There’s a new meme coin in town, and it’s turning heads among Dogecoin and Shiba Inu investors. This latest entry into the crypto scene is causing a buzz, drawing attention away from established favorites. What makes this token so compelling? Uncover the reasons why enthusiasts are gravitating towards this emerging star in the world of meme coins.
DOGEN Soars 500% After DEX Listing, What’s Next with CEX on the Way?
DOGEN, the meme token built for those who never settle for less, is showing strong technical and fundamental momentum. Designed for winners, DOGEN embodies the alpha mentality, and this concept has already appealed to a large community of over 30,000 followers on X.
Recent Price Action & Momentum
Since its listing on Raydium DEX on February 4th, DOGEN had a strong run, hitting an all-time high of $0.0066 before cooling off and stabilizing around $0.002. Even at that level, it’s still up a massive 566% from its lowest presale price of $0.0003. The presale itself raised $5.5 million showing just how much early interest this project attracted.
Technical Indicators & Breakout Potential
DOGEN’s current fully diluted valuation (FDV) stands at $28 million, with a projected upside toward $40 million. This rise in value suggests a potential price target of $0.004+ in the near term.
Recent price action suggests DOGEN is testing key support within a descending channel. If the price breaks above $0.0032, the current downtrend would reverse and set the stage for a strong bullish move toward $0.0056, aligning with previous resistance levels.
A planned major exchange listing is expected to inject fresh liquidity and increase accessibility of $DOGEN, typically a key price catalyst for meme coins. With only 1 billion tokens circulating (10% of total supply), DOGEN’s price remains highly sensitive to increased demand, setting the stage for further volatility in favor of the bulls.
DOGEN Could 3x From Here – Don’t Wait for the CEX FOMO
Community buzzes about DOGEN Hitting $100M+
DOGEN’s remarkable post-listing performance and strong presale momentum have captured significant community attention. The eezzy’s journal channel, boasting over 50K subscribers, has recognized DOGEN’s potential to become a leading memecoin on Solana, potentially reaching a market cap exceeding 100M.
DOGEN has already demonstrated its ability to rally quickly, and with increasing speculation ahead of its CEX listing, the probability of retesting its $0.005 ATH—or breaking beyond—is rising. If momentum continues, DOGEN could enter a parabolic price discovery phase, with values exceeding its current FDV ceiling.
DOGEN is Still Undervalued – Buy Now Before the CEX Listing
Dogecoin Overview and Market Potential
Dogecoin was created in 2013 as a lighthearted cryptocurrency, using a Shiba Inu dog as its logo. It has no supply limit, with 10,000 new coins generated each minute. The coin gained mainstream attention in 2021, reaching a market value of over $50 billion, partly due to social media and Elon Musk’s support.
Dogecoin is often used for tipping and small payments. Its low transaction fees make it useful for microtransactions. The coin has an active community and continues to be widely discussed. Its long-term value depends on adoption and market trends. In the current cycle, its attractiveness depends on demand, trends in the crypto space, and continued support from its community and influencers.
Shiba Inu (SHIB) and Its Role in the Crypto Market
Shiba Inu (SHIB) is a cryptocurrency created in August 2020 by an anonymous developer named Ryoshi. It runs on the Ethereum blockchain, making it compatible with Ethereum-based projects. SHIB gained attention when half of its initial supply was sent to Ethereum co-founder Vitalik Buterin, who later donated and burned a large portion.
The coin has its own decentralized exchange, ShibaSwap, and future plans for an NFT platform and governance system. Its integration with Ethereum expands its potential beyond being a meme token. Market trends influence its appeal, and its utility in decentralized applications may impact its long-term position in the crypto space.
Conclusion
Currently, DOGE and SHIB may offer less potential in the short term. DOGEN stands out as a token for those who seek the best in life, embodying luxury and success. Inspired by tokens like BONK, WIF, and Popcat, DOGEN has high growth prospects. It is building a community of leaders, offering real benefits and exclusive perks for early adopters.
Disclaimer: This article is sponsored content provided by a third party and does not constitute financial or investment advice. Cryptocurrency investments carry inherent risks, and readers should conduct their own research before making any investment decisions. When considering ICOs, be sure to evaluate aspects like the whitepaper, team, partnerships, and tokenomics.
