Dogecoin or TRUMP? Market whales place big bets
The cryptocurrency market is heating up, with meme tokens at the center of the action. While Dogecoin attracts large investors with million-dollar moves, new options like TrumpCoin are trying to establish their place with promises of explosive growth.
Big Investments in Dogecoin
Dogecoin is currently the focus of attention for market “whales,” who in just 48 hours accumulated over 1.83 billion DOGE, equivalent to 640.5 million dollars. According to analyst Ali Martinez, this massive movement demonstrates the confidence of large investors in the long-term potential of this veteran cryptocurrency.
Meanwhile, small investors are distracted by the recent arrival of TrumpCoin, a new token related to the former U.S. president. However, the whales seem to be securing strategic positions in DOGE, which could indicate expectations of sustained growth in its value.
The Upside Potential of TrumpCoin
TrumpCoin, the token inspired by Donald Trump, is also generating expectations. Martinez predicts that this token could experience a significant increase if it manages to overcome the technical resistance of a descending wedge, a pattern that signals a possible reversal towards a bullish market.
“If TRUMP breaks this formation, it could reach $54,” says the analyst, emphasizing that the key lies in a balance between buying and selling pressure. Although it is a new project, its initial movements suggest that it could gain relevance if it continues to attract more investors.
Dogwifhat: an Emerging Player in Solana
Another asset that is catching attention is Dogwifhat, based on the Solana blockchain. Currently, this asset is in a consolidation stage within a parallel channel, according to Martinez. It is trading near its support level at $1.35, and analysts believe it could reach $5 after a stabilization period.
Dogwifhat stands out as an interesting alternative for those looking to diversify their investments in cryptocurrencies, especially given its promising technical performance.
