The crypto world has been buzzing with the recent eruption of the BALD coin price. As the first meme coin on the Coinbase Layer 2 Blockchain to go viral, BALD has experienced an astronomical increase in value. At one point, it saw an astonishing surge of 4 million percent, equivalent to 40,000 times its original price. On the other hand, its partner, HAIRY coin, has also seen remarkable growth, with an increase of up to 8,000%. These unprecedented price surges have garnered a great deal of attention and raised some interesting questions.
Base, the leading US crypto exchange’s very own blockchain, has proven to be a powerful platform. However, it is yet to be fully interoperable with the rest of the crypto ecosystem. This means that buyers of BALD are unable to realize their profits by selling the coin. Despite this temporary limitation, the success of BALD has impressed many investors. Built on the Optimism stack, which utilizes roll-up technology to batch transactions on Ethereum, Base leverages the security of the platform. Although these advancements hold promise, questions still linger about the long-term potential of BALD and HAIRY.
There is speculation that the creators of BALD may also be behind the creation of HAIRY. This cheeky move could potentially allow the Base trend to generate realizable value for those who invest early in both coins. The returns on HAIRY have already proven to be lucrative for some, with an alpha group seeing gains of 37 times the initial investment. While BALD is believed to be named in honor of Coinbase CEO Brian Armstrong, the connection to the Coinbase team remains largely unknown. The deployer of the BALD token contract, however, seems to be associated with an address that holds half of the current supply of cbETH supply.
The verification status of the BALD and HAIRY contracts has been a topic of discussion among crypto enthusiasts. According to DEXTools data, neither BALD nor HAIRY have had their contract verification detected. However, this may simply be a result of the coins’ newness rather than any inherent issue. Additionally, it is worth noting that although DEXTools states that a liquidity lock has not been detected for HAIRY, etherscan data confirms that the liquidity is indeed locked. Nonetheless, the liquidity for HAIRY is modest at $71,000, in stark contrast to the $36 million liquidity of BALD. With a market cap of just $328,000, HAIRY is considered an ultra-low cap token with significant potential for further price explosions.
Trading volume on BALD has reached an impressive $91 million in the past 24 hours. While the price has pulled back from its peak, early investors are still enjoying substantial gains. Currently priced at $0.0676, BALD can only be bought on the LeetSwap decentralized exchange, as it cannot be sold at this time due to its one-way bridge. On the other hand, HAIRY operates on the fully established and functioning Ethereum blockchain as an ERC20 token. Despite its lack of presence in web and social properties, HAIRY continues to attract buyers and experience a significant rise in price.
The development behind HAIRY, if indeed connected to BALD, appears to be taking a slow-burn approach. With a low DEXTscore of 1/99, HAIRY has yet to provide links to web and social properties, as well as a token description. Nevertheless, these factors have not deterred buyers from driving up the price of HAIRY. It is possible that the creators are methodically working behind the scenes, collaborating with alpha groups and influencers to increase awareness of the coin. As an investor seeking a speculative play in the crypto markets, HAIRY presents an attractive opportunity. Additionally, if BALD continues its extraordinary run and HAIRY proves to be a reliable companion coin, HAIRY could become a valuable addition to any investor’s portfolio.
The emergence of the BALD and HAIRY meme coins has brought a new wave of excitement to the crypto world. The unprecedented price surges and the potential of the Base blockchain have captured the attention of investors and enthusiasts alike. While the connection between BALD and HAIRY remains speculative, the early success of these coins underscores the unpredictability and fast-paced nature of the crypto market. As these coins continue to evolve, it will be intriguing to witness their future prospects and the impact they may have on the broader crypto ecosystem.