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As BASE meme coin markets continue to play host to huge trading volumes, Based Peach (PEACH) has exploded in the latest skyrocket move, but as PEACH price enters retreat – could DOGECOIN20 offer a better alternative?
This article will provide an analysis of Base Chain’s latest meme coin PEACH’s current price trends and look to see whether an innovative new project, DOGECOIN20, represents a more promising investment opportunity at this time.
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More Peaches for Everyone <3 #RoadTo100m pic.twitter.com/bOKL6wCvHl
— Based Peaches 🍑 Base (@based_peaches) April 4, 2024
Based Peach caught immediate traction on crypto X, and the project has leaped from strength to strength, with developers already moving for its first CEX listings on LBANK – less than a week after launch in a potential bullish catalyst that sees PEACH remain as the Hot #8 on DEXTools.
PEACH Price Analysis: As Based Peach Battles Price Retreat – Could There Be a Second Rally Leg?
As price action fights to consolidate at lower support levels, Based Peach is currently trading at a market price of $0.013 (representing a 24-hour change of +214%).About WordPress
This comes after PEACH launched at just 19:00 UTC on March 29, in a DEX listing that gained fierce initial traction, that fuelled an aggressive +260% opening climb that saw PEACH price hit an all-time high at $0.031 by 6:00 UTC on March 30.
In the days since, PEACH price has declined, with early backers taking profits on the dramatic Base Chain rally, and a sell-off move triggering a -86% retracement in the chart.
(DEXTools)
Despite attempts at a second breakout on March 31, the retracement continues to dominate ongoing price action, and PEACH token is now left fighting for support at $0.013 after bouncing hard from the pits of bedrock support at $0.0039.
The uptick for PEACH has been egged on by more than $2.28m in 24-hour trading volume; suggesting that strong interest is returning to the chart as holder hopes are buoyed by expectations surrounding the L-BANK CEX listing.
Indeed, with a market cap of $11.68m, there could still be room for significant growth here – with a 5-10x move not out of the realm of possibility for PEACH.
However, overhead risk from more than 3,400 holders, many of which have been underwater for days, spooks some retail investors away from the project – and this is fuelling viral growth in the DOGECOIN20 presale.
Supercharge Dogecoin Price Skyrocket With Dogecoin20: Capitalizing on the Hype?
While DOGE supporters expect a spike to $1 and above the immediate liquidation level in 2024, this resurgence is fueling interest in Dogecoin20, a new ERC-20 token currently in its presale phase – offering retail investors the chance to get in early at an ultra-low market cap.
Developers describe the Dogecoin as part of the “Dogecoin family of meme coins.” However, unlike DOGE, there is more utility to Dogecoin20 holders since they can stake and earn rewards.
Additionally, Dogecoin20 attempts to differentiate itself from other meme coins by offering a capped supply and a staking mechanism, features not present in Dogecoin. This could incentivize long-term participation and address concerns about inflation.
But the real opportunity lies in Dogecoin20’s market cap (around $10m), which is just a fraction of Dogecoin’s $26.6Bn, imagine if Dogecoin20 repeated just 1% of Dogecoin’s success. That would mean a 30x return for presale investors – an easy target in bull market conditions.
Dogecoin20 will likely capitalize on the “replica play” on DOGE and possibly attain the same viral success. Strategically, the meme coin creators are tapping into high expectations ahead of the Bitcoin halving event.
Dogecoin20 will launch on April 20, around 24 hours after the event.
EXPLORE: BakerySwap PUMP Raises $280M in Biggest-Ever Meme Coin Presale – Could New Dogecoin Be Next?
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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