TL;DR:
- Recovery is not lifting all tokens and coins equally
- Dogecoin (DOGE) slides as the meme narrative fizzles out
- Polkadot (DOT) is still pressured by negative concerns, slides to 2022 levels
- Clandeno (CLD) aims to offer early entry for the biggest potential upside Recovery Skips Previously Hot Coins and Tokens
The recovery in July is limited to selected assets. Dogecoin (DOGE), which always bounced to its usual range, is now lagging after meme tokens lose ground. Dogecoin (DOGE) also remains inflationary, offering no incentives to grow in value like meme tokens that also incorporate burns to decrease the supply. Polkadot (DOT) also puzzles the markets and is back to its 2022 levels. Clandeno (CLD) opens its ICO as an alternative to underperforming coins and tokens.
Dogecoin (DOGE) Pressured as Meme Hype Dies Down
Dogecoin (DOGE) is also known as a Meme 1.0 narrative, spanning older assets. Dogecoin (DOGE), however, is losing its appeal, sinking toward $0.11. Dogecoin (DOGE) has no incentives to rally, and any price action may only arrive with a powerful bull market that will lift all coins and tokens.
For now, Dogecoin (DOGE) continues sideways, while losing the $0.13 range where it spent a few weeks. The other potential scenario for Dogecoin (DOGE) is to get ahead of other meme tokens. The meme narrative currently hinges on long-term holding, while awaiting a new breakout.
Polkadot (DOT) Aims to Recover After Technology Reinvention
Polkadot (DOT) is now working on its Version 3 iteration, to reinvent itself as a usable chain. Polkadot (DOT) now trades at $6.30, near its 2022 levels, as it is facing negative comments and FUD on social media.
At the same time, Polkadot (DOT) continues with regular code commits and onboards between 5K and 10K daily users. For now, Polkadot (DOT) lags behind more active chains, and has abandoned its hopes of competing with larger networks like Ethereum (ETH) or Solana (SOL).
Clandeno (CLD) Targets Market Uncertainty with Early-Bird Buying Opportunity
Clandeno (CLD) is an upcoming e-commerce platform, currently in its presale ICO stage. The Clandeno (CLD) token will have utility on the platform, granting early access and a share of the project’s commission revenues.
The goal of Clandeno (CLD) is to build a platform with the utmost defense against hacking attacks. All Clandeno (CLD) holders will also be eligible for perks such as early previews for features, as well as additional flash sales of new tokens. The Clandeno (CLD) ICO will distribute 365M tokens, ensuring the widest possible distribution. The Clandeno (CLD) e-commerce platform will be tokenized with a total supply of 525M tokens.
To find out more about the Clandeno presale, visit their website here.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
This news is republished from another source.
