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Compared to other coins such as Bitcoin, DOGE’s use has been limited to transactions and purchases. However, it’s still worth paying attention to because the cryptocurrency is gaining attraction. Dogecoin is a cryptocurrency that could be a good investment for people who want to make some money. It’s highly speculative, but it could potentially provide you with great returns.
In the past seven days, we can see a significant decrease in the DOGE transactions volume. It has reached a high of 16.56b DOGE and a low of 4.54b DOGE over the last seven days.
DOGE currently trades at $0.1359 and has a market cap of 18 billion dollars with infinite coins in supply. It ranks #11 on CoinMarketCap.
On the 4H timeframe, $DOGE/USDT has formed a head and shoulder and was unable to break in the first attempt but later on broke it towards a bearish move and is now retesting the resistance.
SafeMoon Inu (SMI)
Memes are a topic that is always popular, and people are always looking for new content related to them. There are many meme tokens that you can use to create your memes, but there are also some that you should keep an eye on this week.
SafeMoon Inu tokens are a community-driven cryptocurrency that uses an anti-paper hand system. A payment of 2% is distributed to holders, which keeps people on the platform and rewards them for holding the token. SafeMoon Inu is a safe, secure, and trusted ERC20-based token. SafeMoon Inu is a community-driven, Ethereum-powered cryptocurrency designed for decentralized, peer-to-peer financial transactions over the blockchain.
SMI currently trades at $0.000007537 and has a market cap of 7 million dollars with 1,000,000,000,000 coins in supply. It ranks #1049 on CoinMarketCap.
Moreover, the SMI market strongly co-relates with the bitcoin’s price movements. Therefore, with the most probable upcoming price rally, we can also see a move upwards.
Floki Inu (FLOKI)
Floki Inu is a project that is based on the Ethereum blockchain. It’s named after Elon Musk’s dog, a type of Shiba Inu. However, the whitepaper says it’s not just a joke but a movement. Floki Inu is developing a crypto commerce hub that will allow users to trade items and NFT with FLOKI as the main currency.
FLOKI currently trades at $0.00003017 and has a fully diluted market cap of 301 million dollars with 10,000,000,000,000 coins in supply. It ranks #2862 on CoinMarketCap.
In the 4H timeframe, $FLOKI/USDT has formed a massive cup and handle for a long time. Therefore, the breakout will be massive, as consolidation has been long.
MONA is a digital currency used predominantly in Japan and uses blockchain code. MONA is a digital currency used predominantly in Japan and uses blockchain code. The cryptocurrency coin was created from Litecoin, another popular cryptocurrency, but it does not use the Scrypt algorithm.
MONA currently trades at $0.9011 and has a market cap of 59 million dollars with 105,120,000 coins in supply. It ranks #503 on CoinMarketCap.
On the 1D timeframe, $MONA/USDT has made a falling wedge and breakout but later got rejected from the resistance. It is now on support showing signs of pumping back as it’s a strong liquidity support zone.
Hoge Finance (HOGE)
HOGE describes itself as a communal DeFi auto-staking ERC20 token where the supply is capped and deflationary. HOGE is a relatively new type of cryptocurrency and is riskier to invest than the larger meme coins.
HOGE currently trades at $0.0000558 and has a market cap of 22 million dollars with 1,000,000,000,000 coins in supply. It ranks #743 on CoinMarketCap.
In the 4H timeframe, $HOGE/USDT is consolidating in a descending triangle, and a breakdown is expected, but we will wait for more price action for things to be precise.
The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be using, so Do Your Own Research before investing.