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7 Best Base Chain Meme Coins to Watch in July 2024

15 mins
Fact Checked
by May Woods
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Solana-based meme coins are a hot topic in July 2024. While older meme coins, like SHIB and DOGE, initially led the bullish charge, many new tokens have exploded onto the scene, most based on the Solana network. But Solana isn’t the only chain basking in the meme coin sun. Activity on Coinbase’s layer-2 solution, Base, is also gathering steam. Let’s explore the seven best Base meme coins poised for significant growth and platforms where you can buy, store, and trade these speculative assets.

Methodology

The 7 best Base Chain meme coins in July 2024

1. Brett ($BRETT)

Price: *$0.1371
Price: *$0.1371
Where to buy
Gate.io
Where to store
Bitget
Where to trade
BitMart

2. Toshi ($TOSHI)

Price: *$0.0003221
Price: *$0.0003221
Where to buy
Coinbase
Where to store
Coinbase
Where to trade
Gate.io

3. Degen ($DEGEN)

Price: *$0.01159
Price: *$0.01159
Where to buy
Coinbase
Where to store
Coinbase Wallet
Where to trade
Bitget

4. doginme (DOGINME)

Price: *$0.000212
Price: *$0.000212
Where to buy
Gate.io
Where to store
Coinbase Wallet
Where to trade
BitMart

5. Mochi (MOCHI)

Price: *$0.00002139
Price: *$0.00002139
Where to buy
CoinEx
Where to store
Coinbase Wallet
Where to trade
MEXC

6. Briun Armstrung (BRIUN)

Price: *$0.002535
Price: *$0.002535
Where to buy
Uniswap V3 (Base)
Where to store
Coinbase Wallet
Where to trade
Poloniex

7. Base God (TYBG)

Price: *$0.0001247
Price: *$0.0001247
Where to buy
Uniswap VR (Base)
Where to store
Coinbase Wallet
Where to trade
Bitget

*The Base Chain meme coins prices were sourced from CoinMarketCap and reflect data as of June 17, 2024.

TokenPriceWhere to buyWhere to storeWhere to trade
Brett (BRETT)$0.1371Gate.ioBitgetBitmart
Toshi (TOSHI)$0.0003316CoinbaseCoinbaseGate.io
Degen (DEGEN)$0.03145CoinbaseCoinbase WalletBitget
doginme (DOGINME)$0.0002759Gate.ioCoinbase WalletBitmart
Mochi (MOCHI)$0.00002231CoinExCoinbase WalletMEXC
Briun Armstrung (BRIUN)$0.002591Uniswap V3 (Base)Coinbase WalletPoloniex
Base God (TYBG)$0.0001291Uniswap V3 (Base)Coinbase WalletBitget

How we chose the top Base Chain meme coins

This list comprises a number of Base Chain meme coins that have seen substantial gains in early 2024. The meme coins were selected using a combination of criteria, including market capitalization, trading volume, and the age of token listing. Note that timing your entry to the market when investing in meme coins is particularly important. This asset class can often be the victim of pump-and-dump scams and is particularly vulnerable to other crypto scams.

What is the Base Chain network?

Base is a layer-2 solution on the Ethereum network that makes it easier and more affordable for developers to work on-chain. This makes it cheaper and more feasible to create and trade altcoins on Base. The L2 is powered by Optimism and uses the open-source OP Stack for its infrastructure. Users can access DApps within the Coinbase ecosystem, which, with Base, constitutes a centralized exchange, wallet service, and L2.

Crucially, Base Chain is incubated within Coinbase, although there are plans to decentralize progressively in the years ahead. While no native token is on the agenda in 2024, the platform hosts $1.8 billion worth of assets as of June 17, 2024.

Base Chain TVL growth: DeFi Llama

Why is Base Chain seeing high meme coin activity?

Base was launched in the summer of 2023 and was intended to serve as a way for users to access decentralized finance (DeFi) applications through the Brian Armstrong-led Coinbase. Despite a slow start on launch, the Base Chain has become a major meme coin hotspot. By offering an open-source development solution, almost anyone is able to release a meme token and access a $500 million volume supported by the innovative layer-2. Note that this also represents one of the risks of the space, with many inexperienced developers releasing tokens that may have errors or vulnerabilities in the smart contract.

Base also benefited directly from the Ethereum Dencun upgrade, which went live on March 13, 2024. The upgrade, which slashed fees on layer-2 chains by 10x, flipped some of the frenzy from tokens on Solana or Binance meme coins to Base Chain. 

Here are some key elements of Base:

  • Built on Ethereum’s foundation: Base is built as an Ethereum layer-2, anchored in the strength and scalability critical for supporting decentralized applications. The result is a seamless transition for users coming from Coinbase, Ethereum layer-1, or other compatible blockchains.
  • Coinbase connection: Base streamlines the process of building decentralized applications by providing access to Coinbase’s extensive network of products, users, and tools.
  • Innovative and affordable: Base maintains compatibility with the Ethereum Virtual Machine at significantly lower costs, focusing on enhancing the developer experience. It introduces zero-cost transactions and supports the development of multi-chain applications with straightforward APIs for account abstraction and user-friendly bridges for cross-chain functionality.

How are Base Chain meme coins different from traditional cryptocurrencies?

memecoin investing risk

Understanding the differences between base meme coins and traditional cryptocurrencies is important for making smart investment choices. Here are the key points:

  • Underlying tech: Base Chain meme coins often use specific blockchain networks, such as the Base Chain, which offer unique features compared to traditional cryptocurrencies.
  • Coins vs. Tokens: Traditional cryptocurrencies typically have blockchains, making them coins, while meme coins are often tokens built on existing networks.
  • Purpose and utility: Traditional cryptocurrencies like Bitcoin and Ethereum are considered the best crypto to buy for long-term value and utility, whereas social media trends and community engagement usually drive meme coins.
  • Market volatility: Meme coins are more volatile due to their reliance on hype and community sentiment, unlike the relatively stable nature of established cryptocurrencies.

Risks of investing in meme coins 

Whether you’re considering meme coins on the Base Chain or top Solana meme coins, the challenges remain the same. Meme coins do not offer tangible use cases or contribute real-world value and are solely speculative assets. Granted, this is part of the appeal for many traders and others in the crypto community, with many projects proudly declaring a lack of roadmap or demonstrable growth plans to wide acclaim.

The result, though, is that prices are subject to large fluctuations, driven by abundant availability and internet culture trends, as well as wider crypto market and economic forces. For example, meme tokens like PEPE fluctuate wildly in terms of price within a day. This risk is also associated with the top Base Chain meme coins.

Base Chain meme coins: High reward and high risk

Base Chain meme coins are trending in July 2024. This humor-led asset class has serious profit potential but also carries substantial risk. While these speculative assets foster community and inclusivity in web3, they also present opportunities for scammers. As such, ensure you employ a comprehensive DYOR and an exit strategy if purchasing or trading Base Chain meme coins. Finally, you can navigate this exciting market and make informed decisions with careful research and planning.

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Ryan Glenn
Ryan Glenn is a journalist, writer, and author. Ryan is motivated to educate as many people as possible on the benefits of web3 and cryptocurrency. He has authored “The Best Book for Learning Cryptocurrency,” and runs an educational platform, web3school.us, dedicated to demystifying the crypto space. Ryan built the platform to transition tech-savvy and non-tech individuals into crypto and give everyone a baseline understanding of the different fields in the cryptosphere. Ryan is also an...
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