The digital coin market is on an upsurge with an overall gain of 1% today. For instance, Dogecoin (DOGE) registers an increment of 0.5%, attaining a $0.067791 mark; a 2.5% rise within a week, and a 9% increase over the fortnight, albeit records a dip of 6.5% over the past month. This uninspiring performance positions DOGE far behind other heavy-hitting cryptos, such as Bitcoin (BTC), which saw a phenomenal 85% rise since the start of the year.
Despite this, an exciting scenario is developing. Enter the new meme tokens that have been enjoying above-average gains, with Thug Life Token (THUG) raising $250,000 in its pre-sale phase alone, gearing up for considerable trading activity once listed. Further, DOGE’s trajectory shows a promising golden cross pattern with its 30-day moving average surpassing its 200-day curve. Alongside this, the relative strength index for DOGE looms above 50, indicating favourable momentum for gains in the coming period. Adding to the positive vibes, the meme token’s support level has held against the odds in recent periods, forestalling further slips from its present price level.
However, the coin appears hobbled by an absence of upbeat adoption or development news. For instance, the speculated Twitter integration, touted as a significant adoption move, seems distant at this juncture. This lack of clear DOGE adoption strategies by major platforms appears set to limit the spectacular upturns characteristic of this coin.
Still, not all meme tokens are facing this plight. A notable example being the Thug Life Token (THUG), a newcomer to the ERC-20 platform, drawing substantial interest from the rap and hip-hop communities. THUG’s initial offering of $250,000 was met enthusiastically — a sign of potential popularity on the horizon. A reflection of the 4/20 culture, the maximum token supply of 4.2 billion, with 70% reserved for the pre-sale phase, promises an appreciably decentralized market. This strategic distribution may explain the successful uptake of the pre-sale that is set to conclude once it reaches its hard cap of $2,058,000, possibly within a few weeks.
This ticking timeframe offers a unique opportunity for traders to secure their shares of THUG, poised to become a sensation in the bearish market. Investors can visit the official Thug Life Token website and acquire THUG using ETH, USDT, or fiat currency. Given its impressive fundraising and substantial follower pool, THUG could stage a significant rally, topping the charts of successful meme tokens this year. Despite these prospects, potential investors should tread carefully as crypto is an ultra-risky asset class. Always remember – “Cryptos are exciting but with high risks; invest wisely!”
Source: Cryptonews
