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The last couple of days weren't the best for Dogecoin as the world's most beloved meme coin drops by 5% and still struggles to break the $0.1 resistance.
And, while this drop isn't disastrous by any means, seasoned industry analysts are concerned with some pressing news.
Not only does Elon Musk continue to ignore his once most supported token, but there's been a lot of worrisome whale activity – large sums of DOGE have been moved in the past couple of weeks.
While some think there's still hope, other analysts say that DOGE is dead for the time being and that we should focus on presale tokens like Fight Out (FGHT), C+Charge (CCHG), and RobotEra (TARO).
A lot of Dogecoin investors were worried this week due to large amounts of DOGE being moved around by whales.
For example, on February 19th, one whale moved 31,158,390 DOGE (worth over $2.6M) from a few different addresses to a single crypto wallet.
And while this quantity hasn't been moved since, other transfers indicate that there is reason to believe many investors are getting prepped for a selloff.
On February 20th, over 2.4M worth of DOGE has been moved to an unknown wallet, another piece of news that investors didn't take lightly.
And the most alarming information was when 60,000,000 (5.3M) DOGE was transferred from a Top-20 wallet to an unknown address, also on February 19th.
Is there a reason to worry? Experts believe so.
This kind of movement is typically followed by a selloff from huge investors and DOGE's technical indicators aren't showing any reassuring signs either.
Furthermore, while it followed in the footsteps of the rest of the market, Dogecoin wasn't able to seize the momentum to break the $0.1 resistance and maintain it.
We've seen some solid returns when Elon Musk posted a series of Tweets featuring a Shiba Inu dog as the new CEO of Twitter, but nothing massive.
In fact, Floki Inu is the crypto that profited the most from these tweets, as Elon indirectly suggested that the CEO's name is Floki.
Considering everything that's currently going on with Dogecoin, there isn't much to be excited about. The only big price catalyst would be a direct statement from Elon that Twitter will start accepting DOGE payments.
Until that happens, it's much better to invest in the following DOGE alternatives.
Fight Out is currently looking like the most profitable investment in the crypto space due to its massive Move-to-Earn revolution.
It works as an M2E crypto ecosystem and it leverages Web3, NFTs, blockchain, and P2E elements to provide the most immersive experience for fitness enthusiasts.
Users that join the platform will receive training regimes tailored to their body type and needs, and these programs will be created by the world's leading coaches and trainers.
During the progress to your dream body, you'll have a soulbound NFT that will reflect the changes in your body.
This token could easily bring 30-50x gains in the upcoming weeks and you should join the presale right now if you plan on taking advantage of these profits.
C+Charge is an eco-friendly blockchain platform that functions as a crypto P2P payment system.
In short, EV drivers will benefit the most from using it since the platform will reward them with carbon credits and CCHG tokens each time they charge their vehicles at pre-determined stations.
To find these stations and see which ones are the nearest to them, EV owners can use the C+Charge mobile app that will be released in the following months, when the platform goes viral.
Because of C+Charge's plan to democratize the entire carbon credit market, a lot of eco-organizations are calling it the "best green crypto of 2023".
If you want to join the booming green industry and count profits from CCHG, now is the best time to join the live presale.
RobotEra is a new P2E crypto gaming platform based on a futuristic Metaverse with a ton of exciting features and concepts.
With seven continents and hundreds of users, players can enjoy their time in the Metaverse, explore the possibilities, and network with others.
They can also monetize their activities by getting into land trading, creating buildings, completing tasks, or flipping robot NFTs.
This crypto game has amassed a huge audience already and many analysts believe it will skyrocket when the presale ends.
Binance Coin (BNB) has been one of the top performers during the early 2023 bullish run and is successfully maintaining its $300 threshold.
With Binance forecasted to grow exponentially during the next few months and establish itself as the undeniable leader in the crypto exchange space, BNB is worth keeping an eye on.
Things aren't looking good for Dogecoin.
Worrisome whale activity, failure to deliver on certain features that were promised, lack of Elon's support… it's not a good crypto to invest in right now.
If you're looking for tokens that show the most potential to bring 50x gains your way, you should focus on Fight Out (FGHT), C+Charge (CCHG), and RobotEra (TARO).
Not only are the community and media backing them, but they have a set of incredible features to bring to the table.
