The meme coin market is heating up this week, with multiple tokens in the top 10 meme coins posting double-digit gains. $BRETT and $FLOKI are leading the way with returns of 9.0% and 10.8%, respectively, in the past 24 hours alone.
At the same time, new meme coins are getting a rush of enthusiasm as well. New Base meme coin Base Dawgz just raised $3 million in its ICO and analysts are making bullish predictions about its launch.
Let’s dive deeper into the meme coin market.
Top Meme Coins Rally, Ending August Bear Market
It’s not just $BRETT and $FLOKI that are posting gains this week. All of the top 15 meme coins by market cap are in the green over the past 24 hours, and 8 of the top 10 have posted gains over the past 7 days.
That’s an impressive turnaround considering that just last week, the meme coin market was hemorrhaging value. The meme coin sector fell from a market cap of $52 billion in late July to just $36 billion over the weekend.
Most major meme coins remain down between 15% and 30% since the bear market began in late July, so there’s a long recovery ahead. But the good news for traders is that all signs are pointing to sustained momentum.
$FLOKI, for example, has seen its trading volume double in the past 24 hours, while sentiment and momentum indicators are clearly bullish. $BRETT saw its volume spike to $100 million on Tuesday compared to less than $17 million the day before.
In another bullish sign for the meme coin market, leading crypto exchange Binance just listed Solana token Popcat. $POPCAT is up 33% in the last 24 hours of trading, and its chart is still pointed skyward.
With the US Federal Reserve poised to lower interest rates in September, there could be more gains on the horizon for the meme coin market. Some traders are even predicting that top meme coins could recover all of their losses from the last few weeks and push to new all-time highs after the rate cut.
Chain Hopping Meme Coin Base Dawgz Raises $3M, Analysts Predict 10x Gains
As hype builds around the meme coin market, one new token is poised to take advantage. Multi-chain meme coin Base Dawgz has raised nearly $3 million in its ongoing presale and is building a massive, devoted community of $DAWGZ token holders.
Base Dawgz is perfectly positioned to benefit from gains in the meme coin market because it’s available on all of the meme trading blockchains. $DAWGZ is simul-launching on Ethereum, Solana, Base, Binance Smart Chain, and Avalanche and will be available for trading across all 5 chains.
That means traders from across the meme coin ecosystem can jump into $DAWGZ once it hits decentralized exchanges, creating a huge surge in demand that could send the price soaring. In addition, $DAWGZ has the potential to be a key token for blockchain interoperability, making it easier than ever for meme coin traders to hop between networks.
Base Dawgz is also generating excitement with an airdrop for supporters. Token holders who retweet content from the Base Dawgz X account can earn points towards the $DAWGZ airdrop, increasing their holdings ahead of the launch.
In addition, early investors in the $DAWGZ presale can stake their tokens to earn an incredible 805% APY. That’s an opportunity for passive income that few meme coins can match.
So, it’s no wonder that analysts like Crypto Boy and Jacob Bury are calling Base Dawgz the next 100x meme coin.
The Base Dawgz presale is offering $DAWGZ now at a discounted price of $0.008173, but the next price increase is just a few days away. Don’t miss this chance to buy one of the most explosive new meme coins just as a new bull cycle is starting.
