DOGE Price Is Up 7%, Holders Venture Into New Dog-Themed ICO, Looking For 1,121% returns

Last update:

May 2, 2024 12:02 EDT
| 2 minute read

Source: Midjourney

Original meme coin Dogecoin ($DOGE) has risen 7% in the past 24 hours, making it one of the fastest-recovering cryptocurrencies after a brief market crash this week.

DOGE is currently trading as follows: $0.1317. That’s down about 12% since this time last week, making the cryptocurrency inspired by the world’s first Shiba Inu meme one of its biggest losses over the past seven days.

Bitcoin ($BTC) has done a little better this week.The value of the original cryptocurrency fell by only 7% and is now $59,044. However, it has fallen sharply from Tuesday’s highs. From $64,515 to Wednesday’s bottom at $56,804, the intraday decline was about 12%.

Ethereum held its value better than Bitcoin and Dogecoin this week.The ETH token, which underpins the most commercially important blockchain, has fallen just 4.4% in a week and is now $2,992. Bitcoin and Ethereum have both risen more than 3% in the past 24 hours.

The only meme coin that matched Dogecoin’s losses this week was Floki ($FLOKI). Floki is a meme coin inspired by Dogecoin fan and Tesla CEO Elon Musk’s pet Shiba Inu, Floki. Similar to DOGE, FLOKI also fell by 12% and is now $0.0001645.

Dogecoin trading charts show that the cryptocurrency sometimes trades against the broader market. While most projects peaked in early to mid-March along with Bitcoin, Dogecoin holders recorded more muted gains until Bitcoin peaked on March 14th.

Source: TradingView

In late March, DOGE rose above 22 cents twice. There seems to be some buying momentum at the moment. Dogecoin’s Relative Strength Index (RSI) is at 61 and trending upward, but this short-term rally is likely to lose momentum soon as it has almost reached the overbought threshold.

Dogecoin Rally and WienerAI Presale: Is it Doge Meme Season?

Dogecoin’s rise coincided with the launch of another dog-themed meme coin. However, this one has a much more appealing premise.

WienerAI ($WAI) is a brand new meme token. AI companion with degenstacking for spectacular rallies.

Touted as a “revolutionary AI trading partner,” WienerAI is a digital companion that provides owners with user-friendly AI-enhanced trading advice, seamless swap functionality, and zero commissions. With unparalleled features, his WienerAI is the ultimate asset for any crypto trader.

His white paper includes a familiar term for the “sausage army” of the legion of followers Wiener hopes to attract, hinting at a strong social element in the future. ing.

Dogecoin ($DOGE) also has an army called the “Doge Army”, but the Wiener Army is more environmentally friendly. This is because WienerAI utilizes his Proof-of-Stake (PoS) consensus mechanism, where miners who stake the most of his ETH can earn the most rewards.

This is significantly more than 99% energy efficient than Bitcoin and Dogecoin’s Proof-of-Work consensus mechanisms, which require massive computing and energy resources to mine cryptocurrencies.

WienerAI smart contract is Audited by Coinsulta blockchain security platform that performs security checks on various cryptocurrencies and blockchain platforms.

Approximately 20% of $WAI’s supply is for staking. The purchaser is Recommended Stake during the pre-sale to take advantage of the favorable 1121% APY currently on offer.

He may be mysterious, but it’s no wonder why investors shelled out more than $800,000 for WienerAI. new pre-sale. Everyone wants to get their hands on a tokenized part of a cryptocurrency, the most advanced entry-level AI trading companion ever.

Stay up to date with the latest developments X/Twitter and telegram.

Join the presale now website

Disclaimer: Cryptocurrency is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You could lose all your capital.

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