The Dogecoin Price Soars
The price of Dogecoin surged by 7% in the past 24 hours, reaching $0.07995 as of 7 am EST. This increase is attributed to Bakkt’s expansion of its custodial support to include Shiba Inu and Dogecoin.
Bakkt’s Custodial Services Expansion
As a cryptocurrency investor, it is important to understand that digital asset custody involves securing cryptographic keys essential for accessing and transferring assets. Bakkt has implemented diverse security measures, such as cold storage for coins and multi-signature technology, to protect these assets.
Dogecoin’s Bullish Momentum
Throughout 2023, Dogecoin has been on a downward trajectory but is now showing signs of bullish momentum. The price rebounded at the $0.58 support zone on the daily chart and broke free from a falling wedge pattern.
Crucial Support for Dogecoin
The price crossed above the 50-day and 200-day simple moving averages, with crucial support provided by the 200-day SMA. The relative strength index (RSI) remains in a bullish trend, indicating heightened strength and momentum for DOGE.
BTCMTX Presale Opportunity
There is an opportunity to participate in the BTCMTX presale, which has raised $4 million and is nearing its $4.6 million soft cap. The project team has established a hard cap of $15 million, allowing participants to acquire up to 77.5% of the token supply.
Earn Passive Income with BTCMTX
Participants can earn passive income through the BTCMTX Minedrop Airdrop and staking program. By staking your BTCMTX tokens, you can access a substantial APY of 147%. The project is conducting a contest offering a total prize pool of $30,000 to enhance your involvement.
CryptoNews Youtube Channel Feature
The CryptoNews Youtube channel has given a detailed guide on buying BTCMTX tokens and investing for lucrative gains on this promising opportunity.
Hot Take: Seize The Moment With BTCMTX
If you’re looking for quick returns, consider taking advantage of the rapidly surging BTCMTX presale before prices increase. Additionally, participating in the Minedrop Airdrop and staking program can provide opportunities for passive income while contributing to the growth of this promising project.
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