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.
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.
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.
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.
All in all, the world’s first meme coin is all set to churn out some mind-boggling returns in the coming months.
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.
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.
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.
Disclaimer: None of the above constitutes financial advice. Crypto is highly risky, and you must only invest after doing your own research.
