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The Toshi price has skyrocketed 43% in the last 24 hours to trade at $0.0003428 as of 7.20 a.m. EST on trading volume that surged 17% to $1.7 million.
TOSHI has surged over 60% in the last week, most of that in the past three days.
Toshi Price Prediction
While the TOSHI price has seen a correction following its recent surge, certain technical indicators suggest that its price might rebound sooner, rather than later.
For example, the project’s Bollinger bands have seen a massive widening in the last few hours, and while the price is currently pushing the lower band down, this is only due to so many traders taking profit in the aftermath of the recent surge.
Meanwhile, the upper bound continues to move further up, instead of trying to narrow down the difference, meaning that there is still some bullish potential left.
However, the project’s Relative Strength Index (RSI) is what really makes traders think that a rebound is coming since its value dropped sharply from the overbought zone at 86.23 to the threshold of the oversold area at 34.66. This means that a lot of traders took profit all at once, and the instant sales caused the price to crash.
However, this disrupted Toshi’s natural price progression to the point where everyone looking for an opportunity to earn will swoop in to buy the dip.
In other words, it is only a matter of time before TOSHI blows up anew, and the RSI approaching the oversold zone confirms it. The traders are currently waiting for the token to find its bottom before they move in, so there is still time to buy before Toshi sees another bullish round.
Promising Alternative to Toshi
While now may be the best time to buy Toshi and make use of the correction, there is a project that could potentially see even larger gains.
Best of all, its price is still immune to volatility, thanks to the fact that it is still in presale. The project in question is called Base Dawgz (DAWGZ), and analysts say it is one of the most promising meme coin ICOs right now.
Base Dawgz is a dog-based meme coin built on the Base Blockchain, as the name suggests. However, once it goes live, it will be a multi-chain project, running simultaneously on Base, Ethereum, Solana, BSC, and Avalanche.
Thanks to its Wormhole and Portal Bridge technologies, it will be able to enable quick and easy transfers of money between these chains.
In other words, users will be able to use a decentralized meme coin to move their money from chain to chain quickly and make use of each blockchain’s unique opportunities, be that speed and low fees, access to specific DEXes and projects, or something else entirely.
And, with DAWGZ at hand, they will no longer have to depend on centralized stablecoins, wrapped cryptos, or buy a different token altogether to access these different blockchains.
We did it $DAWGZ!
$2.5 MILLION reached 🪂 we're soaring now and it doesn't look like we're slowing down 🤩 pic.twitter.com/XY0rUztKpV
— Base Dawgz (@BaseDawgz) July 15, 2024
Its potential was already recognized by experts such as popular YouTuber TodayTrader, who speculates that DAWGZ could be the next dog coin to go to the moon.
So far, he has been proven right, with the DAWGZ presale raising over $2.55 million. DAWGZ tokens currently sell for only $0.006405 apiece and can be bought with USDT, USDC, ETH, BNB, BUSD, AVAX, or SOL.
Visit the official website to buy DAWGZ tokens here.
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