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With yesterday’s crypto market’s recovery, meme coins have rebounded, with Brett seeing a 38% soar to $0.01026. However, there’s been a drop since, with many meme coins losing value in the last 24 hours, including Brett, which went down by 4.44%
Despite this, Brett, the largest meme coin on the Base chain, is up by 19%, compared to its value on August 19th, and the new listing on Binance Futures may be the reason. Other tokens on the Base blockchain are experiencing similar struggles.
Meanwhile, investors on the lookout for the next big meme coin are eyeing Base Dawgz, a brand new Base token in its ICO with almost $3 million raised so far.
Brett Gains Support From the Largest Crypto Exchange
Yesterday’s announcement by Binance about the BRETT Perpetual Contract launch on Binance Futures fueled Brett’s sudden rise of 38%. The announcement revealed that BRETT futures will support up to 50x leverage, attracting numerous investors.
Amid the rise, Brett’s market cap nearly reached $1 billion, with 24-hour trading volume soaring by 126% to over $55 million.
#Binance Futures will launch USDⓈ-Margined $BRETT Perpetual Contract at
🗓️ August 20 2024, 10:35 (UTC)
Read more ➡️ https://t.co/PL9Cl0OX1m pic.twitter.com/8JOnCSN6oQ
— Binance Futures (@BinanceFutures) August 20, 2024
Brett has since faced a downward trend, with its market cap shrinking to $883 million and daily trading volume dropping by $2 million. However, the market-wide price reduction for many meme coins hasn’t discouraged crypto experts.
CryptoJack, a crypto expert and advisor with over 340,000 followers on Twitter, believes Brett is in for a bullish breakout following the support from Binance.
The price of $BRETT will break out of this triangle very soon.
I will be ready to enter a Long position as soon as a bullish breakout on #brett is confirmed. pic.twitter.com/dHNHDbWQ92
— CryptoJack (@cryptojack) August 20, 2024
Although the bulls aren’t in the clear yet, BRETT is showing significant promise, and this could be a good time to invest in it.
Other Base Chain Meme Coins Face a Downturn Post-Rebound
The Base chain meme coin space has seen several leading meme coins face a dip in the last 24 hours, including MOCHI, TOSHI, and BYTE, which struggle to break out of a red trend.
BYTE soared to $0.055486, a significant rise from its drop to $0.054916 on August 19th, but it’s now experiencing an 8.71% loss in the last 24 hours. Similarly, TOSHI saw a 4.94% decrease, while MOCHI lost 13.19%.
However, unlike BRETT, these Base chain meme coins haven’t seen a drastic rise during the sudden meme coin boom yesterday, reinforcing the beliefs of investors and experts in BRETT’s dominance on the Base chain.
Additionally, crypto experts believe Brett is set to take over decentralized finance (DeFi), with Jake Gagain reinforcing this outlook on the meme coin’s future.
$BRETT Is Officially Listed On @Binance Futures. @BasedBrett Is About To Take Over De-Fi! pic.twitter.com/Bwhaqw0KrF
— JAKE (@JakeGagain) August 20, 2024
However, with the leading Base chain meme coins struggling to enter a consistent green trend, analysts and traders shift their attention to an innovative Base chain meme coin project called Base Dawgz.
Experts Bullish on Base Dawgz as Presale Nears $3 Million Milestone
Base Dawgz (DAWGZ), a meme coin project on the Base chain, is about to pass its $3 million funding goal, with over $2.9 million already raised, and selling for $0.008173 each. The token employs an innovative refer-to-earn model, rewarding users for sharing content about DAWGZ on X (Twitter.)
Most investors are excited about Base Dawgz’s cross-chain technology, which aims to go beyond the Base chain to bridge the gap between networks. Utilizing Wormhole and Portal Bridge, Base Dawgz strives to allow seamless trading across networks like Ethereum, Solana, BNB, and more.
Additionally, Base Dawgz rewards early investors with an impressive APY by staking, currently at 809%. Base Dawgz set 20% of its total supply for staking payouts, which crypto experts describe as an opportunity nobody should miss.
Its Shiba Inu-inspired theme, a rewarding referral program, and a social network-based airdrop program bolster the upcoming token’s marketing, giving it a bullish outlook. DAWGZ also has a substantial following, with over 5,800 followers on X (Twitter) and 8,800+ on Telegram.
In a recent video, ClayBro, a crypto expert and trader with over 130,000 subscribers, described Base Dawgz as an upcoming meme coin that could explode quickly and commends its triple-digit APY by staking.
Base Dawgz Is Worth Accumulating! Do Not Miss This Opportunity!
With upcoming meme tokens garnering increasing attention from investors, experts believe Base Dawgz’s early presale phase and massive staking APY make it a worthwhile investment.
