Dogecoin (DOGE) Pressured as Meme Hype Dies Down

The recovery in July is limited to selected assets. Dogecoin (DOGE), which always bounced to its usual range, is now lagging after meme tokens lose ground.

The cryptocurrency market is displaying a mixed recovery in July, with select assets showing positive signs while others lag behind. Dogecoin (DOGE), a Meme 1.0 narrative, is losing ground after meme tokens experience a decline.

Dogecoin (DOGE) also remains inflationary, offering no incentives to grow in value like meme tokens that also incorporate burns to decrease the supply. Polkadot (DOT) is another coin that puzzles the markets, trading back at its 2022 levels.

On the other hand, Clandeno (CLD) opens its ICO as an alternative to underperforming coins and tokens.

Dogecoin (DOGE) is also known as a Meme 1.0 narrative, spanning older assets. However, Dogecoin (DOGE) is losing its appeal, sinking toward $0.11.

Dogecoin (DOGE) has no incentives to rally, and any price action may only arrive with a powerful bull market that will lift all coins and tokens.

For now, Dogecoin (DOGE) continues sideways, while losing the $0.13 range where it spent a few weeks. The other potential scenario for Dogecoin (DOGE) is to get ahead of other meme tokens.

The meme narrative currently hinges on long-term holding, while awaiting a new breakout.

Polkadot (DOT) is now working on its Version 3 iteration, to reinvent itself as a usable chain. Polkadot (DOT) now trades at $6.30, near its 2022 levels, as it is facing negative comments and FUD on social media.

At the same time, Polkadot (DOT) continues with regular code commits and onboards between 5K and 10K daily users. For now, Polkadot (DOT) lags behind more active chains, and has abandoned its hopes of competing with larger networks like Ethereum (ETH) or Solana (SOL).

Clandeno (CLD) is an upcoming e-commerce platform, currently in its presale ICO stage. The Clandeno (CLD) token will have utility on the platform, granting early access and a share of the project’s commission revenues.

The goal of Clandeno (CLD) is to build a platform with the utmost defense against hacking attacks. All Clandeno (CLD) holders will also be eligible for perks such as early previews for features, as well as additional flash sales of new tokens.

The Clandeno (CLD) ICO will distribute 365M tokens, ensuring the widest possible distribution. The Clandeno (CLD) e-commerce platform will be tokenized with a total supply of 525M tokens.

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