Memecoin, built on Ethereum (ETH) layer 2 scaling solution Base, is up nearly 128% in the last 24 hours after being added to Coinbase’s listing roadmap.
Degen (DEGEN) is trading at $0.009 at the time of this writing, up from about $0.004 a day ago.
Memecoin, launched on Base last January, serves as the reward token for Farcaster, a blockchain protocol for building social networks. The project aims to reward users of the Farcaster ecosystem for “publishing high-quality content” and provide the ability to bridge “the gap between online contributions and real-world value.”
Coinbase has also added Solana (SOL)-based altcoin IO to its listing roadmap, presenting a potential path for the token to be traded on America’s leading cryptocurrency exchange.
Io.net is a distributed AI computing network that gives machine learning engineers access to distributed cloud clusters at a lower cost. The purpose is to solve the problems of traditional cloud service providers, which lack capacity, causing problems such as high costs and long latency to access hardware through cloud services.
Unlike DEGEN, IO did not make any profit. The 299th-largest cryptocurrency asset by market cap is down 0.6% in the last 24 hours and down more than 17% over the past week. This token is trading at $1.75 at the time of this writing.
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