Meme coins $BONK and $MAGA rose 8% as analysts forecast strong growth for new main-chain meme coin $DAWGZ.
Recently, two Solana meme coins, $BONK and $MAGA, have seen notable price increases, sparking interest and speculation among traders and analysts. While these coins are making headlines, a new competitor, Base Dawgz (DAWGZ), is showing strong growth potential and could be the next big thing in the meme market.
MAGA and Punk are making big gains
On June 12, 2024, $MAGA, a meme associated with former President Donald Trump’s support for Bitcoin mining, saw a 3.27% increase in price within hours and continued to rise, trading at $13.55 on a 24-hour trading volume of 13 Million US dollars. . The coin has a direct market cap of $596 million, ranking #226 on CoinMarketCap, with a circulating supply of nearly 44 million Trump coins.
The rise in MAGA price was largely attributed to Trump’s pro-Bitcoin stance, which affected public sentiment and boosted trading activity.
Meanwhile, Bonk ($BONK), a Solana-based dog-shaped meme coin, also saw a spike. Bonk has regained its previous price levels after a short decline due to its budget-friendliness and significant upside potential. Bonk’s excitement can be linked to its strong community support and consistent performance since its launch last year.
Donald Trump’s influence on $MAGA
Recent comments by former President Donald Trump advocating Bitcoin mining in the United States have contributed significantly to the $MAGA price increase. Trump suggested that Bitcoin mining could help the United States achieve energy dominance, a statement that resonated well within the cryptocurrency community. This endorsement not only pushed the price of the MAGA dollar higher, but also sparked optimism about the future regulatory environment for cryptocurrencies in the US.
Prominent traders like Sistine Research have highlighted Trump’s support as a bullish signal for $MAGA and other meme coins like Dogecoin ($DOGE). The anticipation of the Dogecoin ETF and speculation around companies like GameStop have fueled bullish sentiment around these meme coins.
The Rise of the Dawgs Base: A New Contender
While $MAGA and $BONK are making headlines, Base Dawgz (DAWGZ) is emerging as a strong contender in the meme market. Launched just a week ago, Base Dawgz has already raised over $1 million in pre-sale, showing strong interest and positioning itself as a potential competitor to established meme coins like Brett (BRETT) on the base chain.
Base Dawgz quickly gained traction due to its innovative features and strong pre-sale performance. The first holders showed great enthusiasm for the project, with a price of $0.00502 per token during the pre-sale. The pre-sale price is set to rise by 5% in the next phase, indicating a limited window at the current rate.
One notable feature of Base Dawgz is the Share to Earn function, which allows users to accumulate points by sharing Base Dawgz content on social media. These points can then be exchanged for $DAWGZ tokens after the pre-sale, stimulating community engagement and expanding its reach.
Cross-chain interoperability
Base Dawgz leverages advanced blockchain technology to enable cross-chain trading through Wormhole and Portal Bridge technology, making $DAWGZ tokens tradable across the Ethereum, Solana, Binance Smart Chain and Avalanche chains. This cross-chain functionality improves the utility and accessibility of the token, making it an attractive option.
Analysts’ forecasts and market trends
The meme market has grown significantly, with popular meme coins like $BONK and $MAGA regaining their strong positions. The market capitalization of meme-based cryptocurrencies has reached $56 billion. Analysts are optimistic about Base Dawgz’s future, anticipating great returns.
ReadWrite expects 10x return at launch for Base Dawgz; Meanwhile, the technology report forecasts the potential for 100x gains. The 99Bitcoins channel also includes Base Dawgz among dozens of coins that could 10x in 2024. This optimism is fueled by the rapid prior success and innovative features of Base Dawgz, making it a leading contender in the meme market.
Sharing and security
Base Dawgz has allocated 20% of its 8.45 billion tokens for pre-sale, which is approximately 1.69 billion tokens. The project will soon offer staking opportunities, with staking rewards representing another 20% of the total supply. The smart contract is fully audited by Solid Proof, ensuring its security and providing holders with peace of mind.
The future of Dawgz base
As Base Dawgz continues to gain more attention, it is well positioned to become a leading coin on the basenet. Its innovative for-profit staking feature, cross-chain interoperability, and strong community support set it apart from other memecoins. With Coinbase’s extensive user base and growing trust in the underlying network, Base Dawgz is positioned for significant growth.
Get your $DAWGZ before the next pump
With its innovative features and strong market potential, Base Dawgz presents a compelling opportunity.
Visit the Base Dawgz website to join the pre-sale and drop off your wallet. Tokens can be purchased using Base (ETH, USDC), ETH (ETH/USDT), SOL, BSC (BNB/USDT) and AVAX.
Stay connected with the Base Dawgz community on X (formerly Twitter) and Telegram for the latest updates. Don’t miss the opportunity to be part of this promising project and potentially reap great returns as Base Dawgz continues to capture the market’s attention.
In conclusion, while $BONK and $MAGA have shown impressive gains, $DAWGZ offers a unique and innovative approach to the meme market, which can deliver significant returns. As the pre-sale continues and the project evolves, Base Dawgz is one of the games to watch this meme coin season.
Disclaimer: This is a sponsored article, and the opinions expressed do not represent those of ZyCrypto and should not be attributed to it. Readers should conduct independent research before taking any actions regarding the company, product or project mentioned in this article; This article should not be considered as investment advice. Please be aware that cryptocurrency trading involves significant risks as cryptocurrency market fluctuations can result in significant losses.