Dogecoin [DOGE] has recently seen a massive surge in value after its price saw an over 100% spike in just over two weeks. This uptick has put DOGE back into the top 10 cryptos by market cap.
The meme token’s trading volume surged past $100 billion in February alone. This is a substantial increase from previous months and shows growing investor traction.
Dogecoin was in the spotlight again after Elon Musk responded to a question about the potential of buying Tesla with Dogecoin. The recent 7% spike in its price over the last 24 hours has caught the attention of numerous analysts who are now bullish on the coin.
As the crypto market continues to surge, Scotty the AI (SCOTTY) emerges as another presale project gaining traction among investors looking for the next crypto to explode.
Dogecoin’s Upside Potential In This Bull Run
Dogecoin once again grabbed headlines as Tesla CEO Elon Musk hinted at the potential of Dogecoin being used 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 that this option might be enabled.
He also mentioned that Tesla merchandise can already be bought using DOGE and reinforced his support by saying “Dogecoin to the moon.”
Furthermore, a recent analysis on TradingView highlighted a breakout in DOGE’s price, suggesting that resistance had turned into support and that Dogecoin was headed for an ‘extreme breakout’ soon.
The analyst predicts that if DOGE breaks 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 at nearly $0.1828. So, a sustained close above this level can help the token reach the targets mentioned above.
On March 8th, crypto analyst Ali pointed out that Dogecoin was entering a pattern that historically led to bull rallies. Notably, DOGE’s price surged in 2016 and 2020 when it broke out of parallel channels. If the trend continues, DOGE could hit the $1 mark soon.
Scotty the AI is another project capturing investor interest amid this bull run. It has already achieved its presale milestones and is preparing for exchange listings. Thus, it could be a promising new crypto for investors looking to diversify their crypto portfolio.
Scotty The AI Prepares For Exchange Listings After Raising Over $10.6 Million
Scotty the AI (SCOTTY) is a popular crypto platform combining artificial intelligence (AI) with blockchain to offer security solutions. The project features an AI-powered Scottish Terrier mascot and focuses on AI-driven solutions to increase security and prevent fraud in the blockchain space.
SCOTTY’s presale recently sold out after witnessing massive investor support. It raised over $10.6 million in just a few weeks, showing high investor confidence.
At the time of writing, early buyers have a last chance to buy the $SCOTTY tokens for $0.01. This price will rise when the token hits 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.
Per Scotty the AI’s 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.
The roadmap for Scotty has three main phases: the token presale, followed by strategic listings on exchanges, and finally, the launch of the Scotty Swap Tool and Chat With Scotty. These developments aim to improve user interaction and security.
It is also worth noting that early buyers who stake $SCOTTY tokens can get a 28% APY at press time. The platform has dedicated a substantial portion of its supply to staking rewards.
Interested users can follow Scotty the AI on X (previously Twitter) and enter its Telegram channel to keep up with the latest news on exchange listings and other updates.
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