The post Dogecoin Millionaire is Bullish on Toncoin, Resistance Dog Meme Coin appeared first on Coinpedia Fintech News
A new crypto ecosystem is waking up, and its leading meme coin has done a 2x overnight.
Resistance Dog, a Toncoin-based meme coin, has exploded today, and a leading meme coin trader is bullish.
SlumDOGE Millionaire Invests In REDO; Price Surges On Telegram CEO Arrest
Glauber Contessoto, otherwise known as SlumDOGE Millionaire, seemingly understood the potential for Resistance Dog long before its current explosion onto the world stage.
Back in May, he tweeted that he’s a fan of Toncoin and has invested in one of its projects – Resistance Dog.
He said he’s excited that people are starting to wake up to Toncoin’s potential, with the project having recently become a top 10 crypto by market cap.
I’m a big fan of #TON chain and what they’re doing in this space. I’ve already started dabbling in the ecosystem by investing in $REDO (a meme coin
)
I feel like there’s a bright future for $TON in the making. Especially now that it’s a Top #10 cryptocurrency and people are… https://t.co/uMelqaea5o
— SlumDOGE Millionaire (@ProTheDoge) May 7, 2024
“I feel like there’s a bright future” was a dead-accurate prediction.
Today, Resistance Dog has reverberated the power of meme coins.
Toncoin is a Telegram-native blockchain that has been successful because it allows Telegram users to interact seamlessly with crypto tokens and dApps.
And on that note, the Telegram founder, Pavel Durov, has just been arrested in Paris, France – an event that pundits are calling an attack on free speech.
There’s been an international outcry of support for Durov, and one place this has caught wind is Resistance Dog.
Not only is REDO a Toncoin-based token, but its whole idea messaging is creating the “digital resistance.”
The project’s website claims it pays homage to Durov and is a “symbolic representation of our fight against censorship and freedom through digital resistance.”
So, in response to the arrest, many people have flocked to REDO.
This even includes exchanges, with several of them changing the Toncoin logo to the Resistance Dog logo in support.
BREAKING: $TON logo is changed to $REDO logo on the Binance. #FREEDUROV pic.twitter.com/aXUl8rPn2m
— Viktor
(@s0meone_u_know) August 25, 2024
It goes to show the dynamic environment that cryptocurrencies operate within. Worldly events can cause prices to rocket 2x or more overnight.
But preempting which cryptos will be rocked by real-world events is next to impossible. The way to get around this is diversification across multiple crypto ecosystems.
Generally, investors will hold a basket of different cryptos for diversification, but there’s one meme coin that does it for you.
It’s called Base Dawgz and operates over five different blockchains.
The project is undergoing a presale and has raised $3 million so far.
New Crypto to Watch: Base Dawgz Expected to Pump After Raising $3M
No more guesswork – Base Dawgz gives exposure to multiple ecosystems in one token.
The concept is gaining serious momentum, with over $3 million raised in its presale.
Base Dawgz is available on Base, Ethereum, Solana, BSC, and Avalanche.
It’s inspired by the Shiba Inu meme, but its multichain capabilities and other utilities separate it from other similar projects.
Base Dawgz offers staking rewards, currently valued at 789% APY.
Per its website, the project has set aside 20% of its total supply for staking, while another 20% is allocated to the presale.
Evidently, there are big gains to be made via staking rewards.
But analysts also expect solid returns from price appreciation.
Popular trader ClayBro says it is “worth accumulating.”
He suggests “tiny new tokens like Base Dawgz” can give 10-50x gains.
However, the Base Dawgz presale is closing its doors shortly.
After massive success, the campaign ends on August 28 at 20:00 UTC.
This is the last chance to buy $DAWGZ at a fixed presale rate, so potential investors must act quickly.
