Dogecoin (DOGE) is one of crypto’s most famous meme coins. It is the prototype of the meme coin brand with its celebrity and community support. Launched in 2013 to mock regular cryptocurrencies, DOGE quickly built a large fan base due to its branding and Elon Musk’s subsequent support.
The social media hype around it rose, and the Dogecoin price touched an all-time high of $0.569 in May 2021. At the time of the US elections, Dogecoin price was at $0.15, which rose to $0.476 by December 8, giving an increase of 217% in just a month.
Factor in the Dogecoin price of $0.0944 from December 2023, and we have a growth rate of 327%. This means that $1000 invested in 2023 would be worth $4,268 at the current Dogecoin price.
This will make all investors realize the importance of picking strong winners at low entry costs. Investing $1000 in the current pre-launch sensation is only common sense in the rallying markets.
This is why many DOGE investors are being shadowed for adding on newer innovative projects. A popular pick for such investors is the AI-based project IntelMarkets INTL. This stands out as the next big thing, with the potential to replicate Dogecoin’s success with greater upside in the current markets.
Dogecoin Drops 3% On Hacking Scare
A hacker on Dogecoin used a network flaw to crash almost 60% of its nodes on December 12. These nodes verify transactions and could have put users’ funds at risk. The hacker exploited vulnerabilities in outdated software the affected nodes were using.
The DOGE developer community is currently trying to fix these issues as security concerns for even such lightweight cryptocurrencies are highlighted. Dogecoin’s price dropped to $0.40, losing 3% of its value in a day. This ate into the past month’s gains, leaving Dogecoin price gains at just 6%.
Market volume dropped over 25% to $4.8 billion, and the Exponential Moving Averages for the daily charts moved to sell signals. In contrast, the Relative Strength Index moved to sell signals for the weekly and monthly charts.
While analysts believe the Dogecoin price is still open for growth, if current trends persist, DOGE could target the $0.50 to $0.6 range by the end of 2024. This is a lower upside return than what investing in IntelMarkets INTL right now would get you.
IntelMarkets: Delivered 220% Gains In Presales
IntelMarkets is emerging as a promising investment option in crypto trading. It offers an AI-powered platform for trading in perpetual contracts. This flexibility attracts many traders, who can hold positions for longer and easily adjust their trade plans according to market conditions.
In addition, IntelMarkets (INTL)’s dual-chain architecture allows users to switch between the Solana and Ethereum blockchains according to their needs. The platform also offers access to high-leverage and multiple efficient DeFi applications.
Moreover, IntelMarkets’ self-learning AI bots help users manage their portfolios and increase their ROI by learning from traders’ behavior and trading patterns. These bots offer an automated trading environment that adapts to changing market conditions.
IntelMarkets is in Stage 7 of its public presale, offering tokens at $0.064. They have raised over $4.26 million in presales. The project is fully audited, with no security vulnerabilities in its smart contracts.
Analysts predict a 1000% surge when INTL is listed on major exchanges. With stage 8 approaching, INTL is expected to offer a 100% profit once it reaches $0.09.
Conclusion
People who invested $1000 in DOGE last year have enjoyed 327% returns so far, showing the power of investing in low-priced gems. Right now, investors have a great option in the form of IntelMarkets INTL, which is available at a steal price of $0.064.
What is even better is that IntelMarkets INTL has already delivered over 220% gains to its early investors, who bought into the platform at $0.02 to cash in on definite gains and subscribe now to the presales.
To learn more about the IntelMarkets platform, visit the presale or Join the INTL community.
