DODO is a decentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to provide better liquidity and price stability than automated market makers (AMMs).
🧱 Fundamentally:
The DODO smart contract operates as an ERC20 token on the Ethereum network. DODO also caters to new crypto projects with free ICO listings through its Initial DODO Offering (IDO), which requires issuers to deposit only their own tokens.
💎 The issue of the DODO token is limited to 1 billion coins.
At the moment, 61% of the coins are already in circulation.
🛠️ What about technical analysis?
The coin has been trading sideways since April 2022. The coin is currently in the “accumulation” stage. Throughout this period, the volumes of the coin have been growing. A Bullish Wedge pattern has been formed locally. Below there is strong support in the form of long-term moving averages and the profile volume level. If BTC goes below $35-40k, then this coin can drop significantly by up to 40%. Therefore, it is worth entering 1-2% of the portfolio and it is advisable to have up to 2% in case of averaging.
💼 Buying DODO for your average daily portfolio.
🔎 Ticker: $DODO
✳️ Entry price: $0.16
🛡 Stop loss: it is better to take a deal without a stop in investment.
💼 Volume per transaction: up to 1-2% of the crypto portfolio.
🎯 Goals: $0.26; $0.81; $2.38
📈 Transaction growth potential: up to 1180%
The medium-term will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
