Whales Buy in Masses for Explosion

Disclaimer: This article is a press release and Newsbit is not responsible for the content, accuracy or completeness of the information provided. This article does not constitute financial advice. Investing in cryptocurrencies or pre-sales involves significant risks, including the risk of losing your entire investment. Always do your own research before making any investment decisions.

After initially experiencing a big drop, Doge bounced off a support line and subsequently rose 15%! While the Dogecoin price was at $0.219 a week ago, the coin is now trading between $0.25 and $0.26. This increase coincides with the purchase of more than 30 million Dogecoins by large whales! This amounts to a total of more than $7,500,000 invested in the coin.

What makes this rise in Dogecoin so interesting?

Not only did the increase coincide with the purchase of 30 million Dogecoins, this purchase also coincided with notable shifts at major crypto exchanges. More than $25 million in Dogecoin has been withdrawn from these exchanges in the past week, most likely to store them safely in another place for a longer period of time.

This may seem innocent, but this movement of the coins to so-called “cold storages” actually sends a signal that major investors have confidence in the coin’s prospects. In this case, not only in the short term, but also in the long term because investors want to secure them for a longer period.

What next for Dogecoin?

Currently, the coin is trading below the 0.618 Fibonacci level, which equates to a price of $0.2626. This point, the 0.618 Fibonacci level, is also seen by many analysts as the threshold from which the currency will experience a greater rise.

Even though the Fibonacci level potentially indicates a lot of potential for Dogecoin, there are also negatives within the Dogecoin news. For example, the resistance zone for Dogecoin is currently between $0.26 and $0.28, which combined with the 50 weekly average, makes for a difficult boundary for Doge to break through.

Suppose Dogecoin were to have multiple daily, or weekly closings above $0.275, then that could technically pave the way for a further rise towards $0.30. Should this point be reached, the most logical next target zone would be between $0.32 and $0.34.

Currently, the negative point around the price is that the next resistance zone is still between 0.24 and 0.25. At this point, Doge has broken through before, after which it has subsequently tested as a bottom again. If the price drops below 0.24 again, the picture could become very weakened in the short term. This could lead to a drop in the price to the 0.20 zone.

The overall meme coin momentum

Not only are we seeing Dogecoin starting to develop quite a bit, more meme coins seem to be developing a ‘bullish’ pattern at the moment. Examples of this include Shiba Inu and Pepe, both of which are also currently showing signs of rising momentum. This rising momentum, combined with improved sentiment towards meme coins, could quickly pave the way to a bullish period for meme coins.

That is not only good news for these well-known coins, but also for some newcomers to the market. Below you will find some projects that meme coin traders have already flocked to. Because these projects have yet to be launched, this can happen during the current positive market conditions. This means that the projects can immediately experience significant increases upon their first launch on exchanges.

Maxi Doge – Is this the next famous Doge meme

There are already quite a few Doge meme coins on the market, with Dogecoin being the absolute leader, of course. Once again, some new Doge-related tokens are ready, such as the new Maxi Doge. This meme coin brings the Doge meme in a pumped-up version, looking for gains of 1000x.

The token is currently offered in a presale, where traders can get in at an affordable rate before the coin becomes available on central and decentralized exchanges. Currently, $2.8 million has already been raised in that presale. The presale is divided into phases, and with each phase the price of the token is further increased. That price currently stands at $0.000261.

You can secure the tokens in a staking pool immediately after your purchase. From that moment on, you will earn extra $MAXI tokens, which you can trade as soon as the token becomes available on exchanges.

Now to the Maxi Doge presale

Wall Street Pepe – Solana expansion event proves a success

In addition to the many Doge memes, the market is also flooded with different variants of Pepe coin. Wall Street Pepe has been active for some time and has developed a community of meme coin enthusiasts who would like to jointly compete against the big investors on Wall Street.

The community does this by constantly sharing the best trading tips with each other. This way, the entire $WEPE army remains one step ahead of the rest of the market. The associated meme coin was already launched on the Ethereum blockchain in 2024, but is taking a big step this year by expanding to the fast and popular Solana chain.

The token is now available to purchase via the Solana blockchain on the project’s website. There is an expansion event there that is already a great success. With the expansion to Solana, Wall Street Pepe officially becomes a multichain meme coin and there is a lot of enthusiasm for this.

On the website you can buy $WEPE on Solana for a price of $0.001. Any token sold in this event will disappear from the supply on the Ethereum side. This will cause the price of $WEPE (ETH) to rise, until eventually the prices of both coins are the same.

Buy $WEPE now on the Solana blockchain

Snorter Bot – Indispensable sniper bot for meme coin traders

Snorter Bot is a new meme crypto trading bot on the Solana blockchain that helps traders snipe meme coins on this chain. By using the sniping bot you can seize market opportunities even faster and you no longer need other tools.

The bot is launched with its own token, which you need to use Snorter. This $SNORT token is now available via the project’s website, where you can easily exchange other cryptocurrency for the token. It is also possible to immediately complete a purchase with your credit card.

Snorter Bot offers users automated snipes, secure swaps, honey pot detection and even copy trading functions so that you don’t have to research all the meme coins yourself, but can adopt the strategy of other traders.

Invest directly in $SNORT

Disclaimer: This article is a press release and Newsbit is not responsible for the content, accuracy or completeness of the information provided. This article does not constitute financial advice. Investing in cryptocurrencies or pre-sales involves significant risks, including the risk of losing your entire investment. Always do your own research before making any investment decisions.