What is Base Dawgz?
Base Dawgz is a meme coin on Coinbase’s Base blockchain. The project brings adventure and innovation to Shiba Inu charm dressed for a base jumper. Base Dawgz is a layer-2 solution for the Ethereum blockchain & the native token is $DAWGZ.
What sets Base Dawgz apart is the freedom it offers. As a buyer, you have the power to switch between Base, Ethereum, Polygon, Avalanche, Solana, and BNB Chain without incurring any network fees.
Due to multi-chain facilities, Base Dawgz falls under the utility meme coin. Trending Base chain market could be a competitive benefit for $DAWGZ.
However, $DAWGZ bears significant risk due to meme coin features. In short, you will experience a hype-based price hike and then quickly fall.
Is Base Dawgz a 100x meme coin?
- Web3 Technology of $DAWGZ
Base Dawgz brings cutting-edge technology for better Liquidity and User Base. It’s Wormhole and Portal Bridge, which will allow users to access multi-chain functionality. Meme coin means hype and user benefit, which could be achievable through Web3.
Will the Web3 application help $DAWGZ become a 100x meme coin? I don’t think any single innovation could boost any type of meme coin. Every technological innovation has two sides: financial benefits and associated risks.
Base Dawgz will gain positive hype but also create fragmentation risk.
For example, Base Dawgz could have multiple liquidity pools for each chain & can lower overall liquidity.
The management of $DAWGZ has enough strategic plans to tackle such incidents because every crypto project has a vision. However, we can’t control or forecast others’ actions.
In short, $DAWGZ has the potential to surge, but expecting 100x seems bullish to me.
- Base Dawgz Presale
Presale is a mechanism to balance the priority of initial and public buyers. No presale mechanism guarantees profit, but up to 30% is suitable for meme coins. If you are a regular reader of my article, you know the reasons. I repeat the same line for new readers: “Presale under 30% ensures the project’s sustainability, i.e., the project doesn’t have a quick fund-raising tendency and then suddenly closes.
The whitepaper of Base Dawgz indicates 20% tokens for presale purposes, which suggests their long-term vision. Crypto is not an overnight gain, and it influences market sentiment. Every action has two opposite sides, and meme coin is not free from that. Base Dawgz could face dumping risk for limited presale allocation.
For example, many buyers could dump $DAWGZ after the Presale, which could drop the price. You may ask me how.
Look, crypto projects launch their Presale at a discount price. So, if the price hikes, they will sell and buy another coin.
An exception could happen if the project seems promising to buyers.
However, this is a matter of management, and we can’t be bullish on it. In summary, Base Dawgz’s presale tokenomics seem positive, but reaching 100x meme coins would not be easy.
Disclaimer
This is not a Sponsored post & the purpose of this article is only education. By reading this, you agree that the information of this blog article is not crypto investing advice. Do your own research before making any financial decision. Therefore, if you lost any money, FinanceIdeas.org will not be liable for this.
