Dogs Price Tanks 30% in a Week as Traders Switch to This Promising New Meme Coin

Dogs Token Suffers Drop, While New Meme Coin, Pepe Unchained, Gains Traction

In a disappointing development, the Binance-listed meme coin Dogs has witnessed a 30% decline within the past week.

Factors Affecting Dogs' Performance

Despite Binance listings previously being a catalyst for meme coin growth, Dogs has faced setbacks due to several factors. Firstly, the crypto market is currently bearish, with low investor confidence. Secondly, Dogs launched with a substantial market capitalization, resulting in significant selling pressure.

Community Size and Price Action

Despite the decline, Dogs' sizable community suggests potential for recovery. Its price has stabilized around $0.001, potentially indicating a bottom. The correlation with Toncoin might provide further support in the future.

Traders Shift to Pepe Unchained

While Dogs has faced challenges, traders have been drawn to a new meme coin, Pepe Unchained. During its presale, Pepe Unchained has raised an impressive $12 million.

Pepe Unchained: Features and Hype

Inspired by the renowned Pepe the Frog meme, Pepe Unchained aims to establish a Layer 2 Ethereum blockchain specifically for meme coins. It offers advantages such as lower costs and faster transactions compared to Ethereum. Its dedicated Ethereum bridge and other features have attracted significant attention.

Industry Endorsement and Potential

Top traders have expressed confidence in Pepe Unchained's potential. Umar Khan from 99Bitcoins believes it could become the next "Pepe" and yield substantial returns.

Presale Opportunity

Investors can currently participate in the ongoing Pepe Unchained presale at a discounted price of $0.0094982. However, the price will increase as the campaign progresses.