Dogecoin (DOGE) dropped more than 5% on Tuesday, extending its losses since Sunday’s highs to nearly 10% as the crypto market’s bullish momentum fades. As a result, Dogecoin holders are now turning to a new ICO as they target big 20x or 1,899% potential returns.
DOGE was last around $0.1280, having slid back below its 200DMA.
The uptrend that has been in play for around one and a half weeks doesn’t seem to have snapped yet.
Indeed, Dogecoin remains over 40% up from earlier monthly lows.
That said, the crypto market’s recovery leaves it vulnerable to profit-taking.
Big upcoming events, such as the launch of Ethereum ETFs and Donald Trump‘s speech at the Nashville Bitcoin conference, could be the trigger.
Readers can find out more about how Donald Trump affects the Bitcoin market here.
Profit-taking Dogecoin investors are unsurprisingly keenly checking out high-potential alternatives.
One exciting meme coin that might be worth checking out is a new ICO called Base Dawgz.
The new Base meme coin is launching with exciting multi-chain bridging, or base jumping, capabilities.
As a result, Cryptonews’ in-house team of analysts rank Base Dawgz as one of the 16 best meme coins to buy this month.
Cryptonews.com’s Chester explains in a recent video why he thinks DAWGZ has 100x potential.
Here’s why this new ICO could be one of summer’s best meme coin plays.
Visit Base Dawgz Here
DAWGZ is a base-jumping Shiba Inu cartoon that hops between the five most used blockchains (aside from Bitcoin). These include Base, Ethereum, BNB, Avalanche, and Solana.
In just a few months, investors have already invested close to $2.7 million in the new ICO, and early demand for the token is hot.
Read more on cryptonews.com