The meme coin sector has climbed to a live valuation of $67.4 billion, marking a 3.17% rise in the past 24 hours. This jump comes after a major executive order signed by Donald Trump, which could allow American citizens to include cryptocurrencies and other private equity assets in their 401(k) retirement plans.
Dogecoin (DOGE) seemingly benefited the most from this surge, with its price up 12% in the past 24 hours. However, while DOGE’s rise is capturing headlines, attention is also shifting to new Doge-themed meme coins that could benefit from the ongoing bull run. One such project is Maxi Doge (MAXI), a meme coin that has raised nearly $500,000 since its presale campaign launched a few weeks ago.
In this guide, we track Dogecoin’s bullish price action and assess whether it could reach a new all-time high (ATH) of $3 by August. We also look at whether Maxi Doge, the newest meme coin on the block, could outperform the market leader in the months to come.
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DOGE Soars 30% in the Past Month, Analysts Predict a Jump to $3
With a live market cap of $33.5 billion, Dogecoin (DOGE) is the largest meme coin in the world. Since its launch in 2014, the token has delivered an incredible 256,000% return, yet its current trend suggests there could be room for further growth.
Over the past month alone, DOGE has climbed over 30%, including a 12% gain in the past 24 hours. Furthermore, the token has traded in the green 16 of the last 30 days – an impressive performance for any meme coin.
Dogecoin has proven equally successful in the long term, up a staggering 123% year-on-year. In fact, according to Coincodex on-chain data, DOGE has outperformed 82% of the top 100 cryptos by market cap in the last year, including the likes of Bitcoin and Ethereum.
Recent whale activity is boosting sentiment even further, with more than 230 million DOGE tokens accumulated in the past day. An analyst on TradingView has even spotted a long-term cup pattern forming in Dogecoin’s price chart, with $0.31 and $0.49 acting as the next resistance zones. They believe that a break above these levels could send DOGE surging to an all-time high of $3.08 per token.
At its current price of $0.223, DOGE still trades around 70% below its previous peak of $0.73, leaving room for potential upside.
However, with huge gains already achieved, some investors are shifting their attention to smaller-cap alternatives like Maxi Doge (MAXI), which could potentially offer greater returns if the meme coin rally continues.
Maxi Doge Raises $500,000 in Presale: Here’s Why Investors Love It
Maxi Doge (MAXI) is a project that focuses on pure degen trading, with its mascot being a muscular Doge that trades cryptos using 1,000x leverage and no stop-loss. Currently in its presale phase, the project managed to raise close to half a million dollars in just a couple of weeks.
However, beneath the degen trading exterior lies a project that offers interesting utility to traders. This utility comes in the form of trading competitions alongside a weekly leaderboard and rewards for top performers, as well as partner events that include futures trading platform integrations and gamified tournaments.
Apart from that, Maxi Doge offers its investors the opportunity to stake MAXI for a dynamic APY of 539%, with over 1.3 billion tokens already committed to the staking pool. This not only adds utility to the project and enhances its investor MAXI holdings in the long run, but also regulates sell pressure post-launch, ensuring a smooth leg up.
In the future, Maxi Doge also aims to establish a ‘Maxi Fund’ that will be used for liquidity provision and partnerships.
How to Join the Maxi Doge Presale
Maxi Doge has attracted significant investor interest, as evidenced by the substantial funds raised and the strong commitment to its staking pool.
Apart from retail investors, the project has caught the attention of 99bitcoins, a presale and crypto analysis YouTube channel. In their video, they state that MAXI is doing a fantastic job while going over price predictions for the project.
With many publications presenting highly optimistic outlooks for the project after the presale, the most bullish predictions center on MAXI securing listings on both decentralized and centralized exchanges post-ICO. However, even less bullish cases point MAXI towards the upside, projecting positive returns.
With Dogecoin leading the meme coin market and outperforming the crypto sector overall, many investors are inspired to look for smaller meme coins that could offer the same or higher returns. Maxi Doge, being in its early stages of development and fundraising, presents a unique opportunity for mid-term investors.
Maxi Doge is currently in its presale phase, offering investors MAXI at a price of $0.000251 per token. Interested investors can either head over to the official Maxi Doge presale website or use the Best Wallet app, available on both iOS and Android devices.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
