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Bullish prediction for Dogecoin reignites interest in promising pre-sale memecoins
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Bitcoin (BTC) had excellent returns again in October, accumulating gains of 13.82% according to Coinglass. But the cryptocurrency that stood out the most in the Top 10 was the memecoin Dogecoin (DOGE), with returns reaching 19% in just the last seven days.
In the monthly comparison, DOGE accumulates huge gains that reach more than 60%, showing that the “uptober” was very successful. Therefore, analyst Rekt Capital states that DOGE may seek resistance at US$0.20 as the next level.
“Dogecoin has successfully retested the red level ($0.14) as support. Its price has since risen +26%, following the orange path perfectly until now”, explained the trader in his X account.
With the appreciation of DOGE, a large space opens up for other memecoins to make significant gains, the so-called “memeseason”. And in addition to the already consolidated tokens, those who can benefit most from this moment are memecoin projects that are in pre-sale, such as Flockerz, Pepe Unchained and FreeDum Fighters.
Why bet on memecoin pre-sales?
But if names like DOGE and other memecoins are seeing generous returns in 2024, why bet on tokens that haven’t even been launched yet? One of the simplest reasons is that these new projects often offer tokens at very low prices, usually costing less than US$0.01.
This is the case of FLOCK, a token from the Flockerz vote-to-earn project, whose price is worth US$0.0059 in pre-sale. This value makes the upside potential of these tokens even greater, allowing a simple investment to bring great returns.
This is especially common in memecoins, which often skyrocket in value because of viral trends and support from online communities. And Flockerz is one of the fastest growing projects, as its pre-sales surpassed the US$1 million mark in just a few days.
Furthermore, investing in pre-sales allows you to join a project before its official launch, which can bring advantages in terms of price and influence on community development.
Take a project like Pepe Unchained, for example, whose demand exploded to the point of making its pre-sales reach US$21 million. If the token had been traded on the market, the price would certainly have appreciated quickly. But as it is on pre-sale, the price increase remains more contained and you can still participate in an innovative network.
But the biggest advantage of participating in a pre-sale is the opportunity to learn about innovative projects. Traditional memecoins emerged from memes or jokes and have almost no use in the real world, but advancement has led to other projects emerging with even more different proposals.
Bullish prediction for Dogecoin reignites interest in promising pre-sale memecoins
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Bullish prediction for Dogecoin reignites interest in promising pre-sale memecoins
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Bullish prediction for Dogecoin reignites interest in promising pre-sale memecoins
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Bullish prediction for Dogecoin reignites interest in promising pre-sale memecoins