Dogecoin (DOGE) has turned more than 5% lower on Tuesday, extending its losses since Sunday’s highs to nearly 10% as the crypto market’s bullish momentum fades, with Dogecoin holders turning to a new ICO as they target big 20x or 1,899% potential returns.
DOGE was last around $0.1280, having slid back below its 200DMA.
The uptrend that has been in play for around one and a half weeks doesn’t seem to have snapped yet.
Indeed, Dogecoin remains over 40% up from earlier monthly lows.
That said, the crypto market’s recovery leaves it vulnerable to profit-taking.
Big upcoming events like the Ethereum ETF launch and Donald Trump‘s speech at the Nashville Bitcoin conference could be trigger.
Readers can find out more on how Donald Trump affects the Bitcoin market here.
Profit-taking Dogecoin investors are unsurprisingly keenly checking out high potential alternatives.
One exciting meme coin that might be worth checking out is a new ICO called Base Dawgz.
The new Base meme coin is launching with exciting multi-chain bridging, or base jumping, capabilities.
As a result, Cryptonews’ in-house team of analysts rank Base Dawgz as one of the 16 best meme coins to buy this month.
Cryptonews.com’s Chester explains in a recent video why he thinks DAWGZ has 100x potential.
Here’s why this new ICO could be one of summer’s best meme coin plays.
New ICO Base Dawgz (DAWGZ) – Why It Could Be Summer’s Best Meme Coin
DAWGZ is a base-jumping Shiba Inu cartoon that hops between the five most used blockchains (aside from Bitcoin). These include Base, Ethereum, BNB, Avalanche, and Solana.
In a few short months, investors have already sunk close to $2.7 million into the new ICO. Early demand for the token is hot.
2.6 MILLION
Well done big $DAWGZ! pic.twitter.com/DZQ3unZS8K
— Base Dawgz (@BaseDawgz) July 20, 2024
DAWGZ is currently available at $0.006725, but that price will soon rise, so potential investors better move quick!
Base Dawgz has also been getting a lot of attention from DeFi degens.
As per the meme coin’s official website, the current APY for presale investors who stake their tokens is 1,176%.
Staking $DAWGZ is the best way to make some extra cash while you wait for the presale to end
If you're chasing nirvana or an active thrill-seeker, this is for you. pic.twitter.com/ggM1ibSgZd
— Base Dawgz (@BaseDawgz) July 22, 2024
That means investors can 2-3x their initial investment in just a few weeks ahead of the token’s launch.
20% of the DAWGZ supply has been allocated to staking rewards, while an airdrop program will soon be announced.
The risk-reward for DAWGZ seems to be very good, ranking it amongst the best Base chain meme coins to buy.
And analysts are predicting huge things for DAWGZ. ClayBro thinks it has the potential to 36x according to a recently published video.
Fellow YouTuber Matthew Perry thinks it could be the next Brett.
Check Out Base Dawgz Here
The post New ICO Lures Dogecoin Holders With 1,899% Potential Returns appeared first on Cryptonews.
