While the crypto market is down right now, mainly because the Federal Reserve’s recent moves on interest rates are making investors nervous, Dawgz AI is going against the grain.
The Fed’s decision to cut rates less than expected has led to some uncertainty, causing a sell-off in riskier assets.
Even Bitcoin price briefly dipped below $100,000. But Dawgz AI is holding steady, thanks to its cool and innovative assets. It’s proving to be a solid choice, even when the rest of the market is struggling with inflation.
The Crypto Market Downtrend
The Crypto market down is happening at the moment, largely due to the Federal Reserve’s cautious approach to future interest rate cuts. While the Fed made its third consecutive rate cut, it hinted at fewer cuts for 2025, which caused uncertainty among investors and led to a sell-off in riskier assets.
Bitcoin price dropped below $100,000, and over $661 million in leveraged positions were liquidated. Despite the current slump, analysts remain optimistic, with Bitcoin’s long-term price predicted to range between $180,000 and $250,000 by the end of 2025.
Overview of the Current Crypto Market Cap Situation
As of December 20, 2024, the global crypto market crash happened, with the total market capitalization falling 4.31% to $3.36 trillion. Trading volume also dropped by 1.40%, bringing it down to $266.13 billion. This slowdown suggests a pause in market momentum, as market participants take a more cautious approach in the current environment.
But, why did this happen?
Key Factors Behind the Cryptocurrency Market Capitalization Decline
Although many expected Trump’s new administration to be pro-crypto and position America as the global leader in cryptocurrency, it seems that might not be the case – let’s explore what’s really happening.
The recent crypto market down stems mainly from the Federal Reserve’s cautious approach to future interest rate cuts. Although the Fed made its third consecutive rate cut, it hinted at fewer reductions for 2025 than initially expected, causing investors to reconsider their positions in speculative assets.
Other factors include growing uncertainty, with investor confidence slipping, and over $661 million in liquidated leveraged long positions. The market is also consolidating as it adjusts to the new monetary conditions. Despite the short-term dip, many analysts still expect many crypto to rise significantly during the next year.
Impact on Major Cryptocurrencies
The crypto market down is hitting everything, with many coins seeing declines. Bitcoin dropped immensely, now sitting at around $92K with a 24-hour trading volume of $113 billion. That happened not long after the largest cryptocurrency out there reached an all time high. Weird, isn’t it?
Ethereum (ETH) fell and reached around $3,100. Other altcoins also experienced losses, including Solana (SOL), which dropped to $177, and Avalanche (AVAX), which fell by 8% to $34. Cardano (ADA) was down by 6.67%, now priced at $0.9082.
Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also saw declines. Dogecoin dropped around 9% to $0.27, while Shiba Inu was down to $0.00001874.
DeFi coins weren’t spared either, with DeFi falling approximately 2% to $0.02032, and Yearn Finance (YFI) dropping to $7,369. Even stablecoins that are pegged to the US dollar saw some minor decline. Perhaps, long liquidations are taking its toll right now as the Altcoin season is over.
Dawgz AI – The Coin Defying the Downtrend
Dawgz AI is standing strong despite the current market downtrend. Priced at 0.00211 and with over $545K raised, the coin is gaining momentum thanks to its roadmap and its AI bot. This meme coin is showing signs of defying the downtrend of the crypto market.
Let’s figure out why.
Why Dawgz AI is Rising Despite the Market Downturn
Dawgz AI, currently priced at $0.00211, is expected to reach $0.00231 in the coming days. It has already raised over 50% of its $960K goal, showing strong investor confidence.
The project is audited by Solid Proof, ensuring trust and security. Despite the broader market downturn, Dawgz AI continues to rise, driven by its AI-powered trading bots and a rapidly growing community. With active participation in competitions and a clear roadmap ahead, Dawgz AI is positioning itself for success, setting itself aside as an ambitious project amidst the current crypto market down trend.
Performance and Growth of Dawgz AI
Dawgz AI is really picking up steam and showing some impressive growth. It’s mixing the fun of meme culture with smart AI technology, which has caught the eye of both crypto fans and traders. The AI-powered trading bots are doing their job by boosting returns, and the token keeps climbing.
After a solid presale and building a dedicated community, Dawgz AI is proving it’s not just another meme coin—it’s offering real value. With plans for more innovation and a growing user base, Dawgz AI is set to keep growing and make a bigger impact in the crypto world.
Why Investors are Flocking to Dawgz AI
Here’s why investors are drawn to Dawgz AI:
- AI Bot: The AI-powered trading bot shows promise in maximizing returns.
- Fun Activities & Community Engagement: With meme contests and exciting events, the community stays active and engaged.
- Solid Proof Audit: The project has undergone a full audit by Solid Proof, ensuring transparency and security.
- Roadmap: Dawgz AI has a clear roadmap that outlines long-term growth and innovation.
- Strong Presale & Price Predictions: A successful presale and positive price predictions give investors confidence in the project’s potential.
- Successful Dog-Themed Meme Coin History: Dawgz AI benefits from the proven success of dog-themed meme coins like Dogecoin and Shiba Inu.
Conclusion
Even with the crypto market down, Dawgz AI is going against the grain and showing impressive growth. The project’s AI-powered trading bots, active community, and clear roadmap have made it a standout in the meme coin world.
Investors are excited about Dawgz AI for its mix of innovation, entertainment, and strong potential, helping it stand out even in a recent decline in the crypto market.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Source: https://bravenewcoin.com/sponsored/presale/crypto-market-down-but-this-one-presale-coin-is-defying-the-trend-by-raising-116k-in-hours