Pepe Reverses Slump With 10% Gain, is Base Dawgz Set to Pump Next?

Pepe has enjoyed a solid 10% recovery today after weeks of continued selling pressure. 

Meanwhile, the new meme coin Base Dawgz is also rising as its presale total raise nears $2 million.

Pepe Price Surges as SEC Drops ETH Investigation

Ethereum ecosystem token prices have surged after the SEC said it would drop its investigation into Ethereum.

Notably, Pepe has jumped 10%, with its position as the ecosystem’s blue-chip meme coin drawing significant interest.

Ethereum developer Consensys revealed the SEC’s decision to call off its investigation into whether ETH is a security.

“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.” 

It continued, “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.”

Consensus regards this as a “major win for Ethereum developers, technology providers, and industry participants.” 

The relief can be felt across the market.

After significant bearish momentum last week and this week’s open, altcoin prices have started to show signs of life.

The total crypto market cap has jumped 0.7%, while the Ethereum ecosystem market cap is up 2.99%, per CoinMarketCap data.

However, Pepe has fared a top performer today, having reclaimed the $0.0000112 level.

While its price remains down 10% this week, it has recovered approximately 50% of its weekly losses within the past 24 hours.

Its decisive recovery has stoked exciting predictions from analysts, with Jameson highlighting that it is trading above a key support level.

Should this level hold, the analyst anticipates Pepe’s uptrend will resume shortly.

Meanwhile, popular commentator Davie Satoshi notes that Pepe’s Relative Strength Indicator (RSI) signals “oversold” on the daily time frame.

He explains that the past two times this has occurred, Pepe reached a new all-time high (ATH) in the aftermath.

As such, Davie is preparing for a repeat of history this time around.

With Ethereum’s regulatory status secured and Pepe’s price chart displaying promising signs, the stage is set for continued growth.

Similarly, the newly launched meme coin Base Dawgz presents an exciting outlook. The token is currently undergoing a presale and has raised over $1.5 million so far.

Can Base Dawgz’s Multichain Approach Make it the Next Big Meme Coin?

Base Dawgz is enjoying massive presale success because it is available on all the hottest on-chain markets except Bitcoin.

While its primary chain is Base, the project is also available on Ethereum, Solana, BSC, and Avalanche.

Today, Ethereum tokens are in the limelight, and the Base Dawgz presale is benefiting.

But tomorrow, another network may take center stage, and $DAWGZ will still be able to grow.

This gives Base Dawgz a significant advantage over other meme coins and is central to its presale momentum, with some analysts backing it as one of the best meme coins to buy. 

The project also has other features that make it an attractive alternative to its competition.

For instance, it boasts a refer-and-earn mechanism that allows users to earn 10% commissions by referring others to the presale.

This is a win-win, enabling users to generate income while growing Base Dawgz’s community and bolstering its price.

There are also plans for a staking mechanism, with 20% of the token’s supply earmarked for rewards.

While further details have yet to be announced, the staking utility will bolster $DAWGZ’s supply and demand dynamics and extend its long-term potential.

The Base Dawgz presale is ongoing, but potential investors should act fast because the price will gradually increase as the campaign advances.

Visit Base Dawgz Presale