Dogecoin Price Prediction: DOGE Holders Soar Past 5M For The First Time, But What Might This New Meme Coin Challenger Hold For Investors?

ByOdero Kester

Updated: 28 November 2023

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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 has gained 3% in the last 24 hours to trade at $0.0801 as of 11:00 a.m. EST.

This comes as the meme coin surpasses a landmark five million unique holding addresses.

JUST IN: Popular #memecoin $DOGE, has now surpassed 5 million unique holding addresses.

Data: @intotheblock @dogecoin #DOGE #Dogecoin

— BSCN (@BSCNews) November 28, 2023

Dogecoin Price Prediction

Looking at 3-hour DOGE/USD charts, the Relative Strength Index indicator is on an upward trajectory as it crosses above 50, showing accumulating buying pressure. The MACD is also moving towards the red zone, showing fading bearishness on the Dogecoin price.

The 50-period moving average is above the 200-period moving average, showing bull dominance on the Dogecoin price. All these indicators point to a bullish short term as the meme coin heads for the overbought region.

The Dogecoin price is facing low volatility as the Bollinger Bands move close to each other. This can be attributed to decreasing trading activities that have seen the token’s trade volume drop by 33%.

Meanwhile, as the Dogecoin price looks to rally in the short term, the new MK token could be the next big meme coin as its presale goes from strength to strength.

The project, which secured over $2.2 million in its booming presale, introduces an innovative concept, enabling users to wager on AI-generated battles between meme coin characters.

Dogecoin Price Prediction: Is Meme Kombat’s MK The Better Meme Coin?

Meme Kombat’s unique appeal lies in AI-powered matches featuring popular meme coin characters. With periodic releases of new seasons, the project keeps the gaming experience fresh, introducing the hottest figures and diverse battle types, accompanied by enticing rewards.

Renowned expert Jacob Bury foresees Meme Kombat’s potential surge possibly reaching a 10x valuation on listing. He cites its compelling use case, intriguing tokenomics, transparent team (doxxed), and the inherent allure of meme coins. He has previously hailed Meme Kombat as the “Next Pepe coin.”

This insight places Meme Kombat as an excellent investment option amid its guaranteed price surge upon listing.

Bury’s Optimistic Endorsement

While the full potential is yet to unfold, the project’s rapid market growth, intriguing use case, and robust fundamentals hint at a promising future.

Jacob Bury’s research emphasizes Meme Kombat’s popularity due to its doxxed and KYC’d team, which he says sets it apart from other meme coin projects criticized for lacking transparency and security.

Meme Kombat’s presale is live at $0.214, offering an enticing opportunity. Buyers are urged to act promptly as the price rises to $0.225 in less than two days, adding urgency to potential investors. So, as you watch out for the Dogecoin price, remember to check out Meme Kombat.

$MK is reaching new heights and taking the #memecoin world by a storm. Buy into the presale now! https://t.co/2x2FvsuR61

— Meme Kombat (@Meme_Kombat) November 27, 2023