DOGS Price Plummets 19% In A Week As Investors Pivot To This SHIB Derivative For Its 894% APY

The
DOGS
price
dropped
15%
in
the
last
24
hours
and
19%
in
the
past
week
to
trade
at

$0.001288
as
of
3.30
a.m.
EST
on
trading
volume
that
plummeted
64%
to
$737.6
million.

DOGS
is
closely
connected
to
the
Telegram
community,
and
was
created
as
a
community-driven
initiative
on
the
TON
Blockchain
to
leverage
Telegram’s
massive
user
base
and
native
meme
culture.

The
meme
coin’s
price
has
recently
been
strongly
influenced
by
fundamental
factors,
specifically
the
fact
that
Pavel
Durov,
the
founder
of
Telegram,
was
both
arrested
and
released
within
a
single
week.
Durov
was
arrested
shortly
after
landing
in
France,
due
to
his
connection
to
Telegram,
which
was
enough
to
make
the
French
authorities
hold
him
responsible,
at
least
in
part,
for
enabling
criminals
to
share
illegal
content
and
organize
operations
using
his
privacy-enabled
messaging
app.

The
rally
in
support
of
Pavel
Durov,
who
was
detained
in
Paris,
is
ongoing
in
Moscow.

Protesters
are
bringing
paper
airplanes
to
the
French
embassy.

pic.twitter.com/quv2jxEapc

—
Russian
Market
(@runews)

August
25,
2024

Since
then,
there
was
a
massive
community
backlash
that
criticized
the
French
authorities
for
violating
the
freedom
of
expression
by
arresting
Durov,
who
has
been
released
after
paying
the
5
million
euro
bail.

Arrest
of
Pavel
Durov
is
a
disturbing
attack
on
free
speech
and
a
threat
not
just
to
Telegram
but
to
any
online
platform.

Governments
should
not
engage
in
censorship.
This
is
a
blatant
and
deeply
troubling
overreach
of
power.

—
Lex
Fridman
(@lexfridman)

August
25,
2024

Meanwhile,
the
Durov
debacle
affected
the
DOGS
price
in
one
way
or
the
other,
but
now,
the
token
has
started
to
fall
under
the
influence
of
the
wider
market,
which
once
again
finds
itself
under
a
strong
bearish
influence.

DOGS
Price
Prediction

The

DOGS
price
has
been
seeing
a
strong
dip
since
launch,
with
the
crypto’s
price
drop
being
driven
by
the
arrest
and
accusations
raised
against
Durov,
and
then
by
the
bearish
market.
With
that
being
said,
the
token
has
also
been
approaching
what
appears
to
be
its
bottom,
judging
by
several
technical
indicators.
However,
there
are
some
indications
that
it
might
bounce
back
very
soon.

The
token’s
Bollinger
Bands
have
been
going
through
a
pattern
of
sudden
narrowing
followed
by
a
surge
in
volume
that
pushed
them
further
apart
just
as
rapidly,
only
for
them
to
narrow
again
and
repeat
the
process.
Each
time
the
bands
start
drifting
further
apart,
the
token
would
see
a
small
recovery.
Right
now,
the
indicator’s
bands
are
once
again
seeing
the
distance
between
them
increase,
but
the
price
is
stuck
to
the
lower
band,
and
is
also
pushing
it
down.

In
other
words,
the
Bollinger
Bands
indicator
alone
presents
mixed
signals,
reflecting
the
conflict
between
the
bulls
and
the
bears
in
the
market.

The
bearish
market
is
still
stronger
at
the
moment,
which
can
be
seen
from
another
technical
indicator
—
the
Relative
Strength
Index
(RSI).
RSI
values
have
been
spiraling
down
from
the
overbought
zone
to
the
oversold
area,
signaling
that
traders
were
initially
buying
the
crypto,
but
have
then
started
massively
selling
their
DOGS
tokens.

The
RSI
sank
to
32.45,
which
is
close
to
the
30
oversold
zone.
Many
traders
take
that
this
as
a
signal
that
it
is
time
to
buy
the
dip.
For
now,
the
DOGS
price
is
still
dropping,
but
that
could
change
relatively
quickly
if
the
market
conditions
allow
it.

One
conclusion
to
draw
from
all
of
this
is
that
the
market
is
experiencing
strong
volatility
right
now
and
that
it
is
not
to
be
taken
lightly.
While
veteran
traders
know
what
they
are
doing,
even
they
are
exposing
themselves
to
major
risks
by
buying
DOGS
right
now.

Promising
Alternative
To
DOGS

With
the
price
of
DOGS
dropping,
opportunity
seekers
in
the
crypto
sector
can
either
wait
until
it
hits
the
bottom
and
try
to
buy
the
dip,
or
turn
to
a
safer
alternative.
Buying
the
dip
is
a
risky
move
with
crypto,
as
you
never
know
for
sure
that
the
bear
market
won’t
double
down
and
push
prices
even
further
down.
Alternatively,
if
you
can
find
a
high-potential
cryptocurrency
with
strong
utility,
great
demand,
and
catch
it
while
it
is
in
presale,
that
means
it
is
all
but
guaranteed
to
shoot
up
post-launch.

One
example
of
a
crypto
that
could
generate
returns
is

Shiba
Shootout
(SHIBASHOOT)
—
a
new
Shiba
Inu-inspired
meme
coin
that
introduces
a
unique
Wild
West
design.
More
than
that,
the
project
created
its
own
P2E
game
that
allows
users
to
engage
in
sharpshooter
duels.
Right
now,
the
game
is
a
fun
way
to
pass
the
time,
but
once
the
SHIBASHOOT
ICO
ends,
it
will
receive
a
Web3
update
that
will
let
you
earn
the
project’s
native
token
for
winning
the
duels.

There’s
no
stopping
us
sharpshooters
????
????

Stay
tuned
for
exciting
news!
and
join
our
telegram
for
weekly
cash
competitions!!!
????
????

https://t.co/b7R2u2mOsOhttps://t.co/bfZPVRsuhM#ShibaInu

#p2e

#shibashootout

#wildwest

#competitions

—
shibashootout
(@shibashootout)

August
29,
2024

Speaking
of
the
ICO,
it
recently
hit
$1
million.
The
SHIBASHOOT
token
sells
for
$0.02
right
now,
but
in
only
three
days,
it
will
see
another
scheduled
price
increase.
If
you
buy
it
before
this
increase,
you
can
get
the
meme
coin
at
the
best
rate.
SHIBASHOOT’s
price
will
only
continue
to
grow
as
the
presale
continues
to
progress
through
the
ICO’s
subsequent
stages.

SHIBASHOOT
is
available
in
exchange
for
ETH,
USDT,
BNB,
or
credit/debit
card,
and
you
can
join
by
heading
to
the
Shiba
Shootout
website.
ClayBro,
a
major
crypto
YouTuber
with
over
130K
subscribers,
recently
noted
that
the
project
has
massive
potential
and
that
analysts
are
expecting
to
see
it
on
Binance
soon
after
it
sees
its
first
listings.

Visit
SHIBASHOOT’s
official
website.

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