Leading Base meme coin $BRETT exploded overnight, gaining 17% and nearly erasing its bearish streak over the past 7 days. It’s a strong signal for meme coin traders that the market’s momentum isn’t fading anytime soon.
That bodes well for meme coins broadly, and especially for new Base tokens that are vying to be the next $BRETT. One of these new meme coins, Base Dawgz, is backed by leading crypto analysts and could be the next Base meme coin to skyrocket.
$BRETT Falters, Then Quickly Erases Losses with Explosive Move
$BRETT, the largest token on Coinbase’s Ethereum Layer-2 network Base, has had a tumultuous week.
After hitting an all-time high of $0.1939 just 10 days ago, the token slumped nearly 40%. While some of that was due to traders taking gains in $BRETT—the token is up more than 120x since it launched in March—it was also related to weakness in the broader crypto market.
Bitcoin’s price slid after $BTC failed to break through resistance at $70,000 and traders across the market were skittish after the US Federal Reserve announced that interest rates would remain high for the rest of 2024. Both of these negative catalysts were reflected in sentiment around $BRETT, which saw reduced trading volume and significant outflows.
However, the bearish indicators in the broader crypto market haven’t been enough to hold this surging meme coin back. As $BRETT’s price fell, traders stepped in to buy up the undervalued token and send its price skyward once again. In the last 24 hours, $BRETT is up 20.5%, recovering half of the token’s losses over the past 10 days in a single upward movement.
The bullish move is still going strong, indicating that $BRETT could be headed to retest its all-time high by the end of this week. Trading volume is also up, to more than $90 million from less than $40 million earlier in the week.
Experts Point to New Meme Coin Base Dawgz as Next Potential $BRETT
$BRETT’s turnaround is a bullish signal for other Base meme coins, and crypto analysts have been quick to point out the potential of one token in particular: Base Dawgz.
Base Dawgz is a Base-built meme coin that’s holding an ICO simultaneously on Base, Ethereum, Solana, Avalanche, and Binance Smart Chain. So, it stands to benefit not only from gains in meme trading on Base, but also from tailwinds for the meme coin market overall. That puts the $DAWGZ token in an excellent position as traders pile back into meme coins in search of the next explosive token.
In fact, the Base Dawgz presale has been getting a lot of attention from traders. It’s sold more than $1.8 million worth of $DAWGZ tokens in the first 2 weeks of its presale and looks likely to sell out ahead of schedule.
The project has also generated its own hype with an innovative share-to-earn system. Traders who buy $DAWGZ can connect their social media accounts to the Base Dawgz presale platform, then earn points every time they reshare content from the Base Dawgz X account. Points can be redeemed for $DAWGZ tokens through an airdrop at the end of the ICO.
Crypto analysts like Jacob ‘Crypto’ Bury have singled out $DAWGZ as the meme coin with the most potential to take on $BRETT for the title of top Base meme coin. Other analysts have backed up that prediction—Crypto Boy called $DAWGZ the next 100x presale and Yellow Trades called it a “low-cap gem” with 100x potential.
During the presale, traders can buy $DAWGZ on Base, Ethereum, Solana, Avalanche, or Binance Smart Chain. The next price increase is just 5 days away, so now is the perfect time to join Base Dawgz and buy the next explosive Base meme coin.
