CEOs of Litecoin and Doge Drive Price Increase, AiDoge Valued at $8 Million
The cryptocurrency market is experiencing bullish momentum, with Litecoin and Doge CEO seeing price surges. The increase in Litecoin’s value is attributed to positive trading in the market and the upcoming halving in August, which will cut the reward for mining a Litecoin block in half, leading to a “supply shock” and a higher LTC price. Meanwhile, Doge CEO’s price is rising due to the positive contagion effect from the meme coin frenzy brought about by the success of coins like Pepe Coin and Turbo. Per the project’s website, Doge CEO seeks to empower retail traders to optimize their wealth creation through a 10% buying and selling tax, partly reflected back to $DOGECEO holders. New crypto contender AiDoge has raised over $8 million through its presale phase in under three weeks, with its meme coin project and meme generator gaining attention. AiDoge’s whitepaper outlines its intention to revolutionize the meme creation process through the platform’s meme generator, while its unique earnings protocol allows users to upload their memes to the public wall, with the creators of the memes with the most upvotes receiving $AI rewards at the end of each month. With nearly 18,000 people already joining the official Telegram channel, AiDoge has the potential for a successful latter half of 2023.