2024-04-30 18:32:44
XDOG crypto, driving PFP adoption through deposits and lending, is the first defining GameFi coin on OKX’s X Layer – now you can find out why.
There’s a new kid in the GameFi niche, and it’s gearing up for a run like Axie’s Infinity heading into 2021. According to analysts at 99Bitcoins, XDOG has a chance for this, as this crypto might be the next viral GameFi coin.
XDOG is based on a simple but meaningful concept: breeding virtual dogs on Elon Musk’s X platform. In this game, users can adopt, train and deepen their relationship with digital dogs on X. Through this, their profile can become as unique as that of their four-legged friends.
The decentralized NFT marketplace is a vibrant economy where users can buy and sell pets, accessories, and more. Additionally, they can enjoy all the benefits of user autonomy and financial interactions.
The XDOG token launched on OKX X Layer last week and is up 577% since then.
XDOG wants to increase user engagement with the help of X Crates. Crates encourage players to collect various rewards on Twitter. This way, they can ensure that their digital pet lives the best life possible.
XDOG is not just another game running on the blockchain, but a bold step into the unknown, thanks to its functions such as deposit or lend.
Can XDOG be multiplied by 100?
XDOG sits just below the $1 million market cap, but its 24-hour trading volume is only half that value, so it continues to heat up the markets.
High trading volume relative to market capitalization has been one of the main drivers of Axie Infinity’s explosion.
XDOG also exhibits similar properties. The volume represents a significant portion of the market capitalization, indicating an enthusiastic early investor base.
(XDOGUSD)
XDOG’s RSI stands at 100. An RSI of 70 or higher generally indicates an overbought situation, but 100 is very unusual. This indicates that the demand for the XDOG coin is huge, and this is manifested by extreme buying activity.
XDOG’s 5-day moving average is above the current price, which may indicate that another rise is coming in the coming days.
Interestingly, the exchange rate movement observed yesterday between 12:30 p.m. and 2:30 p.m. forms a consolidation pattern, perhaps a symmetrical triangle, and this often indicates a continuation of the current trend.
Could this presale be a better coin?
Although XDOG is now the viral player in the GameFi and meme coin market, the Dogerse is regarding to become the next big bang. Think of it like going back in time to the early days of XDOG crypto.
Built on BASE, the DOGEVERSE presale recently raised $10 million.
As the first cross-chain incarnation of DOGE, DOGEVERSE aims to become the top CORE meme coin in a short period of time. Don’t be left behind!
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**Attention! Our article above is Alex Reed content and does not constitute investment advice. The editors of BitcoinBázis take no responsibility for what has been described and urge all readers to exercise caution regarding investments in cryptocurrency, CFD, token, cryptocasino, metaverse, DeFi, play-to-play earn and ICO/STO/SAFT. Individual research and thorough verification of claims is strongly recommended. Trade and play responsibly.**
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