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Tim Hakki
Author
Tim Hakki
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Popular Solana meme coin DogWifHat ($WIF) has added a staggering 62.7% to its price over the last seven days to trade at a current price of $1.78. Its price has remained virtually unchanged in the last 24 hours.
That means this week DogWifHat is far outpacing cryptocurrency market leader, Bitcoin ($BTC). Over the same period, Bitcoin added 16% over the week but added shed 1.4% overnight to trade at $59,714 as of this writing.
It looks like the market is recovering well after Monday’s market-wide crash, many are wondering if a low-utility meme coin like DogWifHat will continue to have an edge in the market.
How WIF’s Price Outpaced All Other Doges This Week
This week, WIF is the best-performing meme coin among the top seven by market cap and the best-performing among the Big Five doge-themed coins.
Holders of the original meme coin Dogecoin ($DOGE) lagged behind with seven-day gains of 29.5%.
Dogecoin’s number one contender, the privacy-focused Shiba Inu ($SHIB), a meme coin which has its own Ethereum layer-2, Shibarium, added 25% over the period.
Pepe ($PEPE), the leading non-doge meme coin, rose 36% over the week, while Bonk ($BONK) and Floki ($FLOKI) both rose around 26%
Meanwhile, in the wider market, Ethereum ($ETH), the most commercially important cryptocurrency, outpaced Bitcoin with a 20% intraweek rise. The $SOL coin underlying DogWifHat’s home chain actually beat many meme coins this week with a 34% price rise.
According to DogWifHat’s price chart, the recent market crash almost sent the price of WIF down to a dollar before the coin began a sprightly rebound. It’s still far away from challenging its recent resistance level of $2.90, but with a relative strength index ($RSI) of 62, the token is priced in well right now, although if the heavy buying continues, it could become over-valued.
From DogWifHat To Base Dawgz, How Meme Coins Are Changing
Investors looking for an exciting Shiba Inu meme coin beyond the “Big Five” of Dogecoin, Shiba Inu, DogWifHat, Floki and Bonk could diversify their portfolios with new cross-chain meme coin Base Dawgz ($DAWGZ).
Like DogWifHat, Base Dawgz is another Doge-themed 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 over $2.9 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 and .
Base Dawgz also offers mouth-watering staking rewards of 881%, according to the presale website.
Buy in now to catch this potential stratospheric new meme coin at a fixed pre-launch price of $0.007414.
With multiple purchase options, including popular stablecoins like USDT and USDC, buying in is simple and secure.
However, there is just under a day 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 $WIF 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.
