The Base blockchain is buzzing with interest in meme coins again. Brett (BRETT) has been making headlines after its price shot up for two days straight. While investors digest this surprise rally, a new project, Base Dawgz (DAWGZ), is drawing attention for its potential to replicate BRETT’s success. BRETT Price Soars as Open Interest Trends […]
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Brett Surges Almost 20% as New Base Chain Meme Coin DAWGZ Hits $2M in ICO
The Base blockchain continues to grow – with two joke tokens making headlines this week.
Brett (BRETT), Base’s largest meme coin, has surged almost 20% in the past 24 hours.
Hot on its tail, newcomer Base Dawgz (DAWGZ) is also causing a stir, having raised over million since its ICO went live at the beginning of the month.
BRETT Bounces Back – Is This Just the Beginning?
BRETT is turning heads with its recent price action.
After a period of uncertainty, BRETT has bounced back, currently trading at .155.
Earlier today, the token even touched .162 before pulling back slightly, showing that it still has the potential to explode.
All of this bullishness came after BRETT rejected the .130 support level.
However, despite this rejection, the momentum seems to be slowing – suggesting that the initial excitement might be cooling off.
Zooming out, BRETT is still stuck in a range on the higher timeframes.
The 4-hour chart also showcases the token’s indecision, with the price unable to decide whether it wants to stay above or below the 50-period exponential moving average (EMA).
Despite this indecision, there’s no denying traders’ interest.
Spot volumes are up 53% since yesterday, showing that traders are paying more attention to BRETT.
BRETT has even leapfrogged Book of Meme (BOME) in the market cap rankings.
Why Are Investors Flocking to Base Meme Coins?
It’s not just BRETT making waves on the Base blockchain.
The entire Base meme coin market is surging, with its total value rising 10% to over billion in the past day.
Trading volumes are also on the up – now at 0 million.
While BRETT, DEGEN, and TOSHI continue to dominate the conversation, newcomers are quickly making their mark.
BENJI, for instance, has been rocketing up the charts, proving there’s always room for new players.
But what’s driving the meme coin mania on Base?
For starters, Base’s layer-2 architecture offers much lower transaction fees than Ethereum’s mainnet.
This makes it an attractive playground for developers and traders looking to capitalize on the demand for meme coins.
Add to that Base’s growing user base – now at over 500,000 daily active users – and you’ve got a recipe for viral growth.
Base total value locked (TVL) has also rocketed to .5 billion.
These figures show why Base has become a breeding ground for meme coins in 2024.
Could Base Dawgz be the Next Big Base Meme Coin?
Alongside BRETT, another Base meme coin is making headlines this week.
Base Dawgz has just sailed past the million milestone in its ICO, showcasing the enormous interest from retail investors.
Importantly, the buzz around Base Dawgz isn’t just because of its ICO success.
Social media platforms are also red-hot with chatter about this meme coin, with the project’s Twitter page now at 4,000 followers.
Most of the excitement is about DAWGZ’s multi-chain capabilities.
Imagine buying DAWGZ tokens on Base, quickly transferring them to Ethereum to take advantage of a new DeFi opportunity, and then zipping over to Solana to trade.
This is what the Base Dawgz developers have in mind.
Adding to the buzz is the project’s Share-to-Earn protocol.
It’s turning meme-making into a lucrative hobby, with community members earning points for creating and sharing DAWGZ-related content.
These points can later be exchanged for DAWGZ tokens – creating a self-fulfilling hype cycle.
Base Dawgz’s whitepaper has also caught the eye of investors.
It outlines plans for DEX listings, marketing pushes, and mysterious “community rewards.”
Ultimately, as the Base ecosystem grows, meme coins like Base Dawgz are perfectly positioned to benefit.
Whether DAWGZ will be the next BRETT is anyone’s guess – but it’s certainly ticking all the right boxes.
New Viral Meme Coin Base Dawgz Raises $1M as Crypto Expert Forecasts 10x Potential
Base Dawgz (DAWGZ), a brand-new multi-chain meme coin, has raised over million in its presale. And now, one prominent analyst is predicting that DAWGZ could 10x from its current price after listing on DEXs. Base Dawgz – The Multi-Chain Meme Coin with Staking Rewards So, what’s fueling Base Dawgz’s early momentum? It’s mainly down […]
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Friend.tech To Exit Coinbase L2 Base, Announces Migration To New Blockchain
The decentralized social network Friend.tech has unveiled plans to move from Coinbase’s Layer 2 blockchain Base to its proprietary network, Friendchain. This development will come as part of the platform’s collaboration with Conduit, a crypto infrastructure service provider.
When Will The New Friend.tech Blockchain Launch?
In a June 8th post on X, web3 social platform Friend.tech revealed its plans to create a new blockchain dubbed “Friendchain,” winding down its partnership with the Coinbase-incubated Base network. According to the announcement, Friendchain is a proprietary blockchain that will utilize the recently launched FRIEND token as a fully transferable gas token.
Although the decentralized platform’s team didn’t disclose a timeline for the network migration, the announcement did say that users will be kept abreast of relevant information “over the coming months.” It can be deduced from Friend.tech’s message that the Friendchain mainnet migration could take months.
We’re pleased to be working with @conduitxyz on Friendchain, our own blockchain that uses $FRIEND as a fully transferable gas token.
We’ll keep you up-to-date with all the info you need over the coming months as we build out this exciting new chapter. pic.twitter.com/HRa26vfFEX
— friend.tech (@friendtech) June 8, 2024
However, this development isn’t exactly a surprise, considering that the Friend.tech co-founder Racer had publicly expressed the desire to move the decentralized social platform off Base in late May. In a now-inaccessible post on X, Racer said about Friend.tech team’s shaky relationship with Base:
Farcaster investors went apeshit smearing us when we launched because they misunderstood what we were doing. Pushed it really hard on their team and users and the relationship has been downhill since then with us getting ostracized from anything that is for the ‘Base community.
Following its launch in August 2023, Friend.tech was quick to establish itself as one of the top decentralized applications (dApps) on the Base network. However, the social platform has seen user interest and engagement cool off in recent months.
FRIEND Rallies 17% After New Blockchain Announcement
After Racer hinted at a possible exit from Base, the value of the FRIEND token plunged by 20%. This somewhat compounded the unfavorable sentiment around the token after ITS largely “unsuccessful” airdrop in May.
This time around, though, the latest confirmation of “Friendchain” had a rather positive impact on the price of FRIEND. According to data from CoinGecko, the cryptocurrency jumped more than 17% following the recent announcement, reaching at some point.
As of this writing, the FRIEND token is valued at .93, reflecting an 8% price increase in the past day. However, this latest price spike has not been enough to wipe the token’s loss on the weekly timeframe.
New Base Chain Meme Coin Base Dawgz Raises $200K on First Day of Presale
Base Dawgz (DAWGZ), the new meme coin channelling the extreme thrills of base jumping, has come soaring out of the gates. This adrenaline-pumping token pulled in over 0,000 in the first 24 hours of its presale going live – and early investors are speculating that DAWGZ could be the next meme coin on the Base […]
Bitcoin News
Friend.tech Co-Founder Posts Bounty to Migrate Platform off Base
Racer, a co-founder of Friend.tech – a socialfi network – has posted a bounty of 0K for anyone bringing an implementation allowing the migration of its platform off Base, the Coinbase incubated rollup Layer 2. Racer declared: “System design bounty: If you can figure out a way to migrate friendtech off of Base without causing […]
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Base to Launch Online Hackathon With 200 ETH in Prizes, Sponsored by Stripe, Shopify, and More
Base, the Ethereum Layer 2 solution incubated by Coinbase, has announced the Onchain Summer Buildathon. The event, which runs from May 31st to June 30th, invites builders worldwide to showcase their skills in various onchain use cases, including payments, commerce, gaming, and social. The Buildathon offers 200 ETH in total prizes across eight sponsored tracks, […]
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Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base
President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining and the removal of surveillance-capable equipment, citing national security risks. […]
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Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi
Franklin Templeton, a global investment behemoth, has praised the development and growth of Base, the Coinbase-incubated Ethereum L2. On social media, the company declared that Base had “hit a home run” due to its popularity with meme coins and socialfi applications, including the pioneering app in the space, Friend.tech. Franklin Templeton Praises Base’s Performance, Comments […]
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Dogecoin Holder Base Reaches New Record Amid Surge In Interest
Dogecoin has soared toward a new record in one notable metric as interest in the meme coin continues to surge. This time around, the holder base of the cryptocurrency has reached a new all-time high, signaling rapid adoption among crypto investors.
Dogecoin Holders Cross 6.9 Million
The month of March has come with glad tidings for Dogecoin. Not only has the meme coin’s price risen tremendously this month, its holder base has also seen a lot of growth. This month, the total DOGE holder base crossed 6.9 million for the very first time, setting a new record. However, the meme coin is not anywhere near done as the number continues to rise.
According to data from the Coincarp website, the number of Dogecoin holders on the mainnet has reached 6,932,763 as of March 28. Given the growth rate of the number of holders over the last month, the number could cross 7 million before the month of March is over.
This new record is a testament to the adoption that DOGE has witnessed over the last few months. Despite competitors such as BONK, PEPE, and WIF springing out of the woodwork, as well as its fiercest rival, Shiba Inu, continuing to put up a fight, Dogecoin has dominated as the leading meme coin.
To put this growth in perspective, the DOGE holder base started out the year 2024 with around 6.06 million holders. Three months later, it is more than 6.9 million, meaning that the holder base grew more than 14% during this time.
DOGE Outlook Continues To Be Bullish
In addition to the rapid rise in Dogecoin holders, there has been a notable uptick in other metrics, such as daily transaction counts, whale transactions, and age consumed. These point to a rise in bullish sentiment among investors who expect the price to keep going up.
The age consumed is particularly important here since it shows that more investors are choosing to hold their DOGE tokens for the longer term. This has significantly reduced the selling pressure on the meme coin, allowing it to rally at a time when most of the crypto market remains suppressed.
Another metric that has shown a significant increase is the daily transaction volume which is up almost 50% in the last day. This uptick shows more interest in trading Dogecoin and with its price surging in the last day, it suggests that the majority of this volume is skewed toward buying rather than selling.
The DOGE price is currently reflecting this surge in interest as its price is up almost 10% in the last day. However, the bears continue to maintain resistance around .2, forcing the meme coin back downward.