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Dogecoin’s recent 14% drop has sparked speculation about whether this is a temporary pause before it surges upward.
Doge’s current price is $0.06257, and people traded about $242.34 million on the last day. Dogecoin’s price slides by over 14% In the previous week, but in the last 24 hours, it went down around 2%.
Investors and analysts are closely watching to see if this dip is a temporary setback or a precursor to a more significant price movement.
DOGE Statistics:
- Today’s Price – $0.06257
- Market cap – $8.84 Billion
- Circulating supply – 140.48B DOGE
- Total supply – 140.48B DOGE
- CoinMarketCap ranking – 8
Dogecoin’s Recent Drop: Examining the Possibility of a Comeback
Dogecoin, similar to other coins, has decreased in value recently. This could lead to an increase because more people are selling it, and it’s becoming cheaper.
If we look at the chart for each day, there’s a specific point below which the price might struggle to go down, around $0.06893 and $0.07229. However, it’s favorable if the price remains higher than the support levels at $0.06027 and $0.05575.
If buyers can keep the price above the average of the last 50 and 100 days, it has the potential to rise, possibly even reaching $0.07020 or higher.
DOGE’s RSI is about 40, which suggests its price might decrease in the next trading session. However, Dogecoin’s price could increase if RSI rises to around 50 or higher. It began at $0.07020 and could reach $0.07260 in a few weeks and possibly even hit $0.08 in a couple of weeks.
All signals indicate a potential long-term price increase. But remember, if it goes below the moving averages and the RSI drops below 40 in the short term, your profits might disappear quickly. To protect your gains and minimize losses, consider using a stop-loss order. Keep a close watch on the Dogecoin market!
Alternative to Dogecoin (DOGE)
The Wall Street Memes (WSM) token project is almost finished with its last presale step and has collected over $25 million. This makes it one of the fastest-growing crypto presales in 2023. It aims to make investors richer by giving them enormous profits. Crypto experts predict the project might grow 1,000 times in value this year.
Even though $WSM is new, it has the potential to grow a lot in the future. The project has clear plans for what it wants to do, and people are getting interested in it. But it’s important to know that $WSM might face some difficulties because the value of cryptocurrencies can change a lot.
The team behind $WSM has the experience and is trustworthy. The Wall Street Memes team also built a big community of more than 1 million members, which is a good sign for the project’s future.
Wall Street Memes Token Presale Gathers Momentum
As of the latest news, the Wall Street Memes token is almost done with its presale at 29 out of 30 stages. This presale step has raised a significant amount of about $25 million, getting close to the goal of $25.9 million.
This achievement has excited people about what’s coming next, and they expect to make a lot of money when it starts. People are talking positively about this, thinking it might grow to 20 times its value when launched.
Even though the crypto market can change quickly, people feel hopeful and optimistic about it. Considering this, here are some of the top crypto ICOs you might want to consider investing in.
Wall Street Memes Token: Your Gateway to Exciting Features, Investments, and Giveaways
The Wall Street Memes token has attracted much attention from investors because of its exciting features. You can now buy this token using cryptocurrencies like USDT, Ethereum, and BNB. Remember, both BNB and Ethereum addresses use the “0x” prefix.
If you want to use BNB to pay, check and ensure your tokens are claimed on the ERC-20 network first. The price for one token is $0.0337 WSM, which means there are different prices you can start from if you want to be part of the project.
Starting a giveaway of $WSM tokens, the project is putting aside a significant value of $50,000 in $WSM tokens to get the community involved. There is $50,000 worth of $WSM tokens to win or about $10,000 for each winner, split equally among five lucky people.
Can’t wait to see The Big Short 2 pic.twitter.com/ICFycL7PII
— Wall Street Memes (@wallstmemes) August 15, 2023
Until now, they’ve collected more than 77,000 entries, showing how much people like this idea. If you want a better chance of winning, participate in the different activities they suggest.
If you join in on different social media sites, you can improve your chances of getting picked in the $WSM token giveaway. People are excited about the best investment of 2023 and the coolest new memecoin, Wall Street Memes.
This project has a good chance of being a top meme project. Don’t miss the chance to buy it at a reasonable price, and look forward to getting big rewards soon.
Remember not to miss the Wall Street Memes presale. It’s a chance to be part of something that could make you a lot of money. Check out our guide if you want to know how to buy $WSM tokens.
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