The Dogecoin price has dipped to $0.1698 today, with the meme token’s fall coming as the cryptocurrency market loses 3% in the past 24 hours.
DOGE remains up by 5% in the past week, and while it’s down by 6.5% in the last 30 days, it holds on to a decent 56% gain in the past year.
The meme token has also received a boost in the past couple of days, with six-time NBA Champion Scottie Pippen name-dropping Dogecoin in a “watch list” of altcoins.
While an endorsement from a NBA legend such as Pippen may initially seem like a big deal for Dogecoin, Pippen has mixed credibility within the cryptocurrency market, given some of his bizarre actions and statements in recent months.
Still, Dogecoin remains a popular meme token, and even if it has been moving slowly this year, its long-term price prediction remains positive.
Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?
Posting via his X account, former Chicago Bull Scottie Pippen confirmed that Bitcoin is his “#1”, but that he’s building a watch list.
As you can see below, the list currently includes Ethereum, Solana, XRP, BNB, Cardano, Dogecoin, Shiba Inu, Chainlink, and Cronos, as well as Pippen’s own crypto, BALL.
The tweet currently has 1,700 likes, but while it does seem to have caused a stir, it hasn’t boosted the Dogecoin price today.
This is mostly because the market remains in an uncertain mood, given ongoing concerns regarding US tariffs, yet it’s also because Pippen himself is not an entirely credible figure.
Not only has he launched his own Game 5 Ball NFT in recent months, but he has also produced a number of strange pronouncements, including the claim that he met Satoshi Nakamoto in 1993.
This means that his ability to attract new converts from the general public is probably minimal.
And his lack of impact is apparent in Dogecoin’s price chart today, which remains in a weakened position.
However, it does seem as though DOGE could be close to making a recovery, given that a bullish pennant has formed on its chart.
Its RSI (yellow) and MACD (orange, blue) have also begun rising, after more than a month in an oversold position.
As such, it may not be long before the Dogecoin price enters a renewed period of growth, with the meme token potentially topping $0.20 by the middle of August.
It may begin targeting the much-coveted $1 price point in the longer term.
TOKEN6900 Raises $240,000 in Presale: Could This Be the Next Meme Token to 1000x?
For traders worried that Dogecoin’s best days may be behind it, there are newer meme tokens that are showing stronger potential right now.
One of these is TOKEN6900 (T6900), an ERC-20 cryptocurrency that launched its presale last week.
It has already raised $245,000, a sign of its growing popularity, and of how successful it could be once it launches.
What’s novel about TOKEN6900 is that it’s distinguishing itself from meme coins that are trying to give themselves more utility (e.g. Shiba Inu), with the new project making it clear that it has no utility and rests on hype, marketing and FOMO alone.
As its declares on its website, “It’s Not Built On Fundamentals. It’s Built On Delusion, Irony, And The Collective Hallucination Of Terminally Online Traders.”
It’s comparing itself with SPX6900, which has also adopted the memes and stylings of the dot-com bubble of the late 90s.
It has a max supply of 930,993,091 T6900, which is precisely one more token than SPX6900 had at the time TOKEN6900’s presale opened.
The project is hoping that this kind of one-upmanship will gain it followers, and judging by the early growth of its presale, the strategy is beginning to work.
And while T6900 has no fundamentals whatsoever, holders will be able to stake it, earning themselves an income on top of whatever returns the token brings.
Investors can buy it now by going to the TOKEN6900 website, where $T6900 costs $0.0065.
This price will rise in just under two days, so traders wanting the lowest possible price should act quickly.
The post Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed? appeared first on Cryptonews.
