A number of meme coins are catching fire today.
Dogwifhat is a top gainer up 10% – but new contender Base Dawgz is also showing strength.
WIF Soars as SOL Trumps Other Top Cryptos
The large-cap cryptos are at a standstill today, with many hovering around breakeven.
But that’s not the case for Solana, which has climbed over 3% today.
Yet it’s Dogwifhat that bulls are scrambling for.
As Solana’s largest meme coin, it’s where a lot of liquidity flows when the market gets risk-on.
And with talks of a Solana ETF in the pipeline, the timing couldn’t be better for traders to increase their Solana risk appetites.
It has been a big boon for the Dogwifhat price, which is up 10% today.
Currently trading at $2.75, the dog-themed token is also up a staggering 51% this week.
That makes it the second best performing top-10 meme coin this week, outpacing all its peers except MEW, which is another Solana-based meme coin.
Excitement is also building about WIF on social media.
Let’s start with DeFi Man, who highlighted that spot buyers are piling into WIF.
According to the analyst, this indicates that WIF will push beyond $3, provided market leader Bitcoin holds up.
And on a higher time scale, esteemed trader Bluntz is bracing for a rally toward $12.
He predicts a bumpy ride on the way up, with numerous brief pullbacks. Nevertheless, Bluntz anticipates WIF will reach the target by November.
As mentioned, fellow Solana-based meme coin MEW has also outperformed the market.
MEW is a cat-themed token and the largest of its kind on Solana.
Its price is up by a staggering 125%.
While it has been a triumphant week for both WIF and MEW, there is a new dog on the Solana circuit ready to cause a stir.
It is a multichain token called Base Dawgz, and the project has utilities that provide an upper hand over other Solana meme coins.
Is Base Dawgz The Next Meme Coin to Explode On Solana?
While retaining a fun dog-themed allure similar to Dogwifhat, Base Dawgz brings something totally new to Solana.
It’s a multichain meme coin with numerous utilities.
The project is available across Solana, Base, Ethereum, BSC, and Avalanche.
So while Dogwifhat and MEW have benefited from SOL’s bullish outlook, Base Dawgz stands to benefit no matter which chain takes the spotlight.
And with Ethereum ETFs launching shortly, there’s a solid chance ETH memes will pump next. Indeed, Base Dawgz will still be able to grow.
Then you have its utilities.
First off is refer-and-earn. This is where users enter a token airdrop by referring others to the presale.
There is also a staking mechanism that lets users lock up their $DAWGZ for passive rewards.
Staking currently provides a 1,200% APY, but this will decrease over time.
All of this makes Base Dawgz highly desirable, and many analysts are bullish.
For instance, ClayBro says that $DAWGZ could 10x.
Amid analyzing the crypto market sentiment, ClayBro said, “As the market enters extreme greed, tokens like Base Dawgz will soar in value.”
And here’s the good news: Base Dawgz is available in its presale.
It has raised $2.6 million so far and is currently priced at $0.006405.
However, the price will rise throughout the campaign so potential buyers should move quickly.
