1 month ago
10
The post Will Dogecoin (DOGE) Lose Throne of Best Meme? Analysts Call Floki the Challenger to Throne appeared first on Coinpedia Fintech News
The meme coins are usually seen in a tug of war to attain the top spot. Dogecoin (DOGE) and FLOKI emerged as the top players in August. Both the meme coins have shown impressive growth after the market crash of 5th August.
Recently, as the market sentiment turned bullish, Dogecoin (DOGE) has shown an impressive rally of 3%, with a significant increase of over 48% in the trading volume. FLOKI, on the other hand, has been making news with an intra-day increase of over 10%. Thus, tough competition is seen between Dogecoin (DOGE) and FLOKI to become the best meme coin.
DTX Exchange continues to gain traction globally, regardless of the meme coin competition. The trading platform has been grabbing investors from meme coins as well as established altcoins. Thus, it has also emerged as a strong contender in the crypto space.
Dogecoin (DOGE) Explodes 42% In Volume: Price Breakout Coming!
Dogecoin (DOGE), the largest meme coin in terms of market capitalization, has seen positive price momentum today. The meme coin’s price has soared 5.4% in the last 24 hours, currently standing at $0.1053. Moreover, the market cap of Dogecoin (DOGE) has jumped 5.38% to a whopping $15.33 billion during this time.
The coin is also witnessing intense trading activity amid this price rally. The 24-hour trading volume of Dogecoin, according to Coinglass, has skyrocketed 72.12% to $1.10 billion. Traders have jumped on the DOGE bandwagon as the price continues to go toward the next highs, potentially targeting the next target of $0.11. Moreover, the Open Interest (OI) of the coin has also risen during this time.
The rising trading volume and Open Interest in the meme coin are reflecting a market turnaround. The RSI of Dogecoin (DOGE), per TradingView, is currently sitting at the 46.5362 level. It shows that Dogecoin (DOGE) is in the ideal buying phase, and this can push the price toward the next highs. If DOGE successfully clears this level, then the chances of a bigger price rally will become better, making it a top choice for the best meme coin of August.
FLOKI Gears Up For Bullish Takeover
After suffering a prolonged downtrend, FLOKI has finally started its upward trajectory as the bullish market sentiments trigger a price rally for the meme coin. FLOKI has shown an impressive ascent of over 10% on the daily charts within a day reaching the $0.0001248 mark.
FLOKI started the day with a trading price of $0.0001134. As the day progressed FLOKI gained momentum! Currently, the daily chart for FLOKI is ruled by constant green candles. The market cap of the meme coin has also increased by 10.03%.
The explosive increase in FLOKI’s trading volume is a testament to increased investors’ interest in the meme coin, making it one of the best meme coins for August 2024. FLOKI has shown an impressive increase of 92% in the trading volume.
Thus, FLOKI is giving strong competition to Dogecoin (DOGE) to become the best meme coin in this bull run. Market analysts anticipate further rally for FLOKI.
DTX Exchange In Strong Technical Position: Investors Jump In!
DTX Exchange has outdone traditional exchanges as it gives a hybrid solution, a mix of traditional and technological finance (tradFi), which cannot be provided by other major platforms. The platform does not require KYC protocol, thereby facilitating its holders.
One of the many great features of the hybrid platform is the 1000x leverage, which, as the name suggests, is quite high, so the users can take on the financial markets to a significant extent and potentially earn big but with a little upfront payment only.
The native token’s price has doubled from its initial value of $0.02 to the current level of $0.04. However, this increase has not hurdled the presale performance. DTX has successfully raised over $1.4 Million in stage 2, providing its early investors with 100x ROI.
The primary importance of DTX is the fact that it is the only one offering such a type of decentralized services in the industry while also standing out from the crowd in various other areas. Moreover, it is a one-stop shop providing access to over 120,000 assets with a single click.
Key Takeaways
The tussle to become the best meme coin has made Dogecoin (DOGE) and FLOKI strong contenders. DTX Exchange, however, remains invincible with its unique hybrid trading model.
Learn more:
English (US) ·