This article was paid for*
Meme coins are seeing a strong bounce-back after the crypto crash yesterday, with the Brett coin leading the relief rally.
The Brett coin price is up by nearly 70% in the past 24 hours, trading as high as $0.10 today after crashing to $0.06 on Monday. It is currently hovering near $0.092 at press time.
Brett’s bounce-back has triggered substantial gains in other Base meme coins, with Degen, Toshi and Mister Miggles up by double digits. A new meme coin – Base Dawgz – is also in high demand, raising over $2.8 million in its presale.
Some smart money investors are even calling DAWGZ one of the best crypto to buy now, owing to its low-cap status and strong early demand.
Is The Bottom In For Brett Coin, Base Meme Tokens?
The Brett price has surged by nearly 70% today, impressing investors with its resilience.
However, the bottom may not be in for Brett, considering that it is still showing a strong correlation with Bitcoin and Ethereum. BTC and ETH are both up by nearly 9% today, leading to strength in other meme coins such as Pepe and Floki as well.
This could result in another correction in Brett, considering experts believe that the bottom is not in for Bitcoin just yet. For instance, popular trader Crypto GVR (@GVRCALLS) believes that BTC will revisit the $51k level, potentially in the next 12 hours.
#bitcoin 51K$ coming again in next 12 hours 
pic.twitter.com/sDTDDWZD0P
— Crypto GVR (@GVRCALLS) August 6, 2024
The Brett coin is also not out of the woods just yet. It is currently underperforming every key moving average indicator in the daily and weekly time frames.
Any bullish continuation would likely require the meme coin to flip its 100-day SMA and 10-week EMA, both of which are currently hovering near the $0.105 price mark.
However, today’s rally does prove that Brett coin could be the top-performing cryptocurrency during the next bull rally. In fact, some crypto influencers have it reaching a $50 billion market capitalization, which would mean more than 50x growth from its current valuation of $910 million.
We will never see $BRETT this low again. Everyone was crying saying they wished they bought before 1B, well nows your chance
My conviction stays strong, $BRETT will hit $50B+ and we just got a golden opportunity to increase our positions 
pic.twitter.com/qhGJH4mDOI
— Jack Blaze 
(@CabinBoyCrypto) August 4, 2024
As previously mentioned, Brett’s success provides the ideal backdrop for other Base meme coins to explode as well. As such, the low trading costs and high scalability on Base mean that meme coins can see high retail investment, similar to Solana.
It would therefore not be a surprise if Base meme coins outperform most other sectors in the coming months, making them some of the best crypto to buy now.
Meme Coins The Best Cryptos To Buy Now?
Old and new meme coins are often in particularly high demand during a price rally as investors seek to capture 10x to 100x returns from low cap assets that act as a beta to Bitcoin – pumping more than BTC when it’s bouncing, after first crashing more than BTC during yesterday’s downturn.
If Base meme coins were to explode, low-cap gems such as Base Dawgz could potentially offer higher returns than Brett.
DAWGZ has already raised nearly $3 million during its ongoing presale, a sign of its high upside potential.
Thanks to innovative concepts such as share-to-earn and refer-to-earn, Base Dawgz has already impressed smart money investors. Additionally, the high staking reward rate – currently at an APY of over 900% – is an attractive feature for retail investors.
Unsurprisingly, some analysts believe that DAWGZ could follow in Brett’s footsteps and emerge as one of the top meme coins on Base. Others believe that it can offer up to 100x returns, making it one of the best crypto to buy now.
DAWGZ is also a multi-chain meme coin. Aside from Base, it will also go live on Ethereum, Solana, Avalanche and BNB Smart Chain to capture maximum eyeballs and potentially see explosive growth after its IEO.
Visit Base Dawgz Presale
*Cryptonomist did not write the article or test the platform.