Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

The crypto market is showing signs of a recovery today after falling significantly over the past 2 weeks. Altcoins and meme coins in particular such as Dogecoin (DOGE) and Shiba Inu (SHIB) have lost much of their value during this period.

Bitcoin is down about 2.2% on Thursday afternoon from a week ago at the level of $66,437. Dogecoin, on the other hand, is still down 11.35% on the week at $0.128 and Shiba Inu is at $0.0000189 after dropping 12.2% in the past 7 days.

At the moment, the crypto market may be undervalued, which is bullish for Bitcoin, but especially for dog meme coins like DOGE and SHIB. These tokens have lost much of their value, possibly due to investors who wanted to take less risk in recent weeks and decided to sell en masse.

What will meme coins do now that crypto is rising?

Altcoins have lost a large part of their value in a short period of time in recent weeks, so they may be undervalued at the moment and could provide a lot of profit. Dogecoin and Shiba Inu in particular are very bullish at the moment, due to the big declines they have experienced.

The on-chain analytics platform Santiment shared a graph in a tweet showing the current state of some of the best-known cryptocurrencies. For example, this shows that DOGE is down over 16% on its 30-day MVRV

Santiment indicates in the tweet above that the lower the 30-day MVRV is, the higher the chance that these tokens can skyrocket in the short term. This does not mean that altcoins such as DOGE and SHIB will rise again “one day”, but that this could happen in the coming days or weeks.

Although Shiba Inu has its own ecosystem, Dogecoin remains somewhat lacking in utility, as this token can in principle only be used as a means of payment on some platforms. Yet the 2 largest meme coins are for more and more purposes used, which means that they also have the potential to increase in value in fundamental areas.

Technically, the situation for Shiba Inu is very similar to that of Dogecoin. Both meme coins are currently at the bottom of their 200-day moving average (blue). This level currently forms a strong resistance, which – if broken – can turn into an area of ​​support again, with additional buying pressure.

After DOGE’s Relative Strength Index (RSI) fell below 30 this week and signaled that Dogecoin’s price is ‘oversold’ and is due for a recovery, it is now above 30 again. This indicates that the meme coin has regained momentum is building and could rise further in the coming days.

Another reason why DOGE and SHIB are more bullish on Bitcoin is the fact that BTC has a market cap of $1.3 trillion, many times higher than that of the two dog meme coins. Dogecoin currently has a market cap of $18.3 billion and Shiba Inu has a market cap of $11 billion.

In the event of a trend reversal, the Dogecoin price could rise again towards $0.20 with an increase of more than 58%. Shiba Inu on the other hand could still rise by over 100% to its March peak around $0.00004500. Of course, DOGE and SHIB remain meme coins, so the volatility that comes with this cannot be overlooked.

New Pepe meme coin with its own blockchain

This week a new meme coin was launched under the name Pepe Unchained. Unlike many other meme coins, it has developed its own Layer-2 blockchain on the Ethereum blockchain.

This gives the meme coin a unique position on the meme coin market, as the blockchain has lower transaction costs and can process transactions 100x faster than the original Ethereum chain.

The token will initially be offered through a presale, and you can now join in the very first phase. This means that you can buy the tokens at an extra affordable rate; you currently only pay $0.008 per token and that price will increase in 3 days.

Now to Pepe Unchained

Alternatives to DOGE and SHIB – Investing in these dog meme coins for new crypto rally?

Both Dogecoin and Shiba Inu have a significant market cap, which has its advantages. This way you can wake up in the morning without all your money suddenly disappearing because some whales dumped and caused your favorite meme coin to drop by 90%.

The only disadvantage is that you need a lot of capital to make a lot of money from meme coins with a market cap of several billions. As a result, it may be more beneficial for investors to find a middle ground by looking at smaller projects with a reliable team and a stronger foundation.

In this article we look at 3 alternative dog meme coins that are for sale in the presale. The advantage of this is that you can buy it for a low price and there is a large liquidity pool after launch, combined with reduced selling pressure thanks to the ability to stake for extra rewards.

PlayDoge (PLAY)

PlayDoge (PLAY) is the answer to the lack of utility that Shiba Inu and Dogecoin have. Although it is a meme coin on the outside, it is also the native token of the upcoming Play-to-Earn project that will go live soon. PlayDoge is inspired by Shiba Inu and the Tamagotchi from the 90s and can therefore attract a broad target group of young and old.

With the mobile app – currently in development – ​​you will be able to take care of your own virtual Doge and take it with you as a character in various arcade games. By taking good care of your pet, playing and achieving high scores, you earn PLAY as a reward. You can sell this token for money, stake it for passive income or use it within the game.

PLAY’s presale has been a great success so far, having raised over $4.9 million in three weeks. You can buy PlayDoge for $0.00511 each, but with the $5 million milestone just around the corner, this price will soon increase. By purchasing during the presale you will get early access to the staking pool where you will earn additional tokens with a current APY of 145%.

After the presale, PlayDoge will have its first exchange listing on decentralized exchanges. By then, chances are that a lot of FOMO (Fear of Missing Out) has arisen, driving the price further up. Given the high expectations that PlayDoge will go viral, the presale may be the best time to invest.

Now to PlayDoge

Dawgz Base (DAWGZ)

Another problem for SHIB and DOGE is the fact that many investors prefer to trade on their favorite blockchain. While Ethereum is one of the most expensive blockchains, alternatives such as Base, Polygon and Solana are an attractive alternative for traders. The new Base Dawgz (DAWGZ) works on multiple blockchains, so this meme coin won’t have the same problem.

Base Dawgz is an adventurous meme coin, with a mascot inspired by Shiba Inu, who loves skydiving. From his home base (Base), this dog explores various blockchains, including Ethereum, the BNB chain, Polygon, Avalanche and Solana. This makes it possible to trade and use DAWGZ on six different blockchains.

The use of six blockchains gives DAWGZ extra potential to go viral. It is also possible to invest via multiple blockchains during the presale, which means that the presale has already raised almost $2 million in 2 weeks. The price of DAWGZ is now $0.00527, but will soon rise before the meme coin is listed for an even higher price.

Soon it will also be possible to stake the meme coin and the sooner you do this, the higher your APY will be. If you are among the first to stake tokens in the staking pool, you can temporarily earn an APY of 1000% or more. By doing this you have the opportunity to get even more money out of your investment.

Now to Base Dawgz

Wiener AI (WAI)

WienerAI (WAI) is a brand new project that uses the power of Artificial Intelligence to give traders a better experience. With WienerAI’s emerging AI trading bot, you can easily find the best projects, find out what makes a good cryptocurrency and exchange tokens as cheaply as possible without extra costs.

The reason why newer meme coins like Floki Inu (FLOKI), dogwifhat (WIF) and Pepe Coin (PEPE) are generating so much profit is because they are moving with the times, while Dogecoin and Shiba Inu are becoming outdated. For this reason, WienerAI could also deliver a lot of profit to early investors, just like DOGE, SHIB and many other meme coins have done.

WienerAI has had a very successful presale, raising over $6 million. During the current phase, you can buy WAI for $0.00072 each and stake early with a current APY of 189%. After the presale you will be able to use WAI to access additional features of the AI ​​trading bot.

With the rising popularity of AI crypto and WienerAI’s growing “Sausage Army” community, WAI is likely to increase significantly in value after launch. This makes the presale the perfect time to step in to achieve a return of perhaps x10 or more in the short to medium term.

Now to WienerAI

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

Source: https://cryptobenelux.com/2024/06/21/shib-doge-meer-bullish-dan-bitcoin-investeren-in-deze-honden-meme-coins-voor-nieuwe-crypto-rally/

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