Dogecoin Price Gets A Musk Boost While This Eco-Friendly Coin Presale Pumps. DOGE Versus Chimp?

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Dogecoin rose after Elon Musk added a “D” to his profile on the newly branded X social media platform with investors taking it as a nod to the entrepreneur’s favourite crypto token.

Price Trends of Dogecoin

DOGE is up 18% in the last 7 days and over 21% in a month. It gained almost 9% in the last 24 hours.

According to coinmarketcap data, the trading volume of Dogecoin at 7:30 EST was more than $1.35b, up 56% in the last 24 hours.

Technical Indicators on Dogecoin price action

As shown on the chart, DOGE is trading above the 50-day Simple Moving Average (SMA) and the 200-day SMA, which suggests upward momentum in the market and signifies that the asset is in an uptrend.

The MACD indicator trading above the signal line with green histogram bars shows increasing bullish momentum. At the same time, forming a green candle on the daily chart also suggests increased buying pressure.

Also, the RSI value of 67.90 indicates that the asset is not yet in an overbought zone. This means DOGE will gain more in price today but might record a trend reversal once it crosses the overbought zone. So, traders should be cautious.

Factors that could affect Dogecoin price

General market sentiment surrounding regulations and whale trading activities could negatively affect Dogecoin’s price movement.

There could also be a price rally if Twitter finally incorporates DOGE as payment for creators on its platform.

Dogecoin Alternative

Chimpzee operates as a web3 initiative, allowing holders to contribute positively to environmental and wildlife conservation efforts while earning rewards.

Since its establishment, the project has gained considerable interest from both the cryptocurrency community and traditional circles that prioritize wildlife protection. $CHMPZ is an ERC-20 token with a total supply of 150 billion tokens

Chimpzee ecosystem features

Shop2Earn: Chimpzee operates an online shop where users can buy exclusive merchandise. Additionally, they can passively earn CHMPZ coins while contributing to important causes such as climate change and animal welfare. Chimpzee donates a portion of their profits to charitable organizations as part of their philanthropic efforts.

NFT Marketplace: The Chimpzee NFT Marketplace enables trading and earning opportunities while advocating for a more sustainable world. It is the first platform to share some of its trading fee profits with users. It showcases environment-focused NFTs that have been carefully reviewed to reduce duplications.s

NFT Passport: The Chimpzee NFT Passports are the gateway to accessing the exclusive Chimpzee ecosystem and higher income opportunities. This innovative approach enhances the utility of NFTs, making the project highly appealing to the NFT community. Due to the limited availability of NFT Passports, those who possess them can enjoy various exclusive benefits and advantages.

Play2Earn: Inside the Chimpzee ecosystem, Trade2Earn stands out with its unique feature that allows users to passively earn CHMPZ coins by actively participating in trading activities. Users can earn CHMPZ coins as rewards based on their trading volume and frequency when buying and selling various cryptocurrencies or assets on the Chimpzee platform.:

Zero Tolerance game: The Zero Tolerance Game allows users to earn CHMPZ coins while competing and winning premium prizes. Successful gameplay grants various advantages within the ecosystem, enhancing users’ positions and benefits.

Chimpzee presale

Chimpzee’s token presale has been incredibly successful, raising over $980K in funds and selling more than 1.64 billion CHMPZ coins.

The presale activity is in its 8th stage, with a CHMPZ token selling at $0.0000775 with only 10 days left before it elapses. CHMPZ will list in exchanges after completing its presale round at $0-00185 per token.

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How to participate in the presale

- Use an EVM-compatible wallet (such as MetaMask or Trust Wallet)
- Visit the official Chimpzee website.
- Navigate to the presale widget and click on [Connect Wallet].
- You can buy $CHMPZ using your card, ETH, or USDT.