All it took was for Bitcoin to reach its all-time high to give investors a clearer picture of what the best crypto to buy now could be. Spoiler alert: it is not Bitcoin. It is not Dogecoin either, since the OG meme coin, after a minor 7% uptick following the apex crypto reaching its all-time high, has now stagnated in terms of price action.
Dogecoin fans are now pivoting toward cryptocurrencies that could give them the same feeling as the old DOGE. While Maxi Doge does not necessarily do that, it promises a robust community that aligns with degen standards, and that could give its price a major boost in the long run. So far, the Doge-themed ICO has raised over $2.7 million already.
Summary
A Dive into the Dogecoin Price Action
Dogecoin hasn’t been at the top of its game lately. However, it has gone through multiple parabolic waves recently due to the current market’s volatile nature. Since May of this year, it has been able to go through modest pumps thrice, and each time, it is trying to outpace the previous one.
The trend line shows that if the DOGE price continues along the current pattern, it could cross the $0.3 mark soon.
But the real question is, will it reach the elusive $1 mark that the community has anticipated for so long? The simple answer is no. The inflationary asset, although it has generated buzz among institutions thanks to its ETFs and more than a few celebrity backings (Elon Musk), has not been able to generate the same level of excitement as before.
That being said, it has amassed a massive number of bulls. Even today, there are analysts who believe that the token could move up in value drastically. The latest among them is Short Squeezer, who has even said that the meme coin could reach $2 within a 6 to 8-month period.
Is it wishful thinking? Maybe. However, it is one belief that has been able to hold the community together for so long. That said, because of the inflationary nature of the token and the fact that such predictions have been invalidated before, DOGE may not be the best crypto to buy now.
Maxi Doge: A Buff DOGE Alternative
While Dogecoin has already had its time to shine, there are other projects that are now seen as the next best thing. And the one among them leading the momentum is Maxi Doge.
This Dogecoin-inspired cryptocurrency project takes a different approach to traditional meme coins of today, which are ripe with talk about utility that may or may not come to pass.
With Maxi Doge, the premise is “what you see is what you get,” which means a “buff” DOGE that leans into the degen jokes and even motivates people to take riskier investment decisions if they seek bigger rewards.
The simplicity of this premise has allowed Maxi Doge to gain much traction on social media. It now has over 4.2K followers on X, and on Telegram, it has upwards of 2.4K.
Memes are built into the core of this project, which means it does not take itself too seriously. Its roadmap is very simple, showcasing that the only purpose of the project is to generate buzz among the cryptocurrency community and provide users with leveraged trading opportunities once the presale concludes.
Trading on 1000x Leverage: Maxi Doge’s Vision of Exponential Growth
Other than the memes and the Gen Z lingo, the core factor that sets Maxi Doge apart from the rest is its focus on providing users with leveraged trading opportunities.
According to the official website, the goal of the project after concluding its presale is to list on exchanges that could provide users with the ability to trade $MAXI on 1000x leverage.
Per the memes and the information the website provides, it is an approach to make exponential gains. It is ripe with risks, sure. However, it is also very much in tune with what Maxi Doge represents.
Is Maxi Doge the Best Crypto to Buy Now?
Now the big question is whether Maxi Doge is the best cryptocurrency to buy now. Many believe it could be, citing the following reasons for their sentiment.
Built on a Singular Idea
According to crypto analyst InsideBitcoins, one of the biggest assets that work in Maxi Doge’s favor is that it is built around a single idea: the next rally is coming.
This means that just as Dogecoin got its major pump during the big rally of 2021, Maxi Doge could be the crypto to capitalize on this one. Considering Bitcoin has only recently pumped beyond its all-time high and the Uptober sentiment is still high, it is possible.
Meme-Themed Imagery
There are many meme coins that go overly stylized with their memes. Maxi Doge keeps things basic, which means presenting users with a simple, hand-drawn image of a buff DOGE going into battle with popular cultural icons such as Darth Vader. The jokes are there, and they are strong.
Presale Momentum
Maxi Doge has been able to raise upwards of $2.7 million at the time of writing. So, it can be said that the project has enough momentum now that it could surge in value once it goes live on exchanges.
Right Time to Invest in Meme Coins
With Bitcoin hitting its ATH level just recently, it can be said that the bull cycle is still on. And since high caps aren’t making parabolic jumps on the price charts, people are sticking to meme coins. SPX6900 and FLOKI, for instance, have both grown by double digits in the past 7 days.
This showcases a massive demand for meme coins, one that Maxi Doge could capitalize on.
Conclusion
People’s quest to find the best crypto to buy now is moving them toward meme coins with major upside potential in both the short and long term. Given that Dogecoin isn’t surging like it used to, Maxi Doge has emerged as a strong alternative.
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