Base Protocol (BASE) altcoin Today, it has risen rapidly, reaching approximately $7.50 around 19:30 Turkish time after months of price stagnation under $1.
This rise may have resulted from a misunderstanding.
Earlier today, exchange giant Coinbase announced the launch of Base, a Layer 2 blockchain network built using Optimism’s OP Stack.
Despite the network’s launch saying “we have no plans to issue a network token”, speculators have started buying BASE, a token not directly affiliated with Coinbase. With this Optimism (OP) There was also activity in the token price after the news.
Within a few hours, BASE’s price rose nearly sixfold, although it fell later on. The price of the coin, which exceeds 7 dollars, is trading around 4 dollars at the time of this writing.
We announced the rise on our Twitter account in the first minutes:
After Coinbase announced BASE, the project named Base Protocol, which is similar in name only, rose over 50%. pic.twitter.com/R2IgkYMLwB
— Bitcoin System (@bitcoinsystem) February 23, 2023
BASE, a fairly small altcoin with a market cap of only $2 million at its rise, had again seen above $7 in the previous bull cycle.
BASE is a platform designed to normally act as a stablecoin. it was cryptocurrency. Base Protocol (BASE) is a token whose price is pegged at 1:1 trillion to the combined market cap of all cryptocurrencies. According to the developers’ own statement, BASE allows investors to speculate on the entire crypto industry with a single token.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!