Why Dogecoin (DOGE) Holders Are Betting Big on DuragDoge ($DURAG)

Recently, Dogecoin has risen by 12% in a bid to regain critical levels that it has failed to breach in such a challenging market.

Recently, Dogecoin has risen by 12% in a bid to regain critical levels that it has failed to breach in such a challenging market. However, this is an encouraging sign of growing investor interest in DOGE; nonetheless, the resistance remains strong, meaning that Dogecoin is not poised to reverse the current downward trend. Due to this, DOGE holders are betting heavily on this new meme coin called DuragDoge ($DURAG).

What Is DuragDoge ( $DURAG)

DuragDoge is the newest meme coin that blends the hood vibe plus street smarts and crypto swagger. Whether you are stacking for the drip or vibing with the family, $DURAG is the most promising crypto to invest in in the crypto space. With this project gaining immense attention, experts project it to lead the newest meme coin to invest in 2023.

Let's examine why Dogecoin is betting big on DuragDoge.

Dogecoin (DOGE): Signaling Hope To Investors

The recent 12% bounce in the price of Dogecoin has brought some optimism among the members of crypto-investing. This upsurge suggests that new buyers could be in the market after having pulled out of the market earlier. At the present time, DOGE must cross the resistance levels located between 25% higher than the current price to demonstrate an adequate trend reversal.

At the moment, the support level that the analysts are focusing on ranges between $0.16 and $0.19. This price range is important in determining the ability of DOGE to sustain itself in the market. If the price tries to remain above this area, analysis indicates an impressive price climb might take Dogecoin to $4.

DuragDoge ( $DURAG): A Platform With No Buy and Sell Tax

DuragDoge is a relatively new trending altcoin that came into light recently and intends to step out of the block and into the world to demonstrate that meme coin is not just the monetary value. As the most promising crypto platform, DuragDoge will target ordinary people, the dream chasers, and the risk takers who understand that great success comes with greater risk. Dogecoin is betting on DuragDoge because the project has opted for a no-buy-and-sell tax, meaning they do not levy a tax on the trading system.

The new crypto project is planning to reward loyalty on its staking ground, which is revolutionizing the market. After the implementation of staking, token holders will be able to stake their coins and shall be rewarded proportionately after some time. Something worth pointing out is that the platform mentioned allows you to stake and, in turn, earn up to 20% of the Annual Percentage Yield.

The overall tendency is the longer you stake, the better you are paid since it’s more about supporting the pack and the progress achieved. However, its deflationary nature has a significant advantage as its token supply will reduce over time, thus increasing the value of tokens.  One of its advantages is security – this new crypto project has been audited and has been verified by Coinsult.

Conclusion

Despite Dogecoin showing short-term bullish signals, its investors' have flocked to DuragDoge. With the features DuragDoge presents, the platform is set to see a surge in the market. For those seeking the best-trending altcoin, DuragDoge is the best investment platform to boost your portfolio.

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