Like all other dog-themed coins Dogwifhat has faced significant obstacles along the bear market. As a matter of fact, its price has made itself drop out of the top 50 coins by market cap.
To add to that, coins aren’t stabilizing as all major coins are trading in red right now. Bitcoin has a 6% price decrease, Ethereu, 1.3%, and BNB 2.8% lower prices than to those 7 days ago.
However, experts are pointing towards the new PlayDoge ($PLAY), Pepe Unchained ($PEPU), WienerAI ($WAI), and Base Dawgz ($DAWGZ) projects as the ones with the biggest ROI potential.
Let’s take a closer look below.
Despite earlier speculation that Dogwifhat might reach the $10 mark, its price has remained steady at $1.91, reflecting a 10% decrease from last week. Several factors contribute to this outcome, but the primary reason appears to be mass sell-offs by large whale investors.
Blockchain data reveals that a major WIF whale transferred 12.66 million tokens, valued at around $23.4 million, to the Binance exchange in two separate transactions. This significant deposit likely indicated an intent to sell, which put downward pressure on the price.
The whale activity continued on June 20, when another large holder offloaded 5.97 million WIF tokens, worth $12.1 million at the time, to Binance. This same whale later sold an additional 6.84 million tokens, valued at approximately $11.3 million. These large-scale sell-offs have not only directly impacted the price but also shaken investor confidence, prompting further selling.
Therefore it isn’t surprising that investors are looking for safer and more promising options like PlayDoge ($PLAY), Pepe Unchained ($PEPU), WienerAI ($WAI), and Base Dawgz ($DAWGZ).
Let’s see the details below.
PlayDoge ($PLAY) is set to make a significant impact in the Play2Earn sector with its upcoming mobile game, which is a modern take on the classic Tamagotchi Pets.
This new version brings back the nostalgic experience of caring for a virtual pet, but with a twist: players earn $PLAY tokens as rewards for their efforts.
The original Tamagotchi game was a global phenomenon, selling over 90 million units and becoming a household staple.
Players must take care of their pets, earning $PLAY tokens for their actions. While new pets are more resilient than originals, neglecting them can still result in their running away or dying.
The game also features a leaderboard system where top players are rewarded with additional tokens for accumulating the most experience points (XP). This competitive element adds an extra layer of engagement and incentive for players.
The presale for PlayDoge has been incredibly successful, raising over $5 million. Currently, $PLAY tokens are priced at $0.00512, making it an attractive entry point for investors.
Pepe Unchained ($PEPU) is the latest crypto project aiming to capitalize on the PEPE frog meme niche. This trend has garnered considerable attention due to its familiar design and beloved memes, which resonate deeply with investors.
What sets Pepe Unchained apart is that it is the first meme coin to operate solely on its new Pepe Chain, a layer-2 solution that effectively addresses Ethereum’s scalability issues. This upgrade is crucial for day-to-day trading, providing faster and more cost-effective transactions.
The project is gaining significant momentum, having raised over $800,000 within days of its ICO launch. This rapid fundraising underscores the strong appeal of Pepe Unchained among investors.
Staking is another key component of this project. In its tokenomics plan, 30% of the total supply is allocated for staking. The annual percentage yield (APY) currently stands at an impressive 3700%, though this rate is expected to decrease as more $PEPU tokens are staked.
WienerAI ($WAI) is the latest dog-themed meme project that uniquely combines artificial intelligence with cryptocurrencies. The centerpiece of this innovative project is an AI bot designed to enhance trading for both experienced and novice investors.
The WienerAI bot uses advanced artificial intelligence to analyze the market deeply, improving trading predictability. By forecasting when prices are likely to rise or fall, the bot serves as a valuable tool for investors looking to make informed decisions.
The ongoing presale for WienerAI has been remarkably successful, raising nearly $6.4 million in a short period. With the current token price at $0.000722, it presents an attractive opportunity for investors aiming for profitable returns.
WienerAI also boasts a strong community presence, with over 14,000 followers on Twitter and nearly 12,000 subscribers on Telegram. These followers receive regular updates about the project’s milestones, highlights, plans, and developments.
Base Dawgz ($DAWGZ) is the latest meme coin designed to capitalize on multiple blockchain interoperability. This feature allows for seamless swaps between chains, enhancing security and stability while reducing transaction fees and improving speed.
While Base is its native blockchain, you can also acquire $DAWGZ on Ethereum, Solana, Binance Smart Chain, and Avalanche, thanks to this advanced technology.
An intriguing aspect of Base Dawgz is its Share2Earn concept. Users who create and share content related to Base Dawgz earn points, which can be redeemed for $DAWGZ tokens.
This approach not only incentivizes community engagement but also leverages the community for marketing efforts, complementing the designated marketing allocation in the tokenomics.
The presale for Base Dawgz has been remarkably successful, raising over $2 million in record time. This strong start highlights the growing interest and confidence in the project.
Bear market has taken its fair share of coin value, in this past period. This has further fueled investor's insecurities about their next trades.
To add to that, Dogwifhat had astonishing price drops, increasing the indecisiveness of the crypto community that is looking to make profits in this period.
Therefore it’s not surprising that lots of investors have turned to the meme coin market. Leading industry experts are saying that PlayDoge ($PLAY), Pepe Unchained ($PEPU), WienerAI ($WAI), and Base Dawgz ($DAWGZ) have the biggest return potential.
They all are a must-have for all crypto portfolios!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.