Top 5 Meme Coins on Base to Watch for Potential Growth in 2024

The cryptocurrency landscape has transformed from a niche market into a multi-trillion-dollar industry in less than twenty years. A notable contributor to this boom is the rise of meme coins, which combine humor and high-risk investment opportunities. The Base network, supported by Coinbase, is at the forefront of this trend. Launched less than a year ago, Base has quickly become a hub for meme coin creation, contributing to its total value locked (TVL) of $1.6 billion and climbing.

While meme coins are known for their volatility, they attract investors who enjoy high-risk ventures. Here, we’ll explore five promising meme coins on the Base chain that investors might consider for 2024. Please note: the following list is based on trading activity and popularity but does not constitute investment advice. Always assess your risk tolerance and conduct your own research before investing.

Top 5 Base Chain Meme Coins to Watch in 2024

1. Brett ($BRETT)

Brett ($BRETT) draws inspiration from the character Brett, Pepe the Frog’s friend from Matt Furie’s “Boy’s Club” comics. Known for his love of dancing and video games, Brett has a dedicated following in the meme coin community. Since its launch on February 24th, $BRETT has surged over 7,900%, reaching a trading price of $0.067. With a market cap exceeding $581 million as of April 22nd, $BRETT is currently the largest meme coin on Base. Its popularity is bolstered by a robust fan base with more than 50.3K followers on X (formerly Twitter) and over 12.4K subscribers on Telegram. The project maintains its leading position through strategic partnerships and collaborations with other Base-based projects.

2. Degen ($DEGEN)

Launched in January 2024 by developer Jacek Trociński, Degen ($DEGEN) began as a reward token for active users of the Degen channel on Farcaster. After its airdrop on January 8th, $DEGEN experienced an astronomical increase of over 144,800%, trading at $0.326 with a market cap of over $479 million. Its growth is attributed to its use as a utility token within Farcaster platforms and the dedicated layer-3 blockchain known as the Degen chain. With more than 71K followers on Farcaster and about 50K on X, Degen has a substantial and engaged community.

3. Toshi ($TOSHI)

Named after Coinbase co-founder Brian Armstrong’s pet cat and the pseudonymous Bitcoin creator Satoshi Nakamoto, Toshi ($TOSHI) launched in August 2023. The coin aims to expand blockchain adoption and has since integrated with various blockchain initiatives. Toshi’s NFT collection, NFToshis, consists of 3,000 NFTs distributed to $TOSHI holders. The project also features a community-driven decentralized autonomous organization, MEOW DAO, which allows token and NFT holders to participate in governance. Currently among the top 20 meme coins with a market cap over $186 million, Toshi has garnered significant attention with over 41K followers on X and strong engagement across other social platforms.

4. Normie ($NORMIE)

Launched in March 2024, Normie ($NORMIE) is dubbed “the people’s coin” with a focus on onboarding a million new users to the Base chain. It emphasizes community involvement and aims for a significant increase in value, offering zero transaction taxes to its holders. The project has resonated with investors, boasting more than 18K followers on X and over 2,700 subscribers on Telegram. With a market cap exceeding $60 million and a current price of $0.061, Normie is gaining traction in the meme coin space.

5. Byte ($BYTE)

Byte ($BYTE) is an AI dog-themed meme coin tied to the generative AI chatbot Grok, developed by Elon Musk’s xAI. Launched in November 2023, Byte capitalizes on the popularity of AI and dog-themed meme coins. It has a total supply of one trillion tokens and has gained attention through its association with Grok. With a market cap over $18 million, Byte has accumulated a substantial following, including over 14K followers on X. Despite its connection to Grok, the Byte team denies any formal affiliation with Musk, X, or xAI.

Conclusion

This overview highlighted five notable meme coins on the Base chain, detailing their origins, market metrics, and community engagement. Given the speculative nature of meme tokens, thorough research and consideration of your investment risk tolerance are crucial before making any decisions.