This 10,000% ROI crypto will Repeat Dogecoin’s price surge, says a top DOGE trader.
The post This 10,000% ROI crypto will Repeat Dogecoin’s price surge, says a top DOGE trader. appeared on BitcoinEthereumNews.com.
As the scenario in cryptocurrencies is changing, Dogecoin (DOGE), used as a meme token, is making a comeback—and rightfully so—as new tokens like Rexas Finance (RXS) emerge to provide better options. While Dogecoin has been in the headlines and has garnered a massive fanbase, RXS is positioning itself as an alternative with great upsides, using the asset tokenization model on the Ethereum blockchain. Aiming for multiple returns, RXS targets investors who want to invest in assets that are beneficial to the real world and have utilities. Current trajectory of Dogecoin: Should investors start being optimistic? On 29 October 2024, Dogecoin finds its price at $0.169 with a firm market cap worth $24.45 billion. Looking at the weekly Dogecoin technical analysis chart pattern, traders may seek buying opportunities as the appearance of a rounded bottom pattern sometimes indicates the last phase of a downtrend and the subsequent rotation we’ve been observing. This setup, along with other reasons, is building excitement among traders and the loyal DOGE community who think the coin is ready to finally breach its former record high of $1, potentially setting off a new bullish phase. For DOGE lovers, this signals a recovery in price action. In the last two weeks, DOGE has increased by 42%, bringing it back into focus in the crypto community. Moreover, Dogecoin’s 15.1% surge in the past 24 hours, as well as its 10.4% gain against Bitcoin (BTC), demonstrates that DOGE is showing promising results compared to the ‘king coin’ of the crypto market. However, after hitting the $0.16 mark on October 29, DOGE’s price entered a phase of sideways movement as some investors started taking profits, and sentiment appeared cautious. Still, high trading volumes are persuading some DOGE holders to explore newer, quicker-growing alternatives, with considerable interest in projects such as RXS.…
Filed under: News - @ November 4, 2024 4:21 pm