The layer 2 blockchain Polygon it is growing and showing very interesting progress. In fact, this network has outperformed Ethereum in terms of gas usage and active users on a monthly basis.
Of course, many experts believe this growth could fuel a appreciation of the native MATIC token. An eventuality which, however, has not yet materialized, with the crypto actually showing a bearish trend.
In any case, while waiting for MATIC to return to top-level performance, users are taking advantage of the numerous opportunities among the new cryptocurrencies launched on the market through pre-sales. One of these is the new multi-chain meme coin Basic Dawgz.
The progress of Polygon and MATIC
Polygon (MATIC) recorded a notable increase in activity, gradually capturing the attention of more and more users. In particular, its popularity has been highlighted by it surpassing Ethereum in terms of gas usage and monthly active users.
Many turn to Polygon for theirs lower fees and faster transactionsa fact that could influence Ethereum adoption in the long term.
However, it is important to point out that Polygon is not a direct competitor of Ethereumbut rather a Layer-2 scaling solution built on Ethereum, which could ultimately benefit the entire Ethereum ecosystem.
Despite the progress of the Polygon network, the token MATIC did not record a positive trend. Its price has undergone a strong correction, falling to $0.628 on June 11, while the OBV (On Balance Volume) for MATIC decreased significantly, suggesting selling pressure higher than buying pressure.
However, a Positive CMF (Chaikin Money Flow).while low, indicates that there may still be money flowing into MATIC, suggesting that investors may be interested in accumulating the token at discounted prices.
Furthermore, there was a increased accumulation of MATIC by retail investors. A situation that suggests that many traders see the recent drop in price as an opportunity to purchase the token at affordable prices.
Despite MATIC’s difficulties in seeing price growth, Polygon has been successful in the DeFi sectorwith its Proof-of-Stake (PoS), zero-knowledge Ethereum virtual machine (zkEVM), and Coconut Development Kit (CDK) becoming go-to options for DeFi developers.
In general, despite the controversial performance of MATIC, Polygon has become one of the leading projects in the cryptocurrency context. Therefore, several experts are carefully monitoring the news regarding this ecosystem as well as the performance of the native MATIC token.
In any case, while waiting for MATIC to show convincing bullish signals, many users are taking advantage of the speculation opportunities guaranteed by presale cryptocurrencies. In this sense, one of the most popular projects is the new multi-chain meme coin Base Dawgz.
Basic Dawgz (DAWGZ)
Base Dawgz is quickly gaining popularity as a new project that introduces a multi-chain meme coin. Its pre-sale has almost reached the $1 million mark in just over a week, and many are betting that this token will soon become a major player in the world of blockchains.
Originally derived from the Base blockchain, developed by the creators of Coinbase, Base Dawgz has proven to have significant potential, especially after the success of similar projects such as BRETT on Solana. This is why Base Dawgz has become the subject of several speculations among crypto influencers:
The fact that it is regulated on the Ethereum protocol guarantees greater security, while its multichain interoperability, exploiting Web3 technologies such as Wormhole and Portal Bridge, allows users to navigate between Ethereum, Solana, Binance Smart Chain and Avalanche seamlessly.
So, Base Dawgz is not only a fun meme coin project but also offers utility through its staking model and passive rewards. Its DAWGZ tokens are available at a starting price of $0.00479 during the pre-sale, with the team planning to launch them on both DEX and CEX.
Furthermore, the community plays a vital role in the project, with 20% of the total token supply going towards community rewards. Through the campaign “Be social for AirDrop“, investors can earn rewards by sharing the project on social networks and making active referrals.
Instead, the Base Dawgz roadmap is designed to ensure a sustainable growth and better allocation between DEX and CEX. Currently in the pre-sale phase, the project is working on building a solid community base and developing smart contracts for DAWGZ tokens. In fact, the audit of the contract by SolidProof provided further guarantees of safety and reliability.
Subsequent phases include launching on DEXs, listing on CoinMarketCap and CoinGecko, and implementing community rewards and marketing strategies to maintain the project’s growth over time.
Buy DAWGZ tokens it is a simple process, allowing investors to choose between different blockchains and use USDT, USDC or other cryptocurrencies to participate in the presale.
For more information on this project, also read “How to buy Base Dawgz”.
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