- Price and Trading Volume Surge
- Forecast and Analysis
- Shiba Shootout Raises $1M in Presale
The Dogs meme token has captured attention following a 15% price increase after its listing on Binance. This comes amid a broader market struggle, highlighting Dogs' strength among other cryptocurrencies.
Price and Trading Volume Surge
Today, Dogs has seen significant growth in attention. The new Toncoin-based meme token is off to an explosive start following its listing on Binance. Investors are pouring in to trade the latest meme token hype, reflected not only in its price action but also in it being the number one trending cryptocurrency on CoinMarketCap today.
Dogs' trading volume stands at $1.9 billion, making it the most traded meme token. Pepe is second, with a trading volume of $739 million. Such high trading activity has led to brief network outages on Toncoin and even caused Binance and other exchanges to halt Toncoin deposits and withdrawals.
quote: { "type": "CITE_W_A", "text": "$TON withdrawals are suspended on @binance", "author": "Crypto King" }
While not ideal for Dogs and the broader Toncoin ecosystem, it does reflect the unwavering market interest in the new meme token.
Forecast and Analysis
Dogs is currently trading at $0.001465, up 15% today but down 8% since its CoinMarketCap launch price, holding a market cap of $756 million.
quote: { "type": "CITE_NA", "text": "Longed $DOGS. Hope they don't hunt me this time.", "author": "The Crypto Tom" }
Analyst The Crypto Tom anticipates a move to $0.0018 shortly. He notes that DOGS is holding support above an old resistance, indicating today's uptrend can continue. Meanwhile, David Arnal highlights that Dogs' trading volume well outweighs its market cap, something he deems "Ultra bullish."
quote: { "type": "CITE_W_A", "text": "So, the $DOGS market cap is $700m, and the daily volume is $1.7b? This is ultra bullish! I am buying this bull pennant. My targets are optimistic but reasonable!", "author": "David Arnal" }
Shiba Shootout Raises $1M in Presale
Another new meme token that traders are pivoting to is Shiba Shootout. It is currently undergoing a presale, enabling investors to buy in early. The Shiba Inu-themed meme token, emphasizing utility, has experienced high presale demand, with the total raise surpassing $1 million.
The project has already launched a game on the App Store and Google Play Store, likely driving much of its early interest. The game, Shiba Sharpshooter, is themed around the Wild West and is based on skill and timing.
Additionally, the Shiba Shootout token offers utilities like governance, a lottery, staking, and more. The staking feature is live, giving investors passive rewards valued at an 895% APY.
While the broader crypto market fights to stay afloat, investors are finding shelter in various new meme tokens, including Dogs and Shiba Shootout, underscoring their independence from the overall cryptocurrency market dynamics.
