Before AiDoge Raises $1 Million, Is it Possible for Doge to Reach $1?
Dogecoin, the largest meme coin with a market capitalization of almost $11bn, is down 3% on Monday and trading at $0.0786, following a rejection from highs around $0.0952. While some analysts believe social media hype and Elon Musk’s connection with the cryptocurrency could push its price to $1 in the future, others cite its lack of real-world applications, inflationary supply, high volatility and lack of regulatory oversight in the larger cryptocurrency market as reasons for their scepticism. The price of dogecoin could be in trouble this week unless support at $0.075 holds, technical analysis suggests. If it rebounds, bulls may have another chance to push for gains above $0.1. In addition, despite the lack of utility for Dogecoin, it has a huge following on social media, including Twitter, where it has 3.7 million followers. AiDoge is a new meme coin, powered by artificial intelligence, that aims to launch meme coins with utility that can solve real-world problems. Early investors are encouraged to take advantage of its early bird pricing. AiDoge plans to carry out 20 presale stages, and may become one of the biggest names in the cryptocurrency industry due to its unique feature of an automated meme coin generator, which provides early investors with a strategic advantage.