After the past few months of fairly unexciting movement in the crypto market, some crypto analysts are beginning to speculate that Dogecoin (DOGE) could be in for a period of great volatility in the near future. While some investors are willing to risk their investments, others are exploring other options in the market for a more stable solution to their investment needs, and two potential projects that many are turning to are Floki Inu (FLOKI) and DogeMiyagi (MIYAGI).
Dogecoin: Bumpy Ride Ahead
Dogecoin (DOGE) has been a big player in the crypto market for over a decade, but recent data from technical analysis indicator Bollinger has suggested that the coin could be facing a volatility explosion, which could either bring enormous rallies in price or a dismal rough patch of losses. By studying the bandwidth of the DOGE value Bollinger has concluded that despite the calmness of DOGE in recent months, its bandwidth has moved to the lowest it has been since February 2019 at 0.06, which suggests that the market is likely to exist a consolidation pattern and begin to move decidedly in either direction. This means that holders of DOGE may be about to see exhilarating gains or devastating losses, and some investors are hesitant to take that gamble.
DogeMiyagi: Smooth Sailing
DogeMiyagi (MIYAGI) is a new cryptocurrency that is inspired by the success of the original meme coin, Dogecoin (DOGE). MIYAGI is catching the attention of many investors as it is offering a very secure alternative to the upcoming volatility of DOGE. As MIYAGI is still in its presale stage, is it entirely unaffected by volatility within the crypto market, and will be far more stable up until its launch, where it can enter the market has already built a solid base of community supporters who have been drawn to this coin due to its stability and security.
Floki Inu: Hopes For The Future
Floki Inu (FLOKI) is also offering a more stable solution to those investors of Dogecoin (DOGE) who are not willing to stake their entire crypto portfolio on what essentially could be the flip of a coin. Due to FLOKI’s wide utility case and ardent community support, this currency offers a significantly more stable option than many other meme coins that can be subject to incredibly volatile trajectories, as DOGE seems to be. While FLOKI has not yet seen success in the way that DOGE has in the past, many members of the crypto community are pinning their hopes on this coin in the hope that it will boom in the future, as the tides are turning away from the cryptocurrencies of old to these newer meme coins and the innovation that they bring.
While high risk could bring high rewards, the possibility of heartbreaking loss in the crypto market can sometimes be too much to bear. For those willing to gamble their investments on Dogecoin (DOGE), the next few months could be, for better or for worse, a very exciting time. For those looking for more stable investments with the promise of future gains, meme coins like Floki Inu (FLOKI) and DogeMiyagi (MIYAGI) are more suitable investments that have their own unique appeal and are likely to see an equally exhilarating journey in the crypto market.