DOGE3.0 Soars to ATH on $1 Million Trading Volume. Possible Scam? 3 Better Alternatives

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DOGE3.0, a new meme coin, soared on DEXTools with a1,477% gains and $1 million in trading volume. The surge saw the token secure the top position in the Daily Gainers and Hot Pairs lists.

DOGE3 Hot pairs daily gainers — Source: DEXTools

But, within eight hours of its launch, it was declared a scam by DEXTools, and also by some analysts on Twitter.

Warning Against DOGE3.0 – Potential RugPull & HoneyPot

The person’s tweets warn about the possibility of a “rug pull” swindle. This is similar to the PEPE3 token case.

https://twitter.com/ChrisONCT/status/1684490619001901056

He confirmedthe completion of the “rug” in a subsequent tweet, indicating fraudulent activities surrounding DOGE3.0. These tweets serve as a caution to potential investors and community members, advising them to be wary of the trend.

Another tweet served as a warning to cryptocurrency investors about $DOGE3.0. He used the term Honeypot. It is a slang term in the crypto community to describe a token that is suspected of being a scam.

https://twitter.com/zyzzcryptoX/status/1684442973403246595

The account advises people to stay away from investing in DOGE3.0.

DOGE3.0 Price Analysis

Investors should exercise caution when dealing with the DOGE3.0 token, as its price chart displays a warning. The token has also recorded a significant loss of previous gains. The appearance of a warning on the front of the chart is a major red flag. Despite attracting over 400 holders, the inability to sell tokens indicates a potential swindle.

The token boasts an impressive $1.15 million trading volume and a $239K market capitalization. Nevertheless, these figures should be approached with caution. Moreover, the reliability score of 48/99 from DEXTools adds another layer of concern to the situation.

While the market is bashing scam coins, consider WSM, YPRED, and CHMPZ, three meme coins that have better prospects.

Three Promising Alternatives to DOGE3.0

Wall Street Memes

Wall Street Memes, a new player in the market, has garnered significant attention. The project has raised an impressive $18.1 million during its presale. The coin has captured the interest of many, including notable figure Elon Musk. What sets Wall Street Memes ($WSM) apart from other meme coins is its unique tokenomics and strong community support.

Wall street meme $WSM easy.
As of now almost $18 raised in presale pic.twitter.com/Aaix8lL7Ki

— Bullish (@Bull_Runner10) July 26, 2023

Embracing the fascination with both meme culture and finance, Wall Street Memes has successfully formed a massive online community. This features over 1.1 million members. Drawing parallels to the infamous WallStreetBets subreddit and the GameStop short squeeze of 2021, this community-driven approach has been a major selling point for the project.

At the core of Wall Street Memes lies its native token, $WSM. The token has been carefully crafted to actively engage with the community and thrive on its growth. Notably, the project’s whitepaper outlines that 30% of the total $WSM supply will be reserved for community rewards. This demonstrates the development team’s commitment to incentivizing active participation.

Moreover, the indirect association with Elon Musk has further contributed to the buzz around Wall Street Memes. While the billionaire CEO has not directly endorsed the project, his interactions with the project’s Twitter posts have added to its credibility and appeal.

Early investors seized the opportunity to acquire $WSM tokens during the presale at a modest price of $0.0325. This factor has attracted meme coin enthusiasts worldwide and laid the groundwork for a potential surge in the near future.

Chimpzee

Chimpzee is an eco-conscious cryptocurrency platform that merges blockchain technology with environmental conservation. In its pre-release phase, Chimpzee aims to raise $1.47 million to empower users economically while supporting environmental charities. The Chimpzee Gold Passport, an NFT with unique designs, offers investors an opportunity, featuring a promising 18% yield when staked. Moreover, Chimpzee has already donated to wildlife protection, reforestation projects, and elephant conservation.

🌳🐒Unite with the #ChimpzeeArmy to be Earth's guardians! Together, we'll rescue wildlife and preserve nature!💪🌏

⏳Hurry! Don’t let the 125% bonus slip away before it decreases on the 1st of August!💰 Join the #Chimpzee #Presale now!🚀https://t.co/Geog3EVuMC #EcoCrypto pic.twitter.com/txNAZxGGkC

— Official Chimpzee Project (@RealChimpzee) July 27, 2023

With its pre-release progressing smoothly, Chimpzee incentivizes early participants with bonus tokens. It has plans to launch a merchandise store that rewards users with $CHMPZ tokens for purchases. The team envisions future developments, including an NFT marketplace and a play-to-earn game called “Zero Tolerance.”

The $CHMPZ token, to be listed on major exchanges, has deflationary characteristics, with tokens being burned to maintain value. Chimpzee’s eco-friendly approach allocates a significant portion of tokens to support charities.

Chimpzee offers crypto investors a unique opportunity to contribute positively to the planet while exploring potential profits. Fully verified and security-audited, Chimpzee stands as an exciting venture in the world of green crypto.

yPredict

yPredict, an AI-powered crypto research platform, has been creating a buzz in the crypto community during its presale phase. It achieved successful fundraising of over $3.17 million and boasts a waitlist of 20,000+ people eagerly anticipating the official launch. With these, yPredict has garnered immense attention.

🚀🎉 Exciting news! 🎉🚀

🔥 The #yPredict presale just hit another milestone! 🔥 We've successfully moved from Stage 6 to Stage 7, and things are heating up! 💥

💰 The presale price has now been raised to $0.10 from $0.09, reflecting the overwhelming demand and confidence in… pic.twitter.com/qcsEcMJye5

— yPredict.ai (@yPredict_ai) July 15, 2023

The platform’s primary goal is to offer users comprehensive tools and insights for data-driven decisions in crypto and SEO spaces. By harnessing the power of machine learning models, yPredict provides state-of-the-art predictive capabilities and data analysis. This makes it an invaluable resource for crypto enthusiasts and professionals.

The rising interest in AI-related cryptocurrencies, partly fueled by figures like Elon Musk entering the AI sphere, has further propelled yPredict’s popularity. Investors are keen on exploring potential growth opportunities. $YPRED presents an enticing prospect in reshaping crypto analytics and SEO practices.

👀 AI-related cryptos are soaring! 🚀 Don't miss out on the potential 10x growth of $YPRED! As Elon Musk enters the AI sphere, interest in AI-related cryptocurrencies is on the rise! Stay ahead of the curve! #AI #ElonMusk #Cryptocurrency #yPredict pic.twitter.com/FjUJKKwQoL

— yPredict.ai (@yPredict_ai) July 21, 2023

yPredict’s journey exemplifies the transformative potential of AI in revolutionizing the cryptocurrency landscape. Embracing the AI revolution with $YPRED allows users to stay ahead of the curve. You get to access advanced predictive models and data insights to redefine their approach to crypto investments.

yPredict continues to develop and refine its offerings, with the potential to reshape how investors approach crypto research and analysis. It empowers users with cutting-edge technology and valuable insights. These are part of a goal to set a new standard in the crypto analytics realm and contribute to the ever-evolving world of cryptocurrencies.