Dogecoin (DOGE) has had a tough time this week, dipping from its local high of $0.287 after a wave of profit-taking. But can DOGE rebound from its current slump and rally to $1 in August for the first time?
Meanwhile, a new dog coin – Maxi Doge (MAXI) – has just kicked off its token presale phase. It’s loud, lean, and laser-focused on helping everyday traders chase big gains in a space dominated by whales.
With staking already live and over $120,000 raised on day one, Maxi Doge is aiming to be the best meme coin to buy for those seeking higher returns than large-cap coins like DOGE can provide.
Could Dogecoin Rally to $1 in August After Recent Selloff?
Dogecoin has been struggling lately – down about 3% in the past week – but zoom out and it’s still up 38% over the last month. On July 21, it hit a high of $0.287 before cooling off, and now it’s hovering around $0.22.
Some traders are watching the $0.21 level as potential support – it lines up with the 0.618 Fibonacci retracement on the 4-hour chart, which often signals a reversal zone. But can DOGE hit $1 in August?
The straight answer is probably not. That would require a 354% move in 30 days, reaching a new all-time high, and for DOGE to overtake BNB and SOL in market cap. It’s not impossible – but incredibly unlikely.
A more realistic short-term target might be $0.47, a strong resistance level it last saw in late 2024. But for those seeking true market-beating returns, DOGE might already be too mature. That’s where newer, lower-cap meme coins like Maxi Doge come in.
Maxi Doge Presale Kicks Off & Raises $120K Immediately
Maxi Doge is the latest dog coin flexing its muscles – and early signs suggest it could make its mark on the space. The project’s presale has raised over $120,000 in one day, and with MAXI tokens priced at just $0.00025 right now, early buyers are piling in fast.
So, what’s the pitch? Think Dogecoin – but maxed out. Maxi Doge reimagines the iconic Shiba Inu as a bodybuilder, channelling 1,000x energy and relentless pump mentality.
MAXI leans into a full-on lifestyle: lift, trade, repeat. And it’s aiming to reward holders with staking perks, weekly competitions, and exclusive access to community alpha.
The project’s angle is clear – whale-sized conviction for everyday traders who are tired of watching the big money get all the best deals. And it’s getting attention. Maxi Doge’s X (Twitter) page has already hit 4,100 followers, with its Telegram channel also seeing an influx of new members.
Is Maxi Doge the Best Meme Coin to Buy Right Now?
Maxi Doge arguably has way more upside potential than Dogecoin ever did at launch. While DOGE was built as a joke with zero utility, MAXI has solid tokenomics, staking incentives, and a roadmap aimed at long-term growth.
Let’s start with the tokenomics. 40% of the MAXI supply is going to marketing – fuel for viral growth. The Maxi Fund takes 25%, which the team says is all about “optimal pump dynamics.” Then there’s 15% for development, 15% for liquidity, and 5% locked in for staking rewards.
These staking rewards are wild right now. MAXI stakers can currently generate an enormous 1,894% APY on their tokens. That yield will taper off over time, but more than 395 million MAXI have been staked already.
With a pre-launch PR blitz underway, DEX listings planned, and potential futures trading partnerships in the works, Maxi Doge’s team isn’t thinking small. For anyone who missed DOGE, or who doesn’t think the OG meme coin can ever hit $1, this might be the one to watch.
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