Major cryptocurrencies plunged at the start of trading on Monday as financial markets reacted to President Trump’s decision to impose hefty tariffs on his main trading partners. The risk-off environment pushed many digital assets to multi-month lows, but experienced investors used the sell-off as a “buy the dip” opportunity. As a result, projects such as Ripple and Bitcoin posted notable recoveries, with Bitcoin reclaiming the psychologically important $100,000 level.
At the same time, crypto projects in innovative subsectors are reaping benefits from improved market sentiment and demand for revolutionary concepts. Dogizen, a recent entrant to the GameFi space, is positioned for rapid growth as it leverages Telegram’s broad reach and a crypto-friendly backdrop.
Less than a week after its public debut, DOGIZ tokens are in high demand. Crypto enthusiasts believe the current price may represent the lowest point the project will see before a potential explosive run.
Ripple price posts impressive rebound as investors buy the dip
On Monday morning, Ripple extended losses from the prior session and briefly broke below the rising trend line connecting several lows since mid-November 2024. The token fell to a two-month low of $1.7610 before recovering some losses to trade around $2.6902 at the time of writing.
Like many other cryptocurrencies, Ripple reacted to President Trump’s tariff announcement, which included a 25% duty on imports from his main trading partners, Canada and Mexico, alongside an order imposing a 10% tariff on goods from China effective February 4.
Following the rebound, the altcoin pushed back above the 50-day EMA (medium term) but remained below the 20-day EMA (short term). At current levels, Ripple is likely to find support around the 50-day EMA at $2.6255, while bulls will need momentum to break resistance near the 20-day EMA at $2.9000. This bullish case remains intact as long as Ripple holds above the key $2.50 zone.
Dogizen enters the home stretch with a wide playing field ahead
Dogizen is approaching its final phase: the presale concludes on Friday, February 7. Over four months, the project has already raised $3.86 million.
At the current pace, it is likely to surpass its target as experienced investors rush to acquire DOGIZ tokens before the public listing. With timely positioning and substantial growth potential, the current price of $0.000085 may represent a low-water mark for the project.
As a small-cap cryptocurrency, Dogizen has greater upside potential and could deliver significant returns for early adopters once it reaches open markets.
Its listing arrives amid expectations that cryptocurrencies could benefit from President Trump’s policy direction. Within a week of taking office, he ordered the creation of a task force to propose regulations for digital assets and to explore establishing a national crypto reserve.
Beyond a pro-crypto policy environment, Dogizen stands to gain from its focus on Telegram gaming. Telegram boasts over 950 million monthly active users; coupled with a forecasted crypto rally in 2025 and continued growth in GameFi, Dogizen could reach new milestones.
The project has also taken measures to protect against the dumping that affected some rivals. Unlike tokens that relied on airdrops, Dogizen ran a well-organized presale designed to attract long-term investors. That approach has resulted in a holder base weighted toward loyal, long-term backers. Learn how to buy Dogizen here.
Ethereum nears oversold territory as major cryptos tumble
At the start of Monday’s session, Ethereum plunged to a six-month low as markets reacted to the tariff decision, before rebounding to about $2,732.53 at the time of writing.
A look at the daily chart shows the altcoin approaching oversold territory with an RSI near 32. The indicator is pointing down, signaling continued selling pressure in the near term.
Ethereum currently hovers around the previously stable support area near $2,750. A renewed bounce would put bulls targeting the next resistance at $2,926.18, while further selling pressure could push prices back toward the support level at $2,581.58.