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Cryptocurrency News Articles
DOGE to Fall 66.9%: What's Behind the Dogecoin Value Drop?
Dec 15, 2024 at 02:00 am
After growing more than 300% in the month following Trump's election victory, the Dogecoin price rally stalled over November with a modest 12.42% surge.
The price of Dogecoin (CRYPTO: DOGE) has hardly budged over the last month and is now set for a 66.9% drop after a brief Q4 recovery.
But analysts say the Dogecoin (DOGE) drop has less to do with the meme coin's inherent volatility and more with surging interest in the altcoin sector.
On the other hand, investors are worried and must urgently decide whether to weather the storm or dump DOGE for another promising altcoin.
With the latter option proving to be smarter as the altcoin season heats, the search for the best cryptos to buy is underway. For many, the PropiChain (PCHAIN) presale timing couldn't be better as the altcoin offers 30,000% gains just as the Dogecoin price falls.
DOGE To Fall 66.9%: What's Behind The Dogecoin Value Drop?
After growing more than 300% in the month following Trump's election victory, the Dogecoin price rally stalled over November with a modest 12.42% surge. But the outlook for Dogecoin (DOGE) is now grimmer after the meme coin fell over the past day (0.18%) and week (6.15%) to $0.4127.
Considering the crypto market's sporadic shift to altcoins, analysts now speculate another Dogecoin price drop of around 66.9% before the final week of December.
While Dogecoin (DOGE) is poised for another rally after Trump's inauguration, investors stay focused on the nearer future, especially as this stage of the bull cycle offers enormous profit potential with other top altcoins like PropiChain (PCHAIN).
PCHAIN: Why PropiChain Is The Leading Altcoin To Buy Now
Many likely point to another trendy meme coin when considering a Dogecoin (DOGE) rival. However, analysts say the PropiChain altcoin will rival the historic 700x Dogecoin price rally with a massive 300x run for PCHAIN by Q1 2025.
From the plethora of crypto presale projects to emerge from this cycle, its PropiChain investors are flocking, with over $1.4 million PCHAIN altcoins acquired just weeks into the presale launch.
While both cryptos share the same profit potential, PropiChain (PCHAIN) stands out as the ambitious Web3 project to tackle real estate problems while capturing a share of the $634 trillion industry. So, what exactly is PropiChain (PCHAIN)?
According to experts, the best way to describe PropiChain (PCHAIN) is as the first full-service blockchain platform for real estate business, encompassing RWA tokenization, property-finding, asset trading, digital property management, and asset investing. Upon hearing that, many immediately wonder how that is even possible.
To achieve this, PropiChain is combining several advanced technologies, namely blockchain, metaverse, smart contracts, and artificial intelligence, to create a single business solution.
Blockchain is multifunctional on PropiChain (PCHAIN), providing a novel real estate fractional ownership model, an impenetrable vault for storing assets, and smart contract technology to manage asset rights and rental agreements digitally.
Imagine a world where physical properties are represented as digital tokens on a decentralized blockchain.
Here, assets can be traded in unlimited fractions, meaning users can practically invest a few dollars into multi-million-dollar properties, something not traditionally possible. Furthermore, property transactions can be processed instantly instead of weeks, effectively bringing liquidity to the real estate asset class.
But it's not only access to the market that's increasing; PropiChain is also exposing everyone to the global real estate market through an immersive metaverse marketplace featuring virtual tours, virtual meetings, and virtual property staging.
Yet, what'll truly make PropiChain "full-service" and set it apart from the competition is the inclusion of smart contracts and artificial intelligence for property management and investing.
Forget about spending time and money to lease properties or collect rental payments. Smart contracts on PropiChain can instantly handle these daunting processes with auto leasing, auto-renewal, and auto rent collection features.
Then, leave it to AI to personalize property search, determine fair asset prices, and automatically trade properties while offering 24/7 virtual assistance.
Dogecoin Value Drop Signals Investors To Acquire PropiChain Altcoin
Another 66.9% Dogecoin price drop is looking more likely as billions flow from the meme coin market into altcoins.
While many consider cryptos like XRP, ETH, and ADA the best altcoins to buy now, savvy investors are placing huge bets on the PropiChain presale.
Considering its disruptive potential, market analysts see a conservative 30,000% rally for PropiChain (PCHAIN) in the coming months. These PCHAIN price projections have been solidified as the PropiChain
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