Base Protocol (BASE) Price Jumps 51% Out of Nowhere – How is Different From Coinbase’s Base?
Base Protocol, often abbreviated as BASE, is an innovative cryptocurrency token whose value is pegged to the total market capitalization of all cryptocurrencies at a ratio of 1:1 trillion. This unique mechanism allows traders and investors to speculate on the entire cryptocurrency industry using just one token. In essence, it offers a holistic view of the crypto market’s performance.
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As of recent data, the price of Base Protocol (BASE) stands at approximately $2.28, witnessing a significant surge of 51.07% in the last 24 hours. The current market cap of BASE is roughly $1,094,821, placing it at rank #1283 on CoinMarketCap.
Source: CoinStats – Start using it today
The Coinbase Confusion
There has been some chatter in the crypto community, leading to a misconception that Base Protocol might be the new platform by Coinbase. However, it’s crucial to clarify that Base Protocol and Coinbase are entirely distinct entities. Coinbase, a renowned cryptocurrency exchange, has no direct affiliation with Base Protocol. There has also been a 4000%+ rise in the trading volume in the last 24 hours.
Source: Santiment – Start using it today
Base Protocol offers a unique proposition in the crypto space, allowing users to speculate on the entire industry’s performance. Its recent price surge indicates growing interest and confidence among investors. However, as with all investments, potential traders should conduct thorough research and exercise caution.
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