Solana Faces Stiff Competition as BASE Network Surges
Main Idea
The article discusses the competition between Solana (SOL) and the BASE network, highlighting BASE's growth driven by Coinbase and its impact on the cryptocurrency market, alongside Bitcoin's price surge and its effect on altcoins.
Key Points
1. Bitcoin's price surged past $115,000, potentially leading to rapid rises in altcoin prices if it maintains support at $115,500.
2. BASE network, initiated by Coinbase, is emerging as a strong competitor to Solana, surpassing it in daily token launches and thriving in meme coin activity.
3. BASE's growth benefits Coinbase directly, as the network's expansion boosts the exchange's revenue.
4. The BTC price rebound to $115,000 enhances risk appetite, prompting altcoins to recover from lows.
5. Meme coin excitement has shifted away from Solana to BASE, which is swiftly listing these coins on Coinbase, driving liquidity and new token issues.
Description
Bitcoin's price recovery has made room for potential altcoin gains. BASE network, backed by Coinbase, challenges Solana's prominence. Continue Reading: Solana Faces Stiff Competition as BASE Network Surges The post Solana Faces Stiff Competition as BASE Network Surges appeared first on COINTURK NEWS .
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