The market for meme coins has experienced significant growth 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 follows a week of impressive momentum for meme coins, signaling a clear recovery from the losses suffered in June and early July.
This resurgence in meme coins is particularly promising for a new meme coin called 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 explore the potential of Base Dawgz.
The past 24 hours have witnessed a surge in meme coins across the market. Interestingly, the only meme coin in the top 20 to experience a loss is DOG. Even Shiba Inu, which was severely impacted earlier in the week due to a hack on India’s WazirX crypto exchange, has seen a nearly 3% increase in trading over the past day.
Among the notable gains, Bonk and Brett stand out, with price increases of 15% and 10% respectively. Additionally, Dogwifhat, which has gained 7.3% in the past 24 hours, deserves attention as it has recorded a remarkable 58% increase throughout the 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 an impressive 20% growth for the sector. Although meme coins still have some ground to cover to fully recover from their losses in June and the first half of July, the momentum suggests the potential for further gains in the coming month.
One interesting development to monitor is whether Bonk can surpass WIF in dominance on Solana. These two tokens briefly switched places last week, and they are now separated by a mere $500 million in market capitalization. If Bonk continues to deliver substantial gains, it could become the largest meme coin on Solana, attracting new traders eager to join the meme coin frenzy.
In this bullish environment, traders anticipate finding the greatest returns not in established meme coins but in new entrants to the market. One of the most promising tokens to watch is Base Dawgz, which has already raised over $2.5 million through the sale of its DAWGZ token during its ongoing presale.
Base Dawgz is a meme coin that specializes in “base jumping,” allowing seamless transitions between the Base Layer 2, Ethereum mainnet, Binance Smart Chain, Solana, and Avalanche. This versatility is crucial for two reasons.
Firstly, Base Dawgz has the potential to become a significant player in blockchain interoperability among meme coins. As traders frequently need to swiftly move 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.
Secondly, Base Dawgz has positioned itself for success by embracing multiple chains for 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 well-positioned to thrive in all scenarios.
Crypto industry experts have expressed great confidence in DAWGZ, with leading analysts like Jacob ‘Crypto’ Bury predicting the potential for a massive 100x return. During the presale period, investors can stake their DAWGZ and earn rewards with an annual percentage yield (APY) of 1,336%. Moreover, investors who connect their X accounts to the presale and share content from the Base Dawgz X account can qualify for a DAWGZ airdrop before the token’s official launch.
The next price increase for DAWGZ is just three days away, so seize this opportunity to join the Base Dawgz presale at the lowest possible price. Visit the Base Dawgz Presale now.
