Dogecoin Rises on Elon Musk’s Profile Change
Dogecoin saw a rise in its price after Elon Musk added a “D” to his profile on the X social media platform, leading investors to interpret it as a nod to his favorite crypto token. Here are the key points:
- DOGE is up 18% in the last 7 days and over 21% in a month, with a 9% gain in the last 24 hours.
- The trading volume of Dogecoin has increased by 56% in the last 24 hours, reaching more than $1.35 billion.
- Technical indicators suggest upward momentum in the market, with DOGE trading above the 50-day and 200-day Simple Moving Averages.
- The MACD indicator and green candle on the daily chart indicate increased bullish momentum and buying pressure.
- However, the RSI value of 67.90 suggests that DOGE is not yet in an overbought zone, but caution should be exercised.
Factors Influencing Dogecoin Price
Several factors could affect Dogecoin’s price movement:
- General market sentiment surrounding regulations and whale trading activities.
- A potential price rally if Twitter incorporates DOGE as payment for creators on its platform.
Introducing Chimpzee: A Dogecoin Alternative
Chimpzee is a web3 initiative that allows holders to contribute to environmental and wildlife conservation efforts while earning rewards. Here are the key features:
- Shop2Earn: Users can buy exclusive merchandise and passively earn CHMPZ coins while supporting causes like climate change and animal welfare.
- NFT Marketplace: Chimpzee’s NFT Marketplace enables trading and earning opportunities, with a focus on environment-friendly NFTs. Trading fee profits are shared with users.
- NFT Passport: Possessing Chimpzee NFT Passports grants access to exclusive benefits and advantages within the ecosystem.
- Play2Earn: Users can passively earn CHMPZ coins by actively participating in trading activities on the Chimpzee platform.
- Zero Tolerance Game: The game allows users to earn CHMPZ coins and win premium prizes, enhancing their positions in the ecosystem.
Chimpzee Token Presale
Chimpzee’s token presale has been successful, raising over $980K in funds and selling more than 1.64 billion CHMPZ coins. Here are the details:
- The presale is currently in its 8th stage, with CHMPZ tokens selling at $0.0000775.
- Only 10 days are left before the presale ends, and CHMPZ will list on exchanges at $0.00185 per token.
How to Participate in the Chimpzee Presale
To participate in the presale, follow these steps:
- Use an EVM-compatible wallet like MetaMask or Trust Wallet.
- Visit the official Chimpzee website.
- Navigate to the presale widget and click on “Connect Wallet”.
- You can buy $CHMPZ using your card, ETH, or USDT.
Hot Take
With the recent rise in Dogecoin’s price and the introduction of Chimpzee as a dogecoin alternative, the crypto market is witnessing interesting developments. It’s important for crypto readers to stay updated on these trends and consider the potential impact on their investments.
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