The price of BALD coin has skyrocketed, making it the first meme coin on the Coinbase Layer 2 Blockchain to gain viral status, and it has now been joined by HAIRY coin.
The value of BALD coin has surged by over 3 million percent, with a notable spike today of 4 million percent, or a 40,000-fold increase.
On the other hand, HAIRY coin has seen an increase of up to 8,000%, and it appears there’s still a lot more growth to come.
Base, the predominant US crypto exchange’s proprietary blockchain, is not yet fully interoperable with the rest of the crypto ecosystem. This implies that BALD coin investors are currently unable to realize their gains by selling.
Base is constructed using the Optimism framework, which employs roll-up technology to batch transactions on Ethereum, taking advantage of its security features.
Despite this, the return on investment for BALD, at least on paper, has been noteworthy for many:
There was a frenzy on projects on @BuildOnBase in the recent hours #BuildonBase
One crypto enthusiast even managed to realize almost 1000x ROI in profits on $BALD
Remember, it’s not too late, more opportunities will surface on #BASE
Hereโs a ๐ฐ๐ผ๐บ๐ฝ๐ฟ๐ฒ๐ต๐ฒ๐ป๐๐ถ๐๐ฒ ๐น๐ถ๐๐ ๐ผ๐ณ ๐ฎ๐น๐ฟ๐ฒ๐ฎ๐ฑ๐ ๐น๐ฎ๐๐ป๐ฐ๐ต๐ฒ๐ฑ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐ & memes gaining traction on Base to guide youโฆ
โ B.O.G (๐,๐งก) (@o_ponle) July 30, 2023
Could HAIRY price explosion match the 40,000x gain of BALD?
This approach seems to be yielding results. Early price movements for HAIRY show promising returns, as demonstrated by the 37x gains reported by this alpha group:
#PRIVATE #LOUNGE #ALPHA
The private chat has been cleared up, all invitation links have been invalidated, and no new members will be added in the upcoming days..
We recently achieved a 37-fold return on $HAIRY, turning 8k into 300k
Let’s go, Ndrangheta chads! pic.twitter.com/dRm6QZ7Omw
โ ndrangheta.eth (@NdranghetaETH) July 30, 2023
At the time of reporting, HAIRY is trading at $000.45.
The coin BALD is speculated to be named as a tribute to Coinbase CEO Brian Armstrong, who is bald.
While details about the creators of BALD remain scanty, blockchain detectives have observed that its creators appear to have ties with Coinbase.
This hypothesis is drawn from the fact that the address linked with the deployment of the BALD token contract is associated with nearly half of the current supply of cbETH.
cbETH is the Base version of a staked asset, similar to stETH, and it allows the value locked in the staked asset to be traded on secondary markets.
It’s highly likely that the BALD deployer is somehow connected to Coinbase, considering they held 49% of the cbETH supply. pic.twitter.com/QivTYzkMui
โ Kuro (@KuroXLB) July 30, 2023
As per DEXTools data, the verification of the BALD contract has not been identified yet, but the coin does hold a DEXTscore of 65/99.
Similarly, verification of the HAIRY contract hasn’t been spotted on DEXTools either. In both instances, this could likely be attributed to the novelty of the coins.
Though DEXTools reports a lack of detected liquidity lock, etherscan data confirms that the liquidity is indeed locked:
https://etherscan.io/tx/0x9487041c2b26643b826080029bef75ab47eaa51b06042fc3e9aaee1319e0e407
Total liquidity in HAIRY stands modest at $71k, as opposed to the massive $36 million for BALD.
However, with a market cap of just $328k, HAIRY qualifies as an ultra-low cap token and has a broad path for a potential further surge in price.
Liquidity locked on HAIRY as price jumps as much as 8,000%
HAIRY has so far reached a high of $0.0006471, yielding a return of over 8,000%.
The past 24 hours have seen trading volume for BALD peak at $91 million. Although the coin has retreated from its daily high of $0.087, early investors are still enjoying substantial profits.
BALD is currently trading at $0.0676 on the LeetSwap decentralized exchange. However, it can only be purchased, not sold, at this moment due to its one-way bridge.
In contrast, HAIRY is an ERC20 token, implying that it operates on the fully developed and operational Ethereum blockchain.
BALD methodical devs may be sending HAIRY to the moon
If the creators of HAIRY are indeed linked to BALD, it appears they’re employing a more gradual, slow-burn strategy.
Currently, HAIRY possesses a very low DEXTscore of 1/99, primarily due to the lack of provided links to web and social properties. The token also lacks a description.
However, none of these factors are deterring buyers from continuously driving up the price of HAIRY.
There’s a possibility that the developers are systematically collaborating behind the scenes with alpha groups and influencers to raise the coin’s profile.
If you’re in search of a high-risk, immediate reward opportunity in the cryptocurrency market, HAIRY is certainly worth considering.
And should BALD continue its successful trajectory, with HAIRY proving to be a reliable sidekick, the latter might be a coin worth maintaining in your portfolio for the foreseeable future.
