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With staking and borrowing driving pfp adoption, XDOG crypto has emerged as the first major GameFi meme coin on OKX X Layer – here’s the reason why.
There’s a new pup in the GameFi park, and it’s pulling for an Axie Inifity-style run circa 2021. According to analysts at 99Bitcoin, XDOG might just be the next viral GameFi and meme sensation.
At the heart of XDOG is a simple yet profound concept—virtual dog ownership on Elon Musk’s X platform.
This game lets users adopt, train, and bond with their digital dogs on X, making your profile as unique as your furry friend.
My investment for the future 🚀🚀#XDOG @dog_Xlayer . pic.twitter.com/OiThGiq8Gz
— Angellin🔺 (@753Angellin) April 26, 2024
The decentralized NFT marketplace is a bustling economy where players can trade pets, accessories, and more, emphasizing user autonomy and financial engagement.
The XDOG token was launched on OKX’s X layer last week and now stands at +577% since launch.
XDOG ramps up user engagement with X Chests, encouraging players to hunt down treasures across Twitter, ensuring your digital dog lives the good life.
With features like staking and borrowing on X, XDOG crypto isn’t just another run-of-the-mill game using blockchain; it’s a bold step into uncharted territory.
Deep Dive: Is XDOG Crypto a 100X From Here?
XDOG falls just short of the $1 million market cap milestone, yet with its 24-hour trading volume nearly halving that, it is still lighting markets on fire.
High trading volume relative to market cap was a driver for Axie Infinity’s initial pump.
XDOG is showing similar traits with its volume being a significant fraction of its market cap, showcasing an enthusiastic early adopter base.
(XDOGUSD)
The RSI on XDOG crypto is pinned at 100. Typically, an RSI of 70 or above might indicate overbought conditions, but 100 is unusual due to extreme buying activity on XDOG.
As for XDOG’s 5-day MA is in a sweet spot above the price, hinting at more bullish days to come for XDOG.
Interestingly enough, the price action between 6:30 and 8:30 this morning EST seems to be forming a consolidation pattern, possibly a symmetrical triangle, which often indicates a continuation of the current trend.
Could This Presales Offer Better Meme Coin Play?
While XDOG is the viral token de jour in GameFi and meme coins, Dogeverse is gearing up to be the next big thing. Think of this as a time machine ticket to XDOG crypto’s first day, with all the early adopter bragging rights included.
Built on BASE, the DOGEVERSE presale recently smashed $10Min in recorded revenue.
Being the first multi-chain DOGE incarnation, DOGEVERSE aims to become a top meme coin on BASE quickly. Don’t miss out!
EXPLORE: $5 Billion Worth Of Bitcoin Shorts Will Be Liquidated If BTC Rockets Above $75,000
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
