Dogecoin (DOGE), the cryptocurrency that powers the decentralized dog meme inspired payments blockchain protocol Dogecoin, has fallen by a little over 3.5% this Monday in tandem with a broader pullback in cryptocurrency markets and traditional risk assets like stocks. DOGE/USD last trading in the mid-$0.08s per token.
That means the world’s most popular meme coin is now down about 8% from the six-week highs it posted above $0.09 this weekend. But the DOGE bulls remain confident. The cryptocurrency is still trading higher by about 23% this month and short-term technicals (a rising wedge pattern) point to the likelihood of a continued crawl higher in the coming sessions.
That’s assuming that this week’s barrage of macro risk events, which include highly important Fed, ECB and BoE meetings plus US jobs and ISM survey data, don’t trigger any bearish ructions.
If Dogecoin was able to push to the north of its recent highs around $0.09, this would open up the door to a retest of the $0.10 level and a possible run towards early December highs to the north of $0.11.
Three New Altcoins to Watch as Dogecoin Rallies
The rally in Dogecoin is symptomatic of a return in broader cryptocurrency market risk appetite – given Dogecoin was created as a joke, it is seen as a highly speculative investment.
If Dogecoin is rallying, that’s usually because investors are piling back into speculative crypto investments. That is certainly the case when you look at the price of some other altcoins, like Solana (up 140% in the last 30 days) and Aptos (up 410% over the same time period).
But investors looking to benefit from a resurgence in cryptocurrency risk appetite shouldn’t only consider tokens that are already trading on exchanges. They should also look at presale tokens – presale investors of successful projects have historically been those who make the best returns.
Analysts at Cryptonews.com have compiled a list of three of the top pre-sale tokens to consider investing in, as they have the potential for big gains when the tokens list in the coming months, assuming Dogecoin’s surge continues.
Meta Masters Guild (MEMAG) – Stage 4 Nearly Complete
Meta Masters Guild is an up-and-coming mobile-based web3 gaming ecosystem that is developing a host of fun and addictive games. The games will utilize non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and trade.
The platform hopes to in the future host dozens of viral games. Its first game, Meta Karts Racers will be released later this year.
Meta Masters Guild is currently in the fourth stage of its presale of MEMAG tokens, with the presale already one of the hottest of 2023.
In just a few weeks, the crypto start-up has already managed to raise a whopping $2.1 million via MEMAG sales. Investors should move quickly to secure their tokens before prices rise again in four days.
