The post Meme Coin Mania Shifts – Dogecoin Holders Are Now Betting on DuragDoge appeared first on Coinpedia Fintech News
While Bitcoin (BTC) is trading just below $90k, the meme coin frenzy has subsided, with the Dogecoin (DOGE) price showing more decline. Dogecoin has entered a major order block level, which has always acted as the buying range due to the presence of many limited orders. Despite this approach hinting at a bullish trend, DOGE investors have shifted to a new meme coin with long-term potential growth—DuragDoge ($DURAG).
These holders heavily invest in DuragDoge due to its staking program that promises traders massive returns. DuragDoge intends to use meme coins to create new cultural icons that bring people together through shared energy, ambition, and joy. This new crypto project is creating a community of people who are brave and innovative and who always portray the spirit of hard work with $DURAG as their badge of honor.
Read on to know why DuragDoge is grabbing the attention of Dogecoin holders.
Dogecoin (DOGE): Whales Accumulation Signal Buying
Currently, Dogecoin touched an important level, which is a common zone for buying since there are many limit orders placed there. In particular, the zone at about $0.20$–$0.23 was traditionally used for placing large buy orders to expect a rebound further up. Therefore, if the price of Dogecoin is to hold above this level and also absorb the selling pressure, it will be a sign that a bullish reversal is forthcoming.
Potential targets could be at $0.30 based on recent sentiments and could go up to the previous high of $0.50. Altogether, the whales’ accumulation trend has been rising in the recent period in the ladder. Over the last three days, whales have been actively accumulating around 530 million DOGE, and such a trend points toward a buy signal.
DuragDoge ($DURAG): Experiencing Massive Interest in its Presale.
DuragDoge has been gaining attention because of its ambitious goal of moving away from just residing in the block and becoming a token that is much more than just the monetary value it holds. The presale has attracted many Dogecoin investors who are in the process of seeking a new crypto ICO. As of now, the token costs $0.0009, and at the time of its listing on the major exchange platforms, the token will be $0.01.
One of the reasons why investors in Dogecoin are investing in this new crypto project is the staking mechanism. Once staking is initiated, the $DURAG token holders will be able to lock their tokens for a specified duration to increase the amount of tokens in return. Staking also attracts high rewards of up to 20% Annual Percentage Yield APY, making it the best crypto coin to buy.
Another factor that drives the adoption of DuragDoge is that the platform does not have its own token for team members. This means that this project guarantees the right utter distribution of the token as well as ensuring that all the participating individuals stand on the same level, and that is why it is the best crypto coin to buy. Also, since it has a deflationary model applied to the tokens, this automatically implies that the number of tokens out in the market will keep on reducing and hence, the token becomes more scarce.
Conclusion
With Dogecoin holders betting big on DuragDoge, the cryptocurrency is set to see explosive gain this year. The presale of this new crypto ICO presents an opportunity for investors to join early and reap significant returns before and after the launch. So, to have a stake in this project, just visit the website and purchase the number of tokens you want.
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