BRETT Falls Over 10% as Some Traders Switch to New Base Meme Coin DAWGZ

The meme coin rollercoaster on Coinbases Base chain just took another turn.

Brett (BRETT) has tumbled over 10% in the past 24 hours, leaving traders scratching their heads.

But while BRETT investors are feeling the blues, another contender continues to perform well Base Dawgz (DAWGZ).

BRETT Token Dips, But Is It a Buying Opportunity?

BRETT, the biggest meme coin on the Base chain, has taken a hit in the past day.

Its now trading at $0.141, a drop of over 10% from yesterdays high.

BRETTs drop was even steeper earlier, reaching a 13% decline before a slight recovery.

Trading activity has also cooled.

Spot trading volumes are down 23% to $49.1 million.

This has been triggered by rejecting the $0.158 resistance level, which formed a bearish double-top pattern on the one-hour chart.

However, zooming out paints a different picture.

The daily chart suggests a bull flag may be forming, hinting that BRETTs dip might be temporary.

This conflicting technical analysis has left traders and analysts divided on the tokens prospects.

As with all meme coins, volatility like this is par for the course.

While some investors are feeling the heat, others are viewing it as a potential buying opportunity before the next leg up.

Base Chain Meme Coin Mania Shows No Signs of Slowing

Despite BRETTs stumble, the Base chain has been on a tear in 2024.

Coinbases layer-2 solution has become a hotbed for crypto activity, with its Total Value Locked (TVL) rocketing to $7.2 billion.

That makes it the second-largest layer-2 network in the world.

But its not just about the money thats locked in.

Base processes transactions at a breakneck speed, leaving even Ethereum in the dust.

Were talking over 50 million monthly transactions compared to Ethereums 37.9 million.

And with Daily Active Users (DAU) consistently topping 500,000, its clear that Base isnt just a flash in the pan.

This explosive growth hasnt gone unnoticed by meme coin creators.

With its Coinbase pedigree, lightning-fast transactions, and low fees, Base has become the go-to for the next wave of joke tokens.

The success of tokens like BRETT has only fueled further interest and activity on the Base chain.

In fact, at the time of writing, the total market cap of all Base chain meme coins has passed $1.9 billion.

Although BRETT is by far the largest, the conditions are there for another meme coin to reach similar heights.

Base Dawgz Presale Heats Up Next Big Meme Coin on the Base Chain?

While BRETTs taking a breather, another dog-themed token is doing well.

Enter Base Dawgz a new Base meme coin thats got investors buzzing.

Despite BRETTs tumble, investors are still piling into Base Dawgzs presale, which has already fetched $1.9 million in just a few weeks.

So, whats got everyone so excited about this project?

For starters, DAWGZ isnt just another no-utility meme coin.

Its got some serious multi-chain ambitions.

Imagine youre a DAWGZ holder, but you spot an opportunity to earn a yield on Solana.

That wouldnt be a problem with Base Dawgzs multi-chain architecture, you can bridge from Base to Solana in seconds.

But thats not all.

Base Dawgzs team has a clear focus on community, as evidenced by the Share-to-Earn program, which rewards people who create and post DAWGZ memes on social media.

Theres even a presale referral scheme that offers a 10% commission (paid in USDT).

And for long-term holders, theres a staking protocol in the works, promising regular passive income.

However, Base Dawgz is still in its presale phase, so these features arent yet accessible.

DAWGZ tokens are available for just $0.00527 each, and purchases are accepted in ETH, SOL, BNB, AVAX, and USDT.

Combine that low price with the growing buzz in the projects Telegram channel, and theres a case to be made that DAWGZ could be the next big Base meme coin.

Visit Base Dawgz Presale

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