Is it Time to Buy Dogecoin with a $250 Million Trading Volume and Price Predictions?
Dogecoin’s price has fallen by 1% in the last 24 hours, reaching $0.072064 as the cryptocurrency market as a whole experiences a 1.5% decline. The digital currency’s indicators are currently in an in-between position, with its relative strength index seemingly on the way down, and its 30-day moving average moving very close to its 200-day, with a golden cross potentially signaling a breakout. DOGE’s support level has been rising over the past few days, suggesting that the meme token is consolidating around higher levels. DOGE’s 24-hour trading volume has risen above $250 million, which could suggest a recovery bounce. The meme token, being oversold, is viewed as a good time to buy by many, particularly with the current trend for meme tokens. With Twitter potentially introducing DOGE payments, the original meme token could indeed rally substantially in the not-too distant future. Some in the Dogecoin community have reacted negatively to Twitter’s appointment of a new CEO, NBCUniversal’s former chair of advertising sales, Linda Yaccarino. Investors may find investing in newer altcoins and meme tokens more worthwhile at this time. One of the most promising of these is AiDoge, an AI-powered meme-generating platform that has already raised over $8 million since the offering for its native token $AI began at the end of April. AiDoge’s platform uses advanced AI algorithms and large datasets to generate memes, with the highest ranked creations earning rewards for their authors. Investors can join its presale by visiting AiDoge’s official website and using ETH, BNB, USDT or fiat currency to buy.