The Sundog worth skyrocketed 104% within the final 24 hours to commerce at $0.1705 as of 4 a.m. EST on buying and selling quantity that surged 26% to $54.9 million.
The worth of Sundog (SUNDOG) has skyrocketed 104% up to now 24 hours to commerce at $0.1705 as of 4 a.m. EST on buying and selling quantity that surged 26% to $54.9 million.
The token has surged 160% up to now week to succeed in a brand new all-time excessive. The just lately launched token attracted loads of consideration as whales obtained concerned throughout the first few days of its launch.
Crypto specialists began noticing large purchase orders for the token, which pumped its worth up, together with a 450k purchase 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 famous that the meme coin has the help of Tron founder Justin Solar.
I see @justinsuntron supporting $SUNDOG. This man might be second to CZ because the richest man within the crypto
He doesn’t want cash
Dude desires to ship the flagship canine meme to billions to carry all the eye to TRON dexes and ecosystem
It’s taking place
@SUNDOG_TRX ARMY
— STILL Okay.A.P.O (@KAPOTHEGOAT01) August 19, 2024
The TRX worth itself noticed a 15% surge up to now week, and a 7% surge within the final day, permitting the token to re-enter the highest 10 largest cryptos by market cap after years of attempting to regain its previous recognition.
SUNDOG Value Prediction
The SUNDOG worth skyrocketed because the neighborhood began quickly shopping for the token, together with retail merchants and traders, but in addition whales, as talked about earlier. Nevertheless, the large query is what to anticipate subsequent.
Up to now, the token’s worth has been going up and rapidly dealing with any resistance that it encountered. Its technical indicators additionally present robust bullish habits amongst merchants and traders, which might be seen by the truth that its Bollinger bands are among the many widest they’ve been since launch, with the value nonetheless pushing the higher band additional up.
In the meantime, its Relative Power Index (RSI) worth has ventured deeply into the overbought zone, which may be worrying for these seeking to purchase SUNDOG proper now. Usually, when the RSI worth climbs this excessive, merchants have a tendency to start out promoting to take revenue earlier than a correction begins.
In different phrases, it’s only a matter of time earlier than this begins taking place. Which means that SUNDOG is sure to see a correction within the subsequent few hours, however relying on its severity, there may be new alternatives to hitch the mission by shopping for the dip.
Anybody wanting to take action ought to be conscious that this will probably be a very dangerous transfer, and that it shouldn’t be achieved by somebody who lacks intensive expertise and buying and selling information.
Promising Alternate options to SUNDOG
Whereas the SUNDOG surge is at the moment nonetheless ongoing, many imagine that it’s too late to purchase now, because the token is already closely overbought and will appropriate at any time.
As an alternative, there are much less dangerous alternate options on the market among the many different meme cash, particularly these nonetheless in presale, which have mounted costs and aren’t topic to common crypto volatility earlier than launch.
Among the finest examples is the Base blockchain’s Base Dawgz (DAWGZ). It is a dog-based meme coin that was designed to be a multi-chain mission.
In different phrases, whereas it was developed on Base, it is going to run concurrently on 5 completely different chains as soon as its ICO ends and the mission goes dwell.
Moreover, the mission will use superior applied sciences, corresponding to Wormhole and Portal Bridge to allow seamless sharing of funds between the supported blockchains, together with Ethereum, Base, BSC, Avalanche, and Solana.
Which means that DAWGZ holders will be capable of simply transfer cash from chain to chain as wanted, each time they spot a brand new alternative on any of those chains, without having to transform their cash or use stablecoins, wrapped cryptos, and the like.
The mission has even attracted the eye of main crypto specialists corresponding to ClayBro, a crypto YouTuber with over 130k subscribers, who stated that traders shouldn’t miss out on Base Dawgz.
Speaking of the mission’s ICO, it’s now inside a whisker of hitting its subsequent main milestone, which is $3 million. Up to now, the presale raised $2.97 million, and it stands likelihood to hit the following milestone
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