Ski Mask Dog (ETH: $SKI) is a meme coin on BASE, the layer 2 blockchain that runs on Ethereum. Over the past few weeks, SKI has seen an increase in value that has led some in the crypto world to compare it to the Dog Wif Hat (WIF) meme coin.
Ski Mask Dog (SKI) Origin Story
Ski Mask Dog started earlier in 2024 but along the way, its original developer dumped his bags and left the project. The SKI community took over the project, and have been hyping the project on X ever since.
The team launched several meme contests on X, with a chance to win SKI, and in late November 2024, Common launched another meme contest on X, which helped to boost the popularity of the project.
Jesse Pollak, the lead developers of the BASE layer 2 network has also chimed in the project several times since April on X, which has further helped to boost its visibility. Arkham data also shows that he holds SKI worth $4,300.
At the start of December, the SKI meme coin got another major boost when it was listed on Gate.io, OX.FUN, and SuperEx Vietnam. Previously, it was only available for trading via decentralized exchanges like Uniswap v2 and v3 (Base), Aerodrome Slipstream, OpenOcean, and the BVOX CEX.
SKI Market Cap Soars
In early December 2024, SKI soared to become the first $100+ million market cap meme coin on the Base L2 network. In the past 30 days, the token’s price has soared 5,277.7% to $0.1023 as of December 3, 2024. Since its September 17, 2024 low of $0.0004026, Ski Mask Dog has appreciated an impressive 25,750%.
It peaked at a new all-time high of $0.1324 on Monday, December 2, 2024, and has since dropped 21.4% of its market cap as investors take profit. The token, which has a total supply of 1 billion, has a market cap of $102.2 million, and a 24-hour trading volume of $11.54 million. It has a zero tax on transactions, and the liquidity pool has been burned, and the contract renounced.
Is Ski Mask Dog The Next WIF?
Each major crypto network has its own top dog meme coin, and SKI appears to be headed towards claiming the title on the Base Network. Consequently, analysts have compared it to WIF on Solana, $SHIBA on Ethereum, and $DOGE, the OG dog meme coin.
Social Media Following
$SKI has a respectable following on social media; it has 12.7K followers on X, 7,494 members in its Telegram group, 92 followers on TikTok, and 171 followers on Instagram.
How High Could SKI Rise?
According to an X post by renowned crypto analyst Brian Jung, $SKI could potentially hit a $1 billion market cap. Coincidentally, he has switched his profile picture on X to one where he is wearing a skiing mask.
In a detailed YouTube video, Jung explained that in each upward cycle in the crypto market, there has always been a dog meme coin that dominated. In his opinion, Ski Mask Dog has all the ingredients to be that meme coin in this cycle.
Should You Add SKI To Your Portfolio?
$SKI has the enviable title of being the first meme coin on the Base L2 network to have an over $100 million market cap. That gives it a first-mover advantage, which some analysts believe could propel it to an over $1 billion market cap. Its community is extremely dedicated, and on its website, there is merch store for Ski Mask Dog themed hoodies and t-shirts. Consequently, there is still a 10X upside potential for the meme coin. Adding this token to your crypto portfolio could potentially be the win you are looking for.
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