Can ChowWow Rival Dogecoin?
While meme coins battle bearish pressure, Dogecoin remains one of the top meme coins that are still trading above the early November highs. The rally which started in early November at $0.16 peaked at $0.48 on December 8.
The resumption of the rally also saw the Dogecoin crypto price retest the $0.43 mark on January 18 before the general crypto market crash. While the majority of the meme coins like Dogwifhat have dipped below the early November highs, Dogecoin has maintained resilience, trading around $0.25.
ChowWow (CHOW) is another project expected to follow the Dogecoin trajectory. Unlike other projects with no real utility, the ChowWow ecosystem houses a play to earn and stake to earn feature, designed to reward the community. However, the question remains whether ChowWow can rival established meme coins like Dogecoin. Let's see why.
Is Dogecoin Price Set for Another Bullish Rally?
Looking at the Dogecoin price chart in Tradingview, the meme coin price is still above the $0.244 support level, a point that will determine the chances of a bullish rally. A breakthrough of the $0.28 resistance trendline might confirm the dominance of the bulls which might push the DOGE price towards $0.42.
In a tweet on X, Rose Premium Signals thinks that Dogecoin price is rebounding from the Fibonacci support zone, signaling a potential bullish reversal. Rose thinks a breakout could trigger a rally toward $0.49, $0.57, and $0.65 targets. In a similar view, Olivier D Maximus thinks that a breakout above $0.29 could trigger a rally toward $0.42 for the Dogecoin crypto coin.
Meanwhile, the RSI in the 1D timeframe is 37 (neutral), signaling that the bears are in control. The Oscillator and Moving Averages confirm that with both flashing sell signals. However, CoinMarketCap data shows that Dogecoin trading volume is surging, signaling that a resurgence might happen soon. As such, it is one of the top meme coins that could spring a surprise in 2025.
Can ChowWow Price Surge by 1000% in Q1?
Just like the Dogecoin 2021 bull cycle which saw the DOGE price soar by over 12,000%, ChowWow (CHOW) is likely to follow the same trajectory due to its strong use case. While the Dogecoin rally was driven mainly by a series of tweets by Elon Musk, the rising interest in gaming tokens will likely drive the ChowWow native token CHOW price up.
For context, there has been a rise in mobile gaming in the past years with over 40% of millennials preferring to play games where they can compete or collaborate with others. ChowWow is going the extra mile to enhance mobile gaming by offering users a platform where they can play games and get rewarded for in-game achievements.
The ChowWow play-to-earn feature ensures that users are rewarded for gaming achievements which can be redeemed for real-world assets. For non-game lovers, they can stake their tokens through the stake-to-earn model and earn up to 8 – 15% in APY which is paid out monthly.
As a platform that was inspired by the traditional Chinese Chow Chow dog breed known to bring luck and fortune to people, the overall aim of ChowWow is to ensure financial freedom for the masses. ChowWow wants everyone to build wealth in crypto. According to the tokenomics, 5% of the total supply is allocated for community activities and airdrops on launch.
Built on the Solana blockchain, ChowWow will ensure faster transaction processing and cheaper fees, unlike Ethereum meme coins, ensuring a seamless gaming experience. The CHOW token is deflationary, with buy-and-burn mechanisms put in place to decrease the supply. At the ongoing presale, CHOW is sold for just $0.008. With the rising interest, it could hit 1000% in presale and 2000% on listing.
Dogecoin vs ChowWow – the Best Meme Coins for Quick Returns
There is no doubt that Dogecoin price will head to the moon this year due to the rising adoption. However, it might not match ChowWow which has a presale advantage. Past precedents have shown that tokens surge massively on listing and with ChowWow yet to launch, the meme coin might hit 100x on listing in a major exchange. Its P2E and staking model are likely to drive its adoption, making it the best meme coin to buy.