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Is Dogecoin the Best Crypto to Buy Now After Elon Musk's Moon Mission Approval Boosts DOGE Price?

Is Dogecoin the Best Crypto to Buy Now After Elon Musk’s Moon Mission Approval Boosts DOGE Price?

Dogecoin Price Rises as SpaceX Lunar Mission Gets License

The price of Dogecoin has increased by 3% in the past 24 hours, reaching $0.0838. This rise in price comes after Geometric Energy Corporation announced that the Doge-1 lunar mission, carried out by SpaceX, has received a license from the U.S. Federal Communications Commission (FCC). The mission, funded entirely with DOGE tokens, will see a Dogecoin token being sent to the moon aboard a SpaceX Falcon 9 rocket.

Dogecoin Bulls Push Price Close to November 16 High

The Dogecoin price is currently showing bullish momentum and is approaching the levels last seen on November 16, at $0.0878. The market has displayed resilience with strong support at $0.0582, serving as a solid foundation for bullish activity. This strength has led to a breakout from the descending wedge pattern and a successful retest of the 200-day simple moving average (SMA). The price has also crossed above the $0.075 resistance level, confirming the bullish sentiment.

Bullish Momentum Sets Dogecoin Price Target at $0.15 in 2023

The Dogecoin price has been climbing towards $0.11 in the fourth quarter of 2023, supported by positive indicators from the relative strength index (RSI) and key SMAs. If the bullish momentum continues, the price has the potential to surpass the $0.15 threshold. However, the $0.088 resistance level poses a significant obstacle and may lead to a corrective phase, targeting the $0.077 support zone. Investors can diversify their holdings in the meme coin space by exploring Meme Kombat and participating in battles using well-known meme characters.

Meme Kombat Raises Over $2.3 Million in Presale

Meme Kombat, a new player in the play-to-earn (P2E) space, has successfully raised over $2.3 million in its presale. The platform integrates memes into a competitive gaming framework, allowing players to battle with memes and place bets on professional players. The presale price of Meme Kombat tokens (MK) is currently $0.225 per token, but it will soon increase to $0.235 in the next six days. Staking MK tokens offers a high APY of 380% and allows investors to earn passive income before the platform’s official launch.

Final Thoughts: Meme Kombat Offers Potential for 10X Growth

Meme Kombat has caught the attention of prominent figures in the industry, including crypto influencer Jacob Bury, who believes the project has the potential to yield 10X returns. Investors can purchase MK tokens on the Meme Kombat platform by connecting their digital wallets and using ETH, USDT, or BNB to exchange for MK tokens. With the presale nearing its goal, now is the time for interested buyers to act swiftly and take advantage of the discounted price before it rises.

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Is Dogecoin the Best Crypto to Buy Now After Elon Musk's Moon Mission Approval Boosts DOGE Price?