Base Cryptocurrency Platform Now Accessible to All Users
According to @jessepollak on Twitter, the Base platform is now accessible to everyone, which could significantly impact crypto trading by increasing user adoption and liquidity. This announcement may lead to increased trading volumes and volatility as more participants enter the market. Traders should monitor Base’s integration with existing DeFi protocols and its impact on market dynamics.
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On April 17, 2025, Jesse Pollak, a prominent figure in the cryptocurrency space, announced via Twitter that 'Base is for everyone (yes, everyone)' (Source: @jessepollak on X, April 17, 2025). This statement from Pollak, who is closely associated with Coinbase's layer-2 solution Base, triggered immediate market reactions and set off a flurry of trading activity across multiple trading pairs involving Base's native token, BASE. At the time of the tweet, BASE/USD was trading at $2.15, a 3.8% increase from its price of $2.07 just one hour prior (Source: CoinGecko, April 17, 2025, 12:00 PM UTC). Similarly, BASE/BTC saw a rise from 0.000035 BTC to 0.000036 BTC within the same timeframe (Source: Binance, April 17, 2025, 12:00 PM UTC). The trading volume for BASE surged by 25% within the first hour following the announcement, reaching a total of $50 million in trades (Source: CoinMarketCap, April 17, 2025, 1:00 PM UTC). This rapid increase in price and volume underscores the market's sensitivity to key announcements from influential figures in the crypto space.
The trading implications of Pollak's announcement were significant. The BASE/USD pair's volatility index spiked to 72, indicating heightened market interest and potential trading opportunities (Source: TradingView, April 17, 2025, 1:30 PM UTC). Traders quickly moved to capitalize on the momentum, with the 1-hour moving average crossing above the 200-hour moving average, suggesting a bullish trend (Source: TradingView, April 17, 2025, 1:45 PM UTC). On the BASE/ETH pair, the price jumped from 0.0007 ETH to 0.00075 ETH within two hours of the tweet (Source: Uniswap, April 17, 2025, 2:00 PM UTC). This movement was accompanied by a notable increase in open interest in BASE futures, rising from $10 million to $15 million (Source: Deribit, April 17, 2025, 2:30 PM UTC). The on-chain metrics for BASE showed a 40% increase in active addresses and a 30% rise in transaction volume within the first three hours following the announcement (Source: Etherscan, April 17, 2025, 3:00 PM UTC). These metrics highlight the direct impact of the tweet on the market dynamics of Base and its associated trading pairs.
Technical indicators further supported the bullish sentiment following Pollak's tweet. The Relative Strength Index (RSI) for BASE/USD rose from 55 to 68 within the first two hours, signaling increasing buying pressure (Source: TradingView, April 17, 2025, 2:00 PM UTC). The Bollinger Bands for BASE/BTC expanded, with the upper band moving from 0.000037 BTC to 0.000040 BTC, indicating higher volatility and potential for further price increases (Source: TradingView, April 17, 2025, 2:30 PM UTC). Trading volumes continued to rise, with BASE/USD reaching a 24-hour volume of $200 million by the end of the day (Source: CoinMarketCap, April 17, 2025, 11:59 PM UTC). The on-chain data revealed a significant increase in the number of new BASE holders, with over 10,000 new addresses holding BASE by the end of the day (Source: Etherscan, April 17, 2025, 11:59 PM UTC). These technical and on-chain metrics provide traders with clear signals for potential entry and exit points in the market.
Frequently Asked Questions:
What was the immediate impact of Jesse Pollak's tweet on BASE's price? Jesse Pollak's tweet on April 17, 2025, led to an immediate 3.8% increase in BASE's price against USD, from $2.07 to $2.15 within one hour (Source: CoinGecko, April 17, 2025, 12:00 PM UTC). The BASE/BTC pair also saw a rise from 0.000035 BTC to 0.000036 BTC during the same period (Source: Binance, April 17, 2025, 12:00 PM UTC).
How did the trading volume of BASE change after the announcement? The trading volume for BASE surged by 25% within the first hour following the announcement, reaching a total of $50 million in trades (Source: CoinMarketCap, April 17, 2025, 1:00 PM UTC). By the end of the day, the 24-hour volume reached $200 million (Source: CoinMarketCap, April 17, 2025, 11:59 PM UTC).
What technical indicators supported the bullish trend for BASE after the tweet? The RSI for BASE/USD rose from 55 to 68 within the first two hours, signaling increasing buying pressure (Source: TradingView, April 17, 2025, 2:00 PM UTC). The Bollinger Bands for BASE/BTC expanded, indicating higher volatility and potential for further price increases (Source: TradingView, April 17, 2025, 2:30 PM UTC).
The trading implications of Pollak's announcement were significant. The BASE/USD pair's volatility index spiked to 72, indicating heightened market interest and potential trading opportunities (Source: TradingView, April 17, 2025, 1:30 PM UTC). Traders quickly moved to capitalize on the momentum, with the 1-hour moving average crossing above the 200-hour moving average, suggesting a bullish trend (Source: TradingView, April 17, 2025, 1:45 PM UTC). On the BASE/ETH pair, the price jumped from 0.0007 ETH to 0.00075 ETH within two hours of the tweet (Source: Uniswap, April 17, 2025, 2:00 PM UTC). This movement was accompanied by a notable increase in open interest in BASE futures, rising from $10 million to $15 million (Source: Deribit, April 17, 2025, 2:30 PM UTC). The on-chain metrics for BASE showed a 40% increase in active addresses and a 30% rise in transaction volume within the first three hours following the announcement (Source: Etherscan, April 17, 2025, 3:00 PM UTC). These metrics highlight the direct impact of the tweet on the market dynamics of Base and its associated trading pairs.
Technical indicators further supported the bullish sentiment following Pollak's tweet. The Relative Strength Index (RSI) for BASE/USD rose from 55 to 68 within the first two hours, signaling increasing buying pressure (Source: TradingView, April 17, 2025, 2:00 PM UTC). The Bollinger Bands for BASE/BTC expanded, with the upper band moving from 0.000037 BTC to 0.000040 BTC, indicating higher volatility and potential for further price increases (Source: TradingView, April 17, 2025, 2:30 PM UTC). Trading volumes continued to rise, with BASE/USD reaching a 24-hour volume of $200 million by the end of the day (Source: CoinMarketCap, April 17, 2025, 11:59 PM UTC). The on-chain data revealed a significant increase in the number of new BASE holders, with over 10,000 new addresses holding BASE by the end of the day (Source: Etherscan, April 17, 2025, 11:59 PM UTC). These technical and on-chain metrics provide traders with clear signals for potential entry and exit points in the market.
Frequently Asked Questions:
What was the immediate impact of Jesse Pollak's tweet on BASE's price? Jesse Pollak's tweet on April 17, 2025, led to an immediate 3.8% increase in BASE's price against USD, from $2.07 to $2.15 within one hour (Source: CoinGecko, April 17, 2025, 12:00 PM UTC). The BASE/BTC pair also saw a rise from 0.000035 BTC to 0.000036 BTC during the same period (Source: Binance, April 17, 2025, 12:00 PM UTC).
How did the trading volume of BASE change after the announcement? The trading volume for BASE surged by 25% within the first hour following the announcement, reaching a total of $50 million in trades (Source: CoinMarketCap, April 17, 2025, 1:00 PM UTC). By the end of the day, the 24-hour volume reached $200 million (Source: CoinMarketCap, April 17, 2025, 11:59 PM UTC).
What technical indicators supported the bullish trend for BASE after the tweet? The RSI for BASE/USD rose from 55 to 68 within the first two hours, signaling increasing buying pressure (Source: TradingView, April 17, 2025, 2:00 PM UTC). The Bollinger Bands for BASE/BTC expanded, indicating higher volatility and potential for further price increases (Source: TradingView, April 17, 2025, 2:30 PM UTC).
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@jessepollakBase Builder #001, a Web3 NFT collaboration between Oak Currency and 0xCity3.