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Recently, the trend of DOGE ($DOGE) has been consistent with other mainstream cryptocurrencies. From the current market situation, the MACD indicator on the one-hour chart shows a bottom divergence, and the DIF and DEA lines have formed a golden cross pattern. Although the index is still negative, this indicates that the bearish strength has tended to deplete, and the market may see a rebound. The Bollinger Bands are about to touch the middle band, which is a technical signal worth noting. Additionally, the support level around $0.220 is showing considerable strength. For day traders, it may be worth considering building long positions at the lows to capture potential rebound opportunities. Investors who already hold DOGE can remain patient and continue to hold. The cryptocurrency market is known for its high risks and high returns. However, it is crucial to carefully analyze market trends and technical indicators before taking any investment actions. Blindly following market sentiment can lead to significant financial losses. It is worth noting that the U.S. Producer Price Index (PPI) year-on-year for July recently exceeded expectations, which may have a certain impact on the encryption currency market. At the same time, Binance Coin (BNB) and Bitcoin (BTC) both hit new highs, indicating signs of overall market strength. For investors looking for other potential investment opportunities, they can pay attention to the performance of tokens such as SKL, JUV, MEME, SUN, and KAIA. However, it is important to remember that thorough research and cautious decision-making are always wise choices in the encryption market.

Top 100 24h Gainers 🚀 RAY $3.83 +5.04% ADA $0.9082 +4.63% KAIA $0.1580 +3.06% KCS $12.88 +2.78% LEO $9.29 +0.54% #Gate Releases August Reserves Report# Top 100 24h Losers 🔻 SPX $1.55 -11.44% WIF $0.9200 -10.90% OP $0.7620 -10.57% VIRTUAL $1.21 -10.37% PENGU $0.0331 -10.13%

Kaia Public Chain: Can the stablecoin project propel it into a new phase? Recently, the Kaia public chain has become one of the hotspots in the crypto market due to the strong performance of its token price. Since its official launch in August 2024, Kaia has been committed to improving technical performance and perfecting its ecosystem. Recently, its actions in the stablecoin and payment fields have sparked widespread discussion among industry investors. Senior foundation officials stated, "Kaia's stablecoin summer is coming soon," which suggests that its fiat-backed token plan may be about to be implemented. With the new government coming to power, supporting the issuance of stablecoins pegged to the Korean won has become a new policy direction for South Korea. The Kaia team seizes this opportunity to announce collaborations with several well-known technology companies, planning to launch a Korean won stablecoin. Following this announcement, the stock prices of related companies surged, and the price of Kaia tokens skyrocketed from around $0.10 to a peak of $0.17, reflecting the market's enthusiasm for local stablecoins in South Korea.

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Kaia public chain steps into a new era of stablecoins Recently, the Kaia public chain has become the focus of the cryptocurrency market due to its strong token growth. Since its launch in August 2024, Kaia has been continuously making efforts in technical performance and ecological construction. Recently, its actions in stablecoin and payment scenarios have sparked heated discussions among industry investors. Senior officials of the foundation stated, "The summer of Kaia's stablecoin is coming soon," indicating that its fiat-backed coin plan will enter the implementation stage. With the new South Korean government's support for the issuance policy of stablecoins pegged to the Korean won, the Kaia team announced that it will collaborate with multiple super apps to launch a Korean won stablecoin. This news has triggered a strong market reaction, with related concept stocks soaring in price, and the Kaia token rising from nearly $0.10 to a peak of $0.17, demonstrating the market's high expectations for the prospects of local stablecoin projects in South Korea. Borrowing the favorable policies, the Kaia stablecoin project has been launched.