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The Sundog price skyrocketed 104% in the last 24 hours to trade at $0.1705 as of 4 a.m. EST on trading volume that surged 26% to $54.9 million.
The token has surged 160% in the past week to reach a new all-time high. The recently launched token attracted a lot of attention as whales got involved within the first few days of its launch.
Crypto experts started noticing massive buy orders for the token, which pumped its price up, including a 450k buy reported yesterday, August 19.
OMG SOMEONE JUST SLAPPED A 450k BUY ON $SUNDOG.
SEND IT FUCKING HIGHER AGHHHHHH. pic.twitter.com/jJdhivMxWw
— CRYPTO WASTA (@cryptowasta) August 19, 2024
Others have noted that the meme coin has the support of Tron founder Justin Sun.
I see @justinsuntron supporting $SUNDOG. This man is probably second to CZ as the richest man in the crypto
He doesn’t need money
Dude wants to send the flagship dog meme to billions to bring all the attention to TRON dexes and ecosystem
It’s happening
@SUNDOG_TRX ARMY
— STILL K.A.P.O (@KAPOTHEGOAT01) August 19, 2024
The TRX price itself saw a 15% surge in the past week, and a 7% surge in the last day, allowing the token to re-enter the top 10 largest cryptos by market cap after years of trying to regain its old popularity.
SUNDOG Price Prediction
The SUNDOG price skyrocketed as the community started rapidly buying the token, including retail traders and investors, but also whales, as mentioned earlier. However, the big question is what to expect next.
So far, the token’s price has been going up and quickly handling any resistance that it encountered. Its technical indicators also show strong bullish behavior among traders and investors, which can be seen by the fact that its Bollinger bands are among the widest they have been since launch, with the price still pushing the upper band further up.
Meanwhile, its Relative Strength Index (RSI) value has ventured deeply into the overbought zone, which might be worrying for those looking to buy SUNDOG right now. Typically, when the RSI value climbs this high, traders tend to start selling to take profit before a correction begins.
In other words, it is only a matter of time before this starts happening. This means that SUNDOG is bound to see a correction in the next few hours, but depending on its severity, there might be new opportunities to join the project by buying the dip.
Anyone looking to do so should be aware that this will be a very risky move, and that it should not be done by someone who lacks extensive experience and trading knowledge.
Promising Alternatives to SUNDOG
While the SUNDOG surge is currently still ongoing, many believe that it is too late to buy now, as the token is already heavily overbought and could correct at any time.
Instead, there are less risky alternatives out there among the other meme coins, especially those still in presale, that have fixed prices and are not subject to regular crypto volatility before launch.
One of the best examples is the Base blockchain’s Base Dawgz (DAWGZ). This is a dog-based meme coin that was designed to be a multi-chain project.
In other words, while it was developed on Base, it will run simultaneously on five different chains once its ICO ends and the project goes live.
Furthermore, the project will use advanced technologies, such as Wormhole and Portal Bridge to enable seamless sharing of funds between the supported blockchains, including Ethereum, Base, BSC, Avalanche, and Solana.
This means that DAWGZ holders will be able to easily move money from chain to chain as needed, whenever they spot a new opportunity on any of these chains, with no need to convert their coins or use stablecoins, wrapped cryptos, and the like.
The project has even attracted the attention of major crypto experts such as ClayBro, a crypto YouTuber with over 130k subscribers, who said that investors shouldn’t miss out on Base Dawgz.
Speaking of the project’s ICO, it is now within a whisker of hitting its next major milestone, which is $3 million. So far, the presale raised $2.97 million, and it stands a good chance to hit the next milestone by the end of the day.
GM $DAWGZ and welcome to a new week!
We are so close to reaching $3M! Just a small push and we'll be there 🪂 pic.twitter.com/PS9UGfwhMb
— Base Dawgz (@BaseDawgz) August 19, 2024
Its token, DAWGZ, sells for only $0.008173, and you can buy it with ETH, USDT, USDC, BNB, BUSD, AVAX, or SOL.
Visit the official DAWGZ website here.
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