In a world where meme coins have taken over the limelight, the BALD coin price explosion has found a unique stage on Coinbase Layer 2 Blockchain. Recently, the BALD coin’s price experienced an astronomical rise of up to 4 million percent or 40,000x, while its new partner, the HAIRY coin, saw a comparatively modest surge of 8,000%.
While the returns on the HAIRY coin have been optimistic, chatter within the crypto community suggests that HAIRY might be the brainchild of the same tactical team that manoeuvred the BALD coin. The hypothesis postulates a strategic decision aimed at enhancing the acceptance and value of the Coinbase Exchange’s blockchain, known as Base.
Key to note is Base’s barrier of full interoperability with the entire crypto system. Considering that BALD coin is built on Base Blockchain using the Optimism stack, prospective traders can’t yet experience their profits due to the absence of sell functionality on the platform. Conversely, HAIRY is an ERC20 token, operating on Ethereum’s fully established and functional blockchain, presenting a possible pathway to returns for early adopters.
One intriguing aspect to note about the BALD coin is its suspected link to Brian Armstrong Coinbase’s CEO. Little is known about the creators of BALD, although blockchain detectives have uncovered associated links to Coinbase. The speculation that BALD creators are somehow affiliated with Coinbase has led to a swell in interest and a tornado of debate within the crypto market.
However, despite the hype, the market liquidity for HAIRY lies at a rather understated $71k compared to BALD’s goliath $36 million liquidity. Yet, with a small market cap of $328k, HAIRY coin has showcased its potential for price explosion, having already peaked at a return north of 8,000%.
At present, the BALD coin trades on the LeetSwap decentralized exchange, even without a fully verified contract and purchasable only in one direction. Meanwhile, its partner HAIRY coin has been slowly and methodically increasing in price, despite lacking links to web and social properties or a token description.
Although the terrain looks favorable for these meme coins at this time, the longer-term scenario presents its own challenges. As crypto markets thrive on rapid evolution and volatility, these tokens are yet subject to unpredictable shifts. The BALD journey might inspire speculative short-term interest in HAIRY, but potential investors must tread with caution. A future where meme coins like these dominate the market might indeed exist, but presently, it is intertwined with uncertainties and challenges. Nevertheless, they offer an intriguing and entertaining insight into the current climate of the crypto world.
Source: Cryptonews
