$BOSSDOG 56% surge and upcoming risks

Event:

Amid the general volatility of the crypto market, the $BOSSDOG memecoin showed an impressive 56% growth in a day, and its capitalization reached $904.1 million. Such a sharp jump attracted the attention of traders and investors, but there are not fundamental reasons behind this, but powerful support from the community, which literally inflates the token to enormous sizes.

Pump review:

The growth of $BOSSDOG is solely the merit of the community, which managed to inflate the token capitalization to fantastic values. Unlike many other projects, where market makers or large investors are behind the pumps, here the driving force was ordinary holders, actively promoting the token on social networks and crypto platforms. This trend perfectly promotes the token and gives it a chance for further life.

$BOSSDOG Team:

At the start, the $BOSSDOG team looked promising: announcements, activity on social networks, plans for token development. However, over time, their involvement was reduced to zero. It seems that the developers have already received their benefits and stopped supporting the project, which is quite possible. Without the participation of the team, further growth of the token is highly questionable.

Future analytics:

Having re-examined the chart and resources of the token, we believe that given the lack of support from the creators, $BOSSDOG may soon face a dump. The community, no matter how strong it is, will sooner or later lose faith in the token if it does not see development. The only chance to maintain its position is the return of the team and new initiatives.

Conclusion

$BOSSDOG has shown what a united community is capable of, but without fundamental support, it will face a sharp rollback. Investors should be careful, if the team does not become active, the token can quickly lose its positions. For more information about the token, you can look at its contract - Ef8SFM52M6YAQEVMtzncqnQmQf6LpeonEXGFrv9GumZf

We continue to monitor the developments around $BOSSDOG.

This article is not financial advice!