Dogecoin ($DOGE) is having a rollicking September. The biggest meme coin in the world is up a whopping 32% this month so far.
Many believe this is just the trailer, as DOGE is simply showing what’s to come ahead of a potential full-blown altcoin season.
Dogecoin’s current rally is coming from a major technical breakout. The token crept up above a descending triangle pattern on September 7, and has since then coughed up a one-sided move.
Interestingly, $DOGE is rallying despite a delay in the launch of a DOGE ETF.
According to a September 8 US Securities and Exchange Commission (SEC) filing, the Rex-Osprey DOGE ETF (DOJE) was expected to list on Friday.
However, it has now been pushed to next week, according to Bloomberg’s senior ETF analyst Eric Balchunas.
Read on as we unpack Dogecoin’s potential, the factors pushing it, and how you can make the most of this upcoming rally by buying Maxi Doge ($MAXI) – a Dogecoin-inspired meme coin currently in presale.
ETF Expectations & Institutional Purchases Pushing DOGE
The launch of the Rex-Osprey DOGE ETF might have been postponed, but it’s still approved and will hit the markets in a few days’ time.
To the uninitiated, a DOGE ETF would essentially increase the token’s demand – because it would boost retail participation by offering seamless exposure through traditional brokerage accounts.
That said, Balchunas noted that the effect of DOGE ETFs (he expects 4-5 of them to launch in October or November) wouldn’t be as significant as, say, Bitcoin ETFs.
That’s because in the case of Bitcoin, there were a lot of retail investors who couldn’t interact with crypto directly.
That number, however, is a lot less with DOGE. Balchunas believes folks interested in DOGE, which is relatively more niche than Bitcoin, might already have crypto wallets set up.
The amount of effect aside, the bottom line remains that DOGE ETFs will undoubtedly be positive for the token.
On top of that, institutional players have been stacking up DOGE at record pace.
- Just last week, CleanCore Solutions bought $130M worth of DOGE, reaching half of its $1B Dogecoin treasury target.
- Moreover, Thumzup, which is a Trump family-linked media corporation, recently announced plans to acquire 3,500 Dogecoin mining rigs.
All in all, the world’s first meme coin is all set to churn out some mind-boggling returns in the coming months.
Want to make the most of it? Consider loading up on a low-cap Doge-based meme coin like Maxi Doge ($MAXI).
Understanding Maxi Doge’s Unique Appeal
What is Maxi Doge? On paper, it’s another dog-themed new meme coin aiming to become the next big breakout winner.
But that’s putting it too simply. Think of Maxi as a beefed-up, angrier, and more determined version of the OG Dogecoin, who actually happens to be Maxi’s cousin.
Growing up, Doge hogged all the limelight, leaving Maxi lonely, depressed, and questioning his existence.
However, unlike other meme coins that bow down to Dogecoin’s ‘greatness,’ Maxi decided to challenge it.
Thanks to this unhinged philosophy, crypto degens have flocked Maxi Doge’s presale, which has already gathered a massive $2.1M.
Each token is currently priced at just $0.000257, and here’s our step-by-step guide on how to buy $MAXI.
$MAXI’s Masterplan to Overtake Dogecoin
Probably the only way Maxi Doge has a shot at overthrowing Dogecoin as the best meme coin on the planet is to go insanely viral.
To do exactly that, Maxi’s developers have reserved a whopping 40% of the total token supply for marketing.
This will include influencer collaborations, PR campaigns, and social media blitzes, as well as holder-only events like weekly trading competitions and leaderboard prizes.
Beyond simple virality, $MAXI also plans to provide degen meme coin traders the perfect opportunity to eye eight-figure returns.
How? By aiming for a futures listing. Doing so would allow $MAXI traders to take huge leveraged positions, which would increase their buying power and, therefore, potential profits.
Buy $MAXI While It’s Still in Presale
It’s important to understand why you shouldn’t delay your Maxi Doge purchase.
You see, meme coins like Dogecoin and Maxi Doge move in huge impulses rather than slowly and steadily like traditional instruments, such as stocks and commodities.
That’s why getting involved is crucial. Because waiting for $MAXI to list on exchanges could mean losing out on thousands of percentage worth of gains.
As mentioned earlier, the project is currently in presale, which is why it’s available for a super-low price of $0.000257 per token.
Visit Maxi Doge’s official website to learn more about its unique mission, roadmap, and tokenomics.
Disclaimer: None of the above constitutes financial advice. Crypto is highly risky, and you must only invest after doing your own research.
Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/etf-hype-institutional-buying-fuel-doge-rally-how-maxi-doge-ride-wave
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