Is this brand new basic meme coin the best way to hedge the collapse of the meme market?

Major meme coins such as Dogecoin, Shiba Inu and PEPE are falling. Meanwhile, investors are flocking to Base Dawgz in the ongoing DAWGZ presale.

For now, the meme coin boom led by BONK, PEPE, appears to be over. Traders are now preparing for an explosion that could wipe out millions.

There are telltale signs that all is not well.

DOGE, PEPE and the Top Meme coins crash

THE total market capitalization for meme coins it is $55 billion, down from about $65 billion last week.

Interestingly, all the top 10 meme coins, including DOGE, SHIB, PEPE, and WIF, posted double-digit losses in the last week of trading.

(CMC)

To quantify, WIF is down -25% over the past week, while FLOKI is down -30% over the same period.

BOME, DOG and MEME are also down around -30% over the last seven days.

Although DOGE and SHIB are the undisputed kings of meme coins, at least in terms of market capitalization, they have not been spared.

However, there are other pressing concerns in Dogecoin and Shiba Inu.

(SHIBUSDT)

Data from Santiment, a crypto intelligence platform, paints a worrying picture for the two largest meme coins.

Active addresses and trading volume in Dogecoin and Shiba Inu, key indicators of user activity, have been steadily declining in June.

This suggests a decline in interest among traders.

But in more optimistic news, the meme coin situation now has some investors wondering if a new entrant, Base Dawgz, could be the answer to their prayers.

DISCOVER: Best Solana Meme Coin to Buy in June 2024

Booming Dawgz Base, DAWGZ Pre-Sale Raises Over $1 Million

While other meme coins struggle, Basic Dawgz is booming.

DAWGZ pre-sale surpassed its initial goal of $600,000 just days after launch.

In the current pre-sale phase, each DAWGZ, the platform’s native token, changes hands for $0.00502. There are only five days left before prices rise.

Over 1 million dollars has been raised so far, thanks to what the meme coin offers, but above all due to its unique characteristics.

For example, Base Dawgz, unlike PEPE, is multichain. As a result, users can transfer the token to multiple blockchains, such as Solana, Ethereumand even Avalanche.

In addition to the flexibility of being multi-chain, the platform will offer staking with huge attractive rewards, an attractive feature for those looking to earn passive income. According to its tokenomics, 20% of the total supply was allocated for this purpose.

Base Dawgz’s early traction is undeniable, and investors who get there early can reap huge rewards.

Analysts, including YouTube influencers, are convinced that DAWGZ is another gem that will follow, or even surpass, PEPE or BOME in the long run.

Upon launch, expect the meme coin to rise at least 100x as Base Dawgz climbs the market cap rankings to dethrone the established meme coin giants.

BUY BASEDAWGZ HERE

TO EXPLORE: FLOKI price plummets as retail investors rush to trade for this other coin

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

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