Dogecoin Price Salvages Meme Reputation Trading Above $0.17, Coldware Presale Creeps Towards $3M Raise

In a world driven by speculation, market sentiment, and social media hype, Dogecoin (DOGE) has managed to carve out a lasting position in the crypto space

Dogecoin price salvaged its meme reputation and traded above the $0.17 mark amid good spirits. The latest rally in Dogecoin had technical analysts discussing the possibility of a move to $0.20.

However, another interesting development was Coldware (COLD), which had nearly $3 million in its presale as investors poured into the privacy-first blockchain solutions platform.

What happened: Recently, Dogecoin price surged above the $0.17 psychological level amid upbeat market sentiment and technical factors.

The bullish bias in Dogecoin was illuminated by several technical analysts on Monday, April 24. One analyst pointed out that Dogecoin was forming a bullish chart pattern known as a “rectangle.” The analyst highlighted that the cryptocurrency was facing resistance at $0.166. A breakout above this level could propel Dogecoin to the next resistance at $0.1783.

Further gains could see Dogecoin test higher resistance at $0.1940, and a breakthrough above this zone could pave the way for a rally to $0.20.

Another analyst discussed the key development in Dogecoin’s recent rally. According to the analyst, large investors, also known as “whales,” had accumulated 1.7 billion DOGE, which was valued at approximately $285 million at the time.

This massive “whale buy” had a significant impact on the cryptocurrency’s supply. As demand continued to rise, it could exert upward pressure on prices.

The analyst noted that the cryptocurrency had encountered strong resistance at $0.166, but it was crucial to monitor this level. A breakout above this resistance could propel Dogecoin to the next resistance zone at $0.1783.

Above $0.1783, the cryptocurrency could face another round of resistance at $0.1940. A breakthrough above this zone could set the stage for a rally to $0.20.

Dogecoin’s price is up over 100% since the start of 2024. At the time of writing, it was trading at $0.166.

Why it’s important: Despite its meme coin status, Dogecoin’s price had defied expectations in 2024. The meme coin had managed to maintain its gains throughout the recent market pullback.

Dogecoin was also gaining attention for its role in tipping. A recent report by TippingJar highlighted that Dogecoin was the preferred cryptocurrency for tipping in 2024. The report noted that Dogecoin was used in over 70% of tips on TippingJar during the first quarter of 2024.

Dogecoin was also being adopted by an increasing number of payment platforms. Earlier in April, the Australian payments platform, "PayID," announced the integration of Dogecoin into its system.

Dogecoin had also secured an endorsement from Elon Musk, who teased the possibility of including a Dogecoin logo on the upcoming SpaceX rocket to the Moon.

Related Link: Top 5 Crypto Movers: ATOM, SOL Rally On Optimism, LINK Remains Strong, PEPE’s Meme Magic Continues

Coldware preps for $3M presale as investors seek out privacy solutions: Investors flocked to new projects in 2024 and one offering a unique angle was Coldware (COLD). The crypto startup was touting its privacy-first blockchain solutions.

Here’s what investors need to know:

What Is Coldware (COLD)? At a glance: Coldware is a new cryptocurrency project that is focused on providing decentralized privacy solutions. The project’s aim is to integrate privacy into mainstream applications in a way that is efficient, secure and scalable.

Its presale had no minimum investment and offered investors a chance to join a new community.

What Is Coldware (COLD) Used For? Coldware is a PoS (Proof-of-Stake) cryptocurrency that is used to secure the Coldware Chain network. The native token is used to pay for fees on the network and is also used to vote on proposals for the future development of the project.

It is designed to be a highly private and secure cryptocurrency that can be used for a variety of purposes, such as online payments, money transfers and investments.

The Coldware Chain is a Layer-1 blockchain that is being developed to provide the foundation for a new generation of decentralized applications (dapps). The chain is designed to be highly scalable, efficient and secure.

It is also being developed with a focus on privacy, which is becoming an increasingly important consideration for cryptocurrency users.

Where To Buy Coldware (COLD)Now, investors can join the presale. It had no minimum investment and was accepting a variety of cryptocurrencies.

Those interested in learning more about the project can visit the following links:

Website: https://coldware.network/

Join the community: https://t.me/coldwarenetwork