The Dogecoin Price Rises as Unique Holding Addresses Surpass Five Million
The price of Dogecoin has increased by 3% in the last 24 hours, reaching $0.0801 as of 11:00 a.m. EST. This growth coincides with the milestone achievement of surpassing five million unique holding addresses for the meme coin.
JUST IN: Popular #memecoin $DOGE, has now surpassed 5 million unique holding addresses.
Data: @intotheblock@dogecoin #DOGE #Dogecoin
— BSCN (@BSCNews) November 28, 2023
Dogecoin Price Prediction
When analyzing the 3-hour DOGE/USD charts, you can observe that the Relative Strength Index (RSI) indicator is moving upwards, crossing above 50. This indicates an accumulation of buying pressure. The Moving Average Convergence Divergence (MACD) is also trending towards the red zone, suggesting a decrease in bearish sentiment towards Dogecoin.
The 50-period moving average is positioned above the 200-period moving average, indicating bullish dominance in the Dogecoin price. These indicators collectively suggest a bullish short-term outlook for the meme coin as it approaches the overbought region.
The Bollinger Bands show low volatility for Dogecoin as they move closer to each other. This decrease in trading activities has resulted in a 33% drop in the token’s trade volume. Meanwhile, another meme coin called MK could potentially become the next big thing as its presale gains momentum.
Dogecoin Price Prediction: Is Meme Kombat’s MK the Better Meme Coin?
Meme Kombat stands out due to its AI-powered matches featuring popular meme coin characters. With periodic releases of new seasons, this project keeps the gaming experience fresh by introducing new figures and battle types, accompanied by enticing rewards.
Renowned expert Jacob Bury predicts that Meme Kombat could experience a surge in value upon listing, possibly reaching a 10x valuation. He highlights its compelling use case, intriguing tokenomics, transparent team, and the inherent allure of meme coins. Bury has previously praised Dogecoin as the “Next Pepe coin.”
Bury’s Optimistic Endorsement
While Meme Kombat’s full potential is yet to be realized, its rapid market growth, unique use case, and strong fundamentals indicate a promising future. Bury’s research emphasizes the project’s popularity due to its transparent and secure team, setting it apart from other meme coin projects.
Meme Kombat’s presale is currently live at $0.214 per token, providing an enticing investment opportunity. As the price is expected to rise to $0.225 in less than two days, potential investors are advised to act promptly. So, while you keep an eye on the Dogecoin price, don’t forget to explore Meme Kombat.
Hot Take: Explore More about Meme Kombat and Its Presale
If you’re interested in Meme Kombat and want to learn more about its presale and staking mechanism, check out the following resources:
- Earn Passive Income With Meme Kombat’s Staking Mechanism, Which Is Live Now
- How To Buy Meme Kombat On Presale – Alessandro De Crypto Video Review
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.