• Dogecoin has overtaken Cardano to turn out to be the eighth largest cryptocurrency.
• Dogecoin’s meteoric rise has been fueled by social media buzz and a market surge.
• Bitbot, a brand new Telegram bot undertaking, has raised $1,378,018 within the seventh part of its ongoing token presale.

In a dynamic improvement, Dogecoin (DOGE) has made a breakthrough, overtaking Cardano (ADA) and turning into the eighth largest cryptocurrency by market capitalization.

This comes amid growing competitors within the cryptocurrency market, facilitated by the emergence of progressive initiatives equivalent to Bitbot, the brand new Telegram bot token.

Dogecoin value rises 100% in a single month

Over the previous month, Dogecoin value has proven exceptional value motion, experiencing a big improve of over 100.83%.

Current market tendencies counsel that this rise will be attributed to the thrill generated by social media influencers.

In line with knowledge from cryptocurrency analysts, Dogecoin’s value surge is intently correlated with a rise in social media exercise.

The rise within the variety of interactions on varied social media platforms has elevated the worth of DOGE.

Nonetheless, regardless of this obvious correlation, technical evaluation of Dogecoin's value actions paints a extra cautious image.

Bitbot: New Telegram bot token

Amidst the excessive exercise within the crypto market, Bitbot has emerged as a notable participant, providing customers a novel buying and selling expertise immediately throughout the Telegram platform.

Bitbot is a non-custodial Telegram buying and selling bot that goals to stage the monetary enjoying area by offering customers with institutional-grade instruments in a safe and user-friendly bundle. This enables customers to commerce immediately from Telegram whereas having full management over their property.

Bitbot presents a wide range of options designed to enhance your buying and selling expertise, together with computerized sniping, restrict orders, copy buying and selling, and yield optimization. These instruments are accessible to all customers no matter their buying and selling expertise, making superior buying and selling options accessible to a wider vary of customers.

Bitbot presale underway

Bitbot is at present in a pre-sale part for its native token ($BITBOT), providing traders the chance to take part within the early levels of improvement.

On the present pre-sale stage, the pre-sale value of BitBot Token (BITBOT) is about at $0.0134 per token.

Nonetheless, the worth is anticipated to extend with every stage of the pre-sale, with the worth of the subsequent stage anticipated to be $0.0141 per token.

The pre-sale has already raised a big sum of money, demonstrating investor curiosity within the undertaking's potential.

Is it good to put money into Dogecoin or Bitbot now?

As traders think about their choices within the cryptocurrency market, the choice to put money into Dogecoin or Bitbot will rely upon a wide range of elements.

Though Dogecoin's latest value actions are spectacular, technical indicators counsel warning and point out a potential reversal in value route.

Dogecoin’s Aroon indicator signifies that the uptrend could also be weakening and will sign a reversal in value route.

Moreover, the Chaikin Cash Movement (CMF) indicator returned detrimental values, indicating a liquidity drain and growing promoting stress.

The Transferring Common Convergence Divergence (MACD) indicator additional confirms the downtrend with the MACD line under the sign line on March fifteenth.

Regardless of the latest surge in Dogecoin costs, these technical indicators collectively level to market weak point and a short-term downtrend.

In the meantime, Bitbot presents a novel strategy to crypto buying and selling, and its distinctive options and progressive platform have attracted the eye of traders.

In the end, nevertheless, the choice to put money into Dogecoin or Bitbot will rely in your private danger tolerance, funding objectives, and market evaluation.

Each choices current alternatives and dangers, and on condition that cryptocurrency investments are topic to market volatility dangers, traders ought to conduct thorough analysis and, if needed, seek the advice of an professional earlier than making any funding determination. recommendation ought to be sought.