Introduction：

BASED is a relatively new cryptocurrency that was launched in May 2020. It was created as a social experiment and is designed to be a fair and accessible asset for everyone. It is a decentralized currency that runs on the Ethereum blockchain and has no central authority. In this article, we will explore BASED\'s price history and how it has performed over the past year.

May 2020 - October 2020: Stable prices with a slight dip

BASED\'s price was relatively stable in its first few months after launch. According to CoinMarketCap, it was listed at around $500 in June 2020, and by August 2020, had risen to $1,000. However, by October 2020, the price experienced a slight dip, falling to around $750.

October 2020 - March 2021: Surge in price and ATH

The period between October 2020 and March 2021 saw a surge in BASED\'s price, with the currency hitting its all-time high (ATH) of $22,500 in February. During this period, several events contributed to the surge in price. One such event was the launch of the BASED governance token, which allowed holders to have a say in the protocol\'s direction. Another event was the collaboration with the popular DeFi platform, SushiSwap. BASED\'s price climbed steadily, reaching $10,000 by the end of 2020 and then skyrocketing to the ATH by February 2021.

March 2021 - Present: Price correction and stabilization

After hitting its ATH, BASED\'s price began to correct and consolidate. It fell sharply from $22,500 to around $4,000 by mid-March 2021. This was a result of profit-taking and market correction after the surge in price. Since then, the prices have been relatively stable, fluctuating between $3,000 and $5,000. Despite the correction, BASED\'s market capitalization remains substantial, with a market cap of over $17 million.

The Future of BASED

As a relatively new cryptocurrency, BASED\'s future is uncertain, and its price will depend on many factors. However, the project has gained increasing popularity, and its governance model and DeFi partnerships could contribute to future price growth. It will be interesting to see how BASED evolves and how it compares to other cryptocurrencies in the future.

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