Meme coin Base Dawgz ($DAWGZ) has thrived amid the market downturn, raising more than $2.2 million in less than a month since its launch.
Now, as the meme coin industry recovers, investors are looking for the next leader, and meme coins on the emerging Base chain have caught their attention.
They are looking for a competitor who can follow in Brett's ($BRETT) footsteps or even surpass it, and the obvious competitor is Base Dawgz.
Base Dawgz has recently caught the attention of even the most ardent Solana Meme Coin fans through its growing community and impressive fundraising efforts, and may even have them panicking about the future of the beloved Dogwifhat ($WIF) token.
In addition, the presale of $DAWGZ of Base Dawgz is still ongoing. Starting from the presale price of $0.00479, it has soared to $0.005534.
Investors should act quickly because the opportunity to buy at a lower price will disappear in less than four days.
Memecoins are making a comeback
The meme coin is recovering after a month-long slide that began in late May.
$WIF has gained 2.9% in the past 24 hours, while Bonk ($BONK) has gained 10.07% and $BRETT has gained 5.8%.
This seems to be a sign that the tide has finally turned, prompting investors to jump in and seize the opportunity.
However, choosing more established coins in the sector will limit potential gains, as much of their price activity has already occurred. In other words, they may be near their peak.
Looking for tokens that have escaped the attention of the industry would be a better option — if we are talking about huge gains. But these tokens must have key elements that resonate with the entire cryptocurrency community.
Consider the common theme surrounding the top memecoins — they all involve dogs!
It seems the crypto community is crazy about these furry companions, with dog-themed tokens accounting for 74.6% or $34 billion of the $44 billion memecoin market cap.
But not just any dog can steal the spotlight. Crypto enthusiasts seem to be particularly fond of the Shiba Inu breed, thanks to the dramatic performance of Dogecoin ($DOGE).
Community growth is equally crucial. Projects with thriving communities not only gain momentum but also attract wider market attention, paving the way for success.
Base Dawgz has captured these factors perfectly, featuring an adventurous, high-flying Shiba Inu as its mascot and capitalizing on the buzz of the burgeoning Base Chain community — making it a serious threat to Solana beyond its status as the meme coin ICO of choice.
Base Surpasses Solana — Base Meme Coin Has a Chance to Shine Like $DAWGZ
For those in the know, Base has begun to surpass Solana as Base is now the preferred launch pad for meme tokens.
While Solana still holds this position, Ethereum’s recent Dencun upgrade gives Base an edge in terms of transaction speed and cost-effectiveness. This makes Base the new ideal choice for issuing tokens in the meme coin space.
Clear signs of Solana losing market share can be seen in a comparison of the market capitalizations of its “beta dogs” $BONK and $BRETT.
Recently, $BRETT briefly surpassed $BONK, but due to its price increase, $BONK regained the lead and now occupies a market cap of $1.6 billion, slightly higher than $BRETT's $1.56 billion.
This is an important step for $BRETT, and if it wins the battle with $BONK, the next target will be $WIF.
On a broader level, Base surpassed Solana in Total Value Locked (TVL), benefiting from the Layer 2 chain.
The data from DefiLlama shown in the figure below shows that Base has made rapid progress in less than a year, now with a TVL of $1.56 billion, while Solana is at $4.41 billion. Interestingly, Solana has not reached its peak TVL level since 2021.
As Solana loses market share, Base token has a chance to shine.
Brett may look like a solid bet as it has grown by 127% in one month.
But since February, it has soared a staggering 1,333,16%. Doubling your investment is certainly possible. But hoping for another 130,000-fold gain? That might be a bit too much.
Base Dawgz is expected to become the next important Base chain project.
Why? Because it is not limited to just one blockchain. Base Dawgz aims to be ubiquitous on multiple chains.
$DAWGZ tokens will be minted on Base and, thanks to the support of Wormhole and Portal Bridge technology, can be claimed, stored, and traded on Ethereum, Solana, Binance Smart Chain, and Avalanche.
The presence of $DAWGZ on multiple chains increases liquidity, allowing traders to easily buy, sell and trade regardless of which wallet they use.
This increased accessibility not only drives more active trading, it also provides assurance of greater access to opportunities.
Base Dawgz offers rich rewards to its community
As mentioned earlier, community growth is crucial to the success of a meme coin, something both Base Dawgz and Brett understand well.
To strengthen its community and help in the pre-sale, Base Dawgz will launch a social rewards program to encourage members to share everything about Base Dawgz on social media.
Every meme and post they share will earn them points, which can be redeemed for more $DAWGZ tokens after the presale ends - a reward for loyalty!
This is perhaps why Base Dawgz has grown to 4,000 followers on X and achieved an impressive pre-sale fundraising.
Furthermore, as part of Base, which was developed by Coinbase, it is in a good position to promote it to Coinbase’s 98 million users.
No wonder Mike Williams, a popular YouTuber with 6,000 subscribers, sees Base Dawgz as the next big thing on Base.
Approximately 1.69 billion $DAWGZ can be obtained in the pre-sale, and the staking function will be added soon
Base Dawgz will use 20% (1.69 billion tokens) of its total 8.45 billion token supply for pre-sale. It will soon launch a staking feature to allocate another 20% of the token supply.
To participate in the presale, visit Base Dawgz's website and connect your wallet. Since it is multi-chain, buyers can choose their preferred network from Base, Ethereum, Solana, Avalanche, or BSC.
Once a network is selected, users can purchase tokens using Base (ETH, USDC), ETH (ETH/USDT), SOL, BSC (BNB/USDT), or AVAX.
Potential investors do not have to worry about the security of the Base Dawgz smart contract as it has been fully audited by Solid Proof.
Stay up to date with the latest news and developments by joining the Base Dawgz community on X and Telegram.
Invest $DAWGZ tokens now before Base becomes a new alpha.
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