The world of cryptocurrency is full of meme coins, each trying to be the next big thing like Dogecoin, Shiba Inu or Pepe. But most of these coins are about dogs, cats, or frogs. While the market is flooded with dog, cat, and frog-themed coins, i found a one new entrant stands out for its distinctiveness and i do think this can be a next big meme coin if it catches some attention: The Donkey King, also known as 'Doky'. Donkey king (Doky) is a Solana meme coin. Here’s why I am bullish on Doky meme coins: Uniqueness: A Refreshing Idea The first thing that got me interested in this meme coin is it's different from other meme coins. Wif , Pepe and other meme coins that made it to the top had one thing in common and that is all of these came up with a different meme idea. A copy pasted idea doesn't really last long in my opinion. Donkeys are different and fun, making Doky stand out. People are always curious about new things, and a donkey coin is a fresh idea that can grab the attention.
Robust Community Size A strong, active community is the backbone of any successful meme coin. Doky boasts an impressive community size of over 160,000 members across various social media platforms. This large, dedicated group of supporters is crucial for the coin’s growth and longevity. These community members are not just passive holders; they are proactive and ready to push the coin's visibility and adoption. This kind of community-driven momentum is invaluable, as it often translates to viral marketing and organic growth, two critical factors for the success of any meme coin. Minimal Developer Involvement One of the most appealing aspects of Doky meme coin is the minimal involvement of developers in holding the coin’s supply. With most of the Doky supply held by the community and only 5% retained by the developer for project development, there's a reduced risk of large-scale sell-offs that can crash the coin’s value. This approach fosters trust and transparency, as the community knows that the developers are committed to the project’s growth rather than short-term gains.
Doky MarketCap and Price Chart As per CoinMarketCap data Doky is currently sitting at $1.27 Million marketcap.
If we compare it with the coins that made it to the top $1.2M marketcap is nothing. Pepe and Wif alone sitting at $6B and $3 billion marketcap. So the potential is huge if things start taking off and it takes no time for a meme coin. Most of you know that. Doky Price Chart
The Daily chart of Doky is pretty good, Price rebounding after a few days of downside which is absolutely normal for every Crypto currency. The major problem that meme coins face is most of them doesn't bounce back after a sell off most of the time the DEV sell it and leave or it doesn't get the community support. But looking at Doky price action, We can see the potential as the DEV is there and community support is there as well.
Donkey king (Doky) is $SOL based meme coin. Meme Coins have so much potential and can make you life changing money if you get into it early and have a right choice.
P.S : This is not a paid promotion or anything i shared my personal opinion on this meme coin. The information shared should not be taken as financial advice.
Trading nicely above the level i talked about it last time, Those who took this trade i think it's wise to place the stoploss at breakeven or close a portion to secure some profits.
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Follower's requested chart: $VANRY A nice looking chart, Price breakout above the daily consolidation zone.
As long as price holds above this breakout. More upside can be expected.
There is no better or less risky entry now, If you missed to catch this whole move, i don't think now it is the right time to chase it unless it goes into a consolidation or provide a pullback.
Nothing really changed on Weekly scale yet, Price is still trading within the same range. in my opinion it's just a no trade zone as there is no clear direction on LTF either.
What's the Difference Between Break Of Structure And Liquidity Sweep/ Fake out ?
I get asked this question a lot. So I thought to make a post on it and teach you the difference between a break structure and a liquidity sweep.
This will help you to identify false market structure shifts and to get on the right side of the trend.
A break of structure: (See the chart for example)
- Will usually be in the direction of the overall trend you are trading.
- It will break a structural point with clear momentum and continue to trade above or below that break depending on if the trend is bullish or bearish.
A liquidity sweep: ( See the chart for example )
- Will usually be in the opposite direction of the overall trend of the timeframe you're trading. - The sweep will break out of structure and then quickly trade back inside the structural point that was broken.
it can be just a wick and sometimes one candle closes above the structure and then drop back inside it.
I've been giving you continuous updates that Don't chase $BTC at this range high and can only hope you didn't .
The BTC chart isn't really that good to trade right now. Give it time, let it give you a clean trade setup.
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$BTC struggling to break above the range highs. As long as it doesn't breakout from here, i don't see a reason to be bullish at the key area on the chart.
This was one of the best tokens just two months ago. Today, 90% drop. Typical example of why altcoins are not investment tools. Trade them short term, use the pumps to offload.
Investing in alts long term is not a winning strategy. For me Altcoins are just short term trading tools, nothing more.
I have said it multiple times, do not marry with Any coins, These coins aren't loyal.
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