Will Coinbase Meme Coin FROC Succeed Where Binance’s Broccoli Failed?

Pooja Khardia
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Will Coinbase Meme Coin FROC Succeed Where Binance's Broccoli Failed?

Highlights

  • Coinbase employee has launched a Based Froc (FROC) meme coin on Base.
  • The association with Coinbase and exchange listing is driving the FROC hype.
  • Analysts claim it will succeed where Broccoli failed and achieve $100M in market capitalization.

Meme-themed cryptocurrencies’ perception has changed from a low market cap and volatile digital assets to the most demanded ones in the market. In the last few months, many celebrities, influencers, and crypto platforms like Binance and Donald Trump have launched meme-themed cryptos. Adding to the same hype, the famous crypto exchange Coinbase has also presented the FROC meme coin. More importantly, it is competing with the Binance meme coins like Broccoli and TST, which are facing their share of volatility and controversies. Let’s discuss whether this FROC token can succeed where others failed.

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What is Coinbase Meme Coin and Why It Is Getting So Much Hype?

Amid the meme-themed cryptocurrency frenzy, a Coinbase employee could not ignore the FOMO and launched the Based Froc (FROC). Interestingly, the Coinbase exchange acknowledged it, as the firm has actively promoted the token. Soon, the market realized the association, calling it the Coinbase meme coin.

Coinbase meme coin

As a result, the FROC meme coin gained instant recognition, with investors anticipating it would reach a market capitalization of $100M. Although the token currently trades only at $0.0002108 with a market capitalization of $21.0M, analysts predict a higher milestone.

Interestingly, this target is built considering the hype TST and Broccoli received. The first reached a market cap of $500M before losing its bullish trajectory.

Regarding the topic, FROC has been launched on the Base network and is listed by various top crypto exchanges. Overall, this token will assist Coinbase in capturing meme coin momentum.

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Can FROC Meme Coin Succeed Where Broccoli Failed?

The social media discussion and analysts’ take on the Coinase meme coin launch explains that the exchange’s launch is more of strategic intent, unlike Binance. This is because Binance chaotically launched the Test meme coin, and even former Binance CEO Changpeng Zhao criticized the TST launch.

Coinbase Vs Binance

Also, Broccoli is a CZ dog-inspired meme coin and is not connected to the exchange or the former CEO, so the hype plummeted. However, Coinbase’s strategic launch could help it achieve higher heights as an attempt to demonstrate the Base chain’s capabilities. Interestingly, at the same time, the Coinbase wallet engaged in the metadata update for ERC-2O, which would simplify the token’s visibility and usability.

Coinbase Wallet

Coinbase has already taken several measures to cater to the success of this meme-themed crypto. This includes the possibility of institutional investors (aligned with the base) injecting liquidity into the Coinbase meme coin. If this happens, this could provide much better stability to this token, especially compared to Binance’s Broccoli.

Another critical point to notice is that Coinbase is using Clanker for FROC. This will provide more equitable distribution instead of other meme coin launches favoring early insiders. Last but not least, the factor that could contribute to the FROC meme coin surpassing Broccoli is the timing.

In the present scenario, CZ-inspired coins are struggling; the same is true for TST. Amid this, the launch of FROC could gain all the attention, especially as it integrates it into the Base ecosystem development.

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What Failed Binance’s Meme Coins?

The most notable point is that Broccoli is not Binance’s or CZ’s token. Instead, it is a token launched along with 20k similar meme coins based on CZ’s dog, Broccoli. This flood of copycat tokens diverted market attention and created competition among themselves.

Due to that, Broccoli is struggling on the charts because it lacks utility and driving force. Interestingly, TST is not much behind that. At first, it gained big spikes, but the trajectory diverted as investors lost confidence. Even CZ has criticized this situation and committed to helping Broccoli and TST victims. 

CZ on Broccoli and TST Victims

Critics claim that Binance’s meme strategy depends on hype rather than a sustainable market, which is why FROC differs.

Could Coinbase Meme Coin Avoid the Same Fate?

Like most newly launched meme coins, the Coinbase’s Based Froc is getting a lot of hype. However, some experts claim to witness different results or successes of this token due to FROC’s integration into the Base ecosystems. This might facilitate continuous engagement even after the early hype settles.

However, there’s always uncertainty and doubt, as many believed TST or the Broccoli would end the meme coin frenzy. Investors must DYOR and implement necessary trading strategies to ensure better results.

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Frequently Asked Questions (FAQs)

1. What is the Coinbase meme coin?

Coinbase meme coin, or the Based Froc (FROC), is a meme-themed cryptocurrency launched by a Coinbase employee on the Base chain.

2. Why is FROC gaining so much attention?

FROC is gaining attention due to its connection to the Coinbase exchange, strategic promotions, and comparison to Binance coins.

3. Will Coinbase meme coin succeed while Broccolifailsd?

Experts believes FROC has better chances of success, but meme coins' volatility and uncertainty should not be ignored.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.