AiDoge Gains Momentum: CEX Listing is Live, Fueling Explosive Price Rally Anticipation as Crypto Market Recovers
It can be a little confusing looking at the crypto market right now and wondering where you should turn as an investor. The crypto market has always been volatile and will be until we have concrete decisions regarding regulation; even still, the last couple of weeks have been especially volatile, leaving investors wondering where they can find a reliable project to back.
The market does have some underlying trends that suggest it could be about to bounce back, but regulation rumours and SEC battles in the news it is hard to be too confident either way. There is one project that seems unaffected by any negative trends, though, and that's AiDoge (Ai). We will get into more detail on this meme coin later, but its presale was one of the best ICOs in recent memory and grabbed a lot of attention from all corners of the crypto world.
Let's first look at what we can predict from the market going forward and what investors should be keeping an eye out on.
After a rough week or so, the market looks like it might be trending upward. However, a lot of experts think this will be temporary due to recent developments in the United States. The crypto market had already been reeling after it was announced in the first week of June that the SEC was filing lawsuits against the exchanges Binance and Coinbase.
This was met with prices plummeting around the market, and just as it seemed like things were setting down, we got news on June 14th from the Federal Reserve that it is more than likely rates won't be slashed any time soon.
Nearly all Committee participants view it as likely that some further rate increases will be appropriate this year to bring inflation down to 2 percent over time." Federal Reserve Chairman Jerome Powell said at the press conference on Wednesday.
So, while the market is resisting at the moment, it may not look good in the near future. There is a serious battle underway in the US as the SEC tries to take on the crypto industry, but the industry is fighting back as Coinbase has filed a countersuit, and even some politicians take the side of crypto as they believe the SEC is deliberately targeting crypto as revenge for the FTX scandal.
While investors look on eagerly to see how the battle in the US goes, things are looking much better in Europe as the MiCA legislation is progressing and talks of a digital Euro ramp-up. So all this has turned the crypto market into a melting pot. The best thing an investor can do is keep an eye on developing stories and pounce on projects that come up and look like they are built to last.
A perfect example of this is AiDoge, the meme coin had a very successful presale that sold out in just around a month. Crucially it was unaffected by outside factors. This can be a huge benefit of the best meme coins; they tend to buck market trends. With the listing beginning on Monday the 19th, many think its price could explode among rumours of great interest from investors.
The presale of AiDoge (Ai) reached its hard cap of $14.9 million much faster than anyone expected, so there was a significant amount of time to wait for the listings to begin on the 19th. However, what is most encouraging for those running the project is that investors continued to flow in despite the fact they knew they would not receive any of the presale bonuses.
With Dogecoin (DOGE) and Shiba Inu (SHIB) enduring a seemingly never-ending downward spiral, it has left investors wondering if there is going to be a new meme coin that is going to rise up and take their place at the top of the market.
It is early doors, but of all the meme coins currently on the market AiDoge seems the best placed of any of them. The meme coin will be the market's first meme-to-earn project which seems to have captured the imagination of the internet, and it combines the two hottest trends in the crypto market at the moment, AI and meme coins.
Briefly, we will run you through how the platform works. The AI will be used to assist users make the best memes on the internet, it will have a vast knowledge of the crypto market, so just typing a simple scenario will be enough for it to create a meme.
Its utility comes in here, too, it will cost a small amount of Ai to make a meme, and that is the only way you access the meme generator. However, the speed and quality of the meme-making will be much better than anything else on the internet.
The competition aspect is sure to attract crypto lovers from all corners of the internet too. A voting system will be in place on the site to ensure that the best meme creators don't just get exposure on the site but also get rewarded with native currency.
A staking system will add a level of security to the project, which is a hurdle many meme coin projects fall at. Staked tokens will be the most secure in the off chance something goes wrong, and those that stake will be able to receive a proportional amount of Ai as well as access to premium content.
While the market may have bounced back a bit, there is still an air of caution that all investors should be applying to their decisions. Keeping abreast of any news that might affect prices, as well as examining how coins perform during negative periods, will be a profitable strategy. This is likely why so many are predicting that the price of AiDoge could explode when the listings begin on Monday, the 19th.
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