The post Trending Multichain Meme Coin Base Dawgz Raises $2.8M in ICO – Is This the Next Shiba Inu? appeared first on Coinpedia Fintech News
Meme coins are thriving, and Base Dawgz ($DAWGZ) is setting the pace as its presale raises $2.8 million.
But with several distinct advantages over other projects, $DAWGZ’s early success may be a glimpse of things to come.
Shiba Inu is trading downwards against new memes – will Base Dawgz steal its throne?
If there’s one thing that traders have made clear this cycle, it’s that they prefer new meme coins.
Unlike the last cycle, traders will happily rotate from meme to meme, hoping to catch the pumps and avoid the dumps.
As such, we’re seeing a lot of new meme coins enter the market and absolutely skyrocket.
Indeed, Dogwifhat, Pepe, and Bonk are some of the first to come to mind.
But others, like Dog (Runes), Brett, Popcat, and Neiro Ethereum, have also provided huge gains.
And check this:
At the same time, legacy meme coins have heavily underperformed.
If you invested $10K in Pepe one year ago, you’d now be sitting on over $70K.
And if you put it in Dogwifhat at the beginning of 2024, it would be worth $100K.
But that same $10K invested in Shiba Inu would be worth just $14K.
Evidently, the market favours meme coins that bring something fresh.
And right now, according to Etherescan, Shiba Inu has over 1.4 million holders.
Many are likely disgruntled about missing such massive meme coin gains on newer projects.
This is where Base Dawgz comes in.
It’s a Shiba Inu-themed meme coin with unique innovations unlike anything else on the market.
Combining the iconic Shiba Inu meme with cutting-edge blockchain technology, the project is brewing a storm.
Base Dawgz: the chain hopping dog with staking and refer-and-earn
Shiba Inu has over 1.4 million holders on Ethereum alone.
And the meme coins that have outperformed it this year have also been tethered to a single blockchain.
But that’s not the case for Base Dawgz.
This new meme coin has harnessed multichain technology to launch on Ethereum, Base, Solana, BSC, and Avalanche.
That’s five of crypto’s hottest smart contract-enabled blockchains.
Bridging the gap between the often ideologically fragmented blockchain communities, Base Dawgz hopes to unify the crypto industry under one light-hearted meme coin banner.
Picture this: the massive Ethereum, Solana, and Base communities unite.
Imagine the parabolic gains that would follow.
It’s unlike anything we’ve seen before, but that’s not the only reason Base Dawgz stands out.
Launching on multiple blockchains is a clear attempt to grow the community, and the team is building on this with huge rewards.
It’s taking a two-pronged approach.
First off is staking. Holders can lock their tokens up in the project’s smart contract to generate passive income.
Currently, staking provides a 934% APY, but this will decrease over time.
Also, the team has launched a “refer-and-earn” scheme, enabling community members to generate points by referring others to the presale.
These points make them eligible for an airdrop at the end of the presale. The more they earn, the more $DAWGZ they can receive.
All of this has drawn massive attention from traders.
ClayBro says the project “will make millionaires.”
In addition to praising Base Dawgz’s utility, he also nodded to its current low price.
“The largest of gains are always seen in the smallest of market caps,” he said.
Meme coins are stealing the show as crypto prices recover
Asset prices have started recovering after a flash crash affecting global financial markets on Monday.
Crypto has been no different and is now back on the up, with market leader Bitcoin above $57K after touching lows of $49K.
But it’s meme coins that everyone is talking about.
Brett headed the top gainers on Tuesday with a 45% pump, then it was Dogwifhat and Popcat yesterday, booking 20% and 30% increases.
Today, it’s XRP leading the way, but it’s closely followed by Popcat, which is up 10%.
Like it or not, meme coins continue to outperform the market average.
there couldn't be an easier bet – memes will outperform everythingtardfi bid majors, btc, eth, solct and normies jump the risk curve straight into memes gcr handing you free lunch, don't let your ego get in the way pic.twitter.com/3SLTE5s3FA
— pepeXBT (@pepeXBT) July 22, 2024
And right now, Base Dawgz is powering through its presale, signalling this could be next to explode.
But as the presale advances, the price will go up.
The next increase will occur in four days.
So don’t miss out. Follow Base Dawgz on X or join its Telegram for the latest news. Alternatively, visit its website to buy and stake tokens.
Visit Base Dawgz Presale