Investors Bet on Utility as Meme Coins Evolve

The cryptocurrency market is experiencing a significant shift as investors increasingly pivot from established meme coins like Shiba Inu (SHIB) to newer projects offering enhanced utility and scalability. A notable contender in this transition is Based Eggman ($GGs), a presale token that is attracting attention for its multifaceted use cases within the Web3 ecosystem. While SHIB remains a dominant name in the meme coin sector, its recent performance has highlighted limitations in scalability and long-term growth, prompting investors to explore more robust alternatives [1].

Shiba Inu, launched in 2020, has maintained a strong community and a market cap of $7.39 billion as of the latest data. However, its price has seen a 7.5% decline over the past year, and its trading volume has fluctuated significantly. In recent weeks, SHIB has faced bearish sentiment, with a 25% surge in trading volume over the weekend failing to break key resistance levels [1]. Analysts have noted that SHIB’s performance is increasingly constrained by its lack of technical innovation and scalability, especially as the broader crypto market evolves [2].

Meanwhile, Based Eggman ($GGs) has emerged as a compelling alternative for investors seeking a blend of meme culture and blockchain utility. The project is positioned not just as a meme token but as a comprehensive ecosystem with applications in liquidity provision, gaming transactions, minting, payments, and smart contract gas fees. At the core of its appeal is the integration with the BASE blockchain, which aims to facilitate a seamless blend of gaming and Web3 culture [3]. As of the latest update, Based Eggman has raised over 38,490.2 USDT, selling more than 4.8 million tokens at a presale price of $0.006389 each, signaling strong early adoption [4].

The rise of $GGs is not occurring in isolation but is part of a broader trend in the crypto market. Projects like Cardano, which continues to consolidate its position between $4,300 and $4,350, are also drawing investor interest, particularly from institutional players. However, the dynamic nature of token presales has introduced new opportunities for innovation and community-driven growth, with $GGs representing a key player in this space [4].

For investors looking to participate in the Based Eggman presale, the process is streamlined and user-friendly. After connecting a Web3 wallet to the project’s dashboard, users can purchase $GGs tokens using the same cryptocurrency funded in their wallet. This ease of access is a critical factor in the project’s growing traction and underscores the broader trend of democratizing crypto participation [4].

As the market continues to evolve, the shift from traditional meme coins to projects like Based Eggman highlights a growing demand for scalability, real-world utility, and community engagement. Investors are increasingly seeking tokens that offer more than just speculative value, and $GGs is positioning itself as a strong contender in this emerging landscape [3].

Source:

[1] SHIBA INU Price, SHIB Price, Live Charts, and Marketcap (https://www.coinbase.com/price/shiba-inu)

[2] Whales Exit Shiba Inu and Pepe After Analysts Forecast ... (https://www.digitaljournal.com/pr/news/binary-news-network/whales-exit-shiba-inu-pepe-14037934.html)

[3] Based Eggman vs Shiba Inu; Top 2 Memecoins to Buy ... (https://cryptoadventure.com/based-eggman-vs-shiba-inu-top-2-memecoins-to-buy-shiba-inu-coin-and-based-eggman-shib-and-ggs-forecasted-future-success/)

[4] From Cardano to Based Eggman $GGs: Altcoins and ... (https://www.mitrade.com/insights/news/live-news/article-3-1106658-20250909)