SPONSORED POST*
After a bearish trend that left coin value charts looking like a post-apocalyptic skyline, Tron (TRX) came out smelling like a basket of roses and showing remarkable resistance. TRX’s price has broken above a minor resistance area and is approaching a long-term resistance. If it closes above this resistance, it would confirm a bullish trend. Another source of optimism this May is Dogetti (DETI), a new meme coin completing its presale and bordering on hitting its funding goal. Read on to learn more.
Standing Up To The Bears: TRON’s Recent Rise
TRON (TRX) is a blockchain-based decentralized platform that was founded in 2017 by Justin Sun and has gained immense popularity since then. TRON aims to create a borderless, decentralized internet where users can share digital content without any intermediaries.
TRON’s architecture is built on the Ethereum platform, and it utilizes smart contracts to execute transactions. TRON’s native cryptocurrency, TRX, is used to power its blockchain and incentivize content creators to share their content on its network.
TRON has been able to maintain its stability and resilience during the recent crypto market crash. Despite the market’s bearish trend, TRX has remained relatively stable and has even shown some bullish signs. As of May 5, 2023, TRX is trading at $0.11, which is a remarkable achievement considering the market’s current state.
Technical analysis of the daily timeframe suggests a bullish prediction with the possibility of breaking out of an ascending triangle pattern to reach $0.082. However, a close below the ascending support line would invalidate the bullish prediction.
Downward Market, Upward Dog: Dogetti’s Presale
Why should you care about this new meme coin? Well, the first reason is that it’s more than a regular meme coin. Dogetti has potential as a digital currency, which is made evident by the loyal community it has built around itself and the 1.2 million USD it has already raised while still in presale.
Dogetti puts the community at the forefront, with features dedicated to rewarding participating members, such as its decision to give back 2% of every transaction carried using its native coin DETI to be distributed equally amongst holders of the token. Prompted by social awareness, Dogetti’s team has also decided that another 2% will go to a charity wallet, the contents of which will be donated to a charity of the community’s choosing. The community will be able to vote on which charity will be using Dogetti’s own DAO.
Do you enjoy Dogetti’s mafia theme? You can join the Dogetti crime family by adopting a Dogetti puppy from the NFT collection. These cute, mischievous pups are a potential investment as well with a breeding feature expected to be added after launch to enable owners to multiply their puppies. As they gain in value, selling and trading them can be a worthwhile endeavor.
Crypto markets are notoriously unpredictable, and sometimes the value can crash to the detriment of its investors. However, that does not mean that there is no room for optimism or that one should abstain from investment. The trick is to bet on the winning horse or dog in this particular hound race before the starting pistol goes off so you can make it big with minimal investment. Dogetti’s presale is still going on, and the cost of entry remains relatively low for the moment, but who knows? With a market approaching the end of a bearish trend, the value of Dogetti can shoot up overnight, and investors could wake up to millions of dollars worth of crypto in their digital wallets.
Join the Dogetti crew through the link below:
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Twitter: https://twitter.com/_Dogetti_
Telegram: https://t.me/Dogetti
*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/05/19/tron-resilience-dogetti-great-presale/