Shiba Inu ($SHIB), the popular dog-themed cryptocurrency, is experiencing a notable price surge alongside the broader crypto market. Currently trading at $0.0000185, SHIB has risen by 6.72% in the past 24 hours, marking its fifth consecutive day of gains.
This uptrend follows a rebound from Friday’s low of $0.00001578, bringing SHIB to a nearly three-week high. Despite facing significant resistance, SHIB could potentially see a 50% upside if it breaks past key levels.
Shiba Inu Daily Chart Source: CoinGeckoIn this context, Shiba Inu holders increasingly diversify their portfolios, seeking high-potential returns from new ICOs.
One promising project catching their attention is Base Dawgz ($DAWGZ), a meme coin that aims to revolutionize the crypto space with its multi-chain compatibility and innovative features.
Base Dawgz: The Next Big Meme Coin
Base Dawgz, inspired by the adventurous spirit of base jumping and the cultural phenomenon of the Shiba Inu meme, offers a unique multi-chain experience.
Initially, $DAWGZ was built on the Base Chain. $DAWGZ is also tradable on Ethereum, Solana, Binance Smart Chain, and Avalanche, ensuring seamless interoperability across multiple blockchains.
This cross-chain functionality is powered by Wormhole and Portal Bridge technology, allowing users to transfer funds easily between different networks.
Base Dawgz’s presale has been a significant success, driven by its innovative technology and strong community focus. The project has raised over $2.5 million, with the next price increase looming in less than four days.
Investors can purchase $DAWGZ using ETH, USDT, USDC, BNB, BUSD, SOL, and AVAX across various blockchains, enhancing accessibility.
Currently, $DAWGZ is priced at $0.0061, with early investors enjoying an attractive Annual Percentage Yield (APY) of 3597%, which promises substantial rewards through staking.
Moreover, as announced recently, Base Dawgz is actively working on enabling staking on Solana, a move that the community has highly requested. The team is addressing the complexities posed by the project’s cross-chain nature but is committed to providing this functionality soon.
Quick update from the $DAWGZ team
We’ve heard your questions about staking on Solana. We’re actively working on it and brainstorming solutions. Due to BD’s cross-chain nature, it’s a bit complex, but we’re on it!
— Base Dawgz (@BaseDawgz) July 10, 2024
This announcement has further fueled investor interest, as staking on Solana will offer additional opportunities for earning rewards.
The tokenomics of $DAWGZ are designed to support a robust and sustainable ecosystem. The distribution is well-balanced, with significant allocations for presale, staking, liquidity, marketing, $DAWGZ rewards, and listings. This strategic allocation ensures the project’s long-term growth and stability, making it an attractive option for investors.
Unique Features of Base Dawgz
Multi-Chain Compatibility: Base Dawgz leverages the Base Chain, Ethereum, Solana, Binance Smart Chain, and Avalanche, providing users flexibility and interoperability across these major blockchains. Wormhole and Portal Bridge Technology: This advanced technology allows users to transfer funds between different blockchains easily, offering the advantage of choosing the best chain for specific transactions, whether for speed, cost, or functionality. High Staking Rewards: With an APY of 3597%, early investors can earn substantial rewards through staking. The project has set aside 1.69 billion $DAWGZ tokens (20% of the total supply) for staking rewards, distributed at 192,000 $DAWGZ per hour for a year. Strong Community Engagement: Base Dawgz encourages community participation through its social rewards program. Users earn points by sharing content about Base Dawgz that can be exchanged for $DAWGZ tokens. Robust Tokenomics: The strategic allocation of tokens ensures balanced growth and sustainability. The project has dedicated 20% to presale, 20% to staking, 20% to liquidity, 15% to marketing, 15% to $DAWGZ rewards, and 10% to listings.
New ICO Base Dawgz (DAWGZ) – A 1000% Gain Gem?
Given the current market dynamics and Base Dawgz’s innovative features, the token shows substantial growth potential.
If the project continues its current trajectory, reaching significant milestones and maintaining high community engagement, $DAWGZ could see substantial price appreciation.
As Base Dawgz integrates further with major blockchains and gains broader recognition, the price of $DAWGZ could increase tenfold.
Analysts predict that with its robust technological foundation and strong community support, $DAWGZ might reach $0.061 in the near term, reflecting a 1,000% gain from its current presale price.
Furthermore, the association with Coinbase, which developed the Base blockchain, enhances Base Dawgz’s credibility and market reach. This connection could facilitate listing on major exchanges, further driving demand and price growth.
As the cryptocurrency market turns bullish, with major coins like Bitcoin, Ethereum, and Solana seeing significant gains, meme coins also benefit. Base Dawgz is positioned to capitalize on this trend, potentially becoming the next big meme coin on the Base blockchain.
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 give 1000% profit, including YouTuber Crypto Boy and 99Bitcoins.
Check Out Base Dawgz Here
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