Sam Cooling
Last updated:
April 11, 2024 08:54 EDT
| 2 min read
Dog-themed tokens remain meme coin market favorites, and in the latest Dog-themed pump, a new BONK on BASE has exploded as part of a new trend for multichain meme coins – but does BONK price analysis spotlight another contender?
This article will analyze BONK’s current price trends and examine whether the multichain trend could propel new contender, Dogeverse, to 100x returns during the 2024 bull run.
The rise of multichain Dogcoins seems a logical evolution of the well-established dog-themed token trade; with omnichain functionality coveted as a major narrative this year.
With the surging popularity of Coinbase’s Ethereum layer-2 scaling solution Base chain, the arrival of one of Solana’s biggest meme coins on BASE seemed 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 price action surges back to retest local resistance, BONK on Base is currently trading at a market price of $0.0000000125 (representing a 24-hour change of -16.7%).
This comes after BONK launched at just 4 AM UTC on April 10, in a dramatic listing that garnered near-immediate traction.
Initial price action saw BONK climb aggressively for roughly 13 hours, with a brief stop-off at $0.0000000036 setting the stage for the all-time high at $0.000000028.
Yet, a retracement was inevitable with early backers sitting atop over 50,000% gains. This set in at 11 PM on April 10 – with technical structure collapsing, sending price down by -76% to lower support.
A strong display by 1,850 loyal holders has seen a defense of the support zone at $0.0000000036 – with upside movements over the past few hours suggesting an imminent retest of resistance at $0.000000015.
Indeed, with BONK on Base now sat with a more alluring entry around a $1m market cap – late-stage retail investors could be appetized by the allure of potential 10x returns from these levels.
Meet Dogeverse: The Unification of DOGE Cross-Chain – Potential 100x Play?.
Dogeverse (DOGEVERSE), is a new multi-chain dog-themed meme coin project with an active presale that has currently raised almost $1M in just 48 hours.
The meme coin is...
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