LandWolf Price Prediction: WOLF Plunges 19% As Experts Say This GameFi ICO Might Be The Best Crypto To Buy Now
Release: 2024/07/03 20:24 Reading: 566
LandWolf's price has plummeted 19% over the past 24 hours, with a 26% drop in trading volume to $11.8 million as of 4.20 a.m. EST.
LandWolf (WOLF), a Solana-based meme coin, has become a cherished icon in the crypto community, known for its laid-back and wise demeanor.
The meme coin's character was created by Matt Furie, an American artist who also created the popular Boy's Club series, including Pepe the Frog.
LandWolf has not seen any specific developments to explain its significant price decline, so it is likely a result of a broader bearish wave affecting the entire crypto industry.
Bitcoin has also experienced a nearly 3% decrease to $60,888. Meme coins, such as Dogecoin and Shiba Inu, have seen losses ranging from 1% to 13% (Mog Coin). Pepe has dropped 5%, while Dogwifhat has lost 8%.
LandWolf's substantial price drop may be due to its recent surge from $0.012 on June 30 to $0.0194 on July 1. The token has been undergoing a correction since then, and while support at $0.016 briefly halted the decline, the bearish trend has continued over the last 24 hours.
LandWolf Price Prediction
LandWolf's price has been falling steadily for several days since it reached its peak on July 1. However, there are indications that the token's descent may soon end, potentially creating an opportunity for risk-taking investors.
Technical indicators, like Bollinger bands, still show bearish signals. The bands have narrowed significantly, and the price remains near the lower band, suggesting continued bearishness.
However, the Relative Strength Index (RSI) value has dropped to the oversold zone, indicating the potential for a recovery. Traders may be starting to buy the dip, which could reverse LandWolf's price trend.
Buying at this point is high-risk, and reaching the oversold zone does not guarantee an immediate price rebound. If the overall market's bearish sentiment persists, LandWolf is unlikely to buck the trend without a strong catalyst.
Nevertheless, sharp plunges like this are often followed by surges, so even risk-tolerant traders should monitor the token closely for a potential buying opportunity.
A Promising Alternative to LandWolf
While the prevailing bearish market makes investing in WOLF risky, there are other options for Solana-based investors. For those interested in GameFi, Mega Dice (DICE) could be considered. It is a cryptocurrency launched by an established crypto casino of the same name.
Mega Dice is a reputed casino offering thousands of games and eSports betting options. With over 50,000 registered users and 10,000 monthly active members, it has a large and active community ready to adopt the DICE token upon its launch.
Token holders enjoy unique benefits, such as daily casino performance-based rewards, limited-edition NFTs, early bird bonuses for presale participants, and more.
The 99Bitcoins YouTube channel, with over 700k subscribers, has speculated that Mega Dice could be the next crypto to experience a 100x surge after its launch.
DICE tokens are currently available at $0.0825. Investors can join those who have already contributed over $1.58 million to its presale before a price increase in less than 5 days.
To purchase DICE tokens with SOL, ETH, or BNB, visit the official website.
Related Articles:
Multi Universe Central, Freedom, Mega Dice
How to Buy Mega Dice Token – $DICE Presale Review
Mega Dice Review 2024 – Crypto Games, Casino Promos and Features
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