Dogecoin price soars and approaches a 'divine candle'
Dogecoin has started to see its price rise after a rally last week. Memecoin is expected to show an increase in the coming days. To follow DOGE's upward trajectory, it is important that traders can understand the charts before investing.
The recent increase in DOGE was around 10%. But Dogecoin wasn't the only memecoin to recover. The market as a whole is showing signs of recovery, with more rises in the sector.
A memecoin that has been successful is the creator of the newest crypto casino. Memebet Token is still in the pre-sale phase, but it is already gaining several supporters.
Dogecoin approaches a 'divine candle'
Dogecoin's market capitalization has again reached $18 billion in recent days. Spot trading volumes also increased. A total of about 165% in the last week.
Analysts with a more conservative estimate suggest the possibility of an increase to US$0.118. This could occur if market sentiment remains bullish.
As the year ends, Dogecoin may see varying investor sentiment. DOGE could position itself between a price floor of $0.0997. The maximum price could be $0.106 in November.
In the last month of the year, Dogecoin's performance could be fundamental for the future of memecoin. The most cautious forecast a price of US$0.102. The most optimistic believe that the value of US$0.113 is possible.
Mikybull Cryptoa famous cryptocurrency analyst, believes that Dogecoin's 'divine candle' is coming. He said this after analyzing a chart in which DOGE price was breaking a 180-day descending trend line.
Furthermore, another important factor is that the rise in DOGE price occurred after a sharp increase in its open interest (OI), an important metric.
Traders use the OI metric to assess market sentiment and anticipate future cryptocurrency price movements. DOGE's OI rose by around 27.3%.
But it's not just Dogecoin that's growing. The memecoin and gaming token scene has been growing a lot lately. The online sports betting market is also going through a period of transformation.
There is greater interest on the part of sports bettors, with sports becoming more and more attractive. Therefore, a new crypto casino has caught the attention of investors and can offer exponential profits.
Memebet Token pre-sale reinforces growing interest in crypto casinos
Projects focused on gaming are gaining more prominence, especially platforms that explore online casino gaming activities. The Memebet Token is in pre-sale right now.
The developers have already raised more than US$474,000, but the token is expected to gain even more popularity in the long term. This is because the project has been driven by the growth of interest in crypto casinos.
The aim of Memebet Token is to offer investors the possibility to explore the best casino games and obtain exclusive advantages. Memebet Token is being touted as one of the best cryptocurrencies pre-sale to buy now.
Memebet Token's tokenomics are designed for the long-term growth of the project. Therefore, 70% of the tokens minted on the blockchain will be allocated for pre-sale, 10% of the tokens for liquidity and 20% for casino rewards.
Investors will also be able to participate in exclusive airdrops. Memebet Casino Lootboxes have not yet launched, but will soon grant holders access to real-world prizes. The project also promises to offer a series of freebies and casino bonuses.
Memebet Token has reserved 400 million tokens for bonus airdrops for holders who use $MEMEBET to wager at Memebet Casino. Bets can be placed both on the web and on Telegram.
How to buy $MEMEBET in pre-sale
Given the growing interest in the project, Memebet Token should make a pre-sale quite quickly. Therefore, interested investors need to hurry if they want to secure $MEMEBET tokens at the lowest prices.
Memebet Token presale accepts payments in ETH, USDT or bank card. When opting for a card, investors must also consider paying the associated fees.
In short, enjoy the chance to explore many casino games and still earn passive income. Stay tuned to Memebet Token's communication channels to find out more about the launch of airdrops.
Disclaimer: This article is for informational purposes only, it does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.