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Tim Hakki
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Tim Hakki
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Popular Solana meme coin DogWifHat ($WIF) added as much as 8% in the early hours UTC when it rapidly advanced from $1.45 to $1.56.
However, its climb has now lost momentum. $WIF is down 1.3% in the last hour and 2.7% in the last 24 hours to its current price of $1.53.
Meme coin fans were hoping DogWifHat was on track to recover. Over the last 24 hours, the token has held its price a little better than its peers Pepe ($PEPE), which fell 3.1%, Bonk ($BONK) dipped 3.3%, Floki ($FLOKI) shed 3% and Brett ($BRETT) lost 4.2%.
By contrast, sector leaders Dogecoin ($DOGE) and Shiba Inu ($SHIB) both lost less than a percent of their value overnight.
The main obstacle inhibiting DogWifHat from recovery right now is its poor intraweek performance. $WIF lost 9.1% from its price this time seven days ago and performed worse than all the coins named above.
WIF Price Analysis – Here’s the Latest
According to $WIF’s price chart, the token is currently teetering above the psychologically important $1.50 support level it maintained throughout June and July.
The market crash in early August appears to have dragged overall support down, as highlighted by the diagonal green line.
Should $WIF continue to trade above $1.50, it would mean the token has found new support at this level. There is a moderate likeliness that there will be no further losses this weekend, thanks to DogWifHat’s healthy relative strength index (RSI) of 48.
From DogWifHat To Base Dawgz, How the Meme Coin is Changing
Nowadays, the fate of DogWifHat is tied closely to the “Big Five” doge-themed coins: Dogecoin, Shiba Inu, DogWifHat, Floki, and Bonk.
Meme coin fans wanting to explore some potentially headier upside could diversify their portfolios with the new cross-chain meme coin Base Dawgz ($DAWGZ).
Like Dogecoin, Base Dawgz is another Doge meme coin, this time its primary kennel is on Coinbase’s Ethereum Layer 2, Base, but it’s also compatible with Ethereum, Solana, BNB Chain, Avalanche and Polygon.
This makes it a multi-chain coin with exciting capabilities, unlike the more vanilla DogWifHat, a coin which investors only hold to exploit potential price rises.
$DAWGz launched on June 4, taking in over $200,000 within minutes as investors piled in to snap up a multi-chain meme coin with staking and share-to-earn capabilities. To date, it has raised $3 million.
But what is share-to-earn? Simply put, the token’s ingenious marketing strategy puts community members at the core of Base Dawgz’s marketing strategy, thanks to a share-to-earn system that pays out point rewards for sharing $DAWGZ-centric content on social media.
This incentivizes a more loyal meme coin community than $WIF.
Base Dawgz also offers mouth-watering staking rewards of 809%, according to the presale website.
Buy in now to catch this potential stratospheric new meme coin at a fixed pre-launch price of $0.0081733.
With multiple purchase options, including popular stablecoins like USDT and USDC, buying in is simple and secure.
However, there is just five days to purchase the token before it rises to the next fixed presale price.
That means investors better hurry if they want first-mover advantage on a meme coin that has the upward price potential to remove DogWifHat from the picture.
Check out the Base Dawgz community on X and Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
