Dogecoin surpasses Cardano as competition with new Telegram bot token heats up

• Dogecoin overtakes Cardano to turn out to be the eighth largest crypto.
• Dogecoin’s surge is fueled by social media buzz & market surge.
• Bitbot, a brand new telegram bot venture, raises $1,378,018 in its seventh stage of the continuing token presale.

In a dynamic flip of occasions, Dogecoin (DOGE) has surged forward, overtaking Cardano (ADA) to turn out to be the eighth largest cryptocurrency by market capitalization.

This comes amidst intensifying competitors within the cryptocurrency market, fueled by the emergence of revolutionary initiatives resembling Bitbot, a brand new Telegram bot token.

Dogecoin value up 100% in a month

Over the previous month, Dogecoin’s value has seen outstanding value actions, experiencing a major surge of over 100.83%.

Current market dynamics recommend that this rise could also be attributed to the excitement created by social media influencers.

In keeping with knowledge from crypto analysts, Dogecoin’s value surge is intently correlated with elevated social media exercise.

The uptick within the variety of interactions on numerous social media platforms has propelled the worth of DOGE upwards.

Nevertheless, regardless of this obvious correlation, technical evaluation of Dogecoin’s value actions paint a extra cautious image.

Bitbot: the brand new Telegram bot token

Amidst the flurry of exercise within the cryptocurrency market, Bitbot has emerged as a notable participant, providing customers a singular buying and selling expertise instantly throughout the Telegram platform.

Bitbot is a non-custodial Telegram buying and selling bot that goals to degree the monetary enjoying discipline by offering customers with institutional-grade instruments in a safe and user-friendly bundle. It permits customers to commerce instantly from Telegram whereas sustaining full management of their belongings.

Bitbot provides a spread of options designed to reinforce the buying and selling expertise, together with automated sniping, restrict orders, copy buying and selling, and yield optimization. These instruments are accessible to all customers, regardless of their buying and selling expertise, making superior buying and selling capabilities accessible to a wider viewers.

Ongoing Bitbot presale

At present, Bitbot is within the midst of the presale section of its native token ($BITBOT), providing buyers the chance to take part in its early levels of improvement.

On the present presale stage, the presale value of Bitbot tokens (BITBOT) is ready at $0.0134 per token.

Nevertheless, with every stage of the presale, the worth is ready to extend, with the subsequent stage value anticipated to be $0.0141 per token.

The presale has already raised a major quantity, signalling buyers’ curiosity within the venture’s potential.

Is it good to spend money on Dogecoin or Bitbot now?

As buyers weigh their choices within the cryptocurrency market, the choice to spend money on Dogecoin or Bitbot hinges on numerous elements.

Whereas Dogecoin’s latest value actions have been spectacular, technical indicators recommend warning, indicating a possible reversal in value route.

The Aroon indicator for Dogecoin signifies that the upward pattern could also be weakening, probably signalling a reversal in value route.

Moreover, the Chaikin Cash Circulate (CMF) indicator has returned a destructive worth, suggesting an outflow of liquidity and elevated promoting strain.

The Shifting Common Convergence Divergence (MACD) indicator additional confirms a downward pattern, with the MACD line crossing under the sign line on March 15.

These technical indicators collectively point out weak spot and a short-term downward pattern available in the market, regardless of the latest surge in Dogecoin’s value.

Alternatively, Bitbot provides a novel strategy to cryptocurrency buying and selling, with its distinctive options and revolutionary platform garnering consideration from buyers.

Nevertheless, finally, the choice to spend money on Dogecoin or Bitbot is dependent upon particular person danger tolerance, funding objectives, and market evaluation.

With each choices presenting alternatives and dangers, buyers ought to conduct thorough analysis and search skilled recommendation the place needed earlier than making funding choices, seeing that crypto investments include market volatility dangers.