A memecoin built on the Ethereum layer-2 scaling solution, Base, has seen a remarkable jump of nearly 128% in just 24 hours. This surge follows its addition to Coinbase’s listing roadmap.
Currently, Degen (DEGEN) is trading at $0.009, a significant rise from around $0.004 one day ago.
This memecoin launched on Base back in January. It serves as a reward token for Farcaster, a blockchain protocol designed for creating social networks. The goal? To allow users in the Farcaster ecosystem to reward those who post quality content. It’s all about connecting online contributions to real-world value.
Coinbase didn’t stop there. They also added the Solana (SOL)-based altcoin io.net (IO) to their listing roadmap. This move puts tokens on a potential path toward trading on one of the top U.S. crypto exchanges.
So, what is io.net? It’s a decentralized AI computing network. Its aim is to give machine learning engineers access to distributed cloud clusters at lower costs. This approach tackles the challenges posed by traditional cloud service providers, which often struggle with capacity. High costs and long wait times for hardware access can be major headaches.
Now, unlike DEGEN, IO hasn’t seen any gains. In fact, it’s down 0.6% in the past 24 hours and more than 17% over the past week. As of now, the token is trading at $1.75.