FRIEND Token Experiences 6.3% Dip, but Experts Suggest New Dog-Themed Crypto ICO Could Generate 1,763% Returns
By Tim Hakki
Updated on May 6, 2024, at 10:59 EDT
Friend.tech, an exclusive decentralized blockchain social network, has witnessed a sudden drop of 4.3% in the value of its crypto token. This decline occurred within the last hour, coinciding with other leading cryptocurrencies also experiencing losses.
The $FRIEND token, launched by Friend.tech, suffered a 50% crash on its debut last Friday when its largest investor decided to take profits. Since then, it has further declined by 4.3% after the lunch hour on Tuesday (UTC).
As of today, the price of FRIEND stands at $2.69, making it approximately 6.3% less valuable than it was at the same time yesterday. These figures indicate a volatile period for FRIEND holders. Such fluctuations are not unexpected in the speculative realm of cryptocurrencies, especially during launches, particularly amid a cautious macroeconomic outlook and waning enthusiasm for Bitcoin ETFs.
However, despite these challenges, Friend.tech has achieved significant milestones since its launch as a decentralized on-chain social network in August. It has surpassed Uniswap and Bitcoin by generating $1 million in 24-hour fees and has earned tens of millions in fees.
Unfortunately, the increased attention has also attracted opportunistic individuals. Friend.tech has fallen victim to SIM swapping attacks and a substantial data leak.
Nevertheless, since its launch, the FRIEND token has quickly settled within the $2.40 to $3.20 range. Although it is still early days, it appears that holders who wished to cash out at the launch have already done so. Consequently, FRIEND’s price movements are likely to align with the broader market.
Source: TradingView (DEXTools)
Fortunately, recent market movements are looking optimistic after a bearish period that drove Bitcoin’s price below $60,000 last week. The world’s most popular cryptocurrency is now trading at $64,090, roughly the same price as it was a week ago, but with a 3.4% gain from seven days prior.
Is WienerAI a Superior Crypto Companion?
Friend.tech has an intriguing concept and has gained support from various celebrities, including the NBA’s Grayson Allen, as well as crypto influencers Cobie, Gainzy, and RookieXBT.
However, another presale has quietly amassed $1.1 million thus far and offers a different kind of companionship. WienerAI ($WAI) is a brand-new meme token and AI companion that has the potential to generate significant rallies upon listing, thanks to its unique features.
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The WienerAI smart contract has undergone auditing by Coinsult, a blockchain security platform that conducts security checks on various crypto and blockchain platforms.
Approximately 20% of $WAI’s supply is reserved for staking. WienerAI’s website encourages buyers to stake during the presale to take advantage of the lucrative yield, which currently stands at 831% APY.
Stay updated on WienerAI news through their accounts on X/Twitter and Telegram. Join the presale now on the WienerAI website.
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