Base protocol's token, which is not related to Coinbase's layer 2, is pegged to the total market cap of all cryptocurrencies at a ratio of 1:1 trillion. By shauryamalwa.
Expect crypto punters to jump on anything with a distant relation to a trending topic to turn profits – as illogical as that may be to a seasoned equity investor.
Base, which has a tiny $1 million market capitalization as per CoinMarketCap, spiked from $1.9 in European hours on Thursday to over $6.8 after Coinbase’s Base was announced – a gain of as much as 250% for early participants.Prices gradually corrected amid heavy profit taking, with base dropping overnight to trade just over $2 in Asian morning hours on Friday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Coinbase unveils its Ethereum Layer 2 network that won't have a tokenThe Base network is designed to be a low cost, open source, developer sandbox for decentralized applications, said Coinbase.
Lire la suite »
Coinbase Launch ETH Layer-2 Network Based on Optimism, OP Token Pumps 6%The testnet of Base was started by Coinbase on February 23rd.
Lire la suite »
Coinbase's New Layer 2 Blockchain, Base, Has Rocky RolloutThe much-anticipated protocol struggled to process user transactions, then became the target of some Twitter shade for changing some terms of a contribution pledge on the fly.
Lire la suite »
Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base – Bitcoin NewsThe cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network.
Lire la suite »