The meme coin market is buzzing, with traders constantly seeking promising new projects that might yield significant returns.

One such project catching traders’ attention is Bald ($BALD), a meme coin that’s making waves on Coinbase’s Base chain.

However, while $BALD’s returns are undoubtedly remarkable, another enticing opportunity is arising in the form of Hairy ($HAIRY) – which many believe could mirror (or exceed) $BALD’s early gains.

$BALD has been one of the standout performers in the world of meme coins over the past few days, showcasing meteoric price growth that highlights the excitement around the token.

According to data from DEXScreener, the $BALD price saw an incredible 40,000x increase on the day of its LeetSwap listing, even though it has since pulled back by 36% from yesterday’s high.

Currently, the token has a market cap of $53.9 million and an impressive trading volume of $104.9 million in the past 24 hours alone.

One of the key reasons for $BALD’s bull run is that the token has been launched on the Base chain – crypto exchange Coinbase’s own Layer 2 network.

Base is built on top of the Optimism network, which is also a scaling solution, and uses a powerful technology called optimistic rollups to boost its scalability.

The fundamental value proposition for the Base network is that it aims to provide faster transaction speeds, lower fees, and greater scalability relative to Layer 1 blockchains like Ethereum.

Coinbase’s Base mainnet was only launched on July 13 for builders, with the public launch planned for sometime in August.

Thus, $BALD is one of the first meme coins to gain significant traction on this new platform, despite not having an official website or clear use cases.

As such, $BALD’s price is being driven by the intrigue surrounding the new Base chain and rumors that the token’s creators are actually Coinbase insiders – although these rumors remain unverified.

However, while the spotlight currently shines on $BALD, another new meme coin is beginning to gain momentum.

The Hairy ($HAIRY) coin has begun to climb the ranks within the meme coin space, promising substantial returns opportunities for early investors.

$HAIRY made its Uniswap debut on July 30 and promptly soared 9,900% in just eleven hours.

According to data from DEXTools, over $620,000 worth of $HAIRY has exchanged hands since it launched, with 241 unique wallet addresses now holding the token.

$HAIRY boasts a market cap of $382,000 at the time of writing, highlighting the impressive growth trajectory of the coin.

However, what makes $HAIRY particularly interesting is its potential connection to the $BALD token developers.

Although nothing has been confirmed, there is speculation that $BALD’s creators may have also created $HAIRY – adding to the hype and excitement around the latter token.

If this turns out to be true, it could suggest significant potential for $HAIRY, considering the returns already achieved by $BALD.

Another factor playing into the excitement around $HAIRY is its flexibility compared to $BALD.

Due to the current one-way bridge of the Base network, holders of $BALD cannot sell their tokens – meaning no one is able to realize their gains at present.

However, since $HAIRY is an ERC-20 token, buying and selling transactions can be carried out without the constraints faced by $BALD holders.

This makes $HAIRY an attractive alternative for those looking to capitalize on the ongoing hype around $BALD while maintaining the ability to actively manage their investment.

Thanks to the token’s impressive launch, the official Hairy token Twitter account is already seeing growth in its follower count.

Moreover, crypto analyst Jacob Bury posted a tweet about $HAIRY, speculating that it might match the gains of $BALD.

With this combination of market intrigue, speculative potential, and trading flexibility, $HAIRY is rapidly positioning itself as a meme coin to watch closely in the days ahead.

The post BALD Price Pumping on Base Chain as Traders Hunt Low Market Cap New Cryptocurrency Projects appeared first on BeInCrypto.

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