The Base Protocol is the world’s first and only tokenized cryptocurrency market tracker. By holding BASE tokens, users can get exposure to the performance of the entire cryptocurrency market. Unlike the index trackers currently operating in the traditional markets, there is no entry or exit fee or brokerage charges.

Today $Base trades with the lowest price of $0.357 and the highest at $7.29, the price increase x20 from the opening price. So what makes BASE such a galloping increase? Let’s research a little about Base Protocol:

What is Base Protocol?

BASE Protocol is a decentralized financial application created on the Ethereum blockchain, an open-source platform with an active GitHub repository. The project uses the number one oracle service in the crypto space, Chainlink, as part of their price data feed.

Outstanding Features

What is the project trying to achieve?

The fact that there was no real cryptocurrency market tracker that tracked the performance of the entire digital asset market. BASE will be useful for institutional investors and traders to diversify and hedge their crypto portfolios. BASE will also help new and existing retail investors to take out the guesswork and get exposed to the growth of all current and future digital assets entering the market.

Current Situation

Currently, Base is still being traded on exchanges like Gate, Uniswap, Plasmaswap with price: $6.9. In the last 24 hours the price has increased by 2000%. However, if we look at Base’s chart, we will see that there have been unusual pumd dumps. With such an unusual volume, it will be very risky for investors to buy now.

Also, we can’t access Base’s website: https://www.baseprotocol.org/

Last we saw them active on Twitter since Sep 2, 2021

It is difficult to say whether the project is a scam or not, but we advise you to be cautious when investing in tokens with price fluctuations.

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Alan

Coincu Ventures