Curated News
By: NewsRamp Editorial Staff
April 09, 2024
DOLLUR Memecoin Launches on Coinbase's Base Network with 10,000% Surge
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Discuss on SubstackTLDR
- DOLLUR shot up 10,000% on Coinbase's Base network, offering a potential for high returns.
- DOLLUR is a memecoin launched on Coinbase's Base network, designed to be the reserve currency with no inflation.
- DOLLUR aims to address the concerns of the day by offering a better-designed memecoin and providing a sense of community.
- Political memes like DOLLUR highlight current concerns and are being added to professional traders' portfolios for a fun and interesting investment.
Impact - Why it Matters
The launch of DOLLUR as a memecoin alternative to the US dollar on Coinbase's Base network signals the growing influence of meme-inspired cryptocurrencies in the market. Both casual traders and professional investors are taking notice of DOLLUR's rapid rise, reflecting the broader trend of meme coins gaining traction in the crypto space. The impact of this news is evident in the surge of interest in DOLLUR and the potential shift in investment strategies to incorporate meme coins.
Summary
The US dollar has been given the memecoin treatment with the launch of DOLLUR on Coinbase's Base network, resulting in a 10,000% surge in value. The memecoin, inspired by the Greenback, aims to be the reserve currency of the Base network with no inflation. A DOLLUR developer highlighted the poorly designed tokenmonics of the USD as motivation for creating DOLLUR, which has garnered attention from both casual traders and professional investors. After experiencing sell pressure following its initial rise, DOLLUR is currently up 160% and is on track to hit $1, trading at $0.0007.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, DOLLUR Memecoin Launches on Coinbase's Base Network with 10,000% Surge
