Base Dawgz ICO Raises 25M with Bonk and Brett Seeing Double Digit Gains
The market for meme coins has experienced a significant surge in the past 24 hours, with tokens such as Bonk, Brett, Mog, Cat in a Dog’s World, and Popcat all recording double-digit gains. This bullish trend comes after a week of impressive momentum for meme coins, signaling a clear recovery from the losses suffered in June and early July.
The resurgence of meme coins is particularly promising for a new entrant in the market, Base Dawgz, which has successfully raised $2.5 million in its initial coin offering (ICO) and is attracting new investments at a rapid pace. Let’s delve deeper into the growth of the meme coin market and the potential of Base Dawgz.
The past 24 hours have witnessed an upward movement in meme coins across the market, with the exception of Dog, which is the only meme coin in the top 20 to experience a loss. Even Shiba Inu, which faced a setback earlier in the week due to a hack on India’s WazirX crypto exchange, has seen a nearly 3% increase in trading value.
The most substantial gains were observed in Bonk and Brett, which experienced pumps of 15% and 10% respectively. It’s also worth noting the performance of Dogwifhat, which has recorded a 7.3% increase in the past 24 hours and an impressive 58% gain over the entire week.
As a result, the total market capitalization of meme coins has risen from $41.3 billion a week ago to $49.5 billion today, representing a nearly 20% gain for the sector. While meme coins still have some ground to cover in order to fully recover from their losses in June and the first half of July, the momentum seems strong for further gains throughout this month.
One notable development to keep an eye on is whether Bonk can surpass WIF in dominance on the Solana blockchain. These two tokens briefly traded places last week, and currently, only $500 million separates their market capitalizations. If Bonk continues to deliver outstanding gains, it could potentially become the largest meme coin on Solana, attracting new traders who are eager to join the meme coin rush.
In this bullish environment, many traders anticipate finding the most significant gains not in established meme coins, but in new entrants to the market. One such token to watch is Base Dawgz, which has successfully raised over $2.5 million through the sale of its DAWGZ token during its ongoing presale.
Base Dawgz is an innovative “base jumping” meme coin that seamlessly operates across multiple blockchain networks, including Base Layer 2, Ethereum mainnet, Binance Smart Chain, Solana, and Avalanche. This unique capability holds two crucial advantages.
Firstly, Base Dawgz has the potential to become a vital meme coin for blockchain interoperability. As traders need to swiftly transfer funds from one chain to another to capitalize on the latest trending meme coin, they can rely on DAWGZ to do so with minimal fees.
Furthermore, Base Dawgz has strategically positioned itself on multiple chains to secure its future. Regardless of whether Solana meme coins outperform Ethereum meme coins or if Avalanche emerges as the primary hub for meme coin development, DAWGZ is poised for success in all scenarios.
Crypto industry experts have expressed a highly optimistic outlook for DAWGZ, with renowned analysts like Jacob ‘Crypto’ Bury predicting that it could potentially deliver a massive 100x return. During the presale period, investors have the opportunity to stake their DAWGZ tokens and earn 1,336% APY rewards. Additionally, investors who connect their X accounts to the presale and share content from the Base Dawgz X account may qualify for a DAWGZ airdrop before the token is officially launched.
The next price increase for DAWGZ is only three days away, so don’t miss out on this chance to participate in the Base Dawgz presale at the lowest possible price. Visit the Base Dawgz Presale now.
