ArbDoge Down 93% Since May, Golden Inu Up 18% In a Week After New Listing

In the memecoin landscape, new tokens can often draw a lot of excitement at the opportunity for significant profits. However, history shows that only investors who take the time to study and learn more about promising and secure new projects are the ones to avoid putting their money on a dead-on-arrival token.

In recent weeks, two tokens have captured the attention of the crypto community with their sharply contrasting trajectories: Golden Inu ($GOLDEN) and ArbDoge ($AIDOGE).

While Golden Inu rides the waves of success following a new listing and exciting developments, ArbDoge finds itself grappling with a significant decline in value that could potentially lead it to extinction.

Golden Inu’s Ascension: A Glimpse into its Potential

Golden Inu has emerged as a remarkable success story in the crypto space, capturing the imagination and excitement of investors due to its commitment to utility and security in the memecoin market.

The most recent trigger for its upward trajectory was the listing of its $GOLDEN [ERC-20] token on LiveCoinWatch and CoinGecko, which sparked a surge of interest from investors. In just under a week, the token witnessed a remarkable 18% increase in trading value, while also averaging a 90% buy rate.

The potential for Golden Inu’s continued rise throughout the rest of the year appears to be anchored in a multifaceted strategy. The upcoming listings on leading crypto platforms like CoinMarketCap promise to enhance its visibility and accessibility, potentially attracting a wider audience of investors.

In addition, the imminent launch of “Golden Inuverse”, a play-to-earn RPG, is poised to bring a lot of users to interact with the eco. This innovative addition not only diversifies Golden Inu’s utility but also introduces new avenues for revenue generation.

Furthermore, the introduction of the “Golden Treasury” token-burning mechanism is a strategic move to promote deflation within the Golden Inu eco.

With 50% of total dApps revenues, including those from Golden Inuverse, allocated to the token-burning process, scarcity, and value appreciation become intrinsic to the token’s long-term trajectory.

Differently from most memecoins, the project also goes out of its way to prove to investors that it is a safe investment. So far, Golden Inu has already gone through several security audits uted by third-party specialists, and its founder—Golden Takeishi—has been KYC verified by a crypto-security firm.

When looking at the larger picture, the longevity and relative stability of $GOLDEN puts even more weight on the idea that the project is here to stay.

ArbDoge’s Plunge: Analyzing the Decline

In other developments, ArbDoge’s unfortunate decline stands in stark contrast to the upward momentum of Golden Inu. The token, once hailed as a promising contender within the Arbitrum eco, has experienced a devastating 93% drop in value since May. Its holder’s finances have been further crushed by a recent 30% loss over the past month alone.

Despite its initial promise, the project has encountered challenges that have eroded investor confidence. The precipitous drop in value highlights the importance of robust fundamentals, a clear roadmap, and effective communication to maintain a token’s stability and appeal.

Despite the high hopes pinned on ArbDoge’s AIDOGE recent Launchpad and its innovative features, the recent disappointing trend in the token’s value remains a cause for concern.

The launchpad, scheduled to launch on August 22, set to provide an open platform for project showcase and participation, was a significant milestone for ArbDoge’s eco.

However, even with its alleged promising capabilities such as multi-chain support, staking benefits, and novel minting participation requirements, it seems to have struggled to reverse the negative trajectory.

The downward spiral of ArbDoge’s value raises questions about the project’s security in a highly volatile crypto market. Despite its efforts to enhance accessibility, investors and experts remain skeptical due to the lack of transparency surrounding its development and the team behind it.