Meme coins have turned green in the past 24 hours.
Brett (BRETT) on the Base chain has pumped over 17%, putting an end to its downtrend.
Meanwhile, dog-themed Base Dawgz (DAWGZ) is also in the spotlight and is nearing the $2 million mark in its initial coin offering (ICO).
BRETT Token Roars Back to Life with Bullish Surge
After a week of choppy trading, BRETT token is back.
The Base blockchain’s largest meme coin has surged in the past day, reaching $0.153.
This explosive move has erased most of the losses BRETT sustained earlier in the week.
Spot trading volumes have jumped 15% to $91 million as speculation ramps up.
Looking at the technicals, BRETT’s rally took off after rejecting support at $0.12 – a level that acted as resistance in the first week of June.
With today’s pump, BRETT has also pushed above the 50-period exponential moving average (EMA) on the 4-hour chart.
The next target could be $0.162 if the token can sustain this momentum.
That was the local high reached during BRETT’s previous pump over the weekend before profit-taking kicked in.
All in all, with BRETT now the sixth-largest meme coin by market cap, investors are once again paying attention to the token.
DOGE, SHIB, and PEPE Lead the Meme Coin Rebound
BRETT’s rebound is just one part of a larger meme coin resurgence.
After over a week of bearish price action, these tokens are back in the green, with DOGE, SHIB, and PEPE notching solid gains.
The rally could simply be them piggybacking off Bitcoin’s rebound from the $64,000 level.
But regardless of the catalyst, it’s providing a launchpad for meme coins to halt their downtrends.
Nowhere is this bullish energy more clear than on Coinbase’s Base chain.
This year, the Layer-2 scaling solution has become a breeding ground for new dog/cat/frog joke tokens.
Case in point – Base recently clinched a record for daily active users on DEXs at almost 270,000.
Meme coin activity has been the primary driver, with Uniswap on Base accounting for 85% of that figure.
So, while Solana was once the hottest meme coin chain, Base is closing the gap.
New Meme Coin Base Dawgz Has Everyone Talking with Multi-Chain Ambitions
While BRETT is in the spotlight, it may soon have to share the stage with Base Dawgz.
This multi-chain upstart has been rapidly gaining steam during its ICO, raising almost $2 million from investors in just a couple of weeks.
The recipe for DAWGZ’s rise seems to capitalize on the year’s wildest market forces.
First up is its theme – a Shiba Inu “Doge” dressed in a base-jumping suit that’s gone viral on Twitter.
Combine that with Base Dawgz’s multi-chain features, allowing it to span multiple blockchains, and you’ve got a meme coin that’s hitting all the right notes for traders.
There’s even a Share-to-Earn program rewarding the creation of Base Dawgz memes.
It’s a genius way for community members to receive more DAWGZ tokens through their social media savvy.
And so far, it’s working – over 3,600 people have followed Base Dawgz’s Twitter page.
A further 2,100 are active in the project’s Telegram channel
With the development team now raising funds rapidly, the focus has turned to DAWGZ’s planned DEX listing.
If history is any guide, meme coin projects that build hype before their open market debut tend to see massive price surges on launch day.
Of course, there’s no guarantee that Base Dawgz will be a success.
But with the Base chain gaining traction and meme coins bouncing back, the stars may be aligning for DAWGZ to become the next big thing.
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