Bonk and Brett Experience Significant Gains as Base Dawgz ICO Raises 25M

The meme coin market has experienced a significant surge in the past 24 hours, with tokens like 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, indicating 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, with the exception of DOG, which is the only meme coin in the top 20 to experience a loss. Even Shiba Inu, which faced significant challenges earlier in the week due to a hack on India’s WazirX crypto exchange, has managed to gain nearly 3% in the past day of trading.

The largest gains were observed in Bonk and Brett, with increases of 15% and 10% respectively. Additionally, Dogwifhat, which has seen a 7.3% increase in the past 24 hours, is worth mentioning as it has recorded a remarkable 58% gain throughout the week.

As a result, the total market capitalization of meme coins has surged from $41.3 billion a week ago to $49.5 billion today, representing a nearly 20% gain for the sector. Although meme coins still have some ground to cover in order to recover from their June and early July losses, the momentum suggests the likelihood of further gains this month.

One interesting aspect to monitor is whether Bonk can surpass WIF in terms of dominance on Solana. The two tokens briefly traded places last week, and they are now only separated by a mere $500 million in market capitalization. If Bonk continues to deliver impressive gains, it has the potential to become the largest meme coin on Solana and attract new traders seeking to participate in the meme coin frenzy.

In the midst of this bullish environment, many traders anticipate finding the most significant gains not in established meme coins, but in newly emerging ones. One such token to keep an eye on 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 unique “base jumping” meme coin that seamlessly operates across various blockchain networks including 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 one of the most important meme coins for blockchain interoperability. As traders need to quickly transfer funds from one chain to another in order to participate in the latest trending meme coin, they can rely on DAWGZ to facilitate this process with minimal fees.

Secondly, Base Dawgz has strategically positioned itself by embracing multiple chains for its future. It doesn’t matter whether Solana meme coins surpass Ethereum meme coins or if Avalanche emerges as the new hub for meme coin development. In any of these scenarios, DAWGZ is poised to thrive.

Experts in the crypto industry have displayed great optimism towards DAWGZ, with prominent analysts like Jacob ‘Crypto’ Bury predicting that it could potentially deliver a massive 100x return.

For a limited time, investors in the presale phase can stake their DAWGZ and earn rewards with an impressive annual percentage yield (APY) of 1,336%. Additionally, investors who link their X accounts to the presale and share content from the Base Dawgz X account may qualify for a DAWGZ airdrop before the token is officially launched.

The next price increase for DAWGZ is only three days away, so seize this opportunity to participate in the Base Dawgz presale at the lowest possible price.

To learn more about the Base Dawgz presale, visit their website.