The post Dogecoin Flats as Tariffs Loom Yet DuragDoge’s Hype Machine Keeps Growing! appeared first on Coinpedia Fintech News
The crypto market has severely declined, with Bitcoin (BTC) touching low levels of $87.7K due to Trump tariffs. In this regard, the current situation has taken a worse turn for Dogecoin (DOGE) in the market. It has caused more than $12.60 million of DOGE to be wiped out, including the rising volatility in the entire meme coin market.
However, DuragDoge ($DURAG), a new meme coin, continues to capture the hearts of investors. With its hype growing steadily and investors flocking to its presale platform, DuragDoge has become the best altcoin to buy. Its staking platform has been trending within the crypto community, making it an outstanding trading platform.
Let’s talk about why DuragDoge hype keeps growing amidst Dogecoin price going flat.
Dogecoin (DOGE): Open Interest Decrease
The daily active addresses of Dogecoin have declined to 36.1K, and the number of daily transactions has also decreased to 13.9K. It means that there is a withdrawal of market participation, a clear indication that traders are not fully confident. Although this may be the case in the short run, a long period of inactivity is likely to destabilize the price system since low activity levels may negatively affect volatility.
Dogecoin has also seen a small drop in its Open Interest by 0.02% to $ 1.76 billion, which indicates less optimism regarding the short-term market setup. Such conditions suggest a more conservative attitude from traders engaging in new positions, which could be explained by uncertain conditions of the price dynamics.
This decline may hinder any bullish potential from being achieved in the coming days in Dogecoin.
DuragDoge ($DURAG): Gaining Spotlight With Its Staking Platform
The hype of DuragDoge in the crypto market does indicate its mission, which is to take $DURAG from the block and take it to the world where it will not just be seen simply as monetary value. This is a blockchain trading platform whose community is characterized as being fearless, creative, and in the spirit of hustling. The project’s aim is to support the spirit of the underdog, the dreamers, go-getters, and hustlers who understand that big wins are made from bold steps forward.
One contributing factor to its hype in the market as the best altcoin to buy is its staking platform. Once staking is activated, the users of $DURAG will be able to lock their tokens for a particular period and, in return, will be rewarded with more tokens. Staking also leads to up to 20 % annual percentage yield APY, which makes staking the best crypto coin to buy.
Another reason behind DuragDoge’s rise is that no token has been allocated to its team members. This means that this project makes a guarantee to ensure that the share is distributed correctly and that all the players on the battlefield are equal; thus, this makes it the best crypto coin to buy. The token is currently sold at $0.0009, inviting investors who want to diversify their portfolio.
Conclusion
While the Dogecoin price falls flat, DuragDoge hype keeps growing speedily in the market. Because this blockchain trading platform has integrated staking features into its platform, DuragDoge is set to explode in the market. With the presale having remarkable success, DuragDoge has the potential to be the next crypto gem.
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