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Is This Brand New Base Meme Coin The Best Way To Hedge Meme Market Crash?

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Top meme coins like Dogecoin, Shiba Inu, and PEPE are falling. Meanwhile, investors are pouring into Base Dawgz in the ongoing DAWGZ presale

Top meme coins like Dogecoin, Shiba Inu, and PEPE are falling. Meanwhile, investors are pouring into Base Dawgz in the ongoing DAWGZ presale.

For now, the meme coin boom led by BONK, PEPE, seems to be over. Traders are now bracing for a burst that could erase millions.

There are tell-tale signs that all is not well.

DOGE, PEPE, And Top Meme Coins Crashing

The total market cap for meme coins is $55 billion, down from around $65 billion last week.

Interestingly, all the top 10 meme coins, including DOGE, SHIB, PEPE, and WIF, have posted double-digit losses in the last week of trading.

Top meme coins like Dogecoin, Shiba Inu, and PEPE are falling. Meanwhile, investors are pouring into Base Dawgz in the ongoing DAWGZ presale

(CMC)

To quantify, WIF is down -25% in the last week, while FLOKI has shaved -30% over the same period.

BOME, DOG, and MEME are also down roughly -30% in the past seven days.

Though DOGE and SHIB are the undisputed kings of meme coins, at least going by market cap, they have not been spared.

However, there are other pressing concerns in Dogecoin and Shiba Inu.

(SHIBUSDT)

Data from Santiment, a crypto intelligence platform, paints a concerning picture for the two biggest meme coins.

Active addresses and trading volume in Dogecoin and Shiba Inu, key indicators of user activity, have been steadily dropping in June.

This suggests waning interest among traders.

But in more optimistic news, the situation facing meme coins now has some investors wondering if a new entrant, Base Dawgz, might be the answer to their prayers.

DISCOVER: The Best Solana Meme Coin to Buy in June 2024

Base Dawgz Booming, DAWGZ Presale Raises Over $1 Million

While other meme coins struggle, Base Dawgz is booming.

The DAWGZ presale has surpassed its initial target of $600,000 barely days after launching.

At the current presale stage, each DAWGZ, the platform’s native token, is changing hands for $0.00502. Only five days remain before prices rise.

Top meme coins like Dogecoin, Shiba Inu, and PEPE are falling. Meanwhile, investors are pouring into Base Dawgz in the ongoing DAWGZ presale

So far, over $1 million has been raised, pumped by what the meme coin offers but primarily because of its unique features.

For example, Base Dawgz, unlike PEPE, is multi-chain. Accordingly, users can transfer the token across multiple blockchains, such as Solana, Ethereum, and even Avalanche.

Besides the flexibility of being multi-chain, the platform will offer staking with huge attractive rewards, an appealing feature for those looking to earn passive income. According to its tokenomics, 20% of the total supply has been allocated for this purpose.

Base Dawgz’s early traction is undeniable, and investors who get in early stand to reap huge rewards.

Analysts, including YouTube influencers, are convinced DAWGZ is another gem that would follow, even outperform, PEPE or BOME in the long run.

On launch, they expect the meme coin to jump by at least 100X as Base Dawgz rises up the market cap leaderboard to dethrone established meme coin giants.

BUY BASEDAWGZ HERE

EXPLORE: FLOKI Price Crashes As Retail Investors Race to Swap For This Other Coin

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Dalmas is an experienced journalist with over a decade in crypto, technology, and blockchain. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, and Entrepreneur, among others. He is passionate about crypto and is always on the lookout for the latest trends in these fields. Connect with Dalmas on X @Dalmas_Ngetich

View all Posts by Dalmas Ngetich

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