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Dogecoin ($DOGE) fell below $0.10 yesterday, marking a six-month low; however, its decline has moderated following reports that a Federal court dismissed allegations that Tesla/X CEO Elon Musk manipulated the token’s price using X.
In the past 24 hours, the original meme coin Dogecoin ($DOGE) has gained 0.3%, but it has decreased by 4.2% over the week, currently trading at $0.1018.
With a 30-day decline of 19%, which is 16% more than Bitcoin’s ($BTC) drop, any additional losses are likely to keep $DOGE’s price confined between $0.08 and $0.1.
Dogecoin is close enough to $0.1 to potentially initiate a recovery. A rising relative strength index (RSI) score of 38 indicates some consistent buying momentum that may assist the price in rising. If this trend continues through the weekend, Dogecoin could begin next week by reclaiming $0.12.
Source: TradingView
Dogecoin’s $DOGE Leaps To Base DAWGZ, The Multi-Chain Meme Coin
With a market capitalization nearing $15 billion, Dogecoin remains the largest meme coin globally, though its technology is considered outdated, as it operates on a costly proof-of-work blockchain derived from Bitcoin.
This results in it inheriting two of Bitcoin’s drawbacks: significant energy consumption and limited smart contract functionality.
Investors interested in exploring the next wave of meme coins might look into the new cross-chain meme coin Base Dawgz ($DAWGZ), which is still in pre-sale.
Similar to Dogecoin, Base Dawgz is another Doge-themed meme coin, primarily based on Coinbase’s Ethereum Layer 2, Base, while also being compatible with Ethereum, Solana, BNB Chain, Avalanche, and Polygon.
How Base Dawgz is Taking Off
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$DAWGZ launched on June 4, attracting over $200,000 within minutes as investors rushed to acquire a multi-chain meme coin featuring staking and share-to-earn functionalities. To date, it has raised $3.2 million.
But what does share-to-earn mean? In simple terms, the token’s innovative marketing approach places community members at the heart of Base Dawgz’s promotional efforts, utilizing a share-to-earn system that rewards points for sharing $DAWGZ-related content on social media.
This fosters a more dedicated meme coin community compared to Dogecoin’s “Doge Army.”
Base Dawgz also provides attractive staking rewards of 734%, according to the presale website.
Invest now to seize this potentially soaring new meme coin at a fixed pre-launch price of $0.008582.
With various purchasing options available, including popular stablecoins like USDT and USDC, acquiring the token is straightforward and secure.
However, there are only five days left to buy the token before it increases to the next fixed presale price.
This means investors should act quickly if they wish to gain first-mover advantage on a meme coin that has the potential to outpace all other $DOGE competitors.
Join the Base Dawgz community on X and Telegram.
Visit $DAWGZ here
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