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The much-hyped launch of Base Dawgz’s presale has caught the attention of meme coin enthusiasts, both retail investors and whales alike.
Indeed, it is rare for such new meme coins to already receive praise from smart-money traders. However, YouTube trading expert ClayBro – who has close to 130k subscribers – did not hesitate to claim that Base Dawgz could create future millionaires.
The token has already raised over $250k in its ICO in less than a day, potentially a sign of its high upside potential.
What is Base Dawgz?
Base Dawgz (Dawgz) is a new dog-themed meme coin on the Base blockchain.
Base meme coins are quickly emerging as the new meta, with the asset class already boasting a market capitalization of over $2 billion. With Coinbase looking to integrate the L2 chain into more of its services, Base’s valuation is expected to skyrocket.
Considering that Solana meme coins already have a market cap of over $10 billion, experts believe that Base meme coin investors are likely extremely early.
Base’s top token is Brett, which currently has a market cap of over $1 billion. Analysts expect Brett to remain one of the top-performing meme coins, which could draw attention to the high upside potential of other Base tokens such as $DAWGZ.
However, Brett is not a dog-themed token. In fact, none of the top 5 meme coins on Base belong to the doge genre. DAWGZ is aiming to change this fact and emerge as the next big meme coin on Base.
Despite DAWGZ being native to Base, it also boasts multi-chain status. In fact, the meme coin is live on Solana, Ethereum, BNB Smart Chain and Avalanche. This means investors can buy DAWGZ with ETH, BNB, SOL, USDT and AVAX during the presale.
Staking, Share-to-Earn Contribute to DAWGZ’s Strong Fundamentals
Floki’s recent success has highlighted the importance of strong fundamentals, even in meme coins. The Base Dawgz project also prioritizes this, as seen by its multi-chain status.
However, the developer team behind the token has also introduced a novel share-to-earn utility. It allows investors to share DAWGZ-related content on social media, be it memes, important updates, etc and earn free crypto for it.
Similarly, investors can create their own referral links from the Base Dawgz website. They will receive 10% of every presale investment made through their link.
Investors should not see this only as an opportunity to earn free crypto. The share-to-earn concept could be a game changer in increasing the meme coin’s brand awareness, which could provide a massive boost to its price.
Additionally, presale buyers can stake their holdings to earn additional passive income. They can expect the staking protocol to go live within the next few days. Investors are advised to follow the Base Dawgz X and Telegram accounts to keep up with the latest updates.
DAWGZ’s community-centric tokenomics also contributes to its strong fundamentals. No portion of its token supply is reserved for the developer team or any private sale. 20% of the tokens will be used up in the presale while the staking protocol and community rewards will receive 20% and 15% of the supply each.
The remaining tokens are allocated to the project’s marketing strategy, listings and token liquidity.
Finally, the Base Dawgz smart contract has been audited by SolidProof, which did not reveal any vulnerabilities or security risks.
Is Base Dawgz The Next 100x Meme Coin?
As previously mentioned, experts and smart-money traders are already bullish on DAWGZ.
In another instance, popular YouTuber Jacob Bury believes that Base Dawgz could potentially be the next 100x meme coin. Considering the demand for Base meme coins and the token’s strong fundamentals, his projection is not much of a surprise.
Investors currently have the opportunity to earn the maximum profits, considering that DAWGZ is at its lowest presale price of $0.00479. However, this price is set to increase by 5% in just over 5 days.
Interested buyers can visit the basedawgz.com website and use the over-the-counter widget to purchase the meme coin.
*Cryptonomist did not write the article or test the platform.
