Dogecoin Soars 9% as Crypto Market Rebounds: Is Maxi Doge the Next 100x Meme Coin?

Something switched in the crypto market toward the end of this week. After investors played it safe in October and early November, they’ve started to reenter with haste, and prices are showing serious bullish momentum.

Bitcoin is up 1.9% today, but that looks modest compared to many altcoins. Ethereum is up over double that at 4.5% ROI on the day, and yet even that has been massively outperformed by Dogecoin, which is up 9.3%.

Dogecoin’s move could be pivotal. It reflects that investor confidence in meme coins is resurging, potentially laying the way for a broader bull trend across the joke token market in the weeks ahead.

Generally, as Dogecoin rallies, liquidity trickles down into smaller plays as investors seek to maximize returns. And right now, all eyes are on Maxi Doge. It’s a Dogecoin-themed meme coin with community rewards and real utility, and it’s currently available to buy via a presale.

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Why Is Dogecoin Pumping?

The total cryptocurrency market cap gained 2.6% in the past 24 hours. Dogecoin’s 9.3% gain represents a clear outperformance – so what’s it all about?

There are two reasons: the first is that Bitwise just amended its spot Dogecoin ETF application, sparking speculation from ETF expert Eric Balchunas that it might launch within 20 days.

The second reason will sound familiar to anyone who was around in 2021: Elon Musk tweeted about sending a real Dogecoin to the moon. A Dogecoin community member tweeted a screenshot of Musk’s original post earlier this week, and then Musk responded, saying, “It’s time.”

While unlikely to trigger real-world action, Musk’s return to the “Dogecoin to the moon” meme reignited community excitement, and it does make you wonder “what if.” Because if there’s any individual who has the resources (and desire) to actually send a Dogecoin to the moon, it’s Elon.

No doubt, this combination of new institutional interest and the resurfacing Musk-Dogecoin narrative is a perfect launchpad for the gains we’ve seen today, and it could also pave the way for an extended rally in the weeks ahead.

What Could This Mean For Dogecoin Alternatives Like Maxi Doge?

Historically speaking, if Dogecoin pumps – especially for more than a few days – then prices of Dogecoin-themed meme coins also soar, often with even more upside. Shiba Inu, for example, rallied 43,800,000% in 2021.

But this year, Maxi Doge is doing an excellent job at capturing attention, with its ongoing token presale approaching the $4 million raised milestone. The reason is simple: they’re blending Dogecoin appeal with real utility and community rewards.

They plan to integrate MAXI into perpetual DEXs, enabling leverage trading and sophisticated strategies like hedging and scalping. Furthermore, they’ll run weekly trading competitions and community activation events, enabling users to earn rewards for participating in the ecosystem.

There’s also a staking mechanism live in the presale that currently offers a 78% APY, but this will decrease as the staking pool grows.

With Dogecoin’s momentum heating up, and Maxi Doge introducing fresh Dogecoin-themed utilities, there’s clearly alot of potential for gains. As to how far it could go, Alessandro de Crypto recently predicted that MAXI could rally up to 100x if it continues to gain traction and successfully launches its utilities.

Final Thoughts: Why MAXI Could be the Best Dogecoin Beta

With Musk showing interest in Dogecoin again, and Bitwise’s ETF expected to launch soon, the near-term prospects for Dogecoin might be the strongest they’ve been all year. And if we look back at Shiba Inu’s returns in 2021, it’s clear that Dogecoin’s current outlook is good news for the broader meme coin market.

Right now, Maxi Doge is one of the hottest emerging Dogecoin alternatives, with its focus on rewards and utility grabbing investor attention and drawing highly bullish price predictions. It’s still early days for the project, but its promising use case and the favorable market conditions certainly create an exciting outlook.

Nikolay is a cryptocurrency analyst and market writer with years of experience tracking digital asset trends and emerging blockchain technologies. A long-time crypto enthusiast, he actively trades across major exchanges and specializes in identifying early-stage projects and meme tokens. His analysis combines technical insight with a strategic, long-term investment perspective.