Can Dogecoin Price Kill a Zero as it Climbs 6% to $0.088 as Meme Coins Gain Traction

Dogecoin price continues to outperform its peers as it moves closer to erasing a void. In just 14 days at the time of writing, DOGE has gained 22.2% in value to $0.088. The biggest meme coin will likely close the week above $0.1 as the bulls eye returns to $0.1586.

Meme coins have generally gained traction since the new year, with their total market capitalization rising to $19 billion. Dogecoin has the largest share of the market share of meme coin at $11.8 billion. Shiba Inu, which is up 15.4% in 24 hours, is the second largest dog-themed token with a market cap of $7.1 billion.

Other best-performing mime coins include Doglon Mars, up 15.7% in seven days, FLOKI, up 27%, Kishu Inu, up 28.2%, Shiba Predator, up 20%, and Hoge Finance, up 31% over the same period.

It is worth mentioning BONK which, despite being a new token, has amassed a huge following for being the first Solana blockchain meme coin. Needless to say, Tamadoge (TAMA) is up 6.6% in one week and is trading at $0.0143. TAMA has the potential to become the largest meme coin in the market supported by multiple use cases as a play-to-earn and metaverse token.

Is Dogecoin Price The Meme Coin To Watch This Week?

Reinforced by the 200-day Exponential Moving Average (EMA) (in purple), the OG meme coin, DOGE is sitting on top of a strong support at $0.0847. Slightly below this level, there is a confluence support formed by the 100-day EMA (in blue) and the 50-day EMA (in red) at $0.0806.

The immediate drop in Dogecoin price is also home to a significant declining trend line. All these support areas emphasize the undeniable ability of DOGE to continue with the uptrend and eat another zero for gains above $0.1.

Adds credibility to the bullish outlook for the Moving Average Convergence Divergence (MACD) indicator buy dogecoin, Note the crossing of the MACD (line in blue) above the signal line (in red). The momentum indicator has also crossed the mean line which indicates the presence of bullish momentum in the market.

The Money Flow Index (MFI), a momentum indicator, shows that buyers have the upper hand. This index measures the flow of money into and out of a ‘security’ over a specified period of time. It is similar to the popular Relative Index (RSI) but relies on volume whereas RSI only considers price.

Dogecoin Price On The Verge Of A Massive 178% Drop

The same daily time frame chart reveals a symmetrical triangle pattern formation that is likely to open the door for a massive 178% breakout to $0.2414. However, buyers must break through the resistance on the falling trend line to give life to this expected move. Symmetrical triangles have no bullish or bearish bias, but are validated by a breakout above or below.

Tamadoge (Tama): meme coin for long term growth

Dogecoin and the Shiba Inu have been battling for a long time when it comes to utility. However, the team behind Tamadoge saw that big right from the start. TAMA’s use cases cut across Tamaverse – a play-to-earn platform that enables players to earn crypto-based rewards.

TAMA is the main currency for purchasing Tamadoge pets, which are virtual dog-like avatars, each with their own unique characteristics, strengths, weaknesses, and are molded as NFTs through smart contract technology.

Tamadoge pets can participate in contests and tournaments where successful ones are rewarded with TAMA tokens. Additionally, the Tamadoge whitepaper plans to unveil an augmented reality Tamadoge app in 2023, which maintains player-to-environment dynamics similar to current web-based protocols.

The team is also creating a sort of arcade game where players can engage in various Tamadoge activities and receive tangible rewards. Based on the latest communication from the team, the beta version of the arcade game is open to the public.

So far, the beta testing has recorded a total of over 3,000 plays and counting. In addition, users can shop and purchase gift cards across global brands within the Tamadoge ecosystem, a Metaverse and P2E platform.

Investors Can Join TamadogArmy best cryptocurrency to buy To take advantage of another possible meteorite rally in 2023. Remember, Tamadoge quickly raised $19 million in its pre-sale within eight weeks and saw a 2,000% increase in value after listing on the OKX exchange – this crypto asset comes highly recommended best emerging crypto For long term investment.

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