Brett Surges Almost 20% as New Base Chain Meme Coin DAWGZ Hits $2M in ICO
June 25 2024 - 9:44AM
NEWSBTC
The Base blockchain continues to grow – with two joke tokens making
headlines this week. Brett (BRETT), Base’s largest meme coin, has
surged almost 20% in the past 24 hours. Hot on its tail, newcomer
Base Dawgz (DAWGZ) is also causing a stir, having raised over $2
million since its ICO went live at the beginning of the month.
BRETT Bounces Back – Is This Just the Beginning? BRETT is turning
heads with its recent price action. After a period of uncertainty,
BRETT has bounced back, currently trading at $0.155. Earlier today,
the token even touched $0.162 before pulling back slightly, showing
that it still has the potential to explode. All of this bullishness
came after BRETT rejected the $0.130 support level. However,
despite this rejection, the momentum seems to be slowing –
suggesting that the initial excitement might be cooling off.
Zooming out, BRETT is still stuck in a range on the higher
timeframes. The 4-hour chart also showcases the token’s indecision,
with the price unable to decide whether it wants to stay above or
below the 50-period exponential moving average (EMA). Despite this
indecision, there’s no denying traders’ interest. Spot volumes are
up 53% since yesterday, showing that traders are paying more
attention to BRETT. BRETT has even leapfrogged Book of Meme (BOME)
in the market cap rankings. Why Are Investors Flocking to Base Meme
Coins? It’s not just BRETT making waves on the Base blockchain. The
entire Base meme coin market is surging, with its total value
rising 10% to over $2 billion in the past day. Trading volumes are
also on the up – now at $140 million. While BRETT, DEGEN, and TOSHI
continue to dominate the conversation, newcomers are quickly making
their mark. BENJI, for instance, has been rocketing up the charts,
proving there’s always room for new players. But what’s driving the
meme coin mania on Base? For starters, Base’s layer-2 architecture
offers much lower transaction fees than Ethereum’s mainnet. This
makes it an attractive playground for developers and traders
looking to capitalize on the demand for meme coins. Add to that
Base’s growing user base – now at over 500,000 daily active users –
and you’ve got a recipe for viral growth. Base total value locked
(TVL) has also rocketed to $1.5 billion. These figures show why
Base has become a breeding ground for meme coins in 2024. Could
Base Dawgz be the Next Big Base Meme Coin? Alongside BRETT, another
Base meme coin is making headlines this week. Base Dawgz has just
sailed past the $2 million milestone in its ICO, showcasing the
enormous interest from retail investors. Importantly, the buzz
around Base Dawgz isn’t just because of its ICO success. Social
media platforms are also red-hot with chatter about this meme coin,
with the project’s Twitter page now at 4,000 followers. Most of the
excitement is about DAWGZ’s multi-chain capabilities. Imagine
buying DAWGZ tokens on Base, quickly transferring them to Ethereum
to take advantage of a new DeFi opportunity, and then zipping over
to Solana to trade. This is what the Base Dawgz developers have in
mind. Adding to the buzz is the project’s Share-to-Earn protocol.
It’s turning meme-making into a lucrative hobby, with community
members earning points for creating and sharing DAWGZ-related
content. These points can later be exchanged for DAWGZ tokens –
creating a self-fulfilling hype cycle. Base Dawgz’s whitepaper has
also caught the eye of investors. It outlines plans for DEX
listings, marketing pushes, and mysterious “community rewards.”
Ultimately, as the Base ecosystem grows, meme coins like Base Dawgz
are perfectly positioned to benefit. Whether DAWGZ will be the next
BRETT is anyone’s guess – but it’s certainly ticking all the right
boxes. Visit Base Dawgz Presale
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