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The meme coin market faced significant selling pressure this week following a higher-than-expected inflation footprint from the latest U.S. Producer Price Index (PPI) report. In the last 24 hours, meme tokens as a whole slumped by 7%, bringing the total market cap to $77.2 billion.
Dogecoin (DOGE) and Shiba Inu (SHIB), two of the market’s biggest meme coins, both fell by more than 8% in the past 24 hours, bearing the brunt of the bearish forces. Furthermore, investors remain cautious about buying the DOGE and SHIB price dip, as more sell-offs could continue.
However, not all meme coins are feeling the pressure. Maxi Doge (MAXI), a brand-new meme token presale, is heating up and has now raised over $1 million through its presale. The Doge-inspired cryptocurrency brings a lot to the table: huge viral potential, community events, and an extreme degen trading identity.
While DOGE and SHIB lick their wounds, Maxi Doge has just begun and aims to pump its way to the top. Could it be a low-cap meme coin alternative with 100x potential? Let’s find out.
Maxi Doge Presale Closes In on $1M: Here’s Why Investors Buy It
Maxi Doge is a trending crypto project featuring a muscular Doge mascot that embodies “Perma 1,000x leverage edge.” It’s creating a cult-like movement, promoting ultimate bodybuilding strength and nonstop high-leverage trading. The presale launched just two weeks ago, and it is already close to the $1 million mark.
Despite market ups and downs, the crypto community understands that Doge-themed tokens are here to stay. As the “final form” of the Shiba meme family tree, Maxi Doge is designed to surpass its canine counterparts, leveraging the legendary Doge brand with an eye-catching new look.
Beyond hype, Maxi Doge offers critical community-driving utility with its native token, MAXI. Token holders get access to trading leaderboard competitions and partner events, which help increase engagement and viral potential.
Additionally, MAXI holders can stake their tokens to earn staking rewards of up to 290% APY. So far, over 2.5 billion MAXI tokens have been staked.
DOGE and SHIB Can’t Keep Momentum – Is MAXI a Low-Cap Alternative?
Dogecoin and Shiba Inu remain the most prominent names in the meme coin market, with live market caps of $34 billion and $7.6 billion, respectively. However, these two cryptocurrencies have struggled to maintain consistent highs.
DOGE’s all-time high price of $0.7316 was over 4 years ago, and the token is down by over 68% from its peak. Meanwhile, SHIB is down by nearly 90% from its all-time high, which it achieved way back in October 2021.
Even when Dogecoin and Shiba Inu surged in previous memecoin cycles, neither of them even came close to their peak prices. This is mainly because both meme coins have market valuations in the billions of dollars, and they aren’t likely to provide the same returns as micro-cap tokens that can experience significant growth.
Projects like Maxi Doge have fresh brand identities and high upside potential, especially while they’re still in their presale stages. MAXI hasn’t even gone public yet, so it could quickly pick up steam when it goes live on major exchanges.
How to Buy Maxi Doge Before the Presale Ends
To buy MAXI during the presale, visit the official Maxi Doge presale page and connect a decentralized wallet like MetaMask or Trust Wallet. The platform accepts payments in ETH, BNB, USDT, USDC, or bank cards.
After entering the amount of MAXI tokens you wish to purchase, approve the transaction on your wallet. You can also choose to immediately stake your MAXI purchase to earn over 290% dynamic APY rewards.
As DOGE and SHIB continue to slump, investors are eyeing early-stage crypto opportunities that could offer significantly high returns compared to large-cap projects.
Priced at just $0.00252 per token, MAXI provides a chance to secure a Doge-themed meme coin that’s showing no signs of slowing down.
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