Tech

Dogecoin Investors Lament DOGE Price Stagnancy Despite Increase in Trading Activity; Considering Moving to Pikamoon (PIKA)

09/10/2023
Bitcoin Ethereum News

The whole point of investing is to make profit. This is why Dogecoin investors are displeased by the recent DOGE price stagnancy despite the increase in trading activity. Now, most of these investors are considering the fast-growing Pikamoon (PIKA) in the hopes of a profitable end to the year. 

How valid are these hopes? Keep reading to find out.

pikamoon

DOGE Investors Are Disturbed By Recent Messy Market Conditions

In the last 30 days, Dogecoin (DOGE) has witnessed a surge in network activity, mainly with daily active addresses partaking in trading exceeding 45,000. Yet, this increased level of activity has not translated into a complementary surge in the DOGE price.

This interplay between DOGE’s network activity and price movement is intriguing because usually, when an asset experiences improved network activity, it’s often a sign of growing interest and expectation of a price rally. But, for DOGE, the absence of price growth despite the growth in daily active addresses is worrisome. 

Analysts have revealed an important factor contributing to the stagnation, which is the decrease in the number of transactions carried out by addresses holding DOGE. Since July 30th, there has been a huge drop in the daily count of DOGE transactions, adding up to an 89% plunge by August 19th. This drop in transactional activity is said to be a sign of lessened enthusiasm among holders and traders.

With the crypto market and its volatility, DOGE price stagnancy could lead to investors diversifying their wallets in search of more profitable cryptocurrencies. In the recent turn of events, the latest report in the crypto market has shown that numerous DOGE investors switched their attention to Pikamoon (PIKA), a promising rival meme coin despite it being in its early stages.

Pikamoon (PIKA) Promises Investors Higher Returns This Year

Pikamoon is a project powered by an advanced play-to-earn game called Pikamoon Adventure that gives gamers crypto rewards (NFT or PIKA) when they play and win. To earn these rewards, gamers simply have to win in any of the in-game activities, which might be an adventurous contest or treasure hunt. 

Pikamoon sets a pedigree for itself by delivering this thrilling project with several innovative features for more explosive growth and profits: 

  • Leveraging Latest Technologies

First, Pikamoon builds the Pikaverse with Unreal Engine 5, the best real-time 3D graphics creation tool for metaverse games. 

By building with this latest Unreal Engine tool, Pikamoon delivers a project offering adventure, realism, and immersive gameplay to the delight of its users. This makes Pikamoon more appealing to gamers and investors.

  • Pikamoon Adventure is Available Offline  

The Pikamoon Adventure game is available to gamers who prefer offline modes, an advantage many other games don’t offer. With this offline gaming mode, gamers can play more often, earn more rewards, and use PIKA more. This means faster and higher growth and profits for token investors.

  • Growth with the Best Partners 

Pikamoon’s sustained growth and its hybrid token’s non-stop positive price performance come mostly from its valuable partners. Thanks to these partnerships, Pikamoon gets a broader reach and more attention, which increases the token’s use, and growth potential.

Pikamoon Presale Keeps Growing 

The Pikamoon presale has won the hearts of many top industry experts and whales with back-to-back successes. From rewarding early investors with 300% profits to rising to $0.0006 from $0.0002 in only the last two phases, this presale hasn’t stopped growing. 

Little wonder top industry experts recommend buying $PIKA early to be part of the next 20x profit. 

pikamoon

Find out more about Pikamoon (PIKA):

Buy Now: https://pikamoon.io/buy

Website: https://pikamoon.io

Twitter: https://twitter.com/Pikamooncoin

Telegram: https://t.me/pikamoonofficial

Source: https://www.analyticsinsight.net/dogecoin-investors-lament-doge-price-stagnancy-despite-increase-in-trading-activity-considering-moving-to-pikamoon-pika/