Is DOGE Capable of Reaching $1 as Tokens Developed on Its Blockchain Attain Historic Highs? – The Future of Dogecoin Price
Dogecoin (DOGE) has seen a 2% rise in its price over the past 24 hours, reaching $0.074565 amid gains for the cryptocurrency market as a whole. Transactions on the Dogecoin blockchain have reached an all-time high, largely due to the issuance of new DRC-20 tokens. This surge in demand for space on the blockchain could see DOGE continue to rise over the coming weeks and months, as more of the token is needed to pay transaction fees. DOGE’s relative strength index suggests continued momentum that could help it reach new levels. The fact that the Dogecoin blockchain is witnessing more use points to a steadily rising DOGE price. Users are rushing to mint Dogecoin’s own version of Bitcoin’s Ordinals, using the DRC-20 token standard to create non-fungible tokens, suggesting Dogecoin is showing some kind of utility. If Twitter introduces cryptocurrency payments, DOGE could potentially move to $0.1, $0.5, and $1.
Assuming that the effect of Doginals on Dogecoin may be short-lived, investors may want to focus on stronger coins. One promising avenue is presale tokens, which can potentially see big gains upon exchange listing, especially if they belong to interesting platforms. AiDoge is an AI-powered meme-generating platform that has raised over $9 million since the offering of its native token $AI started in April. $AI combines advanced AI algorithms and extensive datasets to generate memes, with users voting to earn rewards in $AI if they receive enough votes. $AI can also be used for staking and for paying to use AiDoge’s meme-generating features, giving the token some genuine utility. Investors can take part in its presale by visiting AiDoge’s official website and connecting their wallets, before using ETH, BNB, USDT, or fiat currency to buy $AI, which currently costs $0.0000308. This price will rise to $0.0000312 during the sale’s next stage, with $AI listing on exchanges at $0.0000336, although its fundamentals may well push it much higher soon afterwards.