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The post Meme Coin Prices Rebound As Dogwifhat, Brett See Gains appeared first on Coinpedia Fintech News
As crypto prices regain momentum, meme coins like Dogwifhat and Brett are seeing significant gains.
Dogwifhat is leading the way with an 8% pump today, but Brett is also showing strength.
Analysts Call For Further Gains As WIF and Brett Surge
The recent bounces could mark the bottom after months of selling pressure for Dogwifhat and Brett.
WIF is currently trading at $1.58, up 8.8% today, but it remains down in the weekly and monthly charts. It has also deflated by over 60% from its March all-time high (ATH).
Yet, according to prominent trader Bluntz, the bottom might now be in.
He notes that Dogwifhat is forming support and may soon see an explosive recovery to the upside.
Bluntz labelled the move a “perfect channel retest” and said, “Nobody is ready for the V reversal that’s about to happen.”
The analyst did not provide an exact price target but did show a potential trajectory that extends past WIF’s current ATH.
On a lower time frame, analyst The Cryptonomist notes that Dogwifhat has broken above a trendline resistance and speculates a move to $2.2 will follow.
Moving to Brett, the coin was up 8% earlier today, although the price has since pulled back slightly to $0.074.
Analyst Bulloro says that Brett will hit $1 in 2024. He notes that the token just “printed a huge bullish divergence on the daily chart.”
A bullish divergence occurs when the price decreases but the RSI indicator rises. It’s a sign that momentum is strengthening as sellers become exhausted.
Meanwhile, Crash, an early Brett investor who made millions of dollars from $15K, says that Brett is going to $3 this cycle.
He argues that ETH will hit $7K, and this bullish momentum will allow Brett to soar.
Given its current price of $0.07, these Brett predictions are certainly ambitious. However, that reflects the token’s cult-like following.
This is largely due to its position as the top meme coin on Coinbase’s layer 2 network, Base.
But another Base token is arising, and investors have the chance to buy from the ground floor.
It’s called Base Dawgz and is preparing for its DEX debut this week. Let’s take a closer look.
Base Dawgz Launches Tomorrow: Will it Explode?
The Base Dawgz devs have packed a lot of firepower into the new project.
Not least is its cross-chain functionality – Base Dawgz will be the first Base-native meme coin to go multichain.
It launched on Base but is also available on Ethereum, Solana, BSC, and Avalanche.
This opens it to a vast audience that wouldn’t be available if it only launched on one chain.
Another benefit to Base Dawgz is staking. Users can lock their tokens in the project’s smart contract to generate rewards, currently valued at a 712% APY.
It also has a “Share-to-Earn” airdrop where users can win $DAWGZ tokens by creating memes and content. The more viral they go, the more free crypto the creator gets.
All of this makes Base Dawgz a fan favourite. Its presale has raised $3.2 million, and leading analysts are on board.
For example, the Cryptonews YouTube channel says that $DAWGZ could be 100x in value.
“It’s a Base project. It’s very interesting and will be launching soon – I think it has a lot of potential,” said the analyst.
But right now, it’s the last time to buy Base Dawgz at a fixed price.
The token will list on exchanges in one day, but investors can buy at its initial listing price until then.
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