Dogecoin (DOGE) recently saw a massive increase in value after its price saw an increase of over 100% in just over two weeks. This rise put DOGE back in the top 10 cryptocurrencies by market capitalization.
The meme token’s trading volume surpassed $100 billion in February alone. This is a substantial increase compared to previous months and reflects the growing appeal of investors.
Dogecoin was in the spotlight again after Elon Musk answered a question about the potential of buying Tesla with Dogecoin. The recent 7% rise in its price in the last 24 hours has caught the attention of many analysts who are now bullish on the coin.
As the crypto market continues to grow, Scotty the AI (SCOTTY) is emerging as another pre-sale project gaining traction among investors looking for the next crypto to blow up.
Dogecoin’s upside potential in this bull run
Dogecoin has once again made headlines as Tesla CEO Elon Musk hinted at the potential of using Dogecoin for payments during his visit to the Berlin Gigafactory.
When asked about the possibility of purchasing Tesla vehicles with Dogecoin, Musk responded on a lighter note: suggesting this option could be enabled.
He also mentioned that Tesla products can already be purchased using DOGE and reinforced his support by saying “Dogecoin to the moon”.
Additionally, recent analysis on TradingView highlighted a breakout in the DOGE price, suggesting that resistance has turned into support and that Dogecoin was heading towards an “extreme breakout” soon.
The analyst predicts that if DOGE rises above its current price of $0.18308, it could reach targets of $0.28, $0.435, and $0.57 in the coming months.
At the time of writing, DOGE was trading near $0.1828. So, a sustained close above this level can help the token achieve the goals mentioned above.
On March 8, Crypto analyst Ali highlighted that Dogecoin was entering a pattern that historically led to bull rallies. Notably, the price of DOGE surged in 2016 and 2020 when it left parallel channels. If the trend continues, DOGE could soon reach the $1 mark.
Scotty the AI is another project attracting investor interest amid this bull run. It has already reached its pre-sale stages and is preparing to be listed on the stock exchange. Thus, it could be a promising new crypto for investors looking to diversify their crypto portfolio.
Scotty The AI prepares to list after raising over $10.6 million
Scotty the AI (SCOTTY) is a popular crypto platform combining artificial intelligence (AI) and blockchain to offer security solutions. The project features an AI-powered Scottish Terrier mascot and focuses on AI-based solutions to increase security and prevent fraud in the blockchain space.
The SCOTTY presale recently sold out after receiving massive investor support. It raised more than $10.6 million in just a few weeks, demonstrating great investor confidence.
At the time of writing, early buyers have one last chance to purchase $SCOTTY tokens for $0.01. This price will increase when the token hits the exchanges in the coming days.
A key feature of the platform is its use of advanced AI to monitor blockchain transactions. This helps it quickly identify and address threats to ensure a strong security framework.
According to Scotty’s AI whitepaper, the platform has a limited token supply of 1,734,567,890 tokens. The platform prioritizes community engagement and transparency, with no tokens allocated for team ownership.
Scotty’s roadmap has three main phases: token pre-sale, followed by strategic listings on exchanges, and finally, the launch of Scotty Swap Tool and Chat With Scotty. These developments aim to improve user interaction and security.
It’s also worth noting that early buyers who stake $SCOTTY tokens can get an APY of 28% at press time. The platform has dedicated a substantial portion of its offering to staking rewards.
Interested users can follow Scotty the AI on X (formerly Twitter) and access its Telegram channel to keep up to date with the latest exchange listing news and other updates.
Visit Scotty the AI
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reference: watcher.guru