Sui Price and Dogecoin Price Down Significantly, 3 Best Crypto to Buy Today Instead

–News Direct–

The crypto market is down this week, with Bitcoin (BTC) down 3,94% over the past 7 days to under $27,500.

In typical fashion, the asset’s decline has dragged down the altcoins underneath it, including the popular memecoin Dogecoin (DOGE), and the layer-1 smart contract platform Sui (SUI).

In this environment, it can be hard to find adequate returns investing anywhere in the crypto market. However, three new cryptos – Deelance, Ecottera, and AiDoge, are being backed by traders to outperform the wider market downturn.

Sui and Dogecoin Price Struggles

Sui – founded by former executives from Meta’s abandoned Diem blockchain project – has fallen substantially since its launch on May 3. Shortly after listing on exchanges like Binance, OKX, KuCoin, and Bybit, the coin fell from its current all-time high of $2.16 to a low of $1.04 on Monday, according to CoinGecko – an over 50% drop in just 5 days.

The price has since recovered somewhat to $1.17 but is yet to rise above the descending resistance line that it failed to break on May 4. Analysis from BeInCrypto shows that this resistance currently sits at $1.20.

Meanwhile, the closest line of support from below its current price rests at $0.96, marked by the 0.382 Fib retracement support level. Fibonacci retracement levels are percentages of the price from which a given asset may be retracing, marked by horizontal lines on a chart, and associated with the Fibonacci sequence. In this instance, the 0.382 retracement level means that the price would draw down to 38.2% of its initial pump.

While Sui struggles to bounce back, Dogecoin’s price has declined 7.37% over the past seven days.

Its price pushed against resistance at $0.08 both last Wednesday and Friday but failed to break through on both occasions and has been in consistent decline until today. Currently trading at $0.073, analysis from UToday shows that if the price doesn’t correct itself soon, it could end up testing support as low as $0.06324.

While such coins may be struggling alongside the broader crypto market this week, here are some lesser-known picks that might be prepped for a meaningful rally in the short term.

Investors are Backing New Blockchain Freelancing Platform Deelance

While many established tokens struggle, Deelance token (DLANCE) is one that is being backed signficiantly by investors throughout its ongoing presale phase, which has raised over $700,000 so far.

Deelance is a freelance and recruiting platform based around blockchain technology. It helps connect freelancers and potential employers in a decentralized manner while only charging 2% fees – some of the lowest in the industry.

The platform is built around three pillars, including its NFT marketplace, Metaverse, and recruitment platform. The NFT marketplace lets buyers and freelancers showcase and bid on NFTs surrounding art, photography, trading cards, music, and more.

Meanwhile, its Metaverse experience will let freelancers form their own office within the metaverse, buy lad and office space, and have voice and video conferences in a meeting room.

The DLANCE token circulates on the Ethereum blockchain and provides the utility for purchasing NFTs, land, and offices within the Metaverse. It also grants long-term holders access to the whitelists of special NFTs, and discounts on deals.

The token is currently selling for $0.029 apiece. The Deelance platform has raised $760,725 in USDT so far, only steps away from its $800,000 target.

Visit Deelance Presale

Ecoterra Also Bullish After Raising Over $3.4m Through Recycle-to-Earn Initiative

Ecoterra is a green initiative capitalizing on distributed ledger technology and tokenization to encourage businesses to take better care of the environment. The project is rated by the blockchain security firm Certik with 90%+ scores in both ode security and fundamental health.

Its token, ECOTERRA, intends to list for $0.1 but is currently being sold for $0.00775 during its presale. So far, the project has raised over $3.4m through its presale.

ECOTERRA works as the reward mechanism for companies that prove they are taking part in various green initiatives, like recycle-to-earn, through the Ecoterra app.

Some of these initiatives include purchasing PET plastic, glass, aluminum, and green energy packages. They’ll also receive rewards for scanning the barcodes of recyclable products and uploading their receipts to their accounts.

Once earned, ECOTERRA can be used to donate to fund green initiatives worldwide such as tree planting and climate change education, or for purchasing eco-friendly products.

Willing buyers can purchase Ecoterra using USD, USDT, or ETH. Its presale price is set to increase after 10 days to 0.0085, so you’ll have to act fast to get in at an optimal price. So far, the presale has raised $3,378,908 out of a target of $3,925,000.

Visit Ecoterra Presale

Meme & AI Token AiDoge Backed to Explode After Raising Over $5m So Far

Another dog-based memecoin has recently hit the market, and its name is AiDoge ($AI), which is being backed to pump after huge presale interest.

However, this meme token is more than just a joke, being a utility token playing an integral part in a new AI meme-generation platform. Specifically, the AiDoge platform uses advanced AI technology to automatically generate memes from user-provided text responses. The tech is designed to provide memes that are contextually relevant to the prompt, using input from both crypto news and provided meme datasets.

After memes are created, users can publish them to a public wall where community members can upvote or downvote those memes. Those with the top-voted memes at the end of each month are rewarded with AiDoge.com tokens.

These $AI tokens are what allow users to purchase credits for generating memes, or for staking and receiving daily credit rewards.

AI is selling for just $0.0000284 during its presale, while its planned listing price is $0.0000336. You can buy the token using ETH, BNB, USDT, or USD. The presale has been hugely successful so far, raising over $5m in less than three weeks. Given the success of memecoins like Pepe and other BRC-20 tokens as of late, $AI may be the next to go to the moon.

Visit AiDoge Presale

DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.

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