Dogecoin Faces Selling Pressure as Nexchain Presale Surges Past $3.7M, Signaling Trader Rotation into AI Blockchain Projects
Dogecoin (DOGE) is under renewed selling pressure in a volatile crypto market, having dropped 14% last week and struggling to regain the $0.20 level as trading volumes remain low. This signals short-term weakness and prompts concerns among traders. Meanwhile, capital is shifting into emerging blockchain projects, notably the AI-driven Layer-1 network Nexchain, whose presale has exceeded $3.7 million and entered its 16th stage at $0.062 per token. Nexchain distinguishes itself with AI-powered infrastructure, gas fee rewards for token holders, and broad interoperability with major blockchains like Ethereum, BNB Chain, Polygon, and Solana. Crypto traders are showing increasing interest in early-stage protocols that offer real utility and long-term growth potential, demonstrating a broader trend of rotating out of meme coins such as DOGE and into growth-oriented, AI-enhanced DeFi projects like Nexchain. This evolving market dynamic may position Nexchain as a significant contender within the altcoin landscape for 2025.
Bearish
Dogecoin’s 14% decline, inability to reclaim key price levels, and low trading volumes indicate continued short-term weakness and a lack of strong buying interest. The rotation of funds from DOGE into emerging projects like Nexchain that promise real utility and growth potential reflects waning trader confidence in meme tokens and strengthens the bearish outlook on DOGE for now. Nexchain’s strong presale momentum and differentiated value proposition heighten comparative selling pressure on Dogecoin.