General Characteristics

Mochi ($MOCHI) is a feline-inspired meme coin on Base, an Ethereum layer-2 scaling solution built by the crypto exchange Coinbase. It is named after Coinbase CEO Brian Armstrong's pet cat, leveraging the characteristics of Armstrong's cat and the Coinbase brand recognition. Since its launch in August 2023, $MOCHI has risen to prominence, becoming the top performer within the Base meme coin ecosystem. The token has surged by 5800% over the last six months and 2200% year-to-date (YTD). Mochi is geared toward capitalizing on the potential boom of cat-based meme coins with an intention to mirror the success stories of dog-themed projects like Dogecoin ($DOGE) and Shiba Inu ($SHIB). This adorable orange fur ball boasts a surprising level of credibility. It has received backing from top executives within the Base ecosystem and has also undergone Coinbase's KYC (Know Your Customer) verification process. Mochi has even received a grant from Coinbase, adding to its legitimacy. Designed to appeal to a broad audience, Mochi supports Coinbase’s mission to onboard 1 billion people onto the Base chain.

Roadmap

Mochi has achieved much on the Base chain, including the launch of utilities, victories at art competitions, and listing on a Top 20 CEX. Here is a breakdown of what's next for the project, according to its roadmap.

• Tamamochi NFT Game where holders will be able to interact with Mochi in an on-chain Tamagotchi-style game.
• Mochi Spaces where the Mochi community will discuss Base and meme/catcoins with special guests.
• Base Partnerships: Collaborations with other big Base projects.
• Coinbase Marketing Campaign: Attraction of new holders.
• On-chain Giving: Giving back to charity and supporting builders/artists on Base.
• Francesco Mochi Rounds: Funding for on-chain artists of Base.
• Dominate Base Chain: Becoming the leading name, influencing growth and onboarding users.

Functionality and Utility

Mochi has ventured beyond the digital realm with its Mochimons NFT collection, featuring 3.333K unique cat NFTs on the Base chain. Mochimons can be used as PFPs or in-game assets in an on-chain Tamagotchi-style game. Additionally, the team has launched real-world merchandise, including hats, hoodies, and plushies with proceeds going back into the project and charitable causes. They have also recently redesigned their website to enhance user experience.

Market Performance and Community

The meme coin currently boasts a market capitalization of $26.49M with a fixed total supply of 1T tokens – all already in circulation. At press time, the token is trading at $0.00002953 with a 24-hour trading volume of $189.81K. $MOCHI is currently trading 63.71% below its all-time high (ATH) of $0.00008118, which may present an attractive entry point for new investors. Despite recent price corrections, the token's current value remains approximately 1500% above its initial launch price. This definitely highlights the meme coin’s significant growth potential. Mochi has garnered a passionate community with over 46.83K holders and a thriving presence on social media with 19.1K followers on X and 7.2K subscribers on Telegram. Its dedicated fanbase is a crucial factor for the token's long-term success.

Pros, if briefly:

Mochi's strong brand association with Coinbase CEO's cat, early mover advantage in the Base cat-themed meme coin space, growing and engaging community, and utilities through NFTs and merchandise positions it as a project that could witness explosive growth in the near future.

Official links

CA: 0xf6e932ca12afa26665dc4dde7e27be02a7c02e50 Website Twitter Telegram

Where to buy

• MEXC (highest volume)
• CoinEx
• Sushiswap V2 (Base)
• Uniswap V3 (Base)

This is a (daily) in-depth analysis by Memecoin Season about the most promising and/or successful meme coin projects within the dynamic blockchain space. At first we share this report within our invite-only community of investors and enthusiasts to study and potentially consider for their investment strategies. Then the next day it gets published for the general public. While we thoroughly pick and analyze strong contenders in the meme coin space, remember that we do not give here any investment advice. Always consider your own goals and analyze the risks inherent to meme coins before investing.