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April promises to be an eventful month for dog-themed cryptocurrencies, especially with “Doge Day” (April 20th) looming as a potential catalyst. This special day for Dogecoin might cause a big increase in interest and prices for all things related to Doge.
Another thing to watch out for is the Bitcoin halving event on or around April 20, 2024. In the past, Bitcoin halvings have led to big increases in the crypto market, which could be good news for all cryptocurrencies, including those focused on dogs.
The excitement about Doge Day and the Bitcoin halving hints at big changes for coins related to dogs. In the past, these coins tend to rally before these events but then correct afterward. It’s expected to be the same this time. This article looks at five particular dog coins that investors should watch.
Dogecoin (DOGE)
First up is the original meme coin, Dogecoin (DOGE). Recent performance shows how the market feels about it. Dogecoin, the original meme coin, has reached its highest point in 14 months, boosted by strong basics and the approaching Doge Day.
However, Dogecoin’s price has dropped this week, with a 3% increase over the past week alone and a 2% drop in the last 24 hours. This decrease isn’t due to any specific event related to DOGE, but rather a market-wide decline triggered by Bitcoin.
Concerns persist about Dogecoin’s unlimited supply among some investors. Nonetheless, its potential for more gains is significant, especially considering its market cap of $27 billion. Despite the market crash, optimism remains, particularly about Dogecoin.
Some analysts predict that Dogecoin’s price will keep rising, even suggesting it could reach $12 as the bull market continues. The excitement around Doge Day and the overall sentiment in the cryptocurrency market might push Dogecoin even higher.
Baby Doge Coin (BabyDoge)
Another player in the arena is Baby Doge Coin (BabyDoge), boasting a large, active community and aiming to offer more than just a meme coin. With a market cap of $312 million, it presents an enticing investment opportunity.
The price of Baby Doge Coin (BabyDoge) has surged significantly in the last month, witnessing a rise of over 20% in value over the past 30 days. This increase followed the burning of around $5 million worth of BabyDoge tokens.
While Baby Doge Coin (BabyDoge) price remained steady for over two weeks within a narrow range due to Bitcoin’s decline, its recent listing on the CetoEX exchange propelled its value upwards by over 12% in the past seven days.
As BabyDoge gains momentum and sees increased adoption, market experts express optimism about its long-term potential. Their forecasts suggest that BabyDoge price could reach $0.00000001217 by 2024.
dogwifhat (WIF)
Another noteworthy contender in the realm of dog-themed coins is dogwifhat, with a market cap of $4.1 billion. WIF, a cryptocurrency on the Solana blockchain, has shown significant bullish momentum lately, experiencing a notable uptick in market value over the past month.
In the last 24 hours, the price of dogwifhat surged by 4% to $4.12, bringing its market capitalization to approximately $4.1 billion, placing it 30th among its peers. The 24-hour trading volume increased by 3%, indicating increased investor interest.
Over the past week, WIF has undergone significant price fluctuations, ranging from $2.90 to $4.80, demonstrating the volatility of this asset class. Despite a 19% increase during a bearish phase this week, April began with a general market cooldown, with cryptocurrencies like Bitcoin and Ethereum experiencing declines from recent highs.
If bearish momentum persists, WIF could retreat to the $3.00 support level, potentially dropping to $2.00. Conversely, a bullish resurgence could propel dogwifhat’s price beyond the $3.5 resistance, targeting $4 and even $5 soon.
FLOKI (FLOKI)
FLOKI stands out in the world of dog-themed coins due to its strong utility features and burning mechanisms. Despite its market cap being relatively modest at $2.2 billion, FLOKI’s innovative characteristics and engaged user community make it an appealing investment choice.
FLOKI (FLOKI) is currently one of the top meme coins for investment, nearing its all-time high (ATH) after surging by 333% in the last 30 days. Its previous ATH was reached on November 4, 2021, at $0.0003437, and recently, its price surpassed the $0.0003 resistance level.
FLOKI is among the most popular dog coins, created by fans of the Shiba Inu (SHIB) meme coin. The project aims to distinguish itself by offering various services such as a gaming metaverse, a content platform, and decentralized finance services.
Unlike some other dog coins, FLOKI’s market cap isn’t overly high, which means it could see significant long-term growth if it delivers on its promised services.
Dogecoin20 (DOGE20)
Lastly, Dogecoin20, scheduled to debut on Doge Day, has caught the eye of investors with its distinctive features, like passive reward options and a fixed token supply. With over $10 million collected in its presale, Dogecoin20 is ready to make waves in the cryptocurrency market.
For comprehensive instructions on how to buy $DOGE20, please refer to our detailed guide. DOGE20’s launch on Uniswap is set for April 20 – a day celebrated as a sort of “unofficial holiday” in the meme coin realm. When Dogecoin20 joins Uniswap, it’s coming prepared.
Utilizing Ethereum-powered smart contracts, #DOGE20 transcends its #Memecoin origins. 🌟🚀
Empowering the #Crypto Community with passive rewards! 💸
Optimize your $DOGE20 holdings by engaging in staking and earning rewards. 💎🔥 pic.twitter.com/cTbZcfRJjO
— Dogecoin20 (@DOGE_COIN20) March 24, 2024
The developers have reserved 10% of its total supply of 140 billion tokens to provide liquidity on the decentralized exchange. One standout feature that has attracted investors’ attention is Dogecoin20’s staking protocol. Another plus point for Dogecoin20 is its fixed supply.
The staking smart contract is designed to distribute tokens to all stakers over a two-year period, offering consistent passive income opportunities for the community. According to DOGE20’s website, current staking rewards are over 60% APY. Check out our $DOGE20 price prediction for insights on its future.
To accommodate latecomers, the team has announced a ‘Last Chance To Buy’ phase, providing a limited opportunity to get involved before the token’s launch on exchanges. The current price of DOGE20 is $0.00022, and it’s available for purchase on the project’s website ahead of the launch day using ETH, USDT, or fiat currency.
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