Why This Altcoin Outperforming Dogecoin and Shiba Inu With 100X Gains?

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As a seasoned crypto investor with years of experience navigating the volatile digital asset market, I have to admit that the recent surge of SUNDOG has caught my attention. Having witnessed the rise and fall of numerous altcoins, it’s rare to see one with such impressive gains, especially amidst a market struggling with investor sentiments.

Ignoring well-known cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and Shiba Inu, a relatively unknown altcoin has surprised internet users by achieving 100X returns on investment. This becomes even more noteworthy when the overall crypto market is facing difficulties due to investor uncertainty. While the price of Bitcoin is struggling to surpass $60K and many other cryptocurrencies are grappling with similar challenges, some top altcoins like SUNDOG, PEPE, and XRP are thriving. In fact, SUNDOG has been one of the most profitable cryptos since its inception.

New Altcoin SUNDOG Uproars The Market With 100X Gains

The popularity of SUNDOG has surged because of the increasing interest in TRON-inspired cryptocurrencies. This interest escalated as investors cashed in significantly on freshly launched tokens, particularly those traded on Justin Sun’s SunPump platform. Remarkably, one TRON investor amassed $7.5 Million from an initial investment of less than $300, leaving other investors astounded.

These recent events have generated excitement around newly introduced meme cryptocurrencies like SUNDOG. Currently, the price of SUNDOG stands at $0.3395 following a remarkable 420% rise over the past month. Interestingly, even when looking at its weekly and daily performance, it has managed to hold on to gains of 62% and 11%, respectively.

Why This Altcoin Outperforming Dogecoin and Shiba Inu With 100X Gains?

Apart from being just this, it has climbed up to rank as the 209th most popular cryptocurrency globally, according to CoinmarketCap, boasting a market capitalization of approximately $344 million. Furthermore, an impressive 23% increase in its trading volume, reaching nearly $198 million, suggests a growing interest among investors for this token.

The significant increase in the price of SUNDOG can be attributed to increased interest from investors. In fact, a large crypto investor (whale) purchased 3.52 million SUNDOG for approximately 13.07 million TRX ($2 million) just yesterday. This massive purchase often triggers other investors to follow suit. Additionally, the ongoing development of the Sunpump platform is contributing to this trend. Most recently, they have introduced SUNBOT, a trading bot designed to buy TRON meme coins on Telegram.

Not to forget, SUN has also allocated $10 billion to the meme ecosystem boost incentive program, fueling this altcoin price.

Dogecoin And Shiba Inu Price Struggles Despite Heavy Demand

Dogecoin (DOGE) is often referred to as the ruler among meme-inspired cryptocurrencies, while Shiba Inu (SHIB) serves as its main rival. Together, they dominate the meme-oriented crypto market and have a track record of significant growth, which fuels their popularity. Nevertheless, it’s important to note that in the current market scenario, they may not be the most lucrative investments.

While they may not be entirely clueless, their long-standing dominance has given them numerous backup plans, one of which is their community. Currently, the DOGE stands at $0.1051 following a nearly 4% increase today. Simultaneously, the SHIB is priced at $ 0.00001357 after a 2.25% rise today and a 5% growth over the week. Furthermore, analysts from Krao predict that Shiba Inu will surpass $0.001 in the future.

Nevertheless, it’s worth noting that neither Dogecoin nor Shiba Inu have reached their peak values of $0.7376 and $0.00008845 respectively. Additionally, their recent increases pale in comparison to their most profitable days. This has led some investors to divert their resources towards emerging assets like the 100x multiplier altcoin.

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2024-09-13 18:21