SUNDOG On Tron Soars 61% As Experts Say This Olympics ICO Might Be The Best Crypto To Buy Now

The Sundog value soared 61% within the final 24 hours to commerce at $0.2564 as of 5.10 a.m. EST on buying and selling quantity that surged 20% to $66.6 million.

Prior to now 4 days, the token has skyrocketed 295%, hitting an ATH when it climbed to $0.2706.

Because the Tron community’s first meme coin, Sundog has attracted large quantities of consideration and capital.

The mission’s neighborhood has been extraordinarily excited and supportive, with many demonstrating a constructive outlook on the token’s worth within the brief and long run.

All the joy has enabled SUNDOG to surge whilst nearly all of the market trades within the crimson.

I’m simply gonna put this right here and let ya determine wassup with this.

Research the patterns, @justinsuntron and @SUNDOG_TRX shall be holding each my fingers in the direction of vahalla.

Solar is the restrict, see you @ my seaside home. pic.twitter.com/hveuFriYMA

— Kuromi (@0xkuromi) August 21, 2024

The bullish outlook even allowed TRON’s native cryptocurrency, TRX, to re-enter the listing of the highest 10 largest cryptos by market cap.

Prior to now 24 hours, the coin has been placing an increasing number of distance between its personal market cap and that of Cardano, the previous tenth largest coin, which has slipped to the eleventh spot — all due to Sundog and the eye it dropped at the TRON community.

Sundog Worth Prediction

The Sundog value has seen a serious surge within the final day, however its value seemingly encountered robust resistance at $0.28. This barrier stopped the token’s development and brought on a slight correction as of the time of writing.

Now, technical indicators equivalent to Bollinger bands counsel that the token could be part of the remainder of the market and fall underneath the affect of a bearish wave.

The bands have began narrowing, solely barely in the interim, however the value is not caught to the higher band. As an alternative, it’s presently within the center, between the 2, which remains to be not a particularly bearish signal, nevertheless it means that the hype could also be over.

This conclusion is backed by the token’s Relative Energy Index (RSI) worth, which additionally dropped from the overbought space and is presently approaching the impartial zone.

This implies that the consumers have began promoting the accrued tokens, more likely to take revenue whereas the value is excessive, and keep away from struggling losses by holding on to the token whose value is about to spiral down.

Sundog might nonetheless see a brand new surge, after all, particularly if the merchants transfer in to purchase the dip. Nevertheless, on condition that the general market sentiment is presently bearish, it’s extra seemingly that the token’s value will fall in step with the remainder of them, somewhat than see a rally of its personal.

Promising Options to Sundog

Whereas Sundog has been a superb alternative for early traders, its current struggles could also be a sign that the mission has reached its restrict in the interim.

Nevertheless, this isn’t the one alternative value contemplating now. One other meme coin that’s attracting consideration is a lately launched ICO often known as The Meme Video games (MGMES).

It went stay shortly earlier than the beginning of the 2024 Olympics. Generally known as the Olympic token, the mission shouldn’t be particularly devoted to this yr’s Olympic Video games, however somewhat, to its personal model of the traditional occasion.

Merely put, The Meme Video games introduces its personal meme Olympics, the place 5 main meme coin entities — Dogecoin, Brett, Pepe, Dogwifhat, and Turbo — are the competing athletes.

Customers who be part of the ICO get to pick which of the 5 they want to again, and if their chosen athlete wins one of many disciplines, they get a reward for choosing the winner that quantities to 25% of their authentic token buy.

Customers can even change which athlete they assist by rejoining the ICO and shopping for extra of the MGMES tokens.

Crypto YouTuber ClayBro, with greater than 130k subscribers, lately speculated that it may very well be a 100x gem.

The ICO has raised over $376k and sells for $0.0093. It may be purchased with ETH, BNB, USDT, or credit score/debit playing cards.

Remember the fact that the MGMES token will see a value improve in underneath 4 days, and its ICO will finish on September 10. Time to speculate is working out.

Go to MGMES on the official web site right here.

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