Deep-dive into PEPE Price Analysis as Pepecoin is up +220% in 3 weeks. However, a new meme coin – Base Dawgz – has gone viral and already raised over $215,000 in less than 36 hours.
Meme coins are no longer these “detestable and useless” tokens bloating networks like Ethereum or Solana.
These tokens are now a core part of crypto, and even platform developers want meme coins deployed on their rails. Take, for example, Avalanche.
They are running a program dubbed the Memecoin Rush to incentivize meme coin activity, for they know what it means for validators.
Ethereum was the choice network for meme coin deployers, followed by layer-2 platforms like Base and Arbitrum. However, times are changing, with Solana leading.
Memecoin season is about to get started.$PEPE looks ready to send giga hard!
🚀🚀🚀🚀🚀🚀 pic.twitter.com/T7UpguStfg
— Z𝐀Z𝐀 (@Zaza0x) June 5, 2024
PEPE Price Analysis: Pepecoin Outperforms, Adds +220% In 3 Weeks
Even so, some of the most valuable meme coins in existence are running on Ethereum, and one of them, PEPE, has been posting impressive gains in the last month.
Looking at CoinMarketCap data, PEPE price is stable on the last day, down -11% in the previous week but up +220% in the last three weeks alone.
Pepecoin is charting at near all-time highs printed in late May.
(PEPEUSDT)
Despite a slight pullback, PEPE is in a firm uptrend.
Even as PEPE dominates headlines, a new meme coin could take over. Investors and analysts are betting big on Base Dawgz (DAWGZ).
Don’t Miss: New Meme Coin Presale Base Dawgz Is On Fire
Launched just 36 hours ago, Base Dawgz is on fire. Impressively and surprisingly, it raised over $200,000 in its presale within minutes.
Its success is due to the wild popularity of the dog-themed tokens, most of which are among the top 10 most valuable meme coins.
Though Base Dawgz rides this trend, it also gives more. For example, its developers are offering a share-to-earn utility and support staking.
20% of the total supply is allocated to rewarding users who promote the project on social media, and another 20% is set aside for staking rewards.
Base Dawgz is also interoperable and can run on other platforms like Ethereum and Polygon.
Security-wise, investors can rest assured that the platform is safe and audited by a reputable blockchain security firm, SolidProof.
DAWGZ Deploys On Base, Over $215,000 Raised Almost Instantly
However, perhaps being one of the big advantages, the meme coin is launching on Base, one of the most active Ethereum layer-2 platforms.
Going by trends, Base, backed by one of the world’s largest exchanges, Coinbase, stands to flip Arbitrum to be the most active layer-2 by total value locked (TVL).
So far, over 215,000 has been raised. Meanwhile, DAWGZ is trading for $0.00479, but prices will increase in less than five days. Therefore, those who get in early will buy at huge discounts.
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.
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