Dogecoin Price Prediction: DOGE Drops 6% As Whale Buys $500k Of This Cat-Themed Meme Coin Before “Major Announcement”

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The
Dogecoin
price
plunged
6%
in
the
last
24
hours
to
trade
at
$0.415
as
of
2
a.m.
EST
on
trading
volume
that
edged
up
1%
to
$10.31
billion.

The
world’s
largest
meme
coin
is
still
up
3%
on
a
weekly
chart,
but
it
has
suffered
a
strong
price
decline
since
the
start
of
this
week.
Initially,
its
price
reached
the
value
of
$0.4575
early
Monday
morning,
which
was
followed
by
a
sharp
decline
to
the
support
at
$0.40.

After
that,
the
coin
recovered
slightly
and
stabilized
just
under
the
resistance
at
$0.43,
but
now
it
appears
that
this
resistance
is
rejecting
it
as
well.

Dogecoin
Price
Prediction


Dogecoin’s
price

has
suddenly
dipped
in
the
last
few
hours,
and
its
technical
indicators
suggest
that
the
price
is
likely
to
drop
even
further
in
the
hours
to
come.

The
meme
coin’s
Bollinger
bands,
for
example,
have
tightened
in
the
last
8
hours
or
so,
and
while
the
price
has
moved
from
the
lower
band
to
the
upper
one,
and
then
back
to
the
middle
point
between
the
two,
the
new
decline
has
pushed
it
back
down.
As
of
the
time
of
writing,
the
sharp
dip
has
pushed
it
beyond
the
boundaries
of
the
bottom
band,
suggesting
that
a
massive
sell-off
is
taking
place.

Dogecoin Price Prediction

The
coin’s
Relative
Strength
Index
shows
this
as
well,
as
its
value,
which
previously
fluctuated
between
40
and
60,
is
now
spiraling
down
toward
the
oversold
area.

While
it
is
possible
that
traders
will
move
in
to
buy
the
dip
once
the
RSI
hits
the
value
of
30,
the
new
bearish
wave
seems
to
be
quite
strong,
and
it
may
push
the
RSI
deep
into
the
oversold
zone
before
a
recovery
is
due.

For
the
moment,
most
meme
coins
seem
to
be
quite
volatile
and
unpredictable,
so
investing
in
them
can
be
risky.
Even
so,
there
are
some
solid
meme
coin
investments
that
might
serve
as
good
alternatives
to
Dogecoin.

Promising
Alternative
To
Dogecoin

One
of
the
best
alternatives
to
Dogecoin
right
now
is

Catslap
(SLAP)
.
Not
only
is
it
one
of
the
hottest
new
tokens,
but
it
also
has
surged
75%
over
the
last
24
hours.

Catslap
describes
itself
as
crypto’s
most
aggressive
feline,
and
it
aims
to
use
this
aggression
to
challenge
the
highest-ranking
meme
coins
and
slap
its
way
to
the
top
of
the
list.

It
recently
introduced
a
slapping
mini-game
on
its
platform,
which
now
comes
with
a
Slap-To-Earn
model
that
lets
you
connect
your
wallet
and
earn
SLAP
tokens
as
you
do
your
slapping.

As
for
the
project’s
current
price
surge,
it
came
after
a
wallet
believed
to
belong
to
Jump
Trading

a
whale
investor
from
a
Chicago-based
proprietary
trading
house

bought
around
$500,000
worth
of
SLAP
tokens.

The
purchase
was
likely
made
due
to
Catslap’s
upcoming
announcement,
which
the
project
hinted
at
on
its
website
a
while
ago,
even
adding
a
countdown
which
now
shows
that
the
announcement
will
be
made
in
two
days.

Even
major
crypto
experts,
such
as
YouTuber
TodayTrader,
who
has
over
13k
subscribers,
suggested
that
Catslap
could
be
the
next
big
thing.

With
all
the
support
and
encouragement
from
the
community,
Catslap
has
been
performing
rather
well
lately,
while
its
price
skyrocketed
to
$0.005707
as
of
the
time
of
writing.

As
for
the
project’s
Slapometer,
a
counter
that
measures
the
number
of
slaps
and
thus
signals
community
engagement
levels,
it
has
been
adding
tens
of
millions
of
slaps
per
day
since
the
Slap-To-Earn
function
was
implemented,
currently
sitting
at
88.2
million
slaps.

The
project
already
burned
10
million
SLAP
tokens
when
the
Slapometer
hit
10
million
slaps,
and
it’s
now
burned
a
total
of
more
than
38.6
million
tokens.


Buy
SLAP
tokens
here

before
a
major
announcement
in
2
days.

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