Dogecoin Investors Turn to New Dogz Alternative on Base as DOGE Falls Below $0.1

Dogecoin enthusiasts and other crypto-aware investors have invested over $3.2 million into a new multi-chain meme cryptocurrency known as Base Dawgz ($DAWGZ).

This development arrives as the original meme cryptocurrency Dogecoin ($DOGE) experiences a 4.2% decline over the past 24 hours, dropping to $0.09959. The last time it reached this level was on February 28, six months ago.

With Dogecoin’s 30-day decline at 24%, which is 10% steeper than Bitcoin’s ($BTC), any additional losses are likely to keep $DOGE’s price confined between $0.08 and $0.1.

Currently, Dogecoin is hovering close to $0.1, suggesting a potential recovery. A declining relative strength index (RSI) score of 38 indicates that the asset is nearing oversold territory, so some buying activity overnight could likely push $DOGE back above the ten-cent mark. A favorable weekend could see Dogecoin reclaiming its late July peak of $0.14.

Dogecoin Enthusiasts Are Engaging with Base Dawgz

Longtime meme coin supporters are taking notice of the Base Dawgz presale, with some even referring to it as the chain-hopping Dogecoin.

The $DAWGZ ICO currently provides 738% APY staking rewards and share-to-earn features at a fixed presale price of $0.0075, two aspects that have encouraged early HODLing from presale investors.

$DAWGZ leverages the capabilities of Coinbase’s robust Ethereum Layer 2 Base chain while also capitalizing on the popularity of the Shiba Inu meme avatar, a motif that has given rise to five of the top 10 largest meme coins.

After surpassing $2.9M raised, we’re steadily on our way to 3M pic.twitter.com/JbZUMgF8yd

— Base Dawgz (@BaseDawgz) August 13, 2024

Base is quickly becoming an appealing platform for launching the next generation of meme coins.

So far, the meme coins on this chain have achieved a combined market capitalization exceeding $1.09 billion—not insignificant for a network that is still under a year old and has recently navigated a market-wide downturn.

However, while $DAWGZ’s primary base is on Base, its influence extends beyond the Layer 2. Inspired by the concept of ‘base jumping’, $DAWGZ is designed to be interoperable across multiple chains. Currently, $DAWGZ is compatible with Ethereum, Solana, BNB Chain, Avalanche, and Polygon.

Base Dawgz: A Multichain Meme Phenomenon with Share-To-Earn and Staking Rewards

So, how does the share-to-earn feature of Base Dawgz function? It’s straightforward. Community members and token holders are central to Base Dawgz’s meme-focused marketing approach.

Through its innovative share-to-earn system, users are motivated to disseminate Base Dawgz content on social media. This activity earns them points within the token’s rewards framework. These points can then be exchanged for $DAWGZ coins.

Additionally, referrals can also generate income. By clicking on the ‘refer and earn’ button on the homepage and linking your wallet, you can create your referral link. All referrers will receive 5% of the amount contributed by their referees.

Moreover, Base Dawgz currently provides staking rewards of 738% APY for participants who stake during the presale, although this rate is variable and decreases as the number of stakers and the total amount staked increase.

Invest now to seize this potentially soaring new meme coin at its lowest pre-launch price of $0.008173.

With various purchasing options available, including popular stablecoins like USDT and USDC, the buying process is straightforward and secure.

However, investors have less than 24 hours to acquire the token before it incrementally increases to the next fixed presale price.

In summary, $DAWGZ is currently the most talked-about new doge-themed meme coin presale.

With staking rewards and a marketing strategy that effectively compensates fans for their promotional efforts, it is revitalizing the Shiba Inu meme coin concept as an auto-marketing, chain-jumping, community-building platform for potentially significant returns.

Don’t miss out on the chain-hopping Dogecoin – join the Base Dawgz community on X and Telegram.

Buy Base Dawgz Here

The post Dogecoin Investors Flock to New Dogz Alternative on Base As DOGE Drops Below $0.1 appeared first on Cryptonews.