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After a period characterized by notable gains, Beercoin (BEER) suffered a notable drop of almost 50% last weekwhile it now reaches over 65% and is trading around $0.0001766.
Faced with this sudden rise and fall, which can very frequently characterize meme coins in particular, traders are focusing their attention on two very interesting new presales: Base Dawgz has surpassed $1.5 million in presale thanks to its multi-chain nature, while PlayDoge is over $4.6 million and wants to stand out in the sector GameFi.
BEERCOIN: rise and fall
BEER it is a token that has enjoyed great success after launch on DEX-based Solana at the end of May. The meme coin increased by more than 6,300% in the three weeks following its open market debut.
At its peak, BEER reached a market capitalization of $300 million, while today it is just above $97 million. Its rise was driven by the hype that invaded X, where small investors began to create “Beerionaire” missions.
Source: CoinMarketCap
However, this rise was followed by a nosedive following profit-taking by traders. Trading volumes decreased by 31% to 289 million dollars, although today they appear to have recovered by 57%, but are stuck at $183 million.
Furthermore BEER is forming a bearish flag pattern on the 4-hour chartwhich often precedes another price drop.
BEERCOIN: what’s behind the collapse?
But What is hidden behind the collapse of the price of BEERCOIN? It seems that everything is due to a crypto whalewhich would have played part in a calculated scheme of pump-and-dump. The tracker of Lookonchain tweeted that a large holder of BEER has been systematically selling huge amounts of the token in order to drive down its price.
As a result, small investors panicked and sold, thus fueling the downtrend. So the crypto whale buys BEER tokens again, this time at a lower cost, thus driving the price up.
In the end, the whale cashes in big by selling its tokens again: this strategy has drained millions from the pockets of BEER holders. However, it seems that the project team has nothing to do with this strategy.
Meanwhile, traders are focusing their attention on two new presale projects: Dawgz and PlayDoge base they seem to have a good opportunity to explode with the listing.
DAWGZ is Base’s new meme coin that surpasses $1.5 million with its cross-chain nature
Due to the BEERCOIN sell-off, traders are focusing on other projects that appear profitable and have good opportunities for the future: one of them is Basic Dawgz. This dog themed token has passed $1.5 million pre-salewhich currently sees a token costing $0.00502 each.
Thanks to the funny memes, allo share-to-earnwhich allows you to earn tokens just by sharing the links of the project, and the hype created by it multi-chain naturethe project continues to enjoy great success.
Even YouTubers have shown their interest in the project: not only that Jacob Crypto Bury who speculates that DAWGZ could be Base con’s “next meme coin 100x potential“, but also Felice Grimaudo who talks about the project’s airdrops.
So, while BEER capitulates, DAWGZ is showing remarkable staying power: with DEX listings and a staking protocol in the works, this token could have great things in store for the future. Here are the predictions on the value of DAWGZ.
PlayDoge tops $4.6 million with Tamagotchi-style P2E game
Investor interest is also monopolized by PlayDoge, a new project that combines the fun of memes with a profitable, attention-grabbing, play-to-earn game of all lovers of 90s 8-bit style games.
The game in question takes place in Tamagotchi style and features a Doge, who will have to be looked after by users if they want to earn money PLAY tokennative to the project, built on Binance Smart Chain.
In addition, this meme coin can counteract the volatility factor thanks to its real usefulnessgiven in particular to staking, available since pre-sale: at the moment there are over 115 million tokens blocked, with a 163% APY.
To participate in the PLAY pre-sale, simply connect your crypto wallet to the official PlayDoge page, and exchange ETH, USDT, BNB with the desired amount of tokens, or use fiat money via a bank credit/debit card.
To stay updated on project news, you can also join the Playdoge community on X And Telegram.
*This item has been paid for. Cryptonomist did not write the article or test the platform.
