5 Dog Coins to Watch This April: Could Doge Day and the Bitcoin Halving Increase Their Prices?

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April promises to be an eventful month for dog-themed cryptocurrencies, especially with “Doge Day” (April 20) looming as a potential catalyst. This special day for Dogecoin could cause a huge spike in interest and prices for all things Doge.

Another thing to keep in mind is the bitcoin halving event on April 18. In the past, bitcoin halvings have led to large increases in the cryptocurrency market, which could be good news for all cryptocurrencies, including dog-focused ones.

The excitement over Doge Day and the bitcoin halving hints at big changes for dog-related coins. In the past, these currencies have tended to rally before these events, but then correct themselves. It is expected that this time it will be the same. This article looks at five dog coins in particular that investors should consider.

Dogecoin (DOGE)

First up is the original meme coin, Dogecoin (DOGE). Recent performance shows how the market feels about it. Dogecoin, the original meme coin, has hit a 14-month high, driven by strong fundamentals and the approach of Doge Day.

However, the price of Dogecoin has fallen this week, with a 3% increase over the past week alone and a 2% drop in the last 24 hours. This decline is not due to any specific DOGE-related event, but rather a market-wide drop caused by bitcoin.

Concerns about Dogecoin's unlimited supply persist among some investors. However, its potential for further gains is significant, especially considering its $27 billion market capitalization. Despite the market decline, optimism remains, particularly about Dogecoin.

Some analysts predict that the price of Dogecoin will continue to rise, and even suggest that it could reach $12 as the bull market continues. The excitement around Doge Day and the general sentiment in the cryptocurrency market could boost Dogecoin even further.

Baby Doge Coin (BabyDoge)

Another player in the field is Baby Doge Coin (BabyDoge), which has a large and active community and aims to offer more than just a meme coin. With a market capitalization of $312 million, it presents an attractive investment opportunity.

The price of Baby Doge Coin (BabyDoge) has increased significantly in the last month, witnessing an increase of over 20% in value in the last 30 days. This increase came after the burning of around $5 million worth of BabyDoge tokens.

While the price of Baby Doge Coin (BabyDoge) remained stable for over two weeks within a tight range due to bitcoin's decline, its recent listing on the CetoEX exchange pushed its value up by over 12% in the last seven days.

As BabyDoge gains momentum and sees greater adoption, market experts are expressing optimism about its long-term potential. Their forecasts suggest that the price of BabyDoge could reach $0.00000001217 in 2024.

dogifhat (WIF)

Another contender worth mentioning in the dog-themed coin space is dogwifhat, with a market capitalization of $4.1 billion. WIF, a cryptocurrency on the Solana blockchain, has shown significant bullish momentum lately, experiencing a notable rally in market value over the past month.

In the last 24 hours, dogwifhat's price rose 4% to $4.12, raising its market capitalization to approximately $4.1 billion, placing it 30th among its peers. The 24-hour trading volume increased by 3%, indicating increased investor interest.

Over the past week, WIF has seen significant price fluctuations, ranging between $2.90 and $4.80, demonstrating the volatility of this asset class. Despite a 19% surge during a bearish phase this week, April began with an overall market cooldown, with cryptocurrencies like bitcoin and ethereum seeing declines from recent highs.

If the bearish momentum persists, WIF could pull back towards the $3.00 support level, and potentially fall as low as $2.00. On the contrary, a bullish resurgence could push dogwifhat price beyond the $3.5 resistance, targeting $4 and even $5 soon.

FLOKI (FLOKI)

FLOKI stands out in the world of dog-themed coins due to its strong utility characteristics and burning mechanisms. Although its market capitalization is relatively modest ($2.2 billion), FLOKI's innovative features and engaged user community make it an attractive investment option.

FLOKI (FLOKI) is currently one of the top meme coins for investment, approaching its all-time high (ATH) after surging 333% in the last 30 days. Its previous ATH was reached on November 4, 2021 at $0.0003437 and recently its price broke the resistance level of $0.0003.

FLOKI is among the most popular dog coins, created by fans of the Shiba Inu meme coin (SHIB). The project aims to distinguish itself by offering various services, such as a gaming metaverse, a content platform and decentralized financial services.

Unlike other dog coins, FLOKI's market capitalization is not too high, meaning it could see significant growth in the long term if it delivers on its promised services.

Dogecoin20 (DOGE20)

Lastly, Dogecoin20, which is scheduled to debut on Doge Day, has caught the attention of investors for its distinctive features such as passive reward options and a fixed supply of tokens. With over $10 million raised in its pre-sale, Dogecoin20 is ready to make a splash in the cryptocurrency market.

For complete instructions on how to buy $DOGE20, check out our detailed guide. DOGE20 is scheduled to launch on Uniswap on April 20, a day celebrated as a sort of “unofficial holiday” in the meme coin space. When Dogecoin20 joins Uniswap, it will come prepared.

Using smart contracts powered by ethereum, twitter.com/hashtag/DOGE20?src=hash&ref_src=twsrc%5Etfw”>#DOGE20 transcends his twitter.com/hashtag/Memecoin?src=hash&ref_src=twsrc%5Etfw”>#Memecoin origins.

Empowering twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto Community with passive rewards!

Optimize your $DOGE20 holdings by participating in staking and earning rewards. pic.twitter.com/cTbZcfRJjO

—Dogecoin20 (@DOGE_COIN20) twitter.com/DOGE_COIN20/status/1771884728561385652?ref_src=twsrc%5Etfw”>March 24, 2024

The developers have reserved 10% of their total supply of 140 billion tokens to provide liquidity on the decentralized exchange. One notable feature that has attracted investors' attention is Dogecoin20's staking protocol. Another point in Dogecoin20's favor is its fixed supply.

The staking smart contract is designed to distribute tokens to all participants over a two-year period, offering ongoing passive income opportunities for the community. According to the DOGE20 website, the current staking rewards are over 60% APY. Check out our $DOGE20 price prediction to learn about its future.

To accommodate newcomers, the team has announced a “Last Chance to Buy” phase, which provides a limited opportunity to participate before the token launches on exchanges. The current price of DOGE20 is $0.00022 and is available for purchase on the project website before launch day using eth, USDT, or fiat currency.

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