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The cryptocurrency landscape is constantly changing, but in this week’s crypto news, Monero (XMR) and Solana (SOL) have both underperformed the market. The market has been volatile recently, and many investors are wondering if presale is the best time to buy crypto.
Luckily, there is a new crypto meme coin that has just entered the presale stage, and is already impressing investors. DogeMiyagi (MIYAGI) launched onto the scene with the mission of becoming one of the best crypto coins out there. Combining token utility with the fun factor of a meme coin, this new crypto coin is one to watch.
Monero is well known in the market for its focus and commitment to privacy and security. It’s renowned for its unique technology that enables users to conduct untraceable and unlinkable transactions. This feature has attracted investors and crypto enthusiasts seeking enhanced financial privacy.
Amidst the volatile crypto market, Monero has been displaying relative stability this week. On Monday, it managed to add 0.47% to its volume and has been hovering between its support at $152.44 and resistance at $153.94, showcasing little volatility. Monero also received a volatility rating of 14 on Investors Observer, which places it within the lowest 14% of cryptocurrencies. Moreover, Monero’s risk/reward gauge reading has been low, signifying its reduced vulnerability to price manipulation.
While Solana is a promising cryptocurrency, it has experienced a slowdown in its gains after doubling its price at the start of the year. Despite this activity, the community remains optimistic about an imminent breakout for this year. The price action and RSI readings also suggest that Solana is setting the stage for a potential upward surge.
Solana boasts high transaction speeds, excellent scalability and lower costs, enabling it to process an impressive 65,000 transactions per second. This remarkable technical foundation has attracted investors who recognise its growth potential. Additionally, Solana has begun to incorporate AI into its platform to inform their market approach, further solidifying its position in the crypto landscape. Solana is currently trading around $20.68, eagerly awaiting a breakout moment.
In the realm of meme coins, DogeMiyagi is carving its own unique path by combining the entertainment of meme coins with token utility. The token is built on the Ethereum network, with an ERC20 token to offer all the stability and security of the Ethereum network. It’s also set to launch on Uniswap, a user-friendly decentralised exchange to offer accessible, seamless and instantaneous token swaps.
DogeMiyagi not only offers meme enthusiasts the chance to ride the wave of meme coin culture but also grants access to an exclusive domain with NFTs and other benefits. Furthermore, DogeMiyagi has implemented a referral program, allowing users to earn rewards by inviting others to join the community. Those who make a referral will receive a 10% commission straight to their wallet.
As investors explore the latest market trends this week, Monero’s stability, Solana’s anticipated breakout and DogeMiyagi’s unique approach stand out. While the general crypto market has encountered trouble in recent weeks, presale coins like DogeMiyagi can often be unaffected by broader market trends.
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Disclaimer: This content is not a part of NFTgators’ editorial content and is not an investment advice. Do your due diligence before making any decision.