Solana (SOL) Faces a Predicted 40% Drop as Base Dawgz ($DAWGZ), a New Meme Coin on the Base Chain, Gains Momentum and Nears Its $2 Million Presale Goal, Potentially Becoming the Next 100x Crypto

Solana (SOL), once a darling of institutional and retail investors, faces a potential 40% drop in value, according to market analysts.

Solana (SOL) might be facing a potential 40% drop in value, according to market analysts. However, a new contender is making waves on Coinbase’s Layer-2 Base chain, rapidly closing in on a $2 million presale goal. Could this new coin be the next 100x crypto?

Solana Price Could Fall 40% to $80, Says Analyst

Crypto expert Andrew Kang recently suggested that Solana’s (SOL) bullish momentum might be losing steam. Despite its strong performance in the past, the integration of institutional ETFs and the unpredictable nature of meme coin trading could lead to a significant price drop. Kang’s analysis indicates that if the current meme trading enthusiasm wanes, Solana could see its value plummet to $80.

This prediction comes at a time when the cryptocurrency market is highly volatile, with institutional and retail investors constantly shifting their focus. While Solana’s underlying technology remains robust, the immediate market dynamics pose a threat to its short-term valuation.

Meanwhile, a new meme coin on the Base chain is rapidly gaining steam. Base Dawgz ($DAWGZ) has already raised over $1.9 million in its initial coin offering (ICO), achieving this milestone in just over two weeks. This rapid success has caught the attention of crypto influencers and investors, with many touting it as the next big thing in the meme coin market.

The popular YouTube channel 99Bitcoins, which has over 700k subscribers, has praised Base Dawgz, calling it the next 100x meme coin. The excitement surrounding Base Dawgz highlights a broader trend where Base chain meme coins are increasingly seen as strong competitors to their Solana counterparts.

Solana Meme Coins Facing Competition from Base Chain Coins

Base, Coinbase’s Layer-2 venture, has seen major adoption since its launch. A report from CryptoSlate highlighted the impressive surge in Base’s user base and scalability, which poses a challenge to Solana’s dominance. With Coinbase planning to integrate Base more extensively into its services, meme coins on this Layer-2 chain could benefit from the exchange’s 140 million users.

Base Dawgz is well-positioned to capitalise on this growing interest. Unlike other meme coins on the Base chain, which have limited market capitalisations, Base Dawgz stands out due to its substantial presale success and strong community support.

Currently, the only other Base meme coin with a notable market cap is Brett, valued at over $1 billion, while others struggle to reach significant valuations.

News source：https://www.kdj.com/cryptocurrencies-news/articles/solana-sol-predicted-drop-base-dawgz-dawgz-meme-coin-base-chain-gains-momentum-nears-presale-goal-x-crypto.html

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