Analysts Predict Base Chain Meme Coin $DAWGZ Will Rally Next as $BONK and $MAGA Pump 8%
The post Analysts Predict Base Chain Meme Coin $DAWGZ Will Rally Next as $BONK and $MAGA Pump 8% appeared on BitcoinEthereumNews.com.
Advertisement     Meme coins $BONK and $MAGA surge 8% as analysts predict strong growth for new Base chain meme coin $DAWGZ. Recently, two Solana meme coins, $BONK and $MAGA, experienced notable price increases, sparking interest and speculation among traders and analysts. While these coins are making headlines, a new contender, Base Dawgz ($DAWGZ), shows strong growth potential and could be the next big thing in the meme coin market. MAGA and Bonk See Significant Gains On June 12, 2024, $MAGA, a meme coin linked to former President Donald Trump’s support for Bitcoin mining, saw a 3.27% increase in price within hours and continued to ascend, trading at $13.55 with a 24-hour trading volume of $13 million. The coin has a live market cap of $596 million, ranking it #226 on CoinMarketCap, with a circulating supply of nearly 44 million TRUMP coins. The surge in $MAGA’s price was largely attributed to Trump’s pro-Bitcoin stance, which influenced public sentiment and boosted trading activity. Meanwhile, Bonk ($BONK), a Solana-based dog-themed meme coin, also experienced a significant upswing. Bonk reclaimed its previous price levels after a brief decline because of its budget-friendliness and substantial upside potential. Bonk’s excitement can be linked to its robust community support and consistent performance since its launch last year. Advertisement   Donald Trump’s Influence on $MAGA Former President Donald Trump’s recent comments advocating for Bitcoin mining in the US have significantly contributed to the price increase of $MAGA. Trump suggested that Bitcoin mining could help the US achieve energy dominance, a statement that has resonated well within the crypto community. This endorsement has not only pumped the price of $MAGA but has also sparked optimism about the future regulatory environment for cryptocurrencies in the U.S. Prominent traders like Sistine Research have highlighted Trump’s support as a bullish signal…
Filed under: News - @ June 16, 2024 10:14 am