Dogecoin investors have made enormous wealth with the latest rally but are looking for alternatives as the altcoin entered price correction.
Many DOGE whales have been accumulating the new altcoin PropiChain (PCHAIN), hoping to capitalize on the predicted 45,000% returns. Let’s examine this new DOGE rival to understand the reasons for its tremendous potential.
Will Dogecoin (DOGE) Regain Momentum?
After the recent rally, Dogecoin has entered a range-bound price action. It has been moving between the $0.35179 and $0.43812 price levels. The Dogecoin price has traded sideways in this tight range for over two weeks.
Dogecoin trades at $0.4296 after a 0.6% drop in the last 24 hours. The daily trading volume has also declined significantly by over 24%. With this price correction, the RSI has dropped out of the overbought region and now is at 69.
Two days ago, Dogecoin bounced from its 10-day SMA and gained over 6%. DOGE has immediate support at $0.39794 and another at $0.36383. If the price breaks above the immediate resistance, Dogecoin may regain demand and go on another rally.
PropiChain (PCHAIN): Emerging Altcoin Challenges DOGE
PropiChain is transforming the real estate sector with its innovative platform that hosts blockchain, AI, and the Metaverse. It uses these technologies to solve issues arising from outdated methods, such as high transaction costs, fraud risks, and heavy reliance on intermediaries.
The platform allows users to trade real estate on a decentralized ledger, as PropiChain has brought all properties to the blockchain. It divides every property into small parts and assigns tokens to these. Thus, the tokens represent a part of a property, and the holder has fractional ownership.
This fractional model has many advantages, such as high liquidity and more opportunities for diversification. Users also benefit from improved accessibility, as they can pool their capital to collectively purchase reserved properties usually out of reach for the ordinary person in the traditional market.
Users can also assess their dream real estate before investing from the comfort of their couch. PropiChain uses the Metaverse to provide this facility to its users. The Metaverse generates virtual 3D rendering of all real estate to offer an immersive experience to investors, allowing them to feel the property without leaving home.
Another edge PropiChain users have over conventional investors is access to the platform’s advanced AI features. AI chatbots and virtual assistants are available 24/7 to solve user queries and assist them through the transaction process.
AI assistants also help users understand legal requirements and complex paperwork. Thus, users can quickly complete their property investments without hiring expensive lawyers or agents, saving time and money.
Moreover, PropiChain offers automated transactions using the AI. Investors can input the specific valuation at which they want to purchase a particular piece of real estate. The AI then tracks the property, and when it hits the specified valuation, it automatically executes the order and stores the details on the blockchain.
Users can also automate the leasing process using the platform’s smart contracts. The smart contracts create lease agreements without manual paperwork and automatically trigger the deal when both parties sign and the tenant transfers the funds.
Furthermore, when the lease nears expiry, the smart contracts notify both parties and if they agree, they create a new legally binding document without additional paperwork. The smart contracts maintain transparency and security by storing these agreements on the immutable and public blockchain.
PropiChain’s native token is the altcoin PCHAIN, which is currently in presale. Let’s understand why the Dogecoin whales have confidence in this new altcoin.
Why DOGE Whales Prefer The New Altcoin PCHAIN?
The Dogecoin price has been consolidated for the past few weeks. It is taking support from the 10-day SMA line and shows signs of continuing the upward movement.
If Dogecoin surges again, it may encounter some rejection near the $0.52 and $0.56 price levels. These two levels are the most significant resistances to DOGE’s ATH at $0.7376. Thus, DOGE can provide investors with up to 80% returns by reaching its ATH.
However, the Dogecoin whales have picked the new altcoin PCHAIN as early participation in this presale offers far more returns.
PCHAIN is in the first presale stage and is available for $0.004 per token. This is the lowest price to acquire PCHAIN as the altcoin will surge throughout the presale stages, reaching $0.011 in the second and $0.023 in the third stage before the launch at $0.032.
So, stage one holders can increase their initial investment from $500 to $1,375 by the next stage and $4,000 by the end of the presale. Experts suggest holding the altcoin after the presale, as they predict PCHAIN will generate up to 45,000% returns with the next bull run.
Conclusion
Dogecoin Whales are investing in the new altcoin PropiChain (PCHAIN) since DOGE has slowed after the rally.
PropiChain has created an efficient and secure real estate trading platform incorporating blockchain, AI, and the Metaverse. It offers users an advantage over conventional investors, helping them make better investments and generate more returns.
Recently, BlockAudit conducted rigorous testing for the platform. The audit showed zero security vulnerabilities and complete regulatory compliance, guaranteeing PropiChain’s safety and integrity.
Moreover, PCHAIN has been listed on CoinMarketCap in the presale phase due to the team’s dedication to reaching milestones early. The CMC listing has significantly boosted presale participation. Thus, early investors can expect to generate quicker returns.
Stage one PCHAIN holders will get an 800% return by the launch time, and experts suggest that obtaining PCHAIN at the lowest price can provide up to 45,000% gains with the next rally.
For more information about the PropiChain (PCHAIN) Presale:
Website: https://propichain.finance
