BALD Coin Hits $70M Market Cap In 24 Hrs
New coin ‘BALD’ launched this weekend on Coinbase’s new chain, Base – and exploded to as high as a $70 million market cap in less than 24 hours, on LeetSwap decentralized exchange.
Since its July 29 listing at 21:00 UTC, $BALD token rose over 4 million percent, before a correction.
What is BALD Coin?
Not yet having a website or CoinMarketCap description, information on BALD coin is hard to come by – other than it being described as a meme coin and a reference to Coinbase CEO Brian Armstrong’s bald head.
Rumors of connections to Coinbase insiders are also already rife, with some traders even speculating the $BALD deployer is Brian Armstrong himself.
$BALD token has an enormous amount of liquidity, currently $30 million.
Now one of the most talked about new coins on crypto Twitter, some wallet addresses have been tracked investing as little as 0.5 ETH in $BALD and profiting upwards of $1 million.
View the latest BALD price chart on DEXScreener.
What is The Base Blockchain?
Read Coinbase’s introduction to the Base network here, its ‘secure, low-cost, developer-friendly Ethereum Layer 2 network’.
The Base network’s official Twitter handle is @BuildonBase.
The Base chain is set to launch fully in August, and currently is a one-way bridge – meaning holders of $BALD and other $BASE coins can’t yet cash out their funds.
Next Cryptocurrency to Explode
Some veteran crypto Twitter accounts have recommended not to buy BALD token at its current market cap, including @TheFlowHorse (formerly Cantering Clark) and @MacroCRG.
Other new Base chain coins – or those rumored to have Base devs – that have been tipped as the next cryptos to explode include $BRIAN, $HAIRY and $OPTISM.
An ERC-20 token, HAIRY coin was listed on Uniswap at 14:00 UTC on July 30 and is currently up over 1,000% since its launch.
View the HAIRY price chart on DEXTools.
We’ve reviewed many new cryptocurrency projects here at CryptoNews, that may have more upside potential than $BALD, given its explosive move and already high market cap.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
