DOGS Meme Coin Crashes Alongside Toncoin and Bitcoin – Is Base Dawgz a Viable Alternative?
DOGS Meme Coin Crashes – Cause For Concern?
The DOGS meme coin is facing significant selling pressure, recently down nearly 11%. This bearish trend coincides with declines in both Toncoin and Bitcoin, raising concerns among investors. After a vigorous launch on Binance with an initial price surge of 150%, DOGS now trades at a low of $0.0012, way below its all-time high of $0.00165.
The Rise of Base Dawgz (DAWGZ)
As DOGS struggles, attention turns to Base Dawgz (DAWGZ), which is set to launch on September 4th. Early indications suggest high anticipation from smart money investors, with some projecting returns as high as 100x. This new listing has been gaining traction on social media, drawing notable interest.
- Concerns for DOGS: Recent selling pressure, primarily due to airdrop beneficiaries cashing out profits.
- Market Context: The broader crypto market's physical decline is affecting overall sentiment.
- Long-term Outlook: Despite current challenges, experts maintain a bullish long-term perspective for DOGS, citing strong marketing strategies and upcoming utility.
Investor Sentiment and Predictions
Crypto analysts observe increased optimism surrounding DOGS, with the current dip viewed as a buying opportunity. Analyst Unknown Trader (@Learnernoearner) has opened a long position aiming for a rally to $0.00145 soon, bolstered by strategic entry points.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.