Dogecoin Price Prediction: DOGE Pumps On Elon Musk Moon Mission Approval, But Is This New Meme Coin Star The Best Crypto To Buy Now?

ByEvans Karanja

Updated: 01 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Dogecoin price is up 3% in the last 24 hours to trade at $0.0838 as of 6:30 a.m. EST as trading volume rose 4% to $866 million.

This surge follows Geometric Energy Corporation’s announcement that the Doge-1 lunar mission by SpaceX has been granted a license by the U.S. Federal Communications Commission (FCC).

Geometric Energy Corporation (@GeometricEnergy) was issued an @FCC license today for the DOGE-1 Mission to the Moon! 🚀 🛰 🌙 $XI $GEC pic.twitter.com/GSrbon8cyY

— SΔMUΞL RΞIÐ (e/acc) (@SamuelReidGEC) November 30, 2023

The DOGE-1 satellite project, revealed in May 2021, is scheduled for lift-off aboard a SpaceX Falcon 9 rocket. This satellite initiative was entirely financed with DOGE tokens and a Dogecoin token is set to join the mission.

Dogecoin Price: Bulls Push Price Near November 16 High

DOGE Price Chart Analysis. Source: Tradingview.com — DOGEUSD Chart Analysis. Source: Tradingview.com

The Dogecoin price is currently exhibiting bullish momentum, approaching the levels last seen on November 16 at $0.0878.

The Dogecoin market has demonstrated resilience with robust support at $0.0582, serving as a solid foundation for bullish activity.

This strength propelled a breakout from the descending wedge pattern and a successful retest of the 200-day simple moving average (SMA). The upward momentum further surged above the $0.075 resistance level.

The technical confirmation of a bullish sentiment materialized with the price executing a successful crossover above the 50-day and 200-day SMAs, occurring at $0.071.

Despite a relative strength index (RSI) decrease from an overbought level, it remains bullish, trading at 63.

Dogecoin Price: Bullish Momentum Targets $0.15 In 2023

The Dogecoin price has been climbing towards $0.11 during the fourth quarter of 2023, underpinned by encouraging indications from the RSI and key SMAs. Sustained bullish momentum holds the prospect of driving prices even beyond the $0.15 threshold.

On the technical front, the $0.088 resistance level presents a formidable obstacle that may hinder further upward movement.

A corrective phase could ensue in such a scenario, targeting the $0.077 support zone. A breach beneath this level might encounter additional support at $0.066, marking crucial technical levels to monitor for potential price developments.

Investors in Dogecoin may consider exploring Meme Kombat as an avenue to secure significant rewards, and to diversify holdings in the meme coin space.

MK allows participants to engage in battles using well-known meme characters and wager on the outcomes of other users, providing an opportunity to enhance potential returns.

Meme Kombat Secures Over $2.3 Million – And Time is Running Out

Meme Kombat (MK), a new player in the play-to-earn (P2E) space, is changing how we use memes. As a new gaming platform, it integrates memes into a competitive framework, enabling players to battle using memes.

Players can wager on their memes for a chance to win and place bets on professional players competing in the game.

Kombat is a way of life. It makes us who we are.#MemeKombat $MK pic.twitter.com/wQANN0uRrc

— Meme Kombat (@Meme_Kombat) November 22, 2023

In its presale, Meme Kombat has successfully raised over $2.3 million and is rapidly approaching its target of $2.5 million.

$MK is now worth $0.225 per token!

And we passed $2.3 million raised in presale🤯 big things happening to the #MemeKombat community! pic.twitter.com/UpLgY3iD8P

— Meme Kombat (@Meme_Kombat) November 30, 2023

For a limited time, investors can buy MK tokens at a discounted price of $0.225 per token. However, this price is set to rise to $0.235 in the next six days, highlighting the urgency for interested buyers to act swiftly.

Stake to Earn Passive Income, 10X Potential Growth

The Meme Kombat project has introduced a staking feature, allowing investors to stake their MK tokens for passive income generation.

📣 Major Update 📣

The Meme Kombat Staking Dashboard is officially live and ready to be used by you!

Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G

— Meme Kombat (@Meme_Kombat) November 9, 2023

Staking MK tokens offers an impressive APY of 380%. To date, 10.3 million MK tokens have been staked, representing 70% of the total supply. 1.7 million tokens have already been distributed as rewards to early stakers.

Staking allows investors to earn returns before the platform’s official launch, where they can place bets on their favorite meme characters for potentially significant wins.

As the presale nears its goal, prominent figures in the industry are beginning to take notice of Meme Kombat. In a recent video, crypto influencer and YouTuber Jacob Bury discussed the potential of MK to yield 10X returns and revealed that he has invested in the project.

You can purchase MK tokens on the official Meme Kombat website by connecting your digital wallet and conveniently using your ETH, USDT, or BNB to exchange for your MK tokens.