Dog-themed tokens stay meme coin market favorites, and within the latest Dog-themed pump, a brand new BONK on BASE has exploded as a part of a brand new development for multichain meme cash – however does BONK value evaluation highlight one other contender?
This article will analyze BONK’s present value developments and look at whether or not the multichain development may propel new contender, Dogeverse, to 100x returns throughout the 2024 bull run.
$BONK on #BaseChain is PUMPINNNN pic.twitter.com/y5vSnPYsO4
— 👑BITKING 👑 (@BITKING_ETH) April 10, 2024
The rise of multichain Dogcoins appears a logical evolution of the well-established dog-themed token commerce; with omnichain performance coveted as a serious narrative this yr.
With the surging recognition of Coinbase’s Ethereum layer-2 scaling resolution Base chain, the arrival of one among Solana’s largest meme cash on BASE appeared inevitable – and it has taken off with a bang – hitting Hot #8 on DEXTools.
BONK Price Analysis: As Top Dogcoin BONK Token Arrives on Base Chain – Are Multichain Meme Coins the Next Big Thing?
As value motion surges again to retest native resistance, BONK on Base is presently buying and selling at a market price of $0.0000000125 (representing a 24-hour change of -16.7%).
This comes after BONK launched at simply 4 AM UTC on April 10, in a dramatic itemizing that garnered near-immediate traction.
Initial value motion noticed BONK climb aggressively for roughly 13 hours, with a quick stop-off at $0.0000000036 setting the stage for the all-time excessive at $0.000000028.
Yet, a retracement was inevitable with early backers sitting atop over 50,000% beneficial properties. This set in at 11 PM on April 10 – with technical construction collapsing, sending value down by -76% to decrease help.
A robust show by 1,850 loyal holders has seen a protection of the help zone at $0.0000000036 – with upside actions over the previous few hours suggesting an imminent retest of resistance at $0.000000015.
Indeed, with BONK on Base now sat with a extra alluring entry round a $1m market cap – late-stage retail traders could possibly be appetized by the attract of potential 10x returns from these ranges.
Meet Dogeverse: The Unification of DOGE Cross-Chain – Potential 100x Play?
Dogeverse (DOGEVERSE), is a brand new multi-chain dog-themed meme coin challenge with an lively presale that has presently raised almost $1M in simply 48 hours.
The meme coin is deploying its extremely anticipated presale throughout a number of chains, together with Ethereum, Avalanche, Base, and Solana.
The challenge’s developer mentioned this method democratizes access, and anybody can purchase the coin, turbocharging progress – turning into a power throughout the crypto market
Looking at occasions available in the market, the in-demand Dogeverse presale will probably reap huge advantages as extra customers flock, trying to find potent meme cash.
Supporters declare Dogeverse could possibly be the following BONK and BOME, securing a $1 billion market cap within the coming weeks.
Follow Dogeverse on X to get the latest information and connect with the presale community on Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is offered for informational functions and doesn’t represent funding recommendation. You may lose all your capital.
