Recently, the markets have been abuzz with anticipation as they brace for a colossal event – the imminent Coinbase listing of BASE. The decision to list BASE, an Ethereum layer-2 blockchain developed within the folds of Coinbase, has caused a frenzy in market circles. Traders are increasingly emboldened by the fact that BASE is built leveraging Optimism-based technology, which aligns with the Operehereum layer-2 scaling solution, Optimism (OP).
This frenzy suggests significant rallies for OP in the upcoming week leading to the BASE trading debut on Coinbase, slated for August 9. Backed by growing hype in the crypto community, OP is currently trading high at a price of $1.71. While it has previously encountered resistance at the $1.75 price tag, OP has clocked an impressive run this Summer with a surge of 65% in value since the start of June.
Despite the promise of this rally, the OP price structure may potentially be due a consolidation or retracement period. OP’s Risk Strength Index (RSI), currently standing at an overbought signal of 67.81, suggests bearish divergence. Nevertheless, OP’s Moving Average Convergence Divergence (MACD) remains bullish.
In other news, a newcomer is barking for attention in the crypto space – meet Shibie, an intriguing crossbreed of Hollywood sensation Barbie and the viral Shiba Inu. This disruptive token is already capturing attention, with its presale raising almost $100,000. There’s no time to delay if you want to get in on the action; with tokens priced at just $0.000167, Shibie might sell out in no time.
What sets Shibie apart is its unique fusion of Shiba Inu and Barbie, creating a playful and glamorous union in a single token. This unique blend of whimsy and glamour is causing heads to turn and boundaries to be broken. With the Shibie team dedicating 20% of the Shibie token supply to Decentralized Exchange (DEX) liquidity and 10% to Centralized Exchange (CEX) liquidity, Shibie is making notable strides for its future progress in the crypto meme coin market.
These developments present a compelling snapshot of the ongoing trends and movements shaping the crypto market. While BASE’s listing on Coinbase represents an exciting time for traders, Shibie offers an intriguing investment opportunity in the meme coin space. However, it’s worth noting that crypto is a high-risk asset class, and these insights should not be construed as investment advice. Please make informed decisions when delving into your crypto journey.
Source: Cryptonews
