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The LandWolf price plunged by 86% over the last 24 hours to trade at $0.000000000001137 as of 3:20 a.m. EST.
This plunge comes after earlier warnings that the project could eventually face a rug pull. Crypto Rug Muncher on X said last month that the token has a significant centralization risk and that it appeared that at least the top 150 wallets are under the control of its development team.
The developers had tried to obscure this centralization by spreading the supply in small amounts across these wallets, it added.
“Be aware that if you are buying into this project, it is highly centralized, and the developers have attempted to hide this fact from the community,” Crypto Rug Muncher warned.
🚨 LandWolf – $WOLF Analysis 🚨
LandWolf – $WOLF: There is a significant centralization risk with this project. It appears that at least the top 150 wallets are under the control of the developers, who have tried to obscure this by spreading the supply in small amounts across… pic.twitter.com/pXGspH0w2C
— Crypto Rug Muncher (@CryptoRugMunch) June 15, 2024
LandWolf Price Prediction: What’s Next For WOLF?
An in-depth analysis shows that the Landwolf price moves between the lower and middle bands, indicating a possible consolidation phase. The bands are relatively narrow, suggesting low volatility.
The Volume (SMA, 9) has been low with occasional spikes, indicating limited trading activity. The token trades narrowly between the lower and middle Bollinger Bands, suggesting a period of consolidation after a previous downtrend.
On the other hand, the Average Directional Index (ADX, 14) is very high at 87.43, suggesting a strong trend, although it does not indicate the direction of the trend. The low trading volume suggests a need for strong buying or selling pressure.
However, occasional spikes in volume indicate some interest at certain price levels. The Awesome Oscillator (AO) is also negative, with red bars indicating bearish momentum. The Awesome Oscillator is negative, with red bars further supporting the bearish sentiment in the market.
The high ADX indicates a strong trend, likely bearish, as supported by the negative AO. The Landwolf price is struggling to break above the middle Bollinger Band, suggesting resistance.
Traders should watch for a breakout from the current range to determine the next direction. The downtrend could continue if the Landwolf price breaks below the lower Bollinger Band with increasing volume. Conversely, a break above the middle band could suggest the beginning of a bullish reversal.
4-hour WOLF/USD Chart | Source: GeckoTerminal
As the LandWolf price implodes, some investors are turning to the new Base meme coin Base Dawgz (DAWGZ). This token aims to be emulate the success of Base meme coin giant BRETT, what has exploded 14,086% from its all-time low.
A Better Alternative?
DAWGZ calls Base home, but It offers a unique multi-chain experience that allows Ethereum, Solana, Binance Smart Chain, and AVAX to work together without problems. This is a key reason why the project has already raised more than $2.4 million in its presale.
Congrats on hitting $2.4M in the presale, my fellow $DAWGZ!
And massive props to those staking and stacking those sweet rewards! 💪 pic.twitter.com/biYklwo6wC
— Base Dawgz (@BaseDawgz) July 9, 2024
Base Dawgz enables this interoperability via the latest Web3 technology, such as Wormhole and Portal Bridge.
It offers unmatched multi-chain functionality and lets people do business smoothly across blockchain environments.
Investors can also stake DAWGZ tokens for an annual percentage yield (APY) of 1,708%. The team has set aside 20% of tokens for staking.
The project will also start a program called “Be Social for Airdrop.” This will give people points that they can later exchange for $DAWGZ. All you have to do is use your X account to make content about Base Dawgz that you then share.
ClayBro, a crypto expert with over 129K YouTube followers, says that $DAWGZ “could create millionaires.”
If you want to participate in the presale, you can buy the coin for $0.0061. But don’t wait too long because a price increase is coming in less than two days.
Buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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