Join Our Telegram channel to stay up to date on breaking news coverage
The Dogecoin price climbed more than 8% over the past 7 days to trade at $0.08194 as of 8:30 am EST as investors continue to drive the meme coin’s value up.
DOGE-1 Mission Could Launch Dogecoin Price
One of the potential reasons that the Dogecoin price continues to rise is the recent regulatory approval that the DOGE-1 launch received. The project, completely funded by DOGE tokens, received approval from the National Telecommunications and Information Administration. This is an important step towards being granted the final Federal Communications Commission (FCC) license.
The DOGE-1 satellite is being developed by the space technology firm Geometric Energy Corporation, which announced the project in May 2021. Hitching a ride on the SpaceX Falcon 9 rocket, the satellite will include a miniature screen displaying advertisements, images, and logos.
Dogecoin Price Shows Signs Of Further Gains
Daily chart for DOGE/USDT (Source: TradingView)
From a technical perspective, two major bullish flags are firing on the daily chart for DOGE. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggested that the Dogecoin price may rise. This is after the daily RSI line broke above the RSI Simple Moving Average (SMA) line in the past 48 hours. Traders generally identify this as an increase in buyer strength.
Following the significant technical flag triggered by the daily RSI, the MACD line broke away above the MACD Signal line. This specific technical occurrence indicates a short-term continuation of DOGE’s bullish trend.
Dogecoin Price Could Soon Flip A Major Resistance
Should these two technical flags be validated, the Dogecoin price may flip the resistance level at $0.08270 into support within 24-48 hours. On the other hand, the meme coin closing today’s daily candle below $0.08270 may invalidate the bullish thesis. In this more bearish scenario, the Dogecoin price could stand the risk of retracing down to the $0.07755 support level. Continued sell pressure could lead to the meme coin’s value dropping to as low as $0.07240 in the next couple of days.
As the Dogecoin price prepares to launch alongside the DOGE-1 satellite, investors may want to look into three other promising meme coin projects. Meme Kombat, Wall Street Memes, and SpongeBob could skyrocket with DOGE in the next few weeks.
Meme-Based Project With Utility
Meme Kombat is different from most meme coins currently in the market. The project’s main differentiating factor is its high levels of utility, as it boasts an innovative gaming platform within its ecosystem.
Through its platform, players can place bets on regularly scheduled battles and stand the chance to win rewards. Something that might attract investors and gamers is the more-hyped battles that will also take place within the ecosystem.
These particular battles come with more lucrative rewards for winning bets. To get started, investors can purchase the project’s native token here.
Community-Centric Meme Coin With 10X Potential
Our weekly update is here! 🔔
Make sure to follow us on @Medium, so you can stay up to date with the latest news!
Read this weeks update here ⬇️https://t.co/0pqQczXdGX pic.twitter.com/bQoIxSCGju
— Wall Street Memes (@wallstmemes) November 24, 2023
Selling for just over $0.023, Wall Street Memes’ native token WSM offers investors more than just a speculative trading opportunity. Holders of this meme coin will gain access to an exclusive community and receive bonuses in the project’s casino. That’s not all, as WSM holders can also earn rewards by staking their tokens.
Offering Meme Coin Investors Another Opportunity
Working in your 9-5 job waiting for the next #BullMarket 🧽🧽🔥🔥🚀🚀#Crypto #Web3 #MemeCoin #Alts pic.twitter.com/YDVwj7cWoc
— $SPONGE (@spongeoneth) November 20, 2023
SpongeBob is a meme coin based on the beloved cartoon character SpongeBob SquarePants. Trading at $0.0003070, the project’s main objective is to provide investors who missed out on previous meme coin opportunities a chance to yield out-of-this-world returns.
As such, it may only be a matter of time before this project explodes and returns substantial returns for early-stage investors.
Related Articles:
New Crypto Mining Platform – Bitcoin Minetrix
- Audited By Coinsult
- Decentralized, Secure Cloud Mining
- Earn Free Bitcoin Daily
- Native Token On Presale Now – BTCMTX
- Staking Rewards – Over 100% APY
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
