As the Shiba Inu (SHIB) price consolidates above the multi-month lows it hit last week, its holders are eyeing an exciting new ICO meme coin called Base Dawgz (DAWGZ), as they hunt for a 100x profits.
The Shiba Inu price was last near $0.00001650, up 30% from last week’s lows under $0.000013.
But that still leaves it over 63% below its March highs at $0.000045.
And the meme coin is still trading substantially below its 200DMA, suggesting the bearish trend remains intact.
SHIBUSD / Source: TradingViewGiven bearish conditions, it’s no surprise that SHIB investors are eyeing up alternative investment opportunities.
One exciting meme coin that might be worth checking out is a new ICO called Base Dawgz.
The new Base meme coin is launching with exciting multi-chain bridging, or base jumping, capabilities.
The analysts at Cryptonews now rank Base Dawgz as one of the 15 best meme coins to buy in June.
Listen to Cryptonews.com’s in-house analyst Crypto Arjay’s bullish view on the coin.
Here’s why this new ICO could be one of summer’s best meme coin plays.
New ICO Base Dawgz (DAWGZ) – A 100x Gem?
DAWGZ is a base-jumping Shiba Inu that appears across the five most used blockchains (aside from Bitcoin): Base, Ethereum, BNB, Avalanche, and Solana.
Despite only launching a few weeks ago, investors have already sunk close to $2.5 million into DAWGZ. That’s a strong early sign that demand for the token is hot.
Congrats on hitting $2.4M in the presale, my fellow $DAWGZ!
And massive props to those staking and stacking those sweet rewards! pic.twitter.com/biYklwo6wC
— Base Dawgz (@BaseDawgz) July 9, 2024
DAWGZ is currently available at $0.0061, but that price will rise in just over 3, so potential investors better move quick!
And meme coin enthusiasts aren’t the only ones flocking to the coin.
DAWGZ has been attracting a lot of attention in Defi circles, since the token is also a passive income gem.
https://twitter.com/BaseDawgz/status/1808737443803238436
As per the meme coin’s official website, the current APY for presale investors who stake their tokens is 1,900%.
That means investors can 2-3x their initial investment in just a few weeks, prior to the token’s launch.
20% of the DAWGZ supply has been allocated to staking rewards, while an airdrop program will soon be announced.
The risk-reward for DAWGZ seems to be very good, ranking it amongst the best Base chain meme coins to buy.
Some analysts are even betting it could 100x, including YouTuber Crypto Boy and 99Bitcoins.
Check Out Base Dawgz Here
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