Image source: https://www.gate.io/price-prediction/basenji-benji

As of April 22, 2025, Basenji (BENJI) is trading at $0.02055, reflecting a 2.75% increase over the past 24 hours. With a market capitalization of approximately $20.52 million and a 24-hour trading volume of $240.60K, Basenji ranks #803 on CoinMarketCap. The token’s circulating and maximum supply stand at 1 billion BENJI.

What Is Basenji (BENJI) Crypto?

Basenji (BENJI) is a meme-inspired cryptocurrency that pays homage to the ancient dog breed, the Basenji. Built on the Base blockchain, Basenji leverages smart contract capabilities to introduce unique features, including an automatic liquidity pool mechanism. This mechanism locks a portion of each transaction fee into the liquidity pool, ensuring stability and liquidity for the token. The project emphasizes community engagement through events, contests, and airdrops, fostering a sense of camaraderie among holders.

Current Basenji Price – Live Chart & Data

As of April 22, 2025, Basenji (BENJI) is trading at approximately $0.02055 USD, reflecting a 2.75% increase over the past 24 hours. The token’s market capitalization stands at around $20.52 million, with a 24-hour trading volume of $240.60K.

The circulating supply of BENJI is 1 billion tokens, which is also the maximum supply, indicating that no additional tokens will be minted. This fixed supply can contribute to scarcity and potentially influence the token’s value over time.

Over the past week, Basenji has experienced a 1.43% decline, suggesting a slight short-term downtrend. However, the token has shown resilience with a 26.23% increase over the past month, indicating positive momentum in the medium term.

For real-time updates and detailed charts, you can visit platforms like CoinMarketCap, and CoinGecko.

Basenji Price History and Performance Analysis

Since its all-time high of $0.1069 on June 10, 2024, Basenji has seen a significant price correction, currently down by approximately 82.53% from that peak. However, the token has shown resilience, with a notable surge of 86% in December 2024, reaching $0.04403 during that period. The price history indicates volatility, common among meme tokens, but also highlights periods of rapid growth driven by community interest and broader market trends.

Factors Influencing Basenji’s Price Movement

Several factors contribute to Basenji’s price dynamics:

• Market Sentiment: As a meme token, Basenji’s price is heavily influenced by social media trends, community engagement, and overall market sentiment.

• Liquidity Mechanism: The automatic liquidity pool mechanism ensures stability, but significant buy or sell pressures can still lead to price fluctuations.

• Broader Crypto Market Trends: Movements in major cryptocurrencies like Bitcoin and Ethereum can impact investor behavior towards altcoins like Basenji.

• Community Initiatives: Events, contests, and airdrops organized by the Basenji team can drive short-term interest and trading volume.

Basenji Price Predictions: Short-Term and Long-Term Outlook

According to CoinCodex, Basenji is projected to reach $0.060312 by April 18, 2025, representing a potential increase of 225.59% from its current price. The platform also forecasts that Basenji could trade between $0.018524 and $0.086786 in 2025, with an average annualized price of $0.049061. Looking further ahead, Basenji might reach $0.115747 by 2030, indicating a 529.74% gain if it hits the upper price target.

How to Buy Basenji (BENJI) – Step-by-Step Guide

To purchase Basenji (BENJI):

1. Create an Account: Register on a cryptocurrency exchange that lists BENJI, such as Gate.io.

2. Deposit Funds: Add funds to your account using fiat currency or other cryptocurrencies.

3. Buy BENJI: Navigate to the BENJI trading pair (e.g., BENJI/USDT) and execute your purchase.

4. Secure Your Tokens: Transfer your BENJI tokens to a secure wallet. For decentralized exchanges, you can use wallets like Trust Wallet and trade on platforms such as PancakeSwap. Ensure you have the correct contract address when adding BENJI to your wallet.

Is Basenji a Good Investment? Pros and Cons

Pros:

• Community Engagement: Active community initiatives can drive interest and adoption.

• Liquidity Mechanism: The automatic liquidity pool can provide price stability.

• Potential for High Returns: As a meme token, Basenji has the potential for rapid price increases during bullish market conditions.

Cons:

• High Volatility: Prices can fluctuate significantly in short periods.

• Speculative Nature: As with many meme tokens, investments are speculative and can be influenced by hype.

• Market Competition: Faces competition from other meme tokens and projects within the crypto space.

Basenji vs Other Altcoins – Competitive Comparison

Basenji positions itself within the meme token niche, drawing parallels to tokens like Shiba Inu (SHIB) and Dogecoin (DOGE). While it shares similarities in community-driven growth and meme culture, Basenji differentiates itself through its automatic liquidity pool mechanism and its branding centered around the ancient Basenji dog breed.

Compared to established meme coins like Dogecoin (which started as a joke but gained massive traction with support from high-profile figures like Elon Musk) and Shiba Inu, which has developed an entire ecosystem including decentralized finance (DeFi) features, Basenji is still in its early growth phase.

That said, Basenji’s appeal lies in its fresh branding, liquidity innovations, and an increasingly active community. For investors looking for emerging meme tokens with high upside potential and lower market cap, Basenji presents an interesting alternative to the more saturated SHIB and DOGE.

Final Thoughts

Basenji (BENJI) is one of the newer entrants in the meme coin sector but shows promise due to its active community, unique branding, and liquidity innovations. While its volatility may not appeal to conservative investors, those looking for speculative upside in the altcoin market may find Basenji worth exploring.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Always do your own research before investing in cryptocurrencies.