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The Hottest Presale

Crypto Whales Move Away from Brett to Back a Promising New Project – What’s Happening?

Simon Chandler
Last updated: | 2 min read

The price of Brett has jumped by 23% today, with the Solana-based meme token moving to $0.1658 as the crypto market gains by 1.5% in the past 24 hours.

BRETT has now risen by an impressive 38% in the past week, as well as by 125% in the last 30 days, with the coin listing for the first time as recently late February.

However, it’s likely that Brett is dangerously close to entering an overbought position, implying that we may see it decline very soon.

Yet there are other, newer meme coins that look ready to take its place as the next big thing, with multi-chain token Base Dawgz (DAWGZ) raising $2.1 million in its presale.

Crypto Whales Move Away from Brett to Back a Promising New Project – What’s Happening?

Brett’s chart may look very strong right now, but its indicators clearly show that the market is overbuying it, and that it should correct downwards soon.

For instance, its relative strength index (purple) has just touched 80, a level that usually precedes considerable falls, as the chart below repeatedly shows.

Brett price chart.
Source: TradingView

The same thing goes for the 30-day average (orange), which has recently climbed over the 200-day average (blue).

Again, such a move usually happens before a given asset takes a notable dip, with BRETT’s price chart showing this around June 17 and June 21, for instance.

This would mean that now is a pretty bad time to buy the coin, at least for traders operating within shorter timeframes.

But as mentioned above, there are alternatives for traders searching for the next big meme token rally, and it seems that some whales are turning to them.

One new favourite is Base Dawgz (DAWGZ), a multi-chain cryptocurrency that has already raised over $2.1 million in its ongoing presale.

It seems that investors and whales are attracted by Base Dawgz becomes it offers better fundamentals than the typical meme token.

Most notably, DAWGZ will run on five networks: Ethereum, Base, Solana, Avalanche and BNB Chain.

This makes it much more accessible to investors and users, implying that DAWGZ will enjoy greater adoption and use than it would have as an ordinary single-chain coin.

A New Meme Token

In terms of its memes, Base Dawgz has gravitated towards a base-jumping, extreme sports-focused aesthetic, with the coin featuring an adrenaline-seeking Shiba Inu dog as its mascot.

Its X account – which opened in May – now has over 3,000 followers, while its Telegram channel has over 2,700 subscribers.

This is an encouraging sign for its future, with DAWGZ looking like it will have a strong, growing community around it.

As a token, it will have a max supply of 8.453 billion DAWGZ, with 20% of this supply going to its sale.

It will also support staking, enabling holders to earn a passive income from the token, on top of any price gains.

Investors can join its sale at the official Base Dawgz website, with the coin listing on DEXes soon after the sale closes, before CEXes.

Given the growing popularity of its sale, it looks well on course to rally enviably once it lists.


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.