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Digital coins plunged due to Trump’s trade measures against Canada, Mexico, and China.
Bitcoin touched three-week lows, while major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also registered major losses.
The broader market fall also saw meme coin Official Trump plummeting with massive selling momentum after Donald Trump’s latest post about the token on social media website Truth Social.
TRUMP lost nearly 20% in the past day to hover at $17.40, down over 70% from ATHs of around $75.
While Trump’s meme coin experiences faded investor interest, Dogizen (DOGIZ) steals the show as its presale indicates massive investor interest.
Dogizen will close its ICO this week, and it seems poised to hit the target before the countdown ends.
The project has raised $3,861,274 out of $3,870,000.
TRUMP dips despite Donald Trump’s rescue attempt
The US president tried to spark investor interest in his meme token with the latest post on Truth Social.
Trump urged enthusiasts to purchase the coin.
However, TRUMP extended the downside as the president’s pump attempt drew criticism.
The altcoin has lost the 3rd spot in meme crypto rankings to PEPE as its market cap plummeted to $3.5 billion.
The surge in daily trading volume reflects heightened sell-offs of the Official Trump meme coin as the broader market experiences a downturn.
Moreover, the 23% decline in Open Interest confirms dwindled investor enthusiasm for the token (Coinglass data).
Meanwhile, crypto analyst Captain Faibik believes TRUMP offers a dip-buying opportunity, “expecting a strong bounce-back.”
A bullish comeback could see the coin reclaim the crucial support barrier of $20.
Continued recovery will push TRUMP’s price above $25 in the near term.
While Official Trump’s potential rebound faces uncertainty, investors are flocking to the new meme coin Dogizen.
Dogizen sees investor influx
Dogizen dominated the crypto gaming sector after introducing the first ICO on the messaging app Telegram.
The project experiences renewed investor interest as its presale looks to hit the target at stage 5 of 10.
The massive ICO demonstrates confidence in DOGIZ’s future performance.
In the dynamic world of crypto, investors jump to projects with remarkable profitability potential.
Unlike Official Trump, which relies on hype, Dogizen prioritizes organic growth, strategic partnerships, and community engagement to democratize the GameFi market.
Ethereum co-founder Vitalik Buterin cautioned against cryptocurrencies backed by politicians, calling them “vehicles for unlimited political bribery.”
The Dogizen project recently migrated from TON to the Sui blockchain, intensifying its rivalry with Catizen.
Dogizen promises an enhanced gaming experience, removing inefficiencies inherent in previous projects.
Moreover, experts predict significant growth for the GameFi sector in the coming years.
The projected 27% CAGR until 2032 positions DOGIZ for robust growth.
You can visit Dogizen’s website for more information.
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