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

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

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

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

Dogecoin worth up 100% in a month

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

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

Based on knowledge from crypto analysts, Dogecoin’s worth surge is carefully correlated with elevated social media exercise.

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

Nevertheless, regardless of this obvious correlation, technical evaluation of Dogecoin’s worth 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 novel buying and selling expertise straight inside the Telegram platform.

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

Bitbot presents a spread of options designed to boost 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

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

On the present presale stage, the presale worth 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 worth anticipated to be $0.0141 per token.

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

Is it good to put money into Dogecoin or Bitbot now?

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

Whereas Dogecoin’s current worth actions have been spectacular, technical indicators counsel warning, indicating a possible reversal in worth path.

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

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

The Transferring 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 point and a short-term downward pattern available in the market, regardless of the current surge in Dogecoin’s worth.

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

Nevertheless, in the end, the choice to put money into Dogecoin or Bitbot is determined by particular person threat tolerance, funding targets, 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 selections, seeing that crypto investments include market volatility dangers.