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The Base network sees a surge in memecoin trading; Base Dawgz raises 3.1 million in presale so far.
The Base network has experienced a significant uptick in memecoin trading in 2024, but it has revolved around Brett.
Brett’s market cap accounts for 80% of Base’s $1 billion memecoin sector valuation. However, Base Dawgz (DAWGZ) is emerging on the network, and some analysts think it could be the next Brett.
The project is currently undergoing a presale and has raised $3.1 million so far.
It will launch on exchanges in five days, at which point its price will transition from fixed to determined by supply and demand. Today, investors can buy DAWGZ for $0.008582.
Matthew Perry says that Base Dawgz might be the next Brett coin
In addition to Base, DAWGZ is available on Ethereum, Solana, BSC, and Avalanche. This presents a notable advantage over Brett and has unsurprisingly turned heads.
Brett and most other memecoins are available on just one blockchain. Lots of people are taking note, including Matthew Perry, an esteemed analyst with over 200K YouTube subscribers.
Perry said that “Base Dawgz might be the next Brett coin” in the title of his analysis.
He reasons that DAWGZ’s multichain availability means it can seamlessly capture attention, which is crucial in the meme coin sector.
“We see all these dog-themed tokens exploding, but we have gaps in success where people are waiting to see the next best place to purchase them,” explained the analyst.
He continued, “We see many created on Solana. First, there was lots on BSC, then you have a lot on ETH, and you also have some on Avalanche. But one place I see potential is Base chain.”
Perry underscored that Base memecoin activity is rising “but not fully saturated.”
But relating back to Base Dawgz, he says, “When the chains do become saturated, you want to move onto another place that could see that level of popularity – crypto is all about popularity.”
He concludes, “Base Dawgz will give us that level of popularity.”
Its multichain availability means Base Dawgz can continue capturing attention as it shifts between blockchains, which happens a lot in the meme coin sector.
Investors can generate noticeable returns by staking DAWGZ tokens
Base Dawgz has multiple utilities, but its staking mechanism is the most important. It bolsters the project’s supply and demand dynamics while rewarding community members.
DAWGZ holders can lock their tokens in the project’s smart contract for passive rewards, currently valued at a 736% APY.
These rewards will decrease as the staking pool grows, so those seeking to maximize their returns should begin staking as early as possible.
So far, 229 million DAWGZ tokens have been staked, which is almost half of the 590 million tokens that have been sold.
According to its website, 20% of DAWGZ’s total supply is allocated to staking. This is a dead-even split with its presale allocation, which is also 20% of the total supply.
The remaining tokens are allocated to marketing, DAWGZ rewards, and listings.
Community members can tap into the DAWGZ rewards pool by sharing the project on social media.
The team is calling this scheme “refer-and-earn.” Users will generate points by referring others to the presale. These points make them eligible for an airdrop that will take place when the presale ends.
For those yet to buy Base Dawgz, this is the last chance to get in at a fixed price. The presale accepts payments in ETH, SOL, AVAX, and BNB.
You can buy the presale by visiting the Base Dawgz website, connecting your wallet, and choosing the amount you want to buy and the crypto you wish to pay with.
To learn more about the project, visit the Base Dawgz presale website or join the community on X and Telegram.
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