Is $0.2 Incoming for DOGE as New Meme Coin ICO Raises $3.8M

Dogecoin (DOGE) has been on a remarkable run lately, with the meme coin breaking past resistance levels and setting new 52-week highs.

Its recent price surge has many investors wondering if $0.20 can be tapped again – or potentially even higher.

Meanwhile, a new meme coin called Scotty the AI (SCOTTY) is also making waves, with its ICO raising an impressive $3.8 million so far.

Dogecoin Buzz Spreads as Coin Pushes Back Towards $0.20

Dogecoin has been on a tear in the past few weeks, captivating investors with its wild price movements.

Currently trading around $0.165, DOGE went on a rally between February 26 and March 5 – soaring an incredible 146% to hit $0.206 before pulling back aggressively.

But the meme coin seems to have found its legs once more as it marches higher on enormous trading volumes.

With over $3 billion in daily spot volume, DOGE is now the 9th most traded cryptocurrency worldwide.

The technicals are looking bright too – DOGE has passed multiple resistance levels in the past two weeks and is well above its 20-day Simple Moving Average (SMA) on the daily chart.

This bullish momentum doesn’t appear to be dying down anytime soon, with Dogecoin’s rabid community continuing to push it higher.

Many traders have their eyes peeled to see if the coin can continue rising and tap the $0.20 psychological level once more.

A decisive breach of $0.20 could open the floodgates for more upside since it would be the highest DOGE has been since January 2022.

DOGE Whales Begin Circling as Demand Ramps Up

While Dogecoin’s price movements have been erratic, several on-chain metrics point to increasing momentum behind the scenes.

Data from blockchain analytics platform IntoTheBlock reveals that the total number of “Dogecoin millionaires” – addresses holding over $1 million worth of DOGE – has rocketed by 76% in just the last month.

This rise in large investors, including whale-sized holders with over $10 million, suggests significant accumulation is taking place.

The Dogecoin millionaire ranks have now swelled past 1,000 addresses in total.

Such rapid growth in the number of wealthy investors is often seen as a bullish signal.

After all, Dogecoin’s rally throughout February and early March coincided with this buildup of high-net-worth interest.

If millionaire inflows continue, it could provide a strong base for DOGE’s next leg higher.

Further reinforcing this narrative is a 123% surge in daily active Dogecoin addresses since mid-February.

With improving network activity and deepening whale involvement, the conditions may be ideal for DOGE’s return to $0.20 in the coming days.

Scotty the AI Brings Fresh Take on Meme Coins with AI-Powered Features

While Dogecoin continues making waves, a new meme coin called Scotty the AI is also gaining traction.

Based on the intelligent and loyal Scottish Terrier breed, SCOTTY aims to bring real-world utility to the meme coin space through AI integration.

Key features like the AI-powered Scotty Swap for secure token trading and ScottyChat for market insights help set it apart.

Moreover, the project also has a staking protocol where SCOTTY holders can generate 53% APY on their holdings.

With a defined roadmap, including exchange listings and strategic partnerships, Scotty the AI’s team has ambitious growth plans.

The project’s ongoing ICO has already raised over $3.8 million, showcasing immense investor appetite.

Of SCOTTY’s token supply, 50% has been set aside for early buyers – ensuring retail investors have a sizable stake in its growth.

The remaining tokens will be used for staking rewards, development, exchange liquidity, and marketing.

Driving even more interest in Scotty the AI’s ICO is endorsements from YouTubers like Crypto Wire.

With the demand for meme coins showing no signs of slowing down, projects like Scotty the AI that combine meme culture with real utility could be well-positioned to capture a slice of the booming market.

Visit Scotty the AI Presale

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