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Home»ALTCOIN NEWS»One Memecoin could withdraw Dogecoin’s profits if top Meme assets rebound on DOGE Day, Crypto Analyst Predicts
ALTCOIN NEWS

One Memecoin could withdraw Dogecoin’s profits if top Meme assets rebound on DOGE Day, Crypto Analyst Predicts

By Crypto FlexsApril 19, 20242 Mins Read
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One Memecoin could withdraw Dogecoin’s profits if top Meme assets rebound on DOGE Day, Crypto Analyst Predicts
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A closely followed cryptocurrency strategist believes that if Dogecoin (DOGE) succeeds, another memecoin will benefit from the hype.

Pseudonym analyst Inmortal says With his 212,500 followers on social media platform

“Should we pump DOGE on April 20th? Then FLOKI will follow. Confirmed to be greater than 0.00016.”

Source: Immortal/X

Looking at the analyst’s chart, he suggests that turning the $0.00016 level into support would confirm a FLOKI breakout.

FLOKI is trading at $0.0001385 at the time of writing, up almost 2% in the last 24 hours.

Next is the analyst Called Bitcoin (BTC) appears to have reached a market bottom.

“Maybe we’ll get another sweep, maybe we won’t, but it’s starting to feel like rock bottom.

  • Bullish divergence.
  • Prices are at record lows (-19% from all-time high).
  • “The decline is not accelerating,” he said.
video
Source: Immortal/X

At the time of writing, Bitcoin is trading at $62,206, up 1.1% in the last 24 hours.

Analysts too Called Ethereum (ETH) may be preparing for a breakout against Bitcoin (ETH/BTC).

“Getting the correct bottom timing is neither easy nor necessary. I’m not saying this low is a pico bottom, but the structure and general sentiment suggest that it is in the form of a bottom. There’s no need to stress. Anything above 0.055 BTC and we fly.”

video
Source: Immortal/X

ETH/BTC is trading at 0.048 BTC ($3,066) at the time of writing.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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