While the bitcoin price stands, Bitcoin Cash is rising and aiming for a three-year high

4 weeks ago 0 52

CoinMarketCap service shows that at the moment the main cryptocurrency is experiencing a period of slight stagnation. The asset pushed back from the level of $74 thousand and fell to the $64-66 thousand mark.

Because of this, many investors are increasingly turning to other tokens for profitability. For example, Bitcoin Cash, which rose to $690 and now seeks to break through the key resistance. If it succeeds, the asset will be able to grow significantly in value.

Analysts note that the RSI index is at 79. This suggests that the interest of traders is growing along with buying activity. Therefore, it is worth considering this coin as an option for purchase, especially against the background of the upcoming rally.

Meme cryptocurrencies are also overtaking bitcoin in terms of growth

However, there are other coins whose price is rising more rapidly than that of BTC. They belong to the niche of meme tokens, are characterized by virality and help to get a quick income.

For example, over the past year, Pepe has risen in price by an average of 117,000%. Another meme asset, Smog, appeared on Jupiter and MEXC exchanges and grew in value by 273%. In addition to this, there is also the dogwifhat cryptocurrency, which became more expensive by 1,858% during the same time. This rise is due to increased buying interest related to the growing functionality of meme tokens and the upcoming Doge Day event.

Dogecoin20

This is a promising meme token with an embedded steaking mechanism and support in the form of an environmentally friendly Proof-of-Stake protocol. The Dogecoin20 asset has raised over $10 million in the pre-sale and is now preparing to launch on the Uniswap exchange. This will take place on April 20 (Doge Day) and will potentially raise the price of the coin.

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Right now, $DOGE20 can be purchased for $0.00022. Purchased coins will provide access to blockchain token technology. The rewards will be paid out to investors over 2 years. The developers have allocated 15% of all tokens for this purpose.

The price of $DOGE20 can be influenced by 2 other factors – the upcoming halving of BTC and the general limited supply. The first one will push bitcoin itself up in price and entail other coins. The second factor will make the asset scarce and more valuable.

Slothana

This is an asset in the popular Solana network, which does not have a multi-stage presale system. You can buy tokens with $SOL: one such coin is enough to get 10,000 $SLOTH.

The Slothana asset has already raised over $8.2 million on the presale, which indicates a high level of interest from the community. The community expects that the token will be able to repeat the success of previous Solana-based developments. In this, the cryptocurrency will be helped by the steaking mechanism and airdrop.

To participate in it, you need to buy $SLOTH coins on the presale and blockchain. Before that, it is important to connect a suitable wallet so that upon completion of the presale, bonus tokens will arrive in the investor’s account.

It is not difficult to do this: just click on the “Buy Now” button and transfer the required number of $SOL coins, exchange them for the $SLOTH asset and confirm the transaction. Like many other tokens in the Solana network, the new cryptocurrency enables fast, cheap and secure transfers.

Completion

Although bitcoin is predicted to rise sharply in price ahead of the halving, most investors prefer to buy other coins. Their attention is drawn to meme tokens that have established themselves in the market (Solana projects) and offer favorable staking and airdrops (DOGE20, SMOG and SLOTH). However, it should be remembered that all of them are extremely volatile and therefore involve risks.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.