Meme coin Base Dawgz ($DAWGZ) has wagged its way through the market downturn, fetching over $2.2 million in less than a month since its launch.
Now that the meme coin sector is staging a comeback, investors are searching for the next top contender to lead the pack, with emerging meme coins on the Base chain catching their eye.
They’re looking for the contender that can follow in the footsteps of Brett ($BRETT) or even surpass it – clearly, that contender is Base Dawgz.
The attention Base Dawgz has recently garnered through its growing community and impressive fundraising has caught the eye of even the most ardent Solana meme coin fans – or possibly even left them in a panic about the future of their beloved dogwifhat ($WIF) tokens.
And to add to their anxiety, Base Dawgz’s $DAWGZ presale is still ongoing. Starting at a presale price of $0.00479, it has since surged to $0.005534.
Investors should act swiftly, as the chance to buy at this lower rate will fade away in less than four days.
2.1 MILLION
LFG $DAWGZ! pic.twitter.com/6VaaCciU9E
— Base Dawgz (@BaseDawgz) June 25, 2024
Are meme coins back?
Meme coins are making a comeback after a month-long downturn that began in late May.
$WIF has surged by 2.9% in the past 24 hours, while Bonk ($BONK) has climbed 10.07%, and $BRETT has seen a 5.8% increase.
It appears the tide has finally turned, signaling investors to dive in and catch the wave while the momentum is building.
However, choosing the more established tokens in the sector would limit potential gains, as much of their price movement has already occurred. In other words, they might already be close to the moon.
Hunting for tokens that have escaped the broader industry’s notice would be the better option – if we are talking about massive gains. But these tokens must have key ingredients to resonate with the whole crypto community.
Consider the common theme around the top meme coins — they are all about dogs!
It appears the crypto community has gone barking mad for these furry companions, with dog-themed coins biting off a significant 74.6% or $34 billion slice of the $44 billion meme coin market cap.
But it’s not just any dog stealing the spotlight. Crypto enthusiasts seem particularly taken with the Shiba Inu breed, thanks to the antics of Dogecoin ($DOGE).
Community growth is equally pivotal. Projects with thriving communities not only gain momentum but also ignite broader market awareness, paving the way for success.
Base Dawgz has nailed these factors down with an adventurous, high-flying version of the Shiba Inu dog as its mascot, while also capitalizing on the buzz of the thriving Base chain community – which is now a serious threat to Solana as the top choice for meme coin ICOs.
Base is outshining Solana – an opportunity for base meme coins to shine like $DAWGZ
For those in the know, Base has been tapping on Solana’s shoulders as the former is now becoming the preferred launchpad for meme tokens.
While Solana still holds this crown, Ethereum’s recent Dencun upgrade has given Base an edge in transaction speed and cost efficiency. This positions Base as the new, ideal choice for launching tokens in the meme coin space.
A clear sign of Solana’s weakening foothold is evident in the market cap comparison between its “beta dog,” $BONK, and $BRETT.
Recently, $BRETT briefly surpassed $BONK, but due to a surge in its price, $BONK reclaimed its position above $BRETT and commanded a market cap of $1.6 billion, slightly ahead of $ BRETT’s $1.56 billion.
This is big for $BRETT, as the next target – if it wins the tug-of-war against $BONK – is none other than $WIF.
On a wider scale, another piece of evidence of Base creeping up on Solana is the Total Value Locked (TVL), favoring the Layer 2 chain.
The data from DefiLlama, as shown in the chart below, reveals how Base has rapidly gained ground in less than a year, now boasting a TVL of $1.56 billion, whereas Solana stands at $4.41 billion. Interestingly, Solana hasn’t reached its peak TVL levels since 2021.
Compare Chains – DefiLlama
So with Solana losing its market share to Base, the opportunity is ripe for Base tokens to shine.
Brett might seem like a solid bet with its recent 127% gain in a month.
But since February, it has already skyrocketed by a jaw-dropping 133,316%. Doubling your investment is still undoubtedly doable. But hoping for another 130,000% surge? That might be pushing it.
Base Dawgz is poised to be the next major Base chain moon shot.
Why? Well, it’s not confined to just one blockchain. Base Dawgz aims for omnipresence across multiple chains.
The $DAWGZ token will be minted on Base and, thanks to Wormhole and Portal Bridge technology, can be claimed, stored, and traded across Ethereum, Solana, Binance Smart Chain, and Avalanche.
With $DAWGZ present across multiple chains, it unlocks greater liquidity, making it a breeze for traders to buy, sell, and trade regardless of the wallet.
This increased accessibility not only fuels more active trading but also promises bigger opportunities for gains.
Base Dawgz rolls over with rewards for its community
As mentioned, community growth is crucial for the success of meme coins, and Base Dawgz understands this well, just like Brett does.
To empower its community and help with its presale, Base Dawgz will be launching a social rewards program, encouraging members to share everything Base Dawgz on their social media.
Every meme and post they share earns them points, which can later be exchanged for more $DAWGZ tokens once the presale concludes – talk about rewarding loyalty!
This is perhaps why Base Dawgz has multiplied to 4,000 followers on X and achieved its impressive presale funding.
Plus, being part of Base, developed by Coinbase, puts it in a prime position to reach Coinbase’s massive user base of 98 million users on their centralized exchange.
No wonder Mike Williams, a popular YouTuber with 6,000 subscribers, sees Base Dawgz as the next big thing on Base.
About 1.69 billion DAWGZ up for grabs on the presale, staking features will be unlocked soon
Base Dawgz has allocated 20% of its total 8.45 billion token supply, amounting to 1.69 billion tokens, for its presale. It will introduce staking features soon, earmarking another 20% of the token supply.
To participate in the presale, visit Base Dawgz’s website and connect your wallet. Being multi-chain, buyers can choose their preferred network from Base, Ethereum, Solana, Avalanche, or BSC.
Once the network is selected, users can purchase tokens using Base (ETH, USDC), ETH (ETH/USDT), SOL, BSC (BNB/USDT), or AVAX.
Potential investors need not worry about the security of the Base Dawgz smart contract as it is fully audited by Solid Proof.
Stay updated on the latest news and developments by joining Base Dawgz’s community on X and Telegram.
Invest now in $DAWGZ tokens before it takes the leash as the new alpha on Base.
Buy DAWGZ Here
The post New Base Meme Coin Base Dawgz Flies High with $2.2M in Presale, Poised to Lead the Next Meme Coin Bull Run? appeared first on Cryptonews.
