Price: $0.19495 -0.6898%
Market Cap: 28.6B 1.1425%
Volume (24h): 3.72B 0.2%
Dominance: 1.1425%
Price: $0.19495 -0.6898%
Market Cap: 28.6B 1.1425%
Volume (24h): 3.72B 0.2%
Dominance: 1.1425% 1.1425%
  • Price: $0.19495 -0.6898%
  • Market Cap: 28.6B 1.1425%
  • Volume (24h): 3.72B 0.2%
  • Dominance: 1.1425% 1.1425%
  • Price: $0.19495 -0.6898%
Home > Information news > A Crypto Analyst Sees a Buy Signal for Dogecoin (DOGE), and the Potential Outlook for ScapesMania is Equally Favorable

A Crypto Analyst Sees a Buy Signal for Dogecoin (DOGE), and the Potential Outlook for ScapesMania is Equally Favorable

Release: 2024/04/22 19:00 Reading: 611

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/662639c5bb550a033c02021e

Recently, there has been a general uptick in activity in the quirky but surprisingly strong meme coin market. Dogecoin (DOGE) is just one example of this, but it’s a great example nonetheless. The value of the token increased by 3.6% from its position one month ago and surged by nearly 6% in only one day, trading at $0.1615. Regardless of this little boost, the Dogecoin (DOGE) price is still about 19% lower than it was 2 weeks ago, indicating that strong volatility is still there. 

A well-known crypto expert has expressed optimism about Dogecoin (DOGE) and its future, so we took it upon ourselves to see if this prediction holds any merit. We decided to use a certain trending casual gaming currency as a measuring stick for growth potential to see if Dogecoin (DOGE) is really all that hot when compared to real projects with real value.

ScapesMania: Not Your Average Altcoin

ScapesMania stands out as a symbol of security, creativity, and growth opportunity. Especially in a time when, according to a recent posting from ICOBench, involvement with new projects is becoming more and more difficult and risky. Below, you will find information regarding how ScapesMania's numbers are better than those of the average ICO project to show why it can be a better pick.

Presale Performance and Strong Involvement of the Community

With the trust of more than 18,400 people, ScapesMania's presale was a huge success, gathering over $6.125 million. This is a lot more than the average amount of funds generated by a run-of-the-mill ICO just a few years ago. According to the above-mentioned report, in one year, there was only $370 million gathered by 109 ICOs, amounting to a measly $3.39 per project. ScapesMania exceeds that number by over 180%. Beyond that, ScapesMania has a strong group of over 60,000 fans. This amount and the level of participation are much higher than what was reported for an average altcoin.

Room for Expansion

ScapesMania is part of the growing casual gaming niche. It operates and targets ambitious goals within a niche that is expected to grow to $19.12 billion by 2027. The project has big plans to add new gaming projects and make tokens more useful. Compared to other markets, which see key performance indicators go down over time, ScapesMania gives backers unmatched growth possibilities.

Better Security and Focus on Holders

Cliff and vesting is used to keep demand and supply in balance. This gives buyers more peace of mind and sense of security. Many ICO projects, on the other hand, don't have these kinds of mechanisms in place, which means holders are more likely to suffer losses when the sentiment changes.

ScapesMania, above all else, is an open tool that lets people from all walks of life take part in the future of blockchain and casual gaming. With the chance to stake for rewards and a strong marketing plan after the listing, the gaming ecosystem stands out from many new projects, which tend to favor big contributors over small ones.

Beyond participation, ScapesMania puts safety and trust in focus as well. With the team actively involved, regular AMA events, and clear lines of contact, it, once again, differs significantly from what is considered to be the market norm.

Proven Track Record, Clear Course for Potential Success

By continually living up to its potential, ScapesMania builds trust with holders. It’s actively showing a clear path forward through its history of accomplishments. From a very successful presale to great results on PancakeSwap, ScapesMania's milestones show that it is committed to creating value. This is very different from many other ICO projects that fail to live up to both expectations and promises.

In conclusion, when you really look at the data presented in that article, ScapesMania clearly and confidently establishes itself as a better potential. It had a great launch. It has a strong community, the potential for huge growth, better security, ease of access, an open track record, and a focus on the people. What else do you need?

>>> Join Now or Regret It Later <<<

Dogecoin (DOGE) Anticipates Price Surge Amid DogeDay Celebrations and Bitcoin Halving Impact

For meme coin fans, there's some exciting news: the famed Dogecoin (DOGE) might see a huge surge in its market value as a result of two big events: the forthcoming DogeDay and the recent Bitcoin halving.

Dogecoin (DOGE) has grown in both cultural and economic importance since its inception as a lighthearted substitute for the more serious and “boring” cryptocurrencies. On April 20th, DogeDay was celebrated. It has become a significant event for the community, often leading to significant price spikes. Not only is Dogecoin (DOGE) celebrating its playful roots on DogeDay this year, but the market seems to be responding positively as well. 

Dogecoin (DOGE) and the rest of the cryptocurrency market have historically been affected in a positive way by the fallout from Bitcoin's halving. The price of Dogecoin (DOGE) increased by a little, just 3%, to $0.157 due to the event, but the trend of prices after the halving suggests that there is still room for more increases. Some investors are cashing out, causing a little dip to $0.152, although market watchers remain bullish. One prominent cryptocurrency trader has made the bold prediction that, according on historical cycle analysis, Dogecoin (DOGE) might hit $0.73 by the end of July or August, if not surpass it.

Current market attitude is quite positive, and the large long-term bets held by futures market whales just add to that. The wider meme coin industry, which usually has more activity at these times, shares this positive outlook. However, when you really compare Dogecoin (DOGE) to a more solid project with more apparent real-life value, it can become less appealing as a long-term pick. ScapesMania, which was used as a measuring stick, has more tangible value and the projects in terms of growth seem to be just as positive, if not more.

Conclusion

Dogecoin (DOGE) stands out with a recent bullish signal from a leading crypto analyst, reflecting renewed confidence and market momentum. This endorsement comes as Dogecoin (DOGE) posts a 6% increase in a day. However, the emerging cryptocurrency ScapesMania also receives an equally optimistic outlook, but seems to offer more real-life value and has stronger growth potential because of it. When you really compare the two, the better pick seems obvious.

Site: https://scapesmania.io/

Twitter: https://twitter.com/ScapesMania

Telegram: https://t.me/scapesmania

Announcement Group: https://t.me/scapesmaniaAnn

Source: https://thebittimes.com/a-crypto-analyst-sees-a-buy-signal-for-dogecoin-doge-and-the-potential-outlook-for-scapesmania-is-equally-favorable-tbt85995.html

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