Cryptocurrencies continue to heave under the weight of bearish pressure, with dips for major coins curtailing movement for many small cap tokens.
However, several altcoins are in the buying opportunity zone including TRON and Floki. The new token hitting top exchanges Bitcoin Dogs (0DOG) could be another.
TRON benefits from meme coin frenzy
The TRON (TRX) network has experienced a notable surge in activity over the past weeks.
Most of this has come after TRON founder Justin Sun’s announcement of SunPump, the meme coin launch platform that has hit several milestones since its unveiling.
Sun is bullish on SunPump and TRON. In a recent post on X, he highlighted narrative and artistic style as key factors.
Meanwhile, the SunPump hype has helped meme coins such as Sundog rise. TRON has also benefited from a surge in volume and revenue.
TRX price that struggled in the wake of Bitcoin’s dip below $60,000, was up 3% in the past 24 hours. Its value is also up 20% in the past two weeks.
With TRON’s SunPump challenging Solana-based Pump.fun, its likely fresh spike in meme coin frenzy will combine with other catalysts to push TRX higher.
The $0.20 price level is a crucial target for bulls, while current levels may be a great buy zone given long-term outlook.
Floki up 20% this past week
Floki price has had a number of upside catalysts over the past few months.
The launch of FLOKI perpetual futures on Coinbase and market maker DWF Labs $12 million FLOKI purchase news helped the token’s price to reach highs of $0.0032 in early June.
Up more than 800% in the past twelve months, FLOKI is now eyeing new momentum after crashing alongside other coins to lows of $0.00011. Currently at $0.00015, FLOKI price has increased by more than 20% this past week.
The upside relates to the airdrop of Simon’s Cat, a cat-themed meme coin launched on Floki’s TokenFi launchpad in early August.
Hype around FLOKI price comes as the community eyes the CAT token airdrop for FLOKI holders. Floki’s Valhalla deal with University of Miami is another huge news development this week.
FLOKI is about 54% off its all-time high of $0.0003449 reached in June and could be one of the meme coins to watch.
Bitcoin Dogs bounces 35%
Bitcoin Dogs (0DOG) is a cryptocurrency within the nascent Bitcoin ecosystem. 0DOG launched its BRC-20 token in presale before recently making a trading debut on several major crypto exchanges.
🔥Trade #0DOG now on @gate_io, @MEXC_Official, @unisat_wallet AND @Uniswap 🚀🐶
The WORLD’S FIRST #Bitcoin ICO is taking over exchanges but you are going to have to hodl on tight…we’ve got more to come👀
You’re still early…this is just the start.📈
Trade Here👇🏼
🔗 Gate:…
The growing GameFi ecosystem has taken off massively on Telegram, with the likes of Hamster Kombat in the limelight.
0DOG also taps into the play-to-earn space, offering integration with the popular app and leveraging Bitcoin’s security and network reliability.
No issues such as network downtime that have hit TON blockchain amid the distribution of the Dogs airdrop.
In the market, 0DOG price has recovered from the crash to lows of $0.0064 following Bitcoin’s dive to near $58k on Wednesday.
The gains see the altcoin near $0.012, more than 80% up from the all-time lows and over 15% in the green in the past 24 hours.
If buyers wrestle control from bears across the market, and Bitcoin Dogs lands on another top tier exchange, a breakout above $0.02 could encourage bulls to target more.
Learn more about the Bitcoin Dogs cryptocurrency here.
The post TRON, Floki and Bitcoin Dogs rise as altcoins recover appeared first on Invezz
