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Dogecoin (DOGE) boasts of being the most popular meme coin, with a market value of over $11 billion. However, it is experiencing bearish prices from last week’s high of $0.083. If the current support level of $0.074 is broken, it could spell doom for investors.
However, recent price predictions have thus become more bullish, and experts are predicting an incoming rally. Backed by this positivity, Twitter CEO Elon Musk replaced the Twitter logo with a picture of the dog, the mascot of Dogecoin.
Elon Musk bought Twitter last year and is planning the implementation of crypto payments into a future Twitter-based payments system. Elon Musk is a known fan of Dogecoin, having commended the meme coin’s benefits in 2021.
Dogecoin’s pump in buying pressure, fuelled by the Twitter logo, has seen the token attempt to rally above moving averages around the $0.082 area, meaning DOGE is now up around 8.13% against its April lows in the $0.074 area.
Since Elon teased integrating crypto payments into the future of the Twitter system, Dogecoin could be one of them. Lately, DOGE has retracted from previous highs, ranging in the $0.078 area.
Judging by fundamentals, Dogecoin can significantly push upwards shortly as long as the token remains the logo for Twitter, since this increases its popularity. Observers’ speculations stand with hints at a future integration of DOGE into multiple payment systems.
If other blue-chip cryptocurrencies like Ethereum come out of the bearish fever of recent weeks, the momentum could also provide a headwind for DOGE. The Dogecoin price is trading around the $0.078 mark, supported by bullish tendencies at a $0.074 discount, which doubles as a bullish order block.
DOGE would also be in danger if it fell through the demand area and support at $0.074 failed to hold, which is also possible given the cluster of ranging bars on the daily timeframe.
The price of DOGE will have the chance to increase if it bounces from the $0.074 support level, moving up toward the $0.1 level. The Moving Average Convergence Divergence (MACD), which may deliver a buy signal in the upcoming sessions, should be monitored by investors looking to make new buy entries.
Summary
DigiToads (TOADS) Sets the Pace as a Profitable Alternative to Blue-Chip Tokens
The days when meme coins were only about the hype are far gone. New and developing projects like DigiToads (TOADS) are breaking boundaries by creating a token that solves real-world problems with multiple utilities, making it one of the best cryptos to buy now.
DigiToads has been delivering increasing gains since its debut over a month ago. Currently, in the middle of its crypto ICO, the price of TOADS has risen by 140%, amassing over $2.45 million in sales.
While many meme coins are in circulation, DigiToads ranks among the best cryptos to buy now, with plans to introduce various profitable advantages for investors. The platform plans to offer several avenues for investors to gain more.
These unique features range from play-to-earn gaming to cool NFTs, providing early investors and TOADS holders a strategic advantage and priming the TOADS token to become the most significant ERC-20 token in the crypto sphere.
Judging by the increasing adoption and the hype from the platform’s plans to integrate cool NFTs, DigiToads could be a token that will stand the test of time well into the future. Current predictions confirm that the top-performing ERC-20 token could max out an additional 129.17% return on investment by the end of the year.
Potential investors are encouraged to take advantage of the successful crypto ICO by buying TOADS at an early discount before the price surges.
Conclusion
As the crypto market evolves, new coins like DigiToads provide promising opportunities for investors. While Dogecoin has been a popular meme coin, its rally in 2023 may be in doubt, and investors should consider other alternatives like DigiToads.
With its unique features, multiple utilities, and increased presale adoption, DigiToads is poised to become a significantly profitable investment. Potential investors are encouraged to take advantage of the successful crypto ICO by buying TOADS at an early discount before the price surges.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
*This article was paid for. The Cryptonomist did not write the article or test the platform.
