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Base blockchain technology continues to grow – with two teaser tokens making headlines this week.
BRETT, Base’s largest meme coin, is up nearly 20% in the past 24 hours.
Newcomer Base Dawgz (DAWGZ) has also made waves, raising more than $2 million since launching its initial coin offering (ICO) at the beginning of the month.
Brit bounces back – is this just the beginning?
BRETT is turning heads with its recent price action.
After a period of uncertainty, Britt is active again. It is currently trading at $0.155.
Earlier today, the token reached $0.162 before pulling back slightly, showing that it still has the potential to explode.
All of this upside came after BRETT rejected the $0.130 support level.
However, despite this rejection, momentum appears to be slowing – suggesting that the initial excitement may be cooling down.
Zooming out, BRETT is still stuck in a range on higher time frames.
The 4-hour chart also shows the token’s hesitation, with the price unable to decide whether it wants to stay above or below the 50-period Exponential Moving Average (EMA).
Despite this hesitation, there is no denying traders’ interest.
Spot trading volumes are up 53% since yesterday, showing that traders are paying more attention to BRETT.
Brett even has it jump Book of Meme (BOME) market cap rankings.
Why are investors flocking to major Meme coins?
It’s not just BRETT making waves on the underlying blockchain.
complete Base coins market Its total value rises by 10% to more than $2 billion in the past day.
Trading volumes have also risen – now standing at $140 million.
While Brett, Degen, and Toshi continue to dominate the conversation, newcomers are quickly making their mark.
For example, BENJI has skyrocketed the charts, proving that there is always room for new players.
But what’s driving Base’s meme-currency craze?
For starters, Base’s layer-2 architecture offers much lower transaction fees than the Ethereum mainnet.
This makes it an attractive playing field for developers and traders looking to capitalize on the demand for memecoins.
Add to that growing user base – now at Over 500,000 daily active users – and you have a recipe for viral growth.
Total underlying value locked (TVL) has also skyrocketed To 1.5 billion dollars.
These numbers show why Base will become a fertile ground for meme coins in 2024.
Could Base Dawgz Be the Next Big Base Meme Coin?
Besides BRETT, another memecoin is making headlines this week.
Dawgs base It has just crossed the $2 million mark in its initial coin offering (ICO), showing massive interest from retail investors.
Importantly, the hype around Base Dawgz is not just due to the success of its initial coin offering (ICO).
Social media platforms are also filled with chatter about this meme and project Twitter page Now at 4000 followers.
Most of the excitement revolves around DAWGZ’s multi-chain capabilities.
Imagine purchasing DAWGZ tokens on Base, quickly transferring them to Ethereum to take advantage of the new DeFi opportunity, and then moving to Solana to trade.
This is what the developers of Base Dawgz had in mind.
Adding to the hype is the project’s Share-to-Earn protocol.
It turns meme making into a lucrative hobby, as community members earn points for creating and sharing DAWGZ-related content.
These dots can later be exchanged for DAWGZ tokens – creating a self-fulfilling noise cycle.
Dawgs base White papers It also caught the attention of investors.
It explains plans for DEX menus, marketing pushes, and mysterious “community rewards.”
Ultimately, as the Base ecosystem grows, meme currencies like Base Dawgz are perfectly positioned to benefit from it.
Whether DAWGZ is the next iteration of BRETT is anyone’s guess, but it certainly ticks all the right boxes.
