BALD Price surges with rumors of Base Devs involvement in HAIRY Coin, which has seen an 8,000% increase in just 4 hours.
BALD Price surges with rumors of Base Devs involvement in HAIRY Coin, which has seen an 8,000% increase in just 4 hours.
The Rise of Meme Coins on the Coinbase Blockchain
The blockchain industry has witnessed the meteoric rise of meme coins on the Coinbase Layer 2 Blockchain. Leading the pack is BALD coin, which has gained tremendous popularity among crypto enthusiasts. At one point, its price skyrocketed by 4 million percent or 40,000x. Alongside BALD, HAIRY coin has also experienced significant growth, with a price surge of up to 8,000%. These meme coins have captured the attention of investors, but there are unique challenges associated with them due to the limited interoperability of the Coinbase blockchain with the broader crypto ecosystem.
The Base Blockchain and Optimism
Base, the leading US crypto exchange’s proprietary blockchain, is built using the Optimism stack. Optimism utilizes roll-up technology on the Ethereum network to batch transactions and leverage its security features. However, the current lack of full interoperability with other cryptocurrencies means that investors in BALD cannot yet realize their profits by selling. While this limitation hinders immediate gains, it has not deterred the impressive return on investment for those who got in early.
The HAIRY Meme Coin’s Connection to BALD
There is speculation that the creators of BALD may also be behind the creation of the HAIRY meme coin. This potential connection is seen as a clever strategy to generate realizable value for early investors. The alpha group of HAIRY has already experienced a gain of 37x, indicating a promising trajectory. Despite its novelty, HAIRY, at the time of writing, is priced at $0.00045, presenting an opportunity for significant growth.
Unveiling the BALD Token’s Origins
BALD derives its name from Coinbase CEO Brian Armstrong, who is known for his bald appearance. Though the creators of BALD remain largely unknown, blockchain analysts have speculated that they have ties to Coinbase. This assumption is based on the association of the BALD token contract deployer’s address with half of the current supply of cbETH, the Base version of a staked asset. Notably, BALD’s DEXTools DEXTscore currently stands at 65/99, indicating a relatively high score in terms of project quality and credibility.
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HAIRY and BALD Contract Verification
Both HAIRY and BALD coin contracts have not yet been detected and verified by DEXTools. However, this can largely be attributed to the recent emergence of these coins. DEXTools further reports a lack of liquidity lock detection for both coins. Nevertheless, etherscan data confirms that the liquidity for HAIRY is indeed locked. While BALD boasts a substantial liquidity pool of $36 million, HAIRY’s liquidity stands at a modest $71,000. Despite this difference, HAIRY’s ultra-low market cap of $328,000 signals the potential for a significant price explosion.
HAIRY’s Price Surge and Liquidity Lock
HAIRY has experienced an impressive surge in price, reaching as high as $0.0006471, resulting in an 8,000% return. In contrast, BALD’s trading volume has reached $91 million in the last 24 hours, with the coin currently priced at $0.0676. However, due to its one-way bridge design, BALD can only be bought and not sold on the LeetSwap decentralized exchange. On the other hand, HAIRY, an ERC20 token operating on the established Ethereum blockchain, offers seamless trading capabilities.
Methodical Approach of the BALD Devs
If the developers behind HAIRY are indeed connected to BALD, their strategy appears to be meticulously planned. Despite HAIRY’s low DEXTscore of 1/99, with no web or social property links and lacking a token description, its price continues to rise. It is possible that the creators are working discreetly with alpha groups and influencers to increase awareness and demand for the meme coin. For those seeking high-risk speculative investments, HAIRY presents an opportunity worth considering.
As BALD continues its impressive run and HAIRY establishes itself as a reliable companion coin, adding HAIRY to your portfolio may prove to be a wise long-term investment strategy.
*Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investing in meme coins or any cryptocurrency carries inherent risks, and individuals should conduct thorough research and exercise caution before making any investment decisions.
