Dogecoin Whales Flee to New Unlisted Dogecoin Alternative
As the Dogecoin (DOGE) price collapses, whales are fleeing to a new unlisted Dogecoin alternative with big potential called PlayDoge.
The Dogecoin price fell over 5% on Thursday.
Crypto markets are under pressure despite rising Fed rate cut bets in wake of Wednesday’s Fed meeting and recent soft US economic data, perhaps due to the falling probability of ex-US President Donald Trump winning the White House in November per betting markets.
Geopolitical concerns and the BTC supply overhang of the US government and Mt Gox creditors could also be weighing.
The net result is that Dogecoin (DOGE) remains stuck within a medium-term downward trend channel.
Last near $0.1150, a near-term 20% drop to July lows near $0.09 is likely.
It’s no surprise then that Dogecoin whales are fleeing and looking for alternatives that might deliver better gains.
One new unlisted Dogecoin alternative that analysts at Cryptonews.com think has a lot of potential is PlayDoge (PLAY).
Stack $PLAY and live life on easy mode
Read more on cryptonews.com
