Dogecoin Fans Flock to Base Dawgz Amid $Doge Price Slump
Dogecoin enthusiasts and other cryptocurrency investors have redirected their attention towards a new multi-chain meme coin known as Base Dawgz ($DAWGZ), raising over $3.2 million in funding for the project.
The surge in interest towards Base Dawgz comes at a time when the original meme coin, Dogecoin ($Doge), is experiencing a 4.2% decline in value within a 24-hour period, dropping to $0.09959. This price level has not been seen since six months ago, on February 28.
With Dogecoin witnessing a 30-day depreciation of 24%, which is 10% higher than bitcoin’s ($BTC) decline, further losses could potentially keep $Doge trading between $0.08 and $0.1.
Despite the recent price slump, Dogecoin is teetering around the $0.1 mark, potentially setting the stage for a recovery. With a relative strength index (RSI) score of 38, indicating the asset is nearing oversold levels, a rebound could push $Doge back above $0.10. A positive weekend performance might even see Dogecoin reclaim its late July highs of $0.14.
Dogecoin Fans Are Jumping Into Base Dawgz
Veteran meme coin enthusiasts are closely monitoring the Base Dawgz presale, considering it as the next big thing in the chain-hopping meme coin space.
The $DAWGZ initial coin offering (ICO) offers an attractive 738% APY staking reward and share-to-earn functionalities at a fixed presale price of $0.0075, prompting early participants to hodl their tokens.
Base Dawgz leverages the ethereum Layer 2 Base chain on Coinbase and incorporates the popular shiba Inu meme avatar to capitalize on the success of meme coins within the crypto space.
Base Dawgz aims to tap into the potential of launching meme coins on the Base chain, which has already accumulated a market capitalization exceeding $1.09 billion, despite being less than a year old and surviving a recent market-wide crash.
Base Dawgz: A Multichain Meme Craze With Share-To-earn And staking rewards
The revolutionary share-to-earn feature of Base Dawgz incentivizes community members to actively participate in promoting the project on social media platforms. Users earn points for sharing content, which can later be exchanged for $DAWGZ coins.
Additionally, referrers stand to earn a 5% commission on the amount contributed by new users by generating a referral link on the Base Dawgz platform.
Moreover, participants in the presale can benefit from staking rewards with an impressive 738% APY, although this rate may fluctuate based on the number of stakers and total staked amount.
Investors are urged to seize the opportunity to purchase $DAWGZ at the current introductory price of $0.008173, with various payment options including stablecoins like USDT and USDC available for convenience and security.
The time window to secure tokens at the initial presale price is limited, with prices set to increase incrementally after the deadline passes.
In conclusion, Base Dawgz represents an innovative approach to revitalizing meme coin investments, offering unique features and incentives that are reshaping the landscape of the meme coin market. By embracing community involvement and leveraging multichain interoperability, Base Dawgz is positioned to deliver substantial returns to early investors.
For more information and to join the Base Dawgz community, visit the official website or connect on telegram.
Disclaimer: crypto investments carry inherent risks. The content provided in this article is for informational purposes only and should not be construed as financial advice. Investors should conduct thorough research and exercise caution when investing in cryptocurrency assets.
