- Dogecoin overtakes Cardano to develop into the eighth largest crypto.
- Dogecoin’s surge is fueled by social media buzz & market surge.
- Bitbot, a new telegram bot challenge, raises $1,378,018 in its seventh stage of the continuing token presale.
In a dynamic flip of occasions, Dogecoin (DOGE) has surged forward, overtaking Cardano (ADA) to develop into the eighth largest cryptocurrency by market capitalization.
This comes amidst intensifying competition within the cryptocurrency market, fueled by the emergence of progressive tasks such as Bitbot, a new Telegram bot token.
Dogecoin worth up 100% in a month
Over the previous month, Dogecoin’s price has seen outstanding worth actions, experiencing a big surge of over 100.83%.
Latest market dynamics recommend that this rise could also be attributed to the excitement created by social media influencers.
In keeping with knowledge from crypto analysts, Dogecoin’s worth surge is intently correlated with elevated social media exercise.
The uptick within the variety of interactions on numerous social media platforms has propelled the value of DOGE upwards.
Nevertheless, regardless of this obvious correlation, technical evaluation of Dogecoin’s worth actions paint a extra cautious image.
Bitbot: the new Telegram bot token
Amidst the flurry of exercise within the cryptocurrency market, Bitbot has emerged as a notable participant, providing customers a novel buying and selling expertise immediately throughout the Telegram platform.
Bitbot is a non-custodial Telegram buying and selling bot that goals to stage the monetary enjoying discipline by offering customers with institutional-grade instruments in a safe and user-friendly bundle. It permits customers to commerce immediately from Telegram whereas sustaining full management of their belongings.
Bitbot provides a variety of options designed to reinforce the buying and selling expertise, together with automated sniping, restrict orders, copy buying and selling, and yield optimization. These instruments are accessible to all customers, no matter their buying and selling expertise, making superior buying and selling capabilities accessible to a wider viewers.
Ongoing Bitbot presale
At the moment, Bitbot is within the midst of the presale section of its native token ($BITBOT), providing traders the chance to take part in its early levels of growth.
At the current presale stage, the presale worth of Bitbot tokens (BITBOT) is about at $0.0134 per token.
Nevertheless, with every stage of the presale, the value is about to extend, with the following stage worth anticipated to be $0.0141 per token.
The presale has already raised a big quantity, signalling traders’ curiosity within the challenge’s potential.
Is it good to put money into Dogecoin or Bitbot now?
As traders weigh their choices within the cryptocurrency market, the choice to put money into Dogecoin or Bitbot hinges on numerous elements.
Whereas Dogecoin’s latest worth actions have been spectacular, technical indicators recommend warning, indicating a possible reversal in worth path.
The Aroon indicator for Dogecoin signifies that the upward pattern could also be weakening, doubtlessly signalling a reversal in worth path.
Moreover, the Chaikin Cash Movement (CMF) indicator has returned a unfavorable worth, suggesting an outflow of liquidity and elevated promoting strain.
The Shifting Common Convergence Divergence (MACD) indicator additional confirms a downward pattern, with the MACD line crossing beneath the sign line on March 15.
These technical indicators collectively point out weak point and a short-term downward pattern available in the market, regardless of the latest surge in Dogecoin’s worth.
However, Bitbot provides a novel strategy to cryptocurrency buying and selling, with its distinctive options and progressive platform garnering consideration from traders.
Nevertheless, in the end, the choice to put money into Dogecoin or Bitbot depends upon particular person threat tolerance, funding objectives, and market evaluation.
With each choices presenting alternatives and dangers, traders ought to conduct thorough analysis and search skilled recommendation the place mandatory earlier than making funding choices, seeing that crypto investments come with market volatility dangers.