Doge price experiences a small 2% increase today, reaching $0.09742, amidst a broader market decline of 1% in the last 24 hours. This uptick follows a lighthearted remark made by Dogecoin's co-founder, Billy 'Shibetoshi Nakamoto' Markus, on social media. Markus jokingly expressed anticipation to lose more money in light of the ongoing market pessimism, sparking some interest. Despite a 3.5% decrease in the past week and an 8% drop in the last two weeks, long-term Doge holders have still seen profits, with a 2.5% month-over-month increase and a substantial 52% gain over the course of a year.
While Markus' comment was not exclusively focused on Dogecoin but rather on market conditions, it likely contributed to Doge's recent performance compared to the overall market environment. The coin is displaying signs of recovery after a lackluster start to the week, with its relative strength index and moving averages hinting at a potential price surge in the near future.
Newer Meme tokens Offer Positive Volatility
As Dogecoin remains a relatively stable and established meme coin, traders seeking higher volatility may turn to newer tokens for greater potential gains. One such token gaining attention is The Meme games (MGMES), an ERC-20 cryptocurrency that has raised an impressive sum in its presale phase, set to conclude soon.
The Meme games introduces a unique social gambling feature, where holders can participate in betting on meme characters competing in automated contests. Winning bets yield a 10% bonus on top of staking rewards, fostering a strong incentive for token ownership. The platform's interactive nature and engaging community have contributed to its growing popularity, evident in its significant social media following before even being launched.
With a capped supply of 2.024 billion tokens, the presale allocation, staking rewards, and games winnings offer diverse opportunities for investors. Those interested in securing MGMES tokens at an attractive price can participate in the ongoing sale on The Meme games website before the price increment prior to the sale's closure. The token's early success hints at potential future growth, making it a compelling investment option for those seeking exposure to promising meme tokens.
