$WIF Price Crumbles to $1.70 As Investors Flock to New Dogz Alternative

The price of popular Solana meme coin DogWifHat ($WIF) has gone spiralling under $1.70 after shedding 12% in the last 24 hours amidst a wider market pullback.

However, the picture is not so bleak for $WIF holders considering the 7% price appreciation over the last seven days. This makes $WIF the second best performing top five meme coin over the week, after fellow Shiba Inu-themed coin Floki ($FLOKI), which added a staggering 23.4% over the week to trade at $0.0001535.

Market leaders Bitcoin ($BTC) and Ethereum ($ETH) are both down from their prices 24 hours ago. Bitcoin shed 2.2% while Ethereum lost 4.2%. The former grew 3.2% in the last seven days, while the latter shed just less than a percent.

The world’s favourite cryptocurrency $BTC currently trades at $62,413, while the $ETH token underpinning the most commercially important blockchain trades at $2,622.

Generally speaking, it was a long night for meme coin holders. Dogecoin ($DOGE) lost 3.2% to trade at $0.104, while Pepe ($PEPE) , the largest non-doge meme coin, dropped 7.7% down to $0.00000824.

Over on DogWifHat’s price chart, we can see the meme coin hovering above the psychologically important $1.50 support level it maintained throughout June and July.

Source: TradingView

The market crash in early August appears to have dragged overall support down, as highlighted by the diagonal green line.

$WIF’s current relative strength index (RSI) of 27 indicates the asset is now oversold, so its price is likely to stabilize going into tomorrow as the selling cools off.

Falling $WIF Price Drives Investors To Base Dawgz, The Multi-Chain Shiba Inu

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 over $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 775%, 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, just a day remains 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 .

Buy $DAWGZ here