The overall crypto market is in a slump, with Bitcoin down 6% over the week, and most meme coins following suit. With DOGE, SHIB, and FLOKI down 3.7-22% over the week, investors are looking for the next meme coin to make massive returns.
However, Dogs (DOGS) – a TON-based meme coin launched on August 27th – has seen upward movement. Despite a dip earlier this week, the token rebounded 7.4% over the last 24 hours, signaling a potential rally.
DOGS Begins To Recover After Turmolous Launch
DOGS has gone up to $0.001069 per token over the last 24 hours. Trading volume has gone up 22.16% to $499,570,917 over the day, signaling strong investor interest. However, this doesn’t quite paint the whole picture, as DOGS had a fairly rough launch despite community engagement.
The token is down 33.05% since its launch on August 27th, with a good portion of these losses owed to overall market conditions. Despite this, its community stays strong, with many experts on X (Twitter) sharing bullish sentiments.
The community is growing, with a massive 3.7 million followers on X (Twitter.) This is supplemented with another whopping 17 million members on Telegram. This signals a strong core of investors and can act as a catalyst for massive growth. With Telegram-native utility, the token is likely to pick up even more investors as it gains its footing in the market.
Technical analysis also supports the idea of a rebound, with increasing funding rates and a rising money-flow index anticipating bullish movements.
On top of this, DOGS is boosting interest with airdrops, as almost 40 billion DOGS have been distributed over the last 24 hours.
The team behind the token has been hard at work picking up exchange listings, engaging with the community, and offering support for Telegram founder Pavel Durov.
Dog-Themed Tokens Follow DOGS Rise
DOGS isn’t the only token on the rise over the last 24 hours. DOGE, SHIB, BONK, and FLOKI are all up low single digits over the last 24 hours. Dogwifhat (WIF,) meanwhile, has grown almost as much as DOGS, with a 5.79% rise in value to $1.58 per token.
WIF is also one of the few top meme coins that didn’t suffer too much over the last week, falling just 3.33% over the timeframe. This shows that while DOGS is growing faster than others, the dog-themed meme coin sector as a whole is moving up.
This idea is further propped up by the success of Neiro (NEIRO). The token recorded one of the biggest gains over the day, rising by over 80%. Despite the token plunging over 15% over the last week, experts in the field are anticipating even more bullish momentum.
Looking at its performance since launch, NEIRO has already hit 413.10% returns. Despite skeptics thinking its growth is over, NEIRO’s daily trading volume is up over 100%, showing rising investor interest.
With all the hype on dog-themed tokens and new launches, a dog-themed P2E ICO is catching experts’ eyes.
New Crypto to Watch: Shiba Shootout Raises Over $1M as Presale Gathers Pace
Shiba Shootout (SHIBASHOOT) is a brand new project infusing the traditional doge image with a Wild West aesthetic and P2E gameplay. As one of the biggest ICOs of the summer, SHIBASHOOT has already raised over $1 million.
Shiba Shootout revolves around Shiba Sharpshooter- a P2E game available on Android and iOS where cowboy shibas duel against one another.
The Shiba Shootout presale follows a dynamic pricing model. The current price per token is $0.0201, however, that will change as more investors come into the project or time passes. This makes it so that earlier investors get the best deals.
On the tokenomics side of things, SHIBASHOOT dedicates 35% of its total token supply to the presale. On top of this, 20% is assigned to staking at a massive projected P/A of 872%, letting investors almost 10x their token holdings over a year.
Expert attention has been high ever since the presale started, with the likes of ClayBro and Austin Hilton reporting on the token. Cryptonews has been following the token’s development closely, praising it for its high staking rewards and engaging utility.
Shiba Shootout Play to Earn Raises $1m!!
While the market is hard to predict, with meme coins back on the rise Shiba Shootout looks like it’ll be one of the biggest launches this year.
