Simple Steps to Start Your Base Meme Coin Adventure
For those of us who aren’t the most degens, DeFi ninjas, or gurus, here’s a simple and basic play to take advantage of meme currency in Base.
A Beginner’s Guide to Base and Meme Coins
1. Downloading the Coinbase Wallet:
First things first, you’ll need a decentralized wallet to store your crypto. Coinbase Wallet is a great option, especially if you’re new to the game.
2. Sending Ethereum to Base:
Next, you’ll need to fund your wallet with Ethereum (ETH), the fuel for transactions on the Base network. Buy some ETH on an exchange like Binance, but be sure to choose the Base network option when transferring it to your Coinbase Wallet. Base transactions are currently super cheap, at around 30 cents!
3. Picking Your Meme Coin Play:
Now for the fun part: choosing your meme coin! Based Brett ($BRETT) is currently the top dog on Base, with some analysts predicting a meteoric rise to a $1 billion market cap (that’s a lot of zeros!).
Why Based Brett ($BRETT)?
The Base thesis: analyst consensus marks that Base has the potential to grow exponentially because of the ability to incorporate millions of users from the main market, the United States.
The thesis of meme currencies: initially, meme currencies were received in the crypto world almost as a joke, purely speculative junk money, as a pure “trade”, where whoever comes out last will assume all the losses.
Then a look has evolved where the smaller retail investor is understood in another way and with more value and it is understood that meme coins are the simplest way to understand and relate to crypto today.
It can also be understood as a sort of social participation lottery without counting on how much fun it is to buy and sell memes and hope they go up, as long as one doesn’t have all their capital invested in that.
Several major blockchains have at least one major meme currency, and this lends strength to the position Brett finds itself in as a major meme currency on Base, which is relatively new as a blockchain and has a lot of room to grow by incorporating coinbase users.
Based Brett’s thesis: It can be seen that every major blockchain has at least one major memecoin, which hogs the most growth for memecoins on that chain, giving $BRETT a very good growth outlook from its current price.
So things Based Brett ($BRETT) is the number one meme coin on Base, on the verge of reaching $1 billion in market cap. Almost all of the coins that reach that capitalization do not go back down again, which gives this play solidity.
Disclaimer: This article does not constitute financial advice. Always conduct your research and consult with a professional before making investment decisions.