Bitcoin’s price has experienced its strongest drop since January 2024 – at one point the coin fell below $60,000. Over the current month, BTC has fallen by almost 11%. Crypto investors, not ready to wait for the recovery of the market’s main digital coin, are switching to instruments with higher yield potential.
Investing in coins at an early stage has a high risk. Project founders cannot guarantee an increase in the value of the cryptocurrency after listing on the exchange.
For example, the pre-sale of cryptocurrency Base Dawgz (DAWGZ) crossed an important milestone – more than $2 million was raised. This is a multi-chain digital coin inspired by the extreme sport known as basejumping, as well as the cult meme Shiba Inu. On the first day of the presale, traders invested $200,000 in the asset, and a week later, the investment had surpassed $1 million.
Steaking activation and additional bonuses
One of the upcoming events in the Base Dawgz ecosystem is the launch of the steaking protocol. This way, pre-sale investors will be able to earn passive income.
Moreover, those who bought the coin in the early stages will earn an additional bonus retroactively if they contribute their tokens to the pool. This incentive will reward early adopters.
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Another difference with Base Dawgz is that it works on a variety of networks. The cryptocurrency’s original blockchain is Base, but transactions in Ethereum, Solana, Binance Smart Chain, and Avalanche are also supported.
The multi-chain nature of the new coin allows traders to trade DAWGZ on different exchanges, save on fees and make transfers faster. This approach increases the number of usage scenarios for the token and opens it up to the wider Web3 public.
With compatibility with multiple chains, DAWGZ could take a leading position in the meme-coin market. Some are calling it the next potential 100x meme coin on the Base chain. Many of the best cryptocurrencies from this niche have a dog theme. For example, Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and Floki (FLOKI).
Brett (BRETT), another popular meme coin on the Base chain, was worth $0.019 in March 2024. But currently, the price of BRETT has risen to the $0.143 level. Thus, the early investment in this asset has paid off. The value of the coin has increased 7.36 times the original amount. This rapid growth of Base Dawgz is exactly what investors looking to capitalize on the cryptocurrency are counting on.
Dawgz’s dedicated and energetic community will drive the growth in value
New cryptocurrencies need something to stand out in order to attract traders, so the developers integrated the Share-to-Earn protocol into their project. The mechanism allows followers of the coin to earn points by promoting DAWGZ on social networks such as X and Telegram. After the pre-sale ends, supporters of the ecosystem will be able to exchange their points for DAWGZ tokens!
A closer look at Base Dawgz suggests that the altcoin is a leading contender to conquer the meme coin market. The project combines a favorable asset value, staking rewards, compatibility with five blockchains, and the support of a growing community. In addition, these characteristics motivate investors to hold the cryptocurrency, which may favorably affect the DAWGZ exchange rate in the future.
Traders can join the project on X and Telegram to make sure they don’t miss the latest news. For more information and to participate in the presale, you need to go to the Base Dawgz website and connect your cryptocurrency wallet.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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