In order to hit the biggest winners in crypto you have to be early which means exploring chains and protocols that have maybe not yet gotten the respect they deserve. In this case we have a new and emerging layer two blockchain ripe for mass adoption of both retail and institutions. I am talking about BASE Chain. Base chain is a blockchain built by Coinbase . It was launched in the late summer of last year and started with a bang. Since then things have remained relatively quiet, until now.
Just over the last few days we have seen signs of life after months in the dark. This is the moment we have been waiting for to get involved. I wrote on twitter months ago that Base would be the dark horse of this cycle. So far the opportunities have been lackluster and you risked being too early to the game and missing out on valuable opportunity costs elsewhere.
I believe now is time to give it some attention. Just last week Coinbase announced that Aerodrome is now on their watchlist for a listing. At only 15mmc AERO immediately shot up on the news and ignited interest. Next, we saw Warpcast, an X like app built by Farcaster blow up over the last two weeks. The first token on the platform to tip creators is $DEGEN. DEGEN is listed on Base chain and has quickly become the biggest token on Base, meaning Farcaster has brought a lot of attention to the chain through their platform and connections.
Coinbase has millions of active users. They have pioneered the industry for over 10 years. They have arguably been the single biggest reason for crypto adoption and now they are stepping up their game for this cycle.
I imagine they will funnel their millions of users onto base chain with a seamless in app experience. Not only will they make sure people get onto base chain but they will push protocols that will bring about crypto adoption. That means things that the masses can understand easily and participate in. Things like gaming and NFTS.
It will be seen as a safe haven for both institutional and retail money because it is the blockchain of a public company. The best part about it is that it’s very early in the game. Because of that there aren’t many projects to choose from so money only has a few places to go. Now I’m sure that plenty of new tokens will pop up overtime but being a first mover typically creates a moat that can be hard to break. It’s even tougher when that moat is backed by Coinbase themselves.
One of the most important things to consider in crypto at this stage is who will be buying this token from me and why? You want to invest in project that will appeal to the masses because thats who you will be selling to at the top of the cycle. Today we have an addition to our 100x watchlist that ticks every box you would want for the perfect retail driven coin.