- Dogecoin overtakes Cardano to grow to be the eighth largest crypto.
- Dogecoin’s surge is fueled by social media buzz & market surge.
- Bitbot, a brand new telegram bot undertaking, raises $1,378,018 in its seventh stage of the continued token presale.
In a dynamic flip of occasions, Dogecoin (DOGE) has surged forward, overtaking Cardano (ADA) to grow to be the eighth largest cryptocurrency by market capitalization.
This comes amidst intensifying competitors within the cryptocurrency market, fueled by the emergence of progressive tasks similar to Bitbot, a brand new Telegram bot token.
Dogecoin worth up 100% in a month
Over the previous month, Dogecoin’s worth has seen outstanding worth actions, experiencing a big surge of over 100.83%.
Current market dynamics counsel that this rise could also be attributed to the thrill created by social media influencers.
In keeping with information from crypto analysts, Dogecoin’s worth surge is intently correlated with elevated social media exercise.
The uptick within the variety of interactions on numerous social media platforms has propelled the value of DOGE upwards.
Nevertheless, regardless of this obvious correlation, technical evaluation of Dogecoin’s worth actions paint a extra cautious image.
Bitbot: the brand new Telegram bot token
Amidst the flurry of exercise within the cryptocurrency market, Bitbot has emerged as a notable participant, providing customers a novel buying and selling expertise straight inside the Telegram platform.
Bitbot is a non-custodial Telegram buying and selling bot that goals to degree the monetary taking part in discipline by offering customers with institutional-grade instruments in a safe and user-friendly package deal. It permits customers to commerce straight from Telegram whereas sustaining full management of their belongings.
Bitbot presents a variety of options designed to boost the buying and selling expertise, together with automated sniping, restrict orders, copy buying and selling, and yield optimization. These instruments are accessible to all customers, no matter their buying and selling expertise, making superior buying and selling capabilities accessible to a wider viewers.
Ongoing Bitbot presale
Presently, Bitbot is within the midst of the presale part of its native token ($BITBOT), providing buyers the chance to take part in its early phases of growth.
On the present presale stage, the presale worth of Bitbot tokens (BITBOT) is about at $0.0134 per token.
Nevertheless, with every stage of the presale, the value is about to extend, with the following stage worth anticipated to be $0.0141 per token.
The presale has already raised a big quantity, signalling buyers’ curiosity within the undertaking’s potential.
Is it good to put money into Dogecoin or Bitbot now?
As buyers weigh their choices within the cryptocurrency market, the choice to put money into Dogecoin or Bitbot hinges on numerous components.
Whereas Dogecoin’s current worth actions have been spectacular, technical indicators counsel warning, indicating a possible reversal in worth path.
The Aroon indicator for Dogecoin signifies that the upward pattern could also be weakening, probably signalling a reversal in worth path.
Moreover, the Chaikin Cash Stream (CMF) indicator has returned a unfavourable worth, suggesting an outflow of liquidity and elevated promoting stress.
The Shifting Common Convergence Divergence (MACD) indicator additional confirms a downward pattern, with the MACD line crossing under the sign line on March 15.
These technical indicators collectively point out weak spot and a short-term downward pattern out there, regardless of the current surge in Dogecoin’s worth.
Then again, Bitbot presents a novel strategy to cryptocurrency buying and selling, with its distinctive options and progressive platform garnering consideration from buyers.
Nevertheless, finally, the choice to put money into Dogecoin or Bitbot relies on particular person danger tolerance, funding targets, and market evaluation.
With each choices presenting alternatives and dangers, buyers ought to conduct thorough analysis and search skilled recommendation the place mandatory earlier than making funding choices, seeing that crypto investments include market volatility dangers.
