Traders are going wild in the Dogecoin community this month as its price jumps over 15%. But they’re not going wild because of this incremental increase, but because it has created the first “golden cross” breakout in nine months.
And with bull market momentum reaching a peak, the chart pattern couldn’t have come at a better time. Now, traders are seriously eyeing the Dogecoin all-time high, with some experts predicting a larger move to $1 or even $1.5.
Meanwhile, a new Dogecoin beta project has raised over $1 million in its presale, signaling that a new underdog is on the rise.
The Maxi Doge ($MAXI) presale, launched about two weeks ago, has just hit the $1 million milestone as capital pours in from investors eager to leverage Dogecoin’s bullish trend with more growth potential.
With solid support from investors, backing from top analysts, and favorable market conditions, some traders are viewing the $MAXI presale as the best meme coin to buy now.
Maxi Doge presale breaks out as Dogecoin smashes golden cross
Analysts have noted that Dogecoin has just broken above a golden cross, potentially marking the beginning of a new bullish phase that sends the price skyrocketing past $1.
The last time Dogecoin experienced a golden cross breakout, it rallied 130% in just four weeks afterwards. Looking back to 2020, the same pattern was a precursor to a massive four-month-long 1,000% rally.
However, this time, there’s a new Dogecoin beta play breaking out simultaneously. The Maxi Doge presale has just crossed the $1 million raised milestone, a significant achievement that strengthens its position as a promising contender in the meme coin space.
The first million raised is usually the hardest for meme coin presales. It’s the period when trust signals are lowest, and the community is the quietest. But reaching $1 million is a turning point. It sends a bold message to the market, and quite often, FOMO kicks in, prompting traders to buy large amounts.
It’s common to see a presale take months to reach $1 million, and only weeks more to hit $10 million. But considering the impressive pace at which $MAXI hit $1 million, it appears firmly positioned to be a top-performer on the breakout.
Furthermore, the fact that this is occurring in tandem with Dogecoin’s golden cross means the timing really couldn’t be more perfect.
There’s 396,725% upside for $MAXI to hit $1
Maxi Doge is abandoning the Dogecoin playbook of “do only good every day,” focusing instead on doing reps at the gym every day. He’s portrayed as the stereotypical meme coin degen. He’s afraid to touch grass and considers anything less than 1,000x leverage as ‘boomer.’
In the absurd world of modern meme culture – developed long after Dogecoin’s 2013 launch – Maxi Doge might just have the right energy to succeed at a scale only two or three meme projects have done before.
However, as every degen knows, the only thing that truly counts is gains. On that front, Maxi Doge has an advantage.
Should Dogecoin reach $1 this year, it would represent a 300% increase from today’s levels. But Maxi Doge reaching $1 would translate to a 396,725% gain from the $0.000252 presale price.
We’re not saying that $MAXI will hit $1 – that would be absurd. But that “what if” scenario, that psychological barrier, is sometimes enough in the meme coin world to turn the unlikely into reality.
Regarding how far $MAXI could realistically go, analyst Umar Khan from 99Bitcoins backs the project for 100x gains and also says it is the “best crypto ICO” to buy now. If this occurs, it’d turn a $10,000 investment into $1 million – the dream port size for most degens.
Why are traders betting on Maxi Doge for the biggest gains
With Dogecoin showing signs of a breakout, there’s a real possibility of a broader meme coin market rally in the coming weeks. This aligns with the bullish momentum seen across the altcoin market, with CoinMarketCap’s Altcoin Season Index increasing by 12 points this week.
However, experienced meme coin traders know that Dogecoin is usually not the best choice for gains. It better serves as a lead indicator of when to be risk-on or risk-off. Many traders go all-in on meme coins as Dogecoin breaks out, and take funds off the table when it looks toppy.
So, with $DOGE signaling a major structural breakout right now, investors are looking at lower-market-cap options to generate asymmetrical returns. Maxi Doge’s refreshed Dogecoin branding, low market cap, and analyst recognition all suggest this could prove a top performer – which is why traders are jumping in.
The Maxi Doge presale price will remain at $0.000252 per token for the next two days. But prices are scheduled to increase during the ICO, so get in now to maximize your upside potential.
This article is not intended as financial advice. Educational purposes only.
