Layer 1 Ethereum competitor Arbitrum ($ARB) took some of the worst price losses of yesterday’s market-wide crypto crash. While it quickly recovered 14% in the last 24 hours, its seven-day losses amount to 28%. It now trades for $0.5028 a token.
This kind of price movement is closer to meme coin volatility.
Market leader Bitcoin ($BTC) had less extreme price swings, advancing 7.4% in 24 hours but retreating 17% over the last seven days to its current price of $55,213.
But original meme coin and sector leader Dogecoin ($DOGE) kept pace with Arbitrum, recovering 13% overnight but losing 26% over the week.
Ethereum ($ETH) also faced heavy intraweek losses of about 26.4% and trades at $2,458. It recovered 8.6% overnight.
ARB Price Analysis
Arbitrum is now far below its July bottom of $0.60 but appears to have rebounded up from $0.40. It’s too early to say whether this will be a strong support level, but even if the token recovers quickly, there will be stiff resistance at $0.80.
The token currently has a relative strength index (RSI) of 49 and rising, indicating a healthy rebound.
Hop From Arbitrum Losses Into the World of Fixed-Price Presales With Base Dawgz
With a maximum theoretical number of processed transactions per second (tps) of 40,000—far higher than Ethereum’s 119 tps—Arbitrum is an exciting project redefining capabilities of commercial meme coins. However, as witnessed by the recent price movement, it is also a volatile coin that people are likely to cash out of in times of economic distress.
For investors willing to go the long haul on a project, the best bet is presales. Since presales tokens usually aren’t listed on exchanges, their value is fixed for the duration of the presale. After that, when they hit the open market, if they’re good enough they appreciate.
One of the top presales right now is for cross-chain meme coin Base Dawgz ($DAWGZ). Base Dawgz is another Doge-themed coin, this time his primary home is on Coinbase’s Ethereum Layer 2, Base, but he’s also compatible with Ethereum, Solana, BNB Chain, Avalanche and Polygon.
It launched on June 4, taking in over $200,000 within minutes as investors piled in to snap up a multi-chain meme coin with staking and share-to-earn capabilities. To date, it has raised over $2.8 million.
But what is share-to-earn? Simply put, the token’s ingenious marketing strategy puts community members at the core of Base Dawgz’s marketing strategy, thanks to a share-to-earn system that pays out point rewards for sharing $DAWGZ-centric content on social media.
Base Dawgz also offers mouth-watering staking rewards of 956.2%, according to the presale website.
Buy in now to catch this potential stratospheric new meme coin at a fixed pre-launch price of $0.007414.
With multiple purchase options, including popular stablecoins like USDT and USDC, buying in is simple and secure.
However, there are just over six days to purchase the token before it rises to the next fixed presale price.
Check out the Base Dawgz community on X and Telegram.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
