The Dogecoin price has plunged 7% in the last 24 hours to trade at $0.0965 as of 10:30 a.m. EST.

According to @CryptoBusy, a renowned crypto analyst, the dogecoin price could soon break out as it now finds crucial support.

#Dogecoin $DOGE – Currently consolidating on this 618 level and support!

Waiting for a potential breakout or breakdown if the market goes crazy! pic.twitter.com/nKx739ZBot

— CryptoBusy (@CryptoBusy) December 7, 2023

Dogecoin Price Prediction

Looking at 1-hour DOGE/USD charts, the MACD is moving towards the green zone as the Relative Strength Indicator moves upward, surpassing 50. This shows buying pressure on Dogecoin as bulls look to break past the $0.1 level.

The 50-period moving average also exceeded the 200-period moving average, showing bull dominance on the meme coin. Looking at volatility, the Dogecoin price is currently facing low volatility, as shown by the Bollinger Bands, which are currencies moving at a close distance.

Meanwhile, as the Dogecoin price plunges, Meme Kombat’s MK token presale is still making waves as more investors get on board. The presale has now garnered over 2.6 million from its targeted $3.5 million.

Dogecoin Price Prediction: Is MK A Better Coin To Buy Now?

Meme Kombat is a new gaming platform with the native MK coin currently priced at $0.225. Every step of the presale will see a rise in the token’s value.

Meme Kombat pits the most well-known meme characters against one another. The original roster had 11 combatants, each with unique abilities, disadvantages, and strengths.

AI oversees the fights, handles the gameplay, and controls the visual aspects. The artificial intelligence will consider various in-game mechanisms together with the characteristics of the characters to determine the result of every combat.

The player aims to wager on each match’s winner to get MK awards. 

Betting and staking

Players must buy and stake the MK token to play Meme Kombat. Afterward, a portion of the staked tokens must be used to wager against other players (player vs player) or the game itself (player versus game).

📣 Major Update 📣

The Meme Kombat Staking Dashboard is officially live and ready to be used by you!

Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G

— Meme Kombat (@Meme_Kombat) November 9, 2023

Each kind has unique qualities that may be tailored to the individual player’s requirements. Players must compete against one another in PvP bouts by putting their MK tokens on the line.

Conversely, wagers based on probability are made in PvGame conflicts. In addition, real-time betting on combat will be accessible.

Tokenomics entails a total supply of 120 million MK tokens, of which 50% was set aside for the presale. This allocation provided the project with its starting capital and enabled the team to secure the funding required for the platform’s development.

The remaining 20% will be divided evenly between DEX liquidity and community benefits, with the remaining 30% designated for staking and betting rewards.

As suggested by the title and elements of the game, Meme Kombat draws heavily from classic combat games. The project plan is based on a seasonal framework popular in contemporary gaming, particularly in GaaS (Games as a Service).

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Developers can draw in new users and maintain the attention of seasoned gamers with seasonal upgrades.

Meme Kombat could appeal to P2E gamers searching for a fresh platform, especially now that the crypto gaming sector is getting more attention.

So, as you watch out for the Dogecoin price, remember to check out Meme Kombat.

Visit Meme Kombat here.

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• Source: https://insidebitcoins.com/news/dogecoin-price-prediction-doge-plunges-7-as-meme-coin-investors-flock-to-this-low-key-presale-that-might-explode