DOGS Meme Coin Crashes Ahead of Base Dawgz (DAWGZ) Launch: Cause For Concern?

The DOGS meme coin is facing significant selling pressure and is down nearly 11% today on Friday.  While the Telegram-based meme coin is still trending

DOGS Meme Coin Crashes Despite Binance Listing, Burning Brightly Still DOGS Meme Coin Crashes Despite Binance Listing, Burning Brightly Still The meme coin scene has been abuzz with the recent listing of the highly-anticipated DOGS meme coin on Binance. However, despite making an explosive debut on the exchange, burning through new all-time highs and clocking in billions in trading volume, the meme coin has since faced significant selling pressure. This has led to some concerns among investors, especially with the broader crypto market also showing weakness. In the meantime, a new meme coin – Base Dawgz (DAWGZ) – is gearing up for its highly-anticipated launch on September 4th. Smart money investors are eyeing 100x returns from it. Here’s a closer look at both stories. DOGS Meme Coin Crashes – Cause For Concern? After an explosive debut on Binance, with its price surging over 150% from the initial listing price, and being made available on other top-tier exchanges like Bybit and Bitget, clocking in a trading volume of over $2 billion on the first day and sparking a massive airdrop on the TON blockchain that led to an outage – attracting over 40 million investors to the airdrop as per Tonscan data – the meme coin has been facing substantial selling pressure since. It traded as low as $0.0012, which is over 20% below its all-time high of $0.00165. However, experts are still bullish on DOGS in the long term. It isn’t unusual for Binance listings to mark the local top for meme coins. Additionally, the airdrop is also contributing to the selling pressure as the beneficiaries cash out their profits. Most importantly, the broader crypto market is also showing substantial weakness. The Bitcoin price fell following the PCE data today, with meme coins like Floki, Popcat and Dogwifhat faring even worse. In fact, popular crypto trader Bala.ton (@Bala_ibb) is impressed with DOGS’s resilience. He cites its excellent marketing strategy and the upcoming utility as the key reasons behind his optimism. It isn’t surprising, then, that smart money investors are betting on a bullish reversal. Crypto analyst Unknown Trader (@Learnernoearner) has opened a long position on DOGS today, expecting the meme coin to rally to $0.00145 in the short term. #DOGS $DOGS LONG TRADE

ENTRY: 0.0012635 – 0.001244

TARGETS: 0.00132 – 0.00145

STOPLOSS: 0.0012085

All our trades shared first in our free telegram channel: https://t.co/WOASvlXDsH 🔗 pic.twitter.com/7htFB0n8uk

Similarly, CryptoGVR (@GVRCALLS) projects that the DOGS price could trade as high as $0.003 in the next 45 days, which would mean nearly 3x growth from its current price. The bulls would also hope for an improvement in the broader market sentiment. For instance, the Fed’s interest rate cuts in September could pave the way for another crypto bull run, resulting in new all-time highs for altcoins including DOGS. Investors will also closely watch the storylines surrounding Telegram founder Pavel Durov’s legal troubles in France. After all, the DOGS meme coin is based on Spotty, a meme that was drawn by Durov during a charity auction. Is Base Dawgz The Next 100x Crypto? A new meme coin – Base Dawgz (DAWGZ) – could be next to score a number of top-tier exchange listings. DAWGZ already has strong community backing, as is evident by the $3.2 million raised by the meme coin in its presale. With the token going live on DEXs on September 4th,踽々な鈉钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠钠