Dogecoin Investors Flock to New Dogz Alternative on Base As DOGE Drops Below $0.1
Dogecoin fans and other crypto-savvy prospectors have poured over $3.2 million into a new multi-chain meme coin called Base Dawgz ($DAWGZ).
The news comes as the original meme coin Dogecoin ($DOGE) slips 4.2% in 24 hours down to $0.09959. The last time it was this low was February 28, six months ago.
Considering Dogecoin’s 30-day depreciation is 24%, or 10% heavier than Bitcoin’s ($BTC), any further losses will likely keep $DOGE’s price entrenched between $0.08 and $0.1.
Dogecoin is currently sailing close enough to $0.1 to mount a recovery. A falling relative strength index (RSI) score of 38 means the asset is closer to being oversold, so some overnight buying could likely bring $DOGE back above the dime. A good weekend will see Dogecoin regaining its late July highs of $0.14.
Old school meme coin fans are eyeing up the Base Dawgz presale. Some are even touting it the chain-hopping Dogecoin.
The $DAWGZ ICO currently offers 738% APY staking rewards and share-to-earn capabilities at a fixed presale price of three quarters of a cent, two factors that have prompted early HODLing from presale participants
$DAWGZ taps the potential of Coinbase’s powerful Ethereum Layer 2 Base chain, while leveraging the allure of the Shiba Inu meme avatar, a theme that has birthed five of the top 10 biggest meme coins.
After passing $2.9M raised, we're steadily on our way to 3M
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