The world of cryptocurrency has witnessed a new phenomenon with the rapid rise of meme coins. Among them, BALD coin has emerged as a viral sensation on the Coinbase Layer 2 Blockchain. Unbelievably, its price has skyrocketed by more than 3 million percent, reaching an astounding 4 million percent at its peak. As if that wasn’t enough to capture attention, a new companion coin called HAIRY has recently joined the scene, increasing by as much as 8,000%. This unexpected surge has left many wondering what lies ahead for these eccentric digital assets.
BALD coin finds its home on the Base blockchain, an innovative platform developed by the leading US crypto exchange, Coinbase. However, it’s important to note that Base is not yet fully interoperable with the wider crypto ecosystem. This means that although BALD coin holders have experienced incredible gains on paper, they are currently unable to realize their profits by selling their holdings. Base is built on the Optimism stack, a technology that utilizes Ethereum’s security features and roll-up technology to batch transactions.
An intriguing theory surrounding the creation of HAIRY coin suggests that it may have been developed by the same team responsible for BALD. Some speculate that HAIRY was conceived as a clever strategy to bring realizable value to those who invested early in the Base trend. And it seems to be effective. The initial price action of HAIRY has shown promising returns, with the alpha group already achieving gains of 37 times their investment. As of now, HAIRY is priced at $0.45.
While the creators of BALD coin remain shrouded in mystery, some blockchain sleuths have noticed a potential association with Coinbase. This assumption is based on the fact that the deployer of the BALD token contract appears to be linked to an address that holds half of the current supply of cbETH. cbETH is Base’s version of a staked asset, similar to stETH, that enables trading of the asset’s value on secondary markets. Although the verification of both BALD and HAIRY contracts has not been detected by DEXTools, their novelty as tokens may explain this.
HAIRY’s liquidity amounting to $71k pales in comparison to BALD’s staggering $36 million. Additionally, HAIRY boasts a market cap of $328k, positioning it as an ultra-low cap token with significant potential for a greater price explosion. The price of HAIRY has already reached heights of $0.0006471, yielding a remarkable return of over 8,000%. On the other hand, BALD has experienced a trading volume of $91 million in the past 24 hours, with a current price of $0.0676. However, its one-way bridge restricts holders from selling their BALD tokens at this time.
In contrast to BALD’s association with the Base blockchain, HAIRY operates as an ERC20 token on the well-established Ethereum blockchain. The developers behind HAIRY seem to be taking a slow and steady approach to its development. With a low DEXTscore of 1/99, HAIRY lacks links to web and social properties, as well as a token description. Despite these drawbacks, buyers are eagerly driving up the price of HAIRY. This might be attributed to behind-the-scenes efforts with alpha groups and influencers to garner attention for the coin.
For those seeking a highly speculative and fast-paced investment opportunity in the crypto market, HAIRY is certainly worth considering. As BALD continues to capture attention with its impressive performance, HAIRY may prove to be a reliable companion coin with substantial potential. It might be prudent to keep HAIRY in your portfolio for the foreseeable future, should these trends persist and drive further growth.
The meme coin craze has taken an unconventional turn with the meteoric rise of BALD and the introduction of HAIRY. These coins have garnered immense attention in the crypto world, showcasing astonishing price movements and captivating investors. Although the origins of these coins remain veiled in secrecy, their potential for substantial gains and the unique dynamics of their respective blockchains make them undeniably intriguing additions to the ever-evolving landscape of cryptocurrencies.