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Doge 2.0 has seen a notable drop over the past two weeks, with the token price standing at $0.00000000532 as of 11:10 AM ET on July 21. Despite a drop of 8% over the past 24 hours, trading volume shows signs of growth, and experts remain optimistic that bulls are in control, believing that the drop could be temporary.
Doge 2.0 Price Trends
According to technical indicators and historical data, Doge 2.0’s current price action on the crypto market is biased towards the bearish side. In the past 30 days, 17 days have been up, and the trading volume has increased by 10.7%, showing volatility that makes investors uncertain about potential profits.
Is the Doge 2.0 bull run still continuing?
DOGE 2.0 is showing a bullish trend, supported by positive sentiment and trading above the 50-day and 200-day simple moving averages. However, the MACD indicator suggests a possible loss of bullish momentum. The green candlestick pattern over the past 7 days indicates strong buying pressure and a stable market. The RSI index reached 97.75, indicating an overbought condition, indicated by the fading histogram bars, suggesting a possible trend reversal.
Factors that may affect the performance of Doge 2.0
In the Doge 2.0 ecosystem, there is a significant distribution of tokens among investors, resulting in a few notable whales holding billions of tokens, with one particular wallet holding over 13 billion Doge 2.0 tokens, and their transactions affecting market prices. Given that the activities of these whales may affect market sentiment, traders should proceed with caution.
Chimpzee as a preferred alternative
For investors looking for something away from listed currencies, Orangutan ($CHMPZ) is a more desirable option. The project is an innovative eco-conscious company that is committed to addressing animal endangerment, climate change, and deforestation by offering tokenized rewards.
This groundbreaking initiative aims to build a global community with a significant and beneficial impact on the environment. $CHMPZ is the project's native token, backed by advanced blockchain technology. As a trading tool, the token helps facilitate simple transactions and user incentives.
Features of $CHMPZ
The outstanding features of the Orangutan project are unique. Shop2Earn allows users to purchase any commodity or branded handicraft from the Orangutan store and receive CHMPZ tokens in return. Therefore, the more items purchased, the more tokens they accumulate.
Play2Earn allows Orangutan users to participate in the game and earn $CHMPZ tokens when they successfully unlock new achievements. By integrating Zero Tolerance Gaming, users play as NFT avatar characters while playing games, fighting against the tools of destruction used by humans.
The NFT marketplace in the Trade2Earn ecosystem allows active traders and NFT passport holders to buy and sell CHMPZ tokens. These qualified users can earn CHMPZ tokens when transaction fees are distributed across the network as part of an incentive program.
The NFT passport acts as a reward accelerator for the system, allowing owners to earn double incentives on the platform. Orangutan NFT passport holders can also enjoy access to special discounts and privileges.
$CHMPZ Pre-sale Phase
The presale of the Orangutan token was very successful, raising over $900,000 with 1.5 billion CHMPZ tokens sold. The price per token was $0.0007, increasing to $0.000775 in the next phase. After the presale ends, CHMPZ will be listed on several exchanges at a price of $0.00185 per token. As the price increases, more traders and investors are advised to buy the token before listing.
How to buy $CHMPZ
Users can purchase $CHMPZ tokens by following these simple steps:
Install a recommended cryptocurrency wallet on your device or get access to it from the web.
Visit the presale information page and connect your wallet.
Use your fiat currency or stablecoin to pay for the amount of $CHMPZ you wish to buy.
Wait to claim your tokens at the end of the presale phase.
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