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Dogecoin (DOGE) has seen modest gains in its price over the past day, thanks in no small part to the modest recovery in the market itself.
With meme coins being notable for their sporadic gains, investors are keen to see if DOGE can deliver some huge profits going forward.
Market Rally Fuels DOGE
After what has undoubtedly been a rough week, investors are relieved to see some gains come to the crypto market. Currently, coin prices have notched some minor gains, with investor sentiment improving.
As one of the market’s most valuable assets, it is no surprise that the life of DOGE has also been on the rebound.
At press time, the coin trades at $0.07655, which is a surge of 1.28% in the past 24 hours. DOGE’s gain outpaces the broader market, which is up by 0.17% in the same period.
On the technical front, DOGE is showing some relatively mixed signals. The digital asset currently trumps its long-term moving average (MA) indicators, although the short-term MAs still trade above it. Investors expect a continued rally could see it gain some ground over the latter.
DOGE’s negative moving average convergence divergence (MACD) shows a sell signal. However, a relative strength index (RSI) of 52.67 shows that the asset isn’t overbought just yet.
Unstoppable Domains Accept DOGE
The DOGE price rally has been largely fueled by the broader market. However, investors have recently become excited due to a major announcement.
Earlier this week, Unstoppable Domains, a major Web3 domain service provider, confirmed that it would now add DOGE to the list of digital assets that it would accept as payment methods.
Who left the $DOGE out? We did! 🐕
You can now buy Unstoppable domains using @dogecoin.
Much ownership. Very currency. Such excite. 👏 #DogeFam
Add [yourname].nft to your cart to try it out: https://t.co/ikR58tD3t3 pic.twitter.com/oVPbR14n0z
— unstoppable.clay (@unstoppableweb) March 1, 2023
The announcement confirms that DOGE will join top coins such as USDC, Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and more in processing payments for Unstoppable Domains payments.
DOGE’s developers have worked hard over the last year to improve the asset’s use case as a viable payment method. With this new development, it appears that their efforts are bearing fruit.
It will also be interesting to see what other company jumps on the DOGE payment bandwagon going forward.
On the broader spectrum, DOGE still leads the meme coin charge and is the most recognizable crypto asset in this market niche. With unshakeable support from new Twitter owner Elon Musk, DOGE could readily imitate its 2021 record high of $0.73 if the bulls continue their strong rally this year.
DOGE Alternatives to Consider for Gains
DOGE has always been an attractive asset to crypto investors, thanks to its track record of providing massive profits in a short time. However, as the market continues struggling out of its bearish movement, several other assets could prove even more attractive.
One such is CCHG. The crypto asset powers C+Charge, a blockchain-based charging solution for electric vehicles (EVs).
C+Charge is looking to provide an easier way for EV owners to charge their vehicles while offering them benefits such as carbon credits.
Exciting news for #crypto enthusiasts!
The C+Charge's presale is now live💚🍃
It's your chance to get in early on this innovative project that combines #blockchain #technology with #greenenergy solutions
Join our #presale now⬇️https://t.co/ixe18bPqzI pic.twitter.com/AZvGIHJ3rg
— C+Charge (@C_Charge_Token) March 3, 2023
CCHG is available in presale and has raised over $2.1 million. Investors can purchase the asset for $0.018, and once the fifth stage of the presale’s eight scheduled stages ends in four days, the price will increase to $0.019 per token.
Another great token to consider is FGHT. The digital asset is the native token of the Fight Out ecosystem, which is looking to provide a novel approach to fitness and health.
Fight Out provides incentives for users to get fit, optimizing their health in the process.
We’ve got some exciting news, #FightOutCrew!
Starting now, we’re changing the increase frequency of $FGHT from every 12 hours to every 7 days, until the end of presale!
Join the presale now and secure your spot! 🔥⬇️https://t.co/9pikKGRjSd pic.twitter.com/oPGk8fT13x
— Fight Out (@FightOut_) March 3, 2023
The FGHT token helps Fight Out users pay for the service while enjoying additional perks. The asset is available on presale, which has raised over $5 million. With the presale ending on March 31, investors would want to hurry.
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