Dogeliens Seeks to Show Strength Amid Bitcoin and Crypto Market Dump

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by IndustryTrends December 8, 2022

Following news of FTX’s insolvency and alleged breach, the cryptocurrency market continues to lose billions of dollars. The cryptocurrency market has been on a total rollercoaster ride over the past few days and shows no signs of calming down. Emerging projects like Dogelian (DOGET) need to work hard to build on the momentum of the Twitter drama of previous weeks. Last week, FTX officially launched Chapter 11 bankruptcy proceedings in the United States, which caused the markets to collapse again. The entire cryptocurrency market is in disarray as many expected FTX to reach a deal that would expedite resolution and possibly allow customers to recover their balances.

After all, Sam Bankman-Fried, the former CEO, hinted at this and pointed it out. To make matters worse, the exchange was hacked early last week, alongside other controversial news that emerged. This caused the market to clear further as the market nears capitulation. The crypto landscape is full of fear, and it’s indicative of how confident investors are to trust other cryptocurrencies. Altcoins have suffered as much as Bitcoin (BTC) in the market in recent days.

Amid all of this, Dogeliens (DOGET) offers a silver lining to crypto investors who are still looking to make money from the market. Memecoins generally have no respect for market conditions and could have a huge price pump in the midst of a bearish rally. Early investors are looking to be heavily rewarded for believing in the Dogelians’ potential before the rest of the market spreads.

Bitcoin falls towards $16,000

Bitcoin (BTC) is the first and largest crypto asset in the cryptocurrency market, and the landscape uses it as an indicator of market performance. Bitcoin has a dominance hovering around 40% and others; the rest of the market reflects the movement of BTC prices. After Thursday’s favorable CPI data last week, Bitcoin attempted a rebound before crashing again on Friday.

BTC fell from around $18,000 to around $16,000, a price range that BTC has not touched in over two years. With the price of BTC falling, there is less chance that other altcoins will have room to grow. Additionally, the current price of BTC demonstrates investor confidence as it still looks like Bitcoin has yet to bottom out. The landscape is still eagerly awaiting further developments as several other central exchanges have come under scrutiny since FTX’s bankruptcy.

Dogeliens tries to keep the wave

New memecoin Dogeliens (DOGET) has definitely acquired some waves over the past few weeks ahead of FTX news. News of Elon Musk’s acquisition on Twitter sparked some reaction in the Dogecoin price and memecoin landscape. However, since DOGE is overpriced, the landscape is eagerly waiting for undervalued memecoins like the Dogelians to give the market a taste of a memecoin price pump.

Dogelians have struggled to hold the wave in recent days as investor confidence wanes. However, the pre-sale has continued to evolve, and smart investors who see the potential for a DOGE-inspired memecoin continue to accumulate as many tokens as possible. The Dogelians launch will seek to make early investors into millionaires, and the opportunity is still available to the crypto community.

Launching in a bear market allows Dogelians to have huge room for growth and onboarding users from inside and outside the crypto landscape. Because memecoins are particularly fun, they grow much faster and attract users than the usual sophisticated blockchain.

Although Dogelians will introduce utilities in DeFi, NFT, etc., the community won’t care as long as the community vibe is there and their holdings go up in value. Join the presale here now.

Dogelian (DOGET)

Presale: https://buy.dogeliens.io/

Website: https://dogelien.io/

Telegram: https://t.me/DogeliensOfficial

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