Expert Recommends Patience While Accumulating IntelMarkets for 100x Gains
The post Expert Recommends Patience While Accumulating IntelMarkets for 100x Gains appeared on BitcoinEthereumNews.com.
DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . Although Dogecoin (DOGE) has been rising in popularity for some time, particularly among crypto fans, it firstly made a name for itself when its price skyrocketed. Despite its popularity, DOGE has never climbed above $1, leeding investors to seek more exciting projects. IntelMarkets (INTL), is such a prospect, an emerging AI-powered trading platform aiming to disrupt the crypto trading landscape with the possibility of a 100x rally. Dogecoin: The OG Memecoin Dogecoin was launched in December 2013 as a lighthearted alternative to Bitcoin that managed to acquire a committed community. For years the price remained relatively low, often trading for fractions of a cent. The first major surge happened early in Jan 2021, when the value of DOGE increased over 800% in 24 hours to roughly $0.07. Social media hype and surrounding celebrity endorsements (notably by Elon Musk) created a surge of this spike. Dogecoin reached an all time high of around $0.74 in May 2021 after gaining a large amount of media exposure and celebrity endorsements. This peak was short lived however, and the price fell sharply in the months to come. Challenges Facing Dogecoin’s 1$ Price Tag Several factors have contributed to Dogecoin’s inability to sustain higher price levels: Lack of Utility: While there are plenty of other cryptocurrencies with their own use cases, technological innovations, and communities, Dogecoin was made purely as a joke — intending to have no real purpose apart from being a storage of value. Market Saturation: With the influx of the new memecoins and altcoins, it’s hard for DOGE to stand out among the crowd.…
Filed under: News - @ November 20, 2024 4:22 pm