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The Sundog price surged 12% in the last 24 hours to trade at $0.2719 as of 3.20 a.m. EST on trading volume that skyrocketed 78% to $94.3 million.
However, its daily surge is still only a small increase compared to its weekly price boost of 81%, which saw the TRON-based meme coin go from $0.148 to its current price. Sundog remains TRON’s most popular meme coin, and its buyback and burn campaign has just completed 6 out of 30 days, burning a total of 511K TRX ($85K) worth of SUNDOG.
The more the token burns, the fewer there are in circulation, meaning that its supply is smaller and its price should go higher. Apart from that, Sundog was also recently listed on Bybit Perps, on International Dog Day no less, which brought even more attention to the project.
In other words, TRON’s meme coin campaign appears to be working, bringing more attention, value, and coin holders to its primary meme coin, and the TRON network itself. As a result, TRX managed to boost its market cap to just above $14 billion, currently ranking as the 9th-largest cryptocurrency by market cap.
Sundog Price Prediction
Sundog’s price saw a sharp surge about 24 hours ago which took the token’s value all the way up to $0.33, before it corrected to a support at $0.25. Since then, SUNDOG has seen a slight increase, which brought it to $0.27.
According to certain technical indicators, SUNDOG is currently still giving off bullish signs. Its Bollinger Bands have narrowed slightly, but the price is still pushing the upper band, which is a bullish signal.
Meanwhile, its Relative Strength Index (RSI) value has been climbing from the oversold zone in the past 12 hours, reaching the neutral area. Right now, it is pushing further up towards the overbought zone, which will likely trigger another correction when SUNDOG reaches it.
However, traders should be cautious even when trading based on technical indicators, as the current crypto market is trading in the red once again. This means that the TRON-based meme coin could start seeing a correction even before the RSI reaches the overbought zone.
In other words, the token finds itself in an uncertain position, which brings increased risk and a greater chance for losses, especially for inexperienced traders.
Promising Alternative To Sundog
While the Sundog price has performed well recently, and many expect it to complete its climb for some time longer, the wider crypto market is starting to trade in the red. It is likely only a matter of time before the bearish sentiment reaches Sundog too, cutting its climb short and causing a correction. Fortunately, there are alternative investments that are not affected by the bear market, such as Crypto All-Stars (STARS).
This is a relatively new meme coin project that has the potential to completely revolutionize one of the most popular activities in the crypto space — staking. The project was designed to allow users not only to stake its native cryptocurrency, the STARS token, but also any other major meme coin.
This is possible thanks to a new type of smart contract for staking known as MemeVault. The contract supports the likes of Dogecoin, Pepe, Brett, Floki, Turbo, Milady, and many more, with the potential to add others to the list later down the line. As such, Crypto All-Stars has positioned itself as the center of meme coin staking, with goals of uniting the meme coin sector and making staking simple, rewarding, and more available.
Right now, however, the project is still in the presale stage. It has raised over $795k in only two weeks while selling its STARS token for $0.0014078. Investors continue to pour capital into the project’s ICO as it rapidly approached the $800k mark. Anyone looking to invest in the meme coin early and pursue major profits should buy the token now before its price sees its next increase.
The project has already attracted the attention of numerous experts, including the crypto YouTuber Jacob Crypto Bury, who believes STARTS has 10X potential.
Purchase STARS on its official website here.
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