds immense potential for growth and profitability in 2024. The carefully curated list of cryptocurrencies presented here offers a diverse range of investment opportunities, spanning from meme coins to innovative AI-based projects and lending protocols. As the Base network continues to expand and attract developers, it's essential to stay informed and seize the opportunities that come with this rapidly evolving landscape.