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The cryptocurrency market has rebounded from a bearish action and is now showing gains. The digital asset ecosystem has since gained 2.83% in the past day, recovering the $1.12 trillion market valuation it lost a few days ago.
Key players like Bitcoin and Ethereum are now in the green zone, despite increased regulatory scrutiny on cryptocurrency exchanges in the US.
Additionally, Dogecoin has seen a single-digit increase, indicating a bullish trend in the past day.
Despite the challenging regulatory climate, there is still significant interest in the decentralized economy, with new blockchain projects offering solutions to real-world problems across various industries.
One such project is DeeLance, a decentralized recruitment protocol that market experts believe could surpass even the popular Dogecoin in the coming months.
DOGE Posts 4.23% Daily Gain in Tough Market
The bulls are gradually seizing back control of the crypto market. At press time, the nascent industry had increased by 2.83% to $1.12 trillion, following a significant drop to $1.09 trillion 24 hours earlier.
In this current bull run, market movers like Bitcoin and Ethereum are posting single-digit growth, although their seven-day performance has not caught up with the bullish trend.
Dogecoin has also flipped bullish, and its joke token, $DOGE, has risen 4.23% in the last 24 hours.
This has seen the daily trading chart flipping green and the price standing at $0.069 as it looks for a breakout about this resistance price.
Nonetheless, its longer-term performance is still not out of the woods yet.
$DOGE is down by 4.26% in the last seven days and 9.53% in the last month. Its 90-day performance is also not in a positive light as the digital asset is down 2.66% while the 180 days growth has slumped 29.69%.
On its year-to-date (YTD) performance, $DOGE is also down by 1.44%, while its twelve-months growth is down 16.08% so far. Its technicals are also lacking bullish traits in many aspects.
The asset’s 50-day smooth moving average (SMA) indicator price of $0.075 suggests that $DOGE is in a bearish move, while the 200-day SMA indicator price of $0.081 indicates that it is still far from breaking even.
Its relative strength index (RSI) shows an oscillator figure of 40.09, indicating that $DOGE is in the underbought zone.
This presents an opportunity for investors to consider buying the asset and potentially benefit from a market rise.
Also, its moving average convergence divergence (MACD) shows a weak sell signal.
While $DOGE may lack any recent fundamental news, the project is still a crucial player in the evolving crypto market.
Given its meteoric rise in 2021, Dogecoin still has a long way to go, and investors can easily profit from a continued bullish run.
Meanwhile, crypto investors are already focusing on a new breakout star in the crypto ecosystem, DeeLance.
Best $DOGE Alternative Is $DLANCE
In a densely populated crypto market, staking a claim for investors’ attention is difficult.
However, DeeLance has successfully stood out since its launch by offering a unique feature – a decentralized freelance and recruitment platform not available in other crypto projects.
The innovative platform aims to provide a smart and permissionless way for freelancers to work with employers.
DeeLance acts as a decentralized hub for talents, offering a vetted talent pool where employers can quickly find skilled professionals in their respective fields.
But that’s not all, the platform also enables tokenization of anything through non-fungible tokens (NFTs) on its marketplace.
Hello DeeLancers! 👨💻🕛
Only 11 days left until the end of our presale stage 4!
With $DLANCE token you can acquire land, office, & unlock unique features!✨👨💻
Take advantage of the low price. Join $DLANCE Presale Now ⬇️https://t.co/XHnTqVzMLN#DeeLance #Presale #Crypto #ETH… pic.twitter.com/GTCjMmKtTm
— DeeLance (@deelance_com) June 7, 2023
This means freelancers can own their digital work and transfer ownership once they receive the required payment.
Moreover, DeeLance operates a metaverse concept that allows freelancers and employers to collaborate in a 3D immersive workspace.
This idea is particularly relevant as virtual and augmented reality (VR/AR) become increasingly popular, making DeeLance stand out even among established crypto projects.
The recruitment platform has a highly competitive fee system, offering one of the lowest rates in the industry at only 2%. This positions it for great success once launched.
Hey DeeLancers! 👨💻
You’ll be able to use $DLANCE in the DeeLance Ecosystem for:
Discount on gig, buying office, land, NFTs, premium features, advertisement, Metaverse VIP experience & more! 💪
Get your $DLANCE tokens now ⬇️https://t.co/XHnTqVzeWf#DLANCE $ETH #Crypto #NFT pic.twitter.com/7IcURPGLv4
— DeeLance (@deelance_com) June 6, 2023
Currently in its fourth presale stage, the platform’s native $DLANCE token has already raised over $1.27 million in presales.
Early investors have the potential to see a 5x return on their investment if they purchase the token at its current presale price of $0.038.
On the fundamental front, Bitgert Ventures recently invested $1.12 million in the DeeLance protocol. This investment aims to bring attention to the revolutionary decentralized freelance market.
The project was also featured in the BSC Daily AMA podcast, indicating its wide appeal across the industry.
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