3 Reasons The Dogecoin Price Could Keep Falling But These 4 New Coins Could 10x
The volatility over the past week has been something to behold in the markets, and has wiped out of all the gains that were made in the Dogecoin market since Elon’s acquisition of Twitter. Nevertheless, there are some projects that seem more promising for investors looking for higher returns on their investments.
Controversy at Twitter may not be good for Dogecoin
Elon’s acquisition of Twitter has put him in the spotlight recently, and his work as the CEO of Twitter hasn’t exactly been without controversy.
With each passing day he fires more people, changes some features, and announces new developments at the platform.
However, there are some who are concerned that becoming such a polarising figure in such an adversarial environment may reflect badly for the Dogecoin price, which is largely fuelled by his whims.
The FTX collapse may prolong the bear market
It is impossible to ignore the possibility that the collapse of FTX will prolong the bear market moving forward, as contagion spreads throughout the industry.
There were many firms that held their treasuries on FTX, many who lent them capital, and many who have exposure through second order effects.
This is likely to be a huge problem for the markets moving forward, as the extent of the contagion becomes more apparent.
Meme coins like Dogecoin suffer in “risk off” conditions
As the epitome of a “risk on” asset, meme coins like DOGE tend not to trade so well when the markets are retracing.
“Risk on” asset classes are the most volatile, and given that we are in the depths of a bear market it is only logical that assets such as DOGE have been selling off hard.
The Impact Project is focused on changing the world of carbon credits by having them as NFTs on chain.
Rather than rewarding companies for reducing their carbon footprint, consumers are rewarded for supporting such companies.
When a company scores highly on ESG metrics, they are eligible to be onboarded to the IMPT platform, which is a shopping platform focused on rewarding the aforementioned companies.
By pioneering “responsible shopping”, IMPT hopes to use the world of cryptocurrencies to change the state of carbon emissions for the better.
Dash 2 Trade is a brand new crypto signals and trading platform that is currently in its presale.
For those who have been speculating on the volatility over the course of the last week, Dash 2 Trade is the perfect project to get involved with, since it comes replete with a range of features and tooling that traders won’t be able to find anywhere else, with a user interface that is easy to understand.
Calvaria is a play to earn gaming project that allows players to curate their own specialised card packs and to battle against one another.
The RIA token is the lifeblood of the ecosystem and is used for the distribution of play to earn rewards as well as as the governance token for the Calvaria DAO.
When one compares a fledgling project like Calvaria with Dogecoin, the contrasts in utility thanks to the gamification become apparent. Not only this, but given Calvaria’s relatively small market cap, there is far more potential for upside.
TARO is the native token of the RobotEra ecosystem, which is a brand new metaverse built around the world of robots, and is challenging preexisting metaverse giants such as Decentraland and the Sandbox.
As a brand new metaverse project entering the space, many speculators are bullish on the value of the TARO token moving forward, and the presale has been selling out extremely quickly.
Calling All Crypto Lovers!
Robotera presale is now live!
— RobotEra (@robotera_io) November 9, 2022
Currently, the TARO token is being sold for $0.02, but this will rise to $0.025 at the next stage of the presale.
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