SHIB Down 17% But This New Doge-Inspired Meme Coin Crosses Million Dollar Milestone – Can Base Dawgz Defeat Shiba Inu?

The crypto market is currently experiencing a significant downturn, with all major coins trading in the red. This widespread decline has impacted various cryptocurrencies, particularly Shiba Inu and other dog-themed coins.

Shiba Inu has seen substantial drops in value, trading 15% lower than its price just a week ago. This sharp decline highlights the bearish zone the market is currently in.

However, one should not lose hope because it is still possible to make profits. This new pre-sale project has the potential to skyrocket your wallet – Base Dawgz ($DAWGZ).

Let’s see the details below.

COLLECT YOUR $DAWGZ TOKENS EARLY AND MAXIMIZE YOUR RETURNS!

The Shiba Inu has seen a notable drop in price, remaining in the red for seven consecutive days. This decline is part of a broader downward trend affecting the entire cryptocurrency market, influencing many digital currencies, including Shiba Inu.

One factor is that there have been significant transfers of SHIB tokens by whale accounts, those that hold large amounts of cryptocurrency.

These large movements often signal potential sales, as these account holders could withdraw their holdings. Such sell-offs may put additional downward pressure on prices, contributing to the decline.

Furthermore, another key reason for this trend is the reduction in trading volume of SHIB, indicating a decline in market activity and a decline in investor interest. When trading volumes decrease, it generally means that fewer transactions are taking place, which can negatively impact the price as market momentum weakens.

Adding to these challenges is the increase in the number of fraudulent websites claiming to be the official Shiba Inu website. These scams aim to steal user funds, thereby creating more uncertainty and fear among investors. This fraudulent activity not only affects the confidence of existing investors, but also deters potential new investors from entering the market, thereby adding to the volatility and instability of the SHIB price.

Despite all this, the new Base Dawgz ($DAWGZ) project is thriving and it promises to surpass Shiba Inu once launched.

Let’s see it below.

DON’T MISS BASE DAWGZ – THE NEXT BIG THING IN CRYPTO!

Base Dawgz ($DAWGZ) is an innovative dog-themed project with multi-chain capability. Although its main blockchain is Base, it also works on Ethereum, Solana, Binance Smart Chain and Avalanche.

This multi-chain approach significantly improves the scope and utility of the project, allowing users to benefit from the strengths of multiple blockchains.

One of the major benefits of this interoperability is increased flexibility for users. They can choose the blockchain that best meets their needs, whether it’s lower transaction fees, faster processing times, or superior security features. This flexibility not only expands the potential user base, but also makes the platform more resilient to blockchain-specific issues.

Additionally, multi-chain compatibility improves the scalability of the project. As Base Dawgz can run on different blockchains, it can handle higher transaction volume without suffering from congestion, ensuring smoother and faster operations. This makes the platform more attractive to both individual investors and institutional users.

Base Dawgz has already seen significant success since launching its ICO on May 30, raising over $1.2 million in funds. At the time of writing, the $DAWGZ token is priced at $0.00502 per token. This price is expected to increase as the presale progresses through its phases, with each phase leading to higher prices.

SECURE YOUR $DAWGZ TOKENS TODAY FOR MASSIVE Staking REWARDS!

The Base Dawgz project introduced a unique Share2Earn model, setting it apart from other initiatives. With this model, users who regularly create and share content related to Base Dawgz are rewarded with points. These points can then be exchanged for $DAWGZ tokens, creating a direct incentive for active participation.

This approach not only improves community engagement, but also solidifies the base of support for the project. It effectively serves as a marketing tool, as the increasing amount of content shared helps raise awareness of Base Dawgz.

Currently, Base Dawgz has over 3,000 followers on X (formerly Twitter) and 1,600 followers on Telegram. These numbers are expected to increase significantly as the presale continues, thanks to the Share2Earn model’s ability to increase visibility and attract new users.

The team behind Base Dawgz maintains an active social media presence, regularly posting updates on plans, events and milestones. This consistent communication keeps the community informed and engaged, fostering a feeling of connection and involvement.

The success of the project can also be attributed to its simple and transparent symbolism. Of the total supply of 8.45 billion tokens, 20% is allocated for pre-sale, another 20% for staking, 20% for liquidity, 15% for marketing, 15% for $DAWGZ rewards, and 10% for registrations. This clear distribution plan ensures that the project is well funded and that there are incentives for all stakeholders involved.

BUY $DAWGZ NOW AND JOIN THE MULTI-CHANNEL REVOLUTION!

The crypto market is not looking great as all coins are facing issues with their prices falling over the last 7 days.

Although many investors were hoping for an uptrend, all of these factors indicate that we are at the start of a very undesirable bear market.

Dog themed coins are seeing the worst right now, particularly Shiba Inu which has fallen massively in value over this period.

Despite all this, there are still significant profits to be made with this niche. The new pre-sale Dawgz ($DAWGZ) base has the potential to offset any losses.

With its multi-chain technology, Share2Earn features and an already promising presale, it is a must-have for all investors!