Crypto majors and top meme tokens are consolidating the week’s strong gains as the bulls strive for more gains in the ensuing sessions. While most of them trade within a tight range, fresh projects like CartelFi have maintained an upward momentum.
CartelFi, a new Defi platform, is going viral by solving an inefficiency that meme lovers have been grappling with for years. Between price rallies, the tokens lie idle. This means that for one to earn yields, they have to sell the more volatile assets like DOGE and opt for stablecoins.
CartelFi, a new entrant in the DeFi landscape, is solving this issue by bringing yield farming to reality. Investors can now rake in hefty passive income from their meme tokens without still enjoying 100% price exposure.
Dogecoin faces key hurdle on its path to a 7-week high
This week’s cryptocurrency recovery has seen Dogecoin price break past a crucial resistance zone of $0.1700. However, as the meme coin trades within a tight range, bulls need to gather enough momentum to break the resistance at $0.1900 if they are to sustain the uptrend.
In the near term, the range between $0.1609 and $0.1918 will be worth watching. If successful at moving past that range, Dogecoin price will have a chance to retest its 7-week high at $0.2062.
CartelFi: The DeFi project transforming meme tokens into cash cows
CartelFi, a new entrant in the meme crypto space, is capturing the attention of crypto enthusiasts by offering them an opportunity to earn from their meme tokens without selling them. So attractive is this model that it raised over $500,000 in the first 24 hours of its presale. Less than three weeks in, that figure has surged to over $1.1 million.
Instead of having the preferred meme coins lying idle, investors get to rake in passive income of up to 10,000% APY by single-staking the tokens. At the same time, they still get 100% price exposure; meaning that they do not lose out on the asset’s upside potential.
The project has also introduced the concept of programmed scarcity to ensure that the token maintains an upward momentum. More specifically, up to 100% of the platform fees are used in buying and burning CartelFi tokens.
Based on its one-of-a-kind infrastructure, CarteFi stands out as a sustainable investment…