The month of March 2024 has been exceedingly profitable for Dogecoin (DOGE), the original memecoin. As the oldest and largest memecoin, DOGE boasts a market capitalization of over $31 billion. A significant portion of that market cap was added over the past few weeks, thanks to an overall positive sentiment in the broader cryptocurrency market. 

However, after enjoying Dogecoin’s recent rally, DOGE investors have set their eyes on a new altcoin to invest in. NFT Finance (NFTFN), a pioneer in the web3 fintech space, has caught the attention of crypto traders and investors, including those holding DOGE. 

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Investors Dumping DOGE?

Latest market data and investment trends show that the daily trading volume of Dogecoin has declined $3 billion between 6 March and 28 March. The declining trading volume is indicative of a shift in investor preferences, quite possibly in favor of NFTFN.  

It’s possible that DOGE investors are cashing out their gains from the recent rally and reinvesting it in other altcoins that offer higher growth potential. When compared to NFTFN, Dogecoin loses out in terms of real-world utility and vulnerability for manipulation. 

DOGE Investors Pick NFTFN

One cannot deny the niche that Dogecoin has carved for itself in the crypto market since its inception in 2013. However, all the meme induced popularity and celebrity endorsements are rendered ineffective when compared to promising altcoins like NFTFN, which bring real-world utility to the table. 

DOGE has previously faced criticism due to lack of utility, its infinite supply, inherent volatility, and scope for manipulation by crypto influencers and other celebrities. Dogecoin investors are starting to look beyond the memecoin’s hype, and eyeing NFTFN, which offers sustainable long term growth. 

Bull Case for NFTFN

With sound fundamentals and unique selling propositions, NFTFN has emerged as an altcoin with huge potential. The project aims to democratic the NFT space by removing expensive entry barriers and providing risk management tools to users. With its innovative trading platform, NFTFN enables users to interact with premium NFT collections like BAYC and MAYC, without having to own the NFTs. 

NFTFN is currently in stage 1 of its presale, with investors and traders clamoring to buy this token at a lucrative price of $0.025 (supply limited to 1 billion tokens). NFTFN has raised over $500,000 from an impressive list of investors that includes Polygon, Alpha Wave Global, Sigurd Ventures, etc. NFTFN also boasts partnerships with Binance Smart Chain, OpenSea, Google Cloud, etc.  

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