Ethereum Holders Eye 50x Gains with This New ICO Ahead of Potential ETF
Ethereum (ETH) holders are looking for high beta plays that could deliver 50x gains ahead of the potential launch of US spot Ethereum ETFs this summer, with one new ICO called Base Dawgz (DAWGZ) getting attention.
The US SEC just dropped its investigation into Ethereum 2.0. That effectively signals the end of the agency’s push to have the crypto classified as a security.
That comes after the SEC approved 8 spot Ethereum ETFs last month. These are expected to launch in July.
UPDATE: we are moving up our over/under date for the launch of spot Ether ETF to July 2nd, hearing the Staff sent issuers comments on S-1s today, and they're pretty light, nothing major, asking for them back in a week. Decent chance they work to declare them effective the next… https://t.co/XJZ8JLwEFF
— Eric Balchunas (@EricBalchunas) June 14, 2024
Once the ETFs go live, a potentially massive flood of institutional investor liquidity into the Ethereum ecosystem could begin.
Ethereum would be expected to perform very well under such conditions.
But smaller crypto assets tied to the Ethereum ecosystem, such as meme coins, have exponentially larger gains.
Investors are thus rushing to gain exposure to high-beta Ethereum ecosystem growth plays.
And Base Dawgz (DAWGZ) is one such meme coin that could see outsized, potentially 50x gains when meme season returns.
DAWGZ is a new Base meme coin, but is launching with exciting multi-chain bridging, or base jumping, capabilities.
Here’s why this new ICO could be one of summer’s best meme coin plays.
New ICO Base Dawgz (DAWGZ) – Summer 2024’s Best New ICO?
DAWGZ is a base-jumping Shiba Inu that appears across five blockchains: Base, Ethereum, BNB, Avalanche, and Solana.
Currently, in presale, eager investors have already invested nearly $2.0 million in DAWGZ.
GM $DAWGZ 🌤️
Who’s ready to rock and roll today?
— Base Dawgz (@BaseDawgz) June 13, 2024
And the Base Dawgz X account is also getting great engagement, having already reached over 3,800 followers.
DAWGZ is currently available at $0.00527, but that price will rise in just over 3 days.
Thanks to its unique cross-chain “base jumping” capabilities, Base Dawgz could be a big winner when meme season returns.
But the new meme coin has plenty more exciting features to get crypto degens excited.
Defi degens are flocking to DAWGZ in anticipation that DAWGZ will become a passive income gem.
20% of the DAWGZ supply has been allocated to staking rewards. The details of the staking program are yet to be announced, but the website says it will only be available on Ethereum.
Meanwhile, traders are rushing to qualify for the meme coin’s airdrop. X users can earn airdrop points by sharing memes and Base Dawgz-related content and generally spreading the word.
GN $DAWGZ 🌙
Go to bed thinking about soaring through the skies. That is the dream. Nirvana is ours🪂
— Base Dawgz (@BaseDawgz) June 13, 2024
15% of the DAWGZ supply has been allocated to rewards, presumably for the airdrop.
Base Dawgz has all the makings of a meme coin that could reach $100s of millions in market cap.
A practical cross-chain use case, generous staking rewards and an exciting airdrop could all help power DAWGZ to 50x gains.
As Ethereum ETFs power the return of meme season, DAWGZ could easily be summer 2024’s best new ICO. This one is not to be missed.
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.
