Andrew Tate’s $DADDY Crypto Collapses to All-Time Low: Should You Buy $DADDY Dip?
I bought Andrew Tate’s $Daddy crypto in July and immediately thought, ‘Where do I get a refund?‘
Now, it’s looking like the dust has settled.
$DADDY, the memecoin backed by Andrew Tate, rocketed 20%, over the weekend boosting its market cap to a cool $100 million, despite suffering a series of savage dips earlier in July.
Truth be told, meme fatigue is setting in. This chart is out of date now, but even then, the number of shitcoins being made was astronomical. There are 500 clones of every memecoin idea. How can this go on?
Unpacking $DADDY Price Volatility Contraction Model
Macroeconomically speaking, there’s been no time to rest for crypto investors:
- Trump gets shot
- Biden’s out
- Kamala Harris is in
All of this has reverberated within the market, while the meme sector, like $DADDY’s volatility contraction, has become a magnet for scrutiny.
While Andrew Tate’s coin was originally labeled a quick cash grab but influencers, the token thumbed its nose to Bitcoin while the number one crypto slumped to $60,000.
Additionally, Tate’s launch of The Real World University, with perks for memecoin holders, fanned the flames of $DADDY’s ascent.
Should You Buy $DADDY Crypto? Technical Analysis and Potential Growth Trajectories for Andrew Tate Crypto Coin
Technically, $DADDY is flashing, a volatility contraction pattern that signals a bullish uprising.
Rocketed by Andrew Tate’s social media influence, $DADDY’s market cap has soared past $120 million, now back to $73 million.
With over 47,600 holders and handsome early returns, it’s a case study in celebrity-fueled crypto mania.
Although memecoins are trending down, after having peaked in the Spring, we think Tate’s coin has a strong chance to stick around.
Why Wiener AI Could Be a Better Opportunity Than $Daddy in May 2024
While $DADDY is basking in the limelight, Wiener AI is quickly becoming the next big meme coin sensation. Raking in over $7 million in its presale, Wiener AI’s is drawing significant investor attention.
Picture this: DeFi fused with meme culture—Wiener AI bets big on the magnetic allure of AI and meme mythology.
Forged with the power of AI!
Get ready for WienerAI! 🌭⚡️ pic.twitter.com/83p1CAXY1A
— WienerAI (@WienerDogAI) July 21, 2024
With most of its supply up for grabs in the presale and outrageous staking rewards, it’s building a fervent cult following.
Wiener AI also has an astronomical +1,800% APY in staking, aiming to seduce more capital than it already has.
EXPLORE: The Best Penny Meme Coins to Buy in July 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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