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

Surge in Meme Coin Values as ETH Investigation Dropped

Ethereum-based meme coins experienced a surge in value after the SEC announced it would discontinue its investigation into Ethereum.

Pepe Leads the Recovery

Pepe, a prominent meme coin, saw a significant 10% jump in price, attracting attention as the blue-chip meme coin in the ecosystem. This recovery comes after weeks of selling pressure.

Ethereum's Regulatory Stability Bolsters Market

Consensys, an Ethereum development firm, confirmed the SEC's decision to cease its investigation into whether ETH constitutes a security. This has instilled relief and optimism throughout the market.

Altcoin Prices Rebound

After a bearish period, altcoin prices have begun to recover. The total crypto market cap has risen by 0.7%, while the Ethereum ecosystem market cap has jumped by 2.99% (according to CoinMarketCap).

Pepe's Resurgence and Analyst Predictions

Pepe has emerged as a top performer, reclaiming the $0.0000112 level. While its weekly price remains 10% below, it has recovered approximately 50% of its losses within the past 24 hours.

Analysts like Jameson anticipate a continuation of Pepe's uptrend due to its trading above a key support level.

Relative Strength Indicator Signals Oversold Conditions

Prominent commentator Davie Satoshi highlights that Pepe's Relative Strength Indicator (RSI) suggests "oversold" conditions on the daily time frame. He observes that the previous two instances of such conditions were followed by new all-time highs for Pepe.

Base Dawgz, a Promising Meme Coin with Multichain Approach

The newly launched meme coin, Base Dawgz, is also gaining traction. Its presale has raised over $1.5 million due to its availability on multiple blockchain networks, including Base, Ethereum, Solana, BSC, and Avalanche.

Refer-and-Earn Program and Staking Mechanism

Base Dawgz offers a refer-and-earn program that rewards users with 10% commissions for recruiting new investors. Additionally, the project plans to introduce a staking mechanism, allocating 20% of the token supply for rewards.

Presale Opportunity

The Base Dawgz presale is ongoing, but investors should act swiftly as the price will increase gradually throughout the campaign.

Visit Base Dawgz Presale