Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: jesuschrist! on April 03, 2024, 04:38:44 PM
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Is BASE token a good token to buy?
Is all there is I need to ask. I wanted a good investment where I am early. Do you think it is still early to buy this token?
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Some people can actually advise you to invest in the based coin, while others can also advise you not to invest in the coin, but the best choice should come from you. If you want to invest in altcoins, invest the amount you can only afford to lose because people can only predict and speculate about the price of an altcoin, but they cannot decide what the price would be, and that's why you need to apply your own wisdom when investing in altcoins. I am not an altcoin Frick, so I don't do much research about them, so if you want to invest in any altcoin, I would advise you to do proper research about the project to get a lead on whether it is a great project or not.
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If you did your research, there's no BASE token. The only thing that they are using for the liquidity is with $AERO. I believe it's a good investment right now (not financial advice). I think it's still early if you were to buy it and it's best if you DYOR.
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Is BASE token a good token to buy?
Is all there is I need to ask. I wanted a good investment where I am early. Do you think it is still early to buy this token?
What base token, are you talking about (Base Protocol BASE) Its CMP (Current Market Price) is $6.25, I never invested in this token before, so don't have a personal experience, but I can give my suggestion on it. But a disclaimer is needed here, and that is, my suggestions, or words are not financial advice, you have to DYOR as it's your money.
The token is although not new, but made its ATH just a few days ago ($8+) which in my opinion not a good time to take an entry in the token as many people already have existed from the coins, Fundamentally, the token looks good, its all supply is out, and supply is so short, M.cap is so low which is a good thing but and trading volume is more lower, which is not a good thing, as the token is listed on only Gate.io (I know it is listed on some other exchanges too but those are not good enough). Their twitter is not updated, the website is not updated, looks old and un-sophisticated.
Overall, I don't think its the best choice to invest your funds in.
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If you don't try it, you'll never know.
Your goal is to become an early adopter, so try the network and buy enough tokens to hype with some analysis, you need to see how the new tokens will go high just like on the SOLANA network.
Early adopters will be the lucky ones or the ones who lose the most, so do the analysis, enter early and exit when you have made a profit.
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I have not heard about such a token, neither do i know if it exists. However, i will not buy such unknown coins or tokens if i were you, i don't know why many investors like to put their money into many new projects and lose a lot of it, if you want to buy crypto, but recognized coins that have utility.
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Is BASE token a good token to buy?
Is all there is I need to ask. I wanted a good investment where I am early. Do you think it is still early to buy this token?
What base token, are you talking about (Base Protocol BASE) Its CMP (Current Market Price) is $6.25, I never invested in this token before, so don't have a personal experience, but I can give my suggestion on it. But a disclaimer is needed here, and that is, my suggestions, or words are not financial advice, you have to DYOR as it's your money.
The token is although not new, but made its ATH just a few days ago ($8+) which in my opinion not a good time to take an entry in the token as many people already have existed from the coins, Fundamentally, the token looks good, its all supply is out, and supply is so short, M.cap is so low which is a good thing but and trading volume is more lower, which is not a good thing, as the token is listed on only Gate.io (I know it is listed on some other exchanges too but those are not good enough). Their twitter is not updated, the website is not updated, looks old and un-sophisticated.
Overall, I don't think its the best choice to invest your funds in.
You have said it all about what OP needs to know about the base protocol. It is now left for him or her to invest at their own risk because investing in altcoin is a gambling game, you either profit or lose from it. The ball is in one court to decide whether the particular altcoin is worth the investment or to find another coin.
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You have said it all about what OP needs to know about the base protocol. It is now left for him or her to invest at their own risk because investing in altcoin is a gambling game, you either profit or lose from it. The ball is in one court to decide whether the particular altcoin is worth the investment or to find another coin.
Thanks for supporting my post, and you are also right that altcoin is a gambling game, but it will not be gambling, if a person puts some time into analyzing it, if a person is not a technical trader, he still can differentiate between a good and a bad project by using fundamentals. Just like I did, although I am not good enough, but learned a few things to judge a coin in a short period of time.
For example, if a team is active, the website has enough data, Twitter, and Telegram is active, new updates are coming, the supply is all out or near to full supply, the Market cap is less and the team is consistently making efforts for the development of the project. If such criteria meet then we should talk about the project, and then we should use some technical analysis to judge whether it's a good time to invest in the project or not. There are many altcoins still in the market in front of our eyes that can make us more gains (X) in compared to Bitcoin. Investing in alts, BTC, memecoin, etc is gambling unless we are not getting knowledge of the situation first.
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if a person puts some time into analyzing it, if a person is not a technical trader, he still can differentiate between a good and a bad project by using fundamentals.
It is not possible to be accurate in analyzing which project is good or bad, most people lose when they invest in altcoins because they buy a scam project or one that does not have any future. If people could 'easily' analyze the market and separate the good projects from the bad ones, everyone will likely be making money.
For example, if a team is active, the website has enough data, Twitter, and Telegram is active, new updates are coming, the supply is all out or near to full supply, the Market cap is less and the team is consistently making efforts for the development of the project.
All these is not enough for you to come to a conclusion that a project is good and is going to be successful.
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Is BASE token a good token to buy?
Is all there is I need to ask. I wanted a good investment where I am early. Do you think it is still early to buy this token?
I think we need more information of your post. I look at the CMC and I found out 2 BASE, and I don't know which of the two. There is a BASE (https://twitter.com/base) project with a huge community and I don't think if they already have launched a token. If ever there will be announcement then it's good to go. For now, if you want a good investment with low risk and high reward then go with Solana.
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This is my first time encounter this token, maybe we need to discover or do a research with this token. Because our goal is to know if this is good token to invest.
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This is my first time encounter this token, maybe we need to discover or do a research with this token. Because our goal is to know if this is good token to invest.
The earlier you will have a good profit.
Base is a new L2 chain that has low transaction fees and in which many new tokens appear.
Like Solana, which has many successful memecoins and provides millions of profits.
Base will also be the same and will have a story that makes someone filthy rich from a wide variety of memecoins,
provided you get in and out with the right timing.
Beware of every rug pull token and presale scam.
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I highly suggest you to be careful when investing in such tokens. The price of that token has dropped a lot and there's not enough capital on that token whatsoever. I would suggest everyone to be careful when investing in such tokens because they are quite risky.
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Is BASE token a good token to buy?
Is all there is I need to ask. I wanted a good investment where I am early. Do you think it is still early to buy this token?
Make your own research about the token and give it the risk a according to how you feel you can go for it, but remember that token could be highly volatile and unpredictable, the higher they can rise, the same can fall them, it also have to be about the developers, those in charge of this token if they are trusted or not, just ensure that what you will investing will be something you can afford to loose.
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Is BASE token a good token to buy?
Is all there is I need to ask. I wanted a good investment where I am early. Do you think it is still early to buy this token?
Make your own research about the token and give it the risk a according to how you feel you can go for it, but remember that token could be highly volatile and unpredictable, the higher they can rise, the same can fall them, it also have to be about the developers, those in charge of this token if they are trusted or not, just ensure that what you will investing will be something you can afford to loose.
Probably OP has done his research about Base Token that's why he comes up with the question of whether if it is a good investment or not. Besides, asking questions or gathering opinions is one way of doing research.
So, to answer OP, it actually depends on you. But to come to the point of choosing a token to invest in, you must have standards to check. Like you should have your own qualities to check on the token you are about to invest, like knowing basic info such as circulating supply, maximum supply, if it has a community that is strong enough, and so on.
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Is BASE token a good token to buy?
Is all there is I need to ask. I wanted a good investment where I am early. Do you think it is still early to buy this token?
Do you mean BASE Token of any exchange?
or this token Base?
https://coinmarketcap.com/currencies/swapbased-base/
I am not really sure with that. but, whatever the coin or token, ensure that you have analyzed the token early, carefully, and also smartly. Never make yourself difficult in such situation that force to lose money. Investing in new project or in low cap altcoins will be always risky. Moreover token without good fundamental. this is high risk.
Moreover if what you meant is this Base Token
https://coinmarketcap.com/currencies/swapbased-base/
This is very risky because it is low cap and low tarding volume. i suggest you to inevst in top coins.
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it also have to be about the developers, those in charge of this token if they are trusted or not, just ensure that what you will investing will be something you can afford to loose.
You cannot know from the beginning if the developers are to be trusted or if they are scammers, even scam developers would make themselves look legitimate, in order to steal money from people. Take note that the only way to avoid scam with new tokens is to avoid them, if you decide to start buying new tokens, you have to be ready to lose money to many of them.
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Please make sure everyone you are doing your research, if you are talking about the link below
https://www.coinbase.com/price/base-protocol
It's not affiliated with Coinbase. The BASE chain has no token only using $AERO for the liquidity etc.
(https://www.talkimg.com/images/2024/04/12/jSS12.png)
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(https://i.ibb.co/DkmM82V/Screenshot-2024-04-13-000255.png)
From my search results, there are several $BASE tokens that you might be referring to... but from these results, there are no BASE tokens that are strong enough, because the rank of the BASE token you mean is not even on the top 100 list on CMC according to the results my search... that means this token has very high volatility and if you ask whether it is a wise choice to buy it now, then I can recommend to buy it now and then sell it when ALT SEASON arrives. not long now, because usually ALT SEASON will come along with the BTC halving moment.
To minimize the size of the loss, you can only invest a small amount... remembering that this is not a strong token, so it is wise not to risk too much wealth.
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Probably OP has done his research about Base Token that's why he comes up with the question of whether if it is a good investment or not. Besides, asking questions or gathering opinions is one way of doing research.
I am also wondering if OP is referring to the Base Protocol with the symbol BASE now traded in some exchanges and according to CMC (https://coinmarketcap.com/currencies/base-protocol/#Markets): "Base Protocol (BASE) is a token whose price is pegged to the total market cap of all cryptocurrencies at a ratio of 1:1 trillion. BASE allows traders to speculate on the entire crypto industry with one token. The Base Protocol is built on the Ethereum blockchain, integrates a (Chainlink) oracle, and is launching on ((Uniswap)." The current price is $2.66 as of April 14, 2024 and with its total supply of 480 million it got around $1.2 million marketcap. What is interesting with BASE is its being pegged to the overall marketcap of the whole cryptocurrency industry and with this calculation "if crypto market cap is $1 trillion, BASE is pegged to $1.00; if crypto market cap is $2.5 trillion, BASE is pegged to $2.50" according to its official site (https://www.baseprotocol.org/). To be honest, am not that impressed with this platform but then again I can be wrong...this can be one of the best performing crypto-based projects in 2024 so make your diligence, decide based on what you know and close your eyes for some luck.
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After your post came across my eyes I searched a lot online about this coin and tried to know about this coin but I didn't get much positive response about this coin. I don't know why you are talking about investing in this coin but apart from this coin there are many other coins in the market that you can invest in and those coins will be more reliable than these coins. I won't suggest you any specific coin to invest but I will say that before investing invest in a coin where you can get your money back don't invest in a coin in excitement that all coins will have maximum risk.