The world of cryptocurrency experienced an extraordinary surge when Dogecoin, a significant meme coin, skyrocketed in the last quarter of the previous year. However, the momentum seemed to have lost steam as the largest meme coin remained relatively stagnant in the beginning phase of the current year. That being said, several whales seem to have taken advantage of this situation and have collectively purchased a whopping 470 million DOGE tokens in recent days. As a result, the Dogecoin trend witnessed a slight uplift, instilling potential confidence for a considerable rise. The burning question now is whether Dogecoin can hit the 1 euro mark?
In the past two days, several Dogecoin whales have purchased approximately 470 million DOGE tokens that are valued around $158 million at the time of writing. This happened after the Dogecoin trend dropped from around $0.39 to $0.31.
This massive purchase by the whales indicates a certain level of confidence in the meme coin, possibly ignited by the recent Dogecoin trend that didn’t fall below the support level of $0.314. This cryptocurrency has come across this support level multiple times and has proven its ability to stay above it consistently.
At present, the Dogecoin trend stands at $0.33694 and experiences resistance at the $0.34813 level. If it manages to breach this level, it could potentially revisit the $0.39755 mark soon.
Dogecoin, over the past month, has demonstrated the degree of volatility associated with cryptocurrencies. As of now, it has dropped by 6.25% but it also has the potential to rise again. With the anticipated bull run for 2025, there’s a high probability of witnessing a significant increase in the Dogecoin trend. Under the most optimistic scenario, it could even reach the $1 mark.
Other Cryptocurrencies to Consider
The volatility observed in cryptocurrencies like Dogecoin is what makes it risk-filled and yet attractive to many investors. With a large meme coin like Dogecoin, having a market cap of $1.86 trillion, an investment of 470 million DOGE tokens only makes a slight impact. For this reason, some investors are diversifying their portfolio with new meme coins that are still in presale and have the potential to yield significant profits once they are available on the exchanges. Here we present three meme coins with promising potential.
Wall Street Pepe ($WEPE)
The project, Wall Street Pepe ($WEPE), offers never-before accessibility to exclusive trading insights, opening doors for learning how to trade like a pro. The project shares insightful market trends with its supportive community termed the WEPE Army.
The level of participation in the community is entirely up to the members, however, some members share their knowledge and discuss the best trading strategies. This project is suitable for both newbies and seasoned pros.
While the presale success doesn’t paint the whole picture, it is worth noting that the project recently celebrated the milestone of raising $45 million (now $46.5 million). Joining the community on X isn’t sufficient to enjoy all its benefits. To do so, you need to possess the $WEPE token, and it’s beneficial to get your hands on them as early as possible since the price of the token keeps increasing. At present, you can join the WEPE Army for $0.00036646 per $WEPE token.
Flockerz ($FLOCK)
Flockerz ($FLOCK) has taken a revolutionary approach through Flocktopia where investors can vote on every decision of the project. This project follows the “wisdom of the crowd” principle.
Being part of this community can give you influence over the decisions of the project in which you invest. Acquire $FLOCK tokens now, before the price escalates and, most importantly, before this promising cryptocurrency hits the exchanges. You can own your $FLOCK tokens today at $0.0066883 per piece.
Meme Index ($MEMEX)
The innovative crypto project, Meme Index ($MEMEX), brings a fresh perspective to trading trending meme coins. As a $MEMEX holder, you gain access to a clear overview where each meme coin is categorized into one of four indices – Titan Index, Moonshot Index, MidCap Index, and Frenzy Index. These indices are determined based on factors such as a crypto’s volatility.
If you’re looking for a highly volatile, newly released cryptocurrency, the Frenzy Index is where you should look. For more established cryptocurrencies like $PEPE or $DOGE, you’ll find them in the Titan Index. The project actively tracks the status of different meme coins to keep the indices updated. At the moment, a $MEMEX token is available for $0.0151636.
FAQs:
What is the current price of Dogecoin?
As of now, the Dogecoin price is $0.33694.
What are the benefits of investing in Wall Street Pepe ($WEPE)?
Investing in $WEPE not only gives you exclusive access to trading insights but also makes you part of a supportive community where you can learn and discuss the best trading strategies.
What makes Flockerz ($FLOCK) a unique investment option?
Investing in $FLOCK allows you to be part of a community where you can vote on every decision of the project, a unique approach that Flockerz ($FLOCK) has taken with Flocktopia.
If you’re intrigued by the future potential of OKB, it’s a smart move to download a popular cryptocurrency application like Finances Zippy. It offers you insightful price predictions and market trends to keep you updated.
