Home > web3.0 > Base Dawgz Raises $2.8M as BRETT Surges 46%: Base Chain Meme Coins Gain Traction Amid Market Volatility

Base Dawgz Raises $2.8M as BRETT Surges 46%: Base Chain Meme Coins Gain Traction Amid Market Volatility

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Release: 2024-08-10 06:19:15
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As traditional financial markets face turbulence, a notable shift is occurring within the cryptocurrency landscape, specifically among meme coins.

Base Dawgz Raises .8M as BRETT Surges 46%: Base Chain Meme Coins Gain Traction Amid Market Volatility

As traditional financial markets experience turbulence, a notable shift is occurring within the cryptocurrency landscape, specifically among meme coins. Investors are eyeing new opportunities and Base Dawgz ($DAWGZ) is emerging as a prime candidate for capital reallocation.

This Shiba Inu-themed coin has raised $2.8 million in presale funds, drawing attention with its innovative features and potential for significant returns. Simultaneously, Brett (BRETT) has surged by 46%, demonstrating the growing appeal of meme coins based on the Base chain.

As other cryptocurrencies like Shiba Inu (SHIB) struggle to gain momentum, Base Dawgz is capturing investor enthusiasm with its unique approach and robust community engagement.

Meme Coin Resurgence: An Overview

In the midst of geopolitical and economic uncertainty, meme coins have shown remarkable resilience. Ethereum-based Pepecoin (PEPE) surged over 24% to $0.0000007673, recovering from recent losses and maintaining a market capitalisation of about $3.22 billion, although it remains down by 35% over the past week. Solana’s BONK also saw a resurgence, climbing nearly 18% to trade at $0.00001956, with a market cap of $1.3 billion.

Dogwifhat (WIF), another contender on the Solana network, gained over 14%, reaching a market cap of $1.4 billion despite a 40% decline over the week. Meanwhile, Shiba Inu (SHIB) rose 18.4% to a market cap of $7.9 billion, trading at $0.00001348.

Among these, Brett (BRETT) notably increased by 46%, trading at $0.09245 with a market cap of $919 million. Inspired by a character from Pepe the Frog artist Matt Furie, BRETT exemplifies the growing appeal of meme coins beyond their novelty value.

The Rise of Base Dawgz: A New Era in Meme Coins

Base Dawgz ($DAWGZ) has positioned itself as a standout in the meme coin sector, having raised $2.8 million in presale funds. The coin has been buoyed by the success of its parent network, Base, which recorded a 56% increase in July alone. Currently priced at $0.007414, $DAWGZ has surged by 60.5% since the presale began, with expectations of further growth once listed on major exchanges.

The rise of Base Dawgz is closely linked to the growth of Base, a Layer-2 solution on Ethereum. Base has rapidly grown, adding 25 million new accounts and processing nearly 500 million transactions.

This expansion has made Base the second-largest Layer-2 chain by Total Value Locked (TVL), surpassing Ethereum with a 10% increase in July compared to Ethereum’s 1.1% decrease. Base’s involvement in political fundraising amid the US presidential election highlights its expanding influence and reach.

Base Dawgz’s Unique Offering

Base Dawgz differentiates itself not just through its connection to the Base network but also through its unique market proposition. Known as the Base Jumping Coin, $DAWGZ offers multi-chain functionality across Ethereum, Solana, Avalanche and Binance Smart Chain (BSC) via Wormhole Technology and the Portal Bridge.

This technology allows Base Dawgz to leverage the strengths of various blockchains, such as Ethereum’s security and Solana’s fast transaction speeds, enhancing its utility and appeal.

The multi-chain approach opens extensive possibilities for investors and developers, expanding use cases for Base Dawgz. YouTuber ClayBro has highlighted Base Dawgz’s potential to achieve 100x growth, emphasising its strong foundation and innovative features. Additionally, staking options for presale tokens offer investors the chance to earn significant rewards.

Building Community and Engagement

Recognising the importance of community engagement, Base Dawgz has launched initiatives such as the “Be Social for Airdrop” campaign. This campaign encourages users to create and share content about Base Dawgz to earn redeemable points for $DAWGZ after the presale.

The project also includes a “Refer and Earn” program to reward active community members and position them as ambassadors, ensuring the community remains central to the project’s growth.

Why Invest in Base Dawgz Now?

With its innovative features and rapid growth, Base Dawgz presents an attractive investment opportunity in the meme coin landscape.

As the presale continues, investors have the opportunity to secure $DAWGZ at its current price before it potentially rises upon listing on major exchanges.

Interested parties can participate by visiting the Base Dawgz website, connecting their wallets such as Best Wallet and purchasing $DAWGZ using cryptocurrencies like Base (ETH, USDC), ETH (ETH/USDT), SOL, BSC (BNB/USDT

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