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Meme coins surge as DOGE volume reaches $10 billion and IntelMarkets tops weekly performance.
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Meme coins are proving their strength, and Dogecoin (DOGE) is leading the charge. With its trading volume skyrocketing to an impressive $10 billion, it’s clear that the meme coin craze is not over.
While DOGE shines, IntelMarkets is taking the crown for weekly gains, showing it’s not just about fun and memes even while still in its presale.
Dogecoin’s $10 billion volume
Dogecoin is showing remarkable strength, with its 24-hour trading volume recently hitting a staggering $10.37 billion, a 67.67% increase. This surge in volume reflects the growing enthusiasm around meme coins, which has now surpassed Porsche’s market cap at $58 billion. Volume increases signal strong market participation, highlighting DOGE’s role as a dominant player in the crypto space.
However, Dogecoin’s momentum appears to be waning. The Ichimoku Cloud and DMI indicators suggest a consolidation phase, with Dogecoin trading near key support levels. The price action is currently fluctuating within the cloud, signaling uncertainty in market direction. A break above the $0.48 resistance could propel DOGE toward $0.50-$0.60 while failure to hold the $0.36 support might lead to a sharp decline.
The EMA lines also indicate a weakening trend. The potential formation of a death cross suggests that bullish momentum may be losing strength. A sharp reversal could happen if Dogecoin falls below the critical $0.36 support, possibly pushing it down to as low as $0.14.
IntelMarkets: Where flexibility meets power
Everyone in the crypto community is talking about IntelMarkets, and it’s no surprise. Over $2.7 million has been generated for IntelMarkets since its presale started, with its token currently priced at $0.06. This impressive start reflects significant interest and progress, setting the stage for continued growth.
A standout feature of IntelMarkets is its continuous futures trading, which will do away with concerns about contract expiry dates. This will offer traders a competitive edge by enabling them to swiftly adapt to market changes. IntelMarkets will also integrate the DeFi ecosystem from Ethereum with Solana’s ultra-fast network, leveraging dual-chain capability for trading with unparalleled speed and adaptability.
Moreover, IntelMarkets will provide high leverage options (up to 1,000x) for traders who want to take their game to the next level. With good risk management, this presents an opportunity to increase prospective earnings. Notably, the platform’s 24/7 trading availability across all time zones will ensure flexibility for traders.
IntelMarkets’ vast selection of asset pairings, including popular and niche cryptocurrencies like Bitcoin and Ethereum, will make it a great alternative for diversifying investors. Its enhanced liquidity and seamless trading operations will guarantee that traders can actively participate in the market regardless of the volatility.
IntelMarkets is at the forefront and it’s just getting started.
To learn more about IntelMarkets, visit their website or Telegram community.
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This article first appeared at crypto.news
