Looking to promote a crypto project on base chain? Join @BasedGagainCTO to find out how much $GAGAIN you need to burn.
1,000,000 $GAGAIN Burned July 14th 2024 - Community Spotlight Post, $GAGAIN Guides, Crash & Gagain
+ 1,000,000 $GAGAIN Burned July 14th 2024 - Community Spotlight Post, $GAGAIN Guides, Crash & Gagain
487,452 $GAGAIN Burned July 10th 2024 - Community Spotlight Post, $GAGAIN Guides, Based Apes
485,235 $GAGAIN Burned July 10th 2024 - Community Spotlight Post, $GAGAIN Guides, Link TBA
100,000 $GAGAIN Burned July 10th 2024 - Artist Spotlight Post, $GAGAIN Guides, Link TBA
Jake $GAGAIN has taken the crypto universe by storm. His fans and following brought him to life on base. The (CTO) community takeover occurred on June 27th 2024, immediately after launch on Ape Store and liquidity burned. Strong communities build strong tokens. Strong tokens power the blockchain. Join us as we share the blockchain and burn $GAGAIN to do it.
Article Key Takeaways:
Moderate Performance: Ethereum has seen a significant rise, up 41% in 2024, but it still falls short of reaching its all-time high of $4,857.
Market Skepticism: Based on a Polymarket poll, the likelihood of Ethereum hitting its all-time high in 2024 has diminished, with only 49% of participants now optimistic about reaching this milestone.
Comparison with Competitors: Ethereum has outperformed some major cryptocurrencies but remains behind others like Bitcoin and Solana, which have seen more substantial gains.
Revenue from Fees: Ethereum continues to generate substantial revenue from transaction fees, surpassing other major platforms such as Tron, Bitcoin, and Lido Finance in this aspect.
Impact of ETFs: The approval of spot Ethereum ETFs has led to robust inflows, notably into products like BlackRock’s ETHA fund, although Ethereum's price performance post-ETF approval has not mirrored the optimism seen with Bitcoin.
Challenges and Competition: Ethereum faces stiff competition from other blockchain networks, notably Justin Sun’s Tron, which has become a significant player particularly among Tether users.
Potential Catalysts: For Ethereum to reach its all-time high, a strong bullish breakout from Bitcoin is needed along with Ethereum overcoming technical resistance in its price chart. Additionally, changes in Federal Reserve policies might act as a catalyst by making riskier assets more attractive.
Technical Analysis Indicators: Ethereum's current chart formations, such as the double-top pattern, imply significant resistance zones that need to be invalidated for a bullish breakout. Positive developments in these technical indicators could signal strong buyer interest and a potential rally.
Influence of Macro-Economic Factors: Changes in macro-economic policies, particularly those by the Federal Reserve concerning interest rates, could influence Ethereum's market behavior. A dovish stance by the Fed could enhance the attractiveness of risk assets like Ethereum.
Investor Behavior and Speculative Trading: The dynamics between short-term speculators and long-term investors will play a crucial role in Ethereum's price movements. Shifts in these dynamics following key speeches or announcements can lead to quick, significant market changes.
Global Cryptocurrency Sentiment: The overall sentiment towards cryptocurrencies, fueled by regulatory news, technological advancements, and institutional adoption, continues to play a critical role in driving Ethereum's price.
Market Positioning Post-ETF Approval: Despite the initial enthusiasm following ETF approvals, Ethereum has experienced subdued performance relative to expectations, possibly due to ongoing liquidations from high fee-based products like the Grayscale Ethereum Trust.
This post was created by the $GAGAIN community and should not be taken as financial advice of any kind. This content within are strictly for entertainment purposes. Investing into cryptocurrency is extremely risky. You could lose everything, or you could 1000x. Be sure to DYOR before buying any cryptocurrencies.
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About $GAGAIN
$GAGAIN is the cryptocurrency incarnation of Jake Gagain, professional digital content creator and sensational investor. GAGAIN is a community driven initiative that strives to bring people together on Coinbase's base chain ethereum network. However, $GAGAIN does it in a way that many other cryptocurrencies, memecoins, and projects have failed to do in the past. We are 100% community driven. No one person or entity controls this project, it is shared across thousands of cryptocurrency investors on the blockchain. The community showcases crypto stories, blockchain projects and other initiatives in the base chain ecosystem. The community aims to help drive mass adoption for crypto and propel community engagement for new projects. The only requirement is that they must burn...
About Jake
Meet Jake Gagain, the mastermind behind the meteoric rise of Brett, Peipei, and Landwu - three cryptocurrency sensations that have left the market in awe. With his unyielding passion and razor-sharp instincts, Jake has spearheaded a campaign that has catapulted multiple digital assets to unprecedented heights, earning him a reputation as a trailblazing crypto personality.
THE METEORIC RISE OF JAKE GAGAIN
SAFE CONTRACT DEPLOYMENTS = LOYAL COMMUNITIES
1BILLION
RENOUNCED
WHEN $GAGAIN TOKENS BURN, $GAGAIN RISES IN VALUE
HOW MUCH WOULD YOU BURN FOR YOUR PROJECT TO SUCCEED?
COMMUNITY LEADERS
PARTNER COMMUNITIES
$GAGAIN FAQS
You can get $GAGAIN by swapping base ETH from your base chain wallet through a decentralised exchange like UNISWAP - top of page.
The utility of $GAGAIN is determined by the community. Be it funding projects, charitable donations, or used as a store of value, $GAGAIN use cases grow every day. Right now, community members are requesting spotlight articles and exposure of their favourite base chain meme coins, private telegram groups, and crypto artists/promoters. Instead of paying ETH for project visibility as most projects do, $GAGAINers are burning their $GAGAIN tokens to showcase them on basedgagaincto.org. Each time $GAGAIN burns, tokens increase in value. And as more people visit basedgagaincto.org, promotions and features gain more exposure.
Yes he does!
His public wallet currently holds 3% of the total supply of $GAGAIN. A gift from the contract developer and other community members upon launch. Jake himself may have a blockchain project or endeavour that he'd like exposure for in the future. How much $GAGAIN do you think he'd burn to show it off?
DEXTOOLS: $GAGAIN
DEXSCREENER: $GAGAIN
TELEGRAM COMMUNITY:
https://t.me/basedgagaincto
CONTRACT ADDRESS:
0x2Fa2EdA29225ab5DE488597e2201838eC5D28261
$GAGAIN is a meme coin with no intrinsic value and doesn't guarantee a financial return; its value is determined by the global community. Content on this website is for entertainment only and not financial advice. Engage at your own risk, as purchasing or selling tokens involves potential losses and high volatility. The authors and project participants do not accept liability for any losses incurred. This website is not an offer or solicitation to buy or sell any product, and is not directed at persons in jurisdictions where such activities are prohibited. Always consult local laws before transacting in cryptocurrencies.