Dogecoin News Today: Elon Musk Shifts Focus from Dogecoin to XYZVerse, Hyperliquid, and Pi Network as Analysts Highlight 1,000x Return Potential

Elon Musk, a key figure in cryptocurrency discussions, appears to have shifted his focus from Dogecoin to three emerging tokens, sparking speculation about his potential investment strategy. While the billionaire entrepreneur remains a vocal advocate for meme-based projects, recent activity suggests he might be accumulating lesser-known assets with long-term growth potential. Among these, XYZVerse ($XYZ), Hyperliquid (HYPE), and Pi Network (PI) stand out, each presenting distinct characteristics and market dynamics.

XYZVerse, a sports-themed memecoin, has garnered attention for its unique blend of gamification and web3 innovation. Unlike traditional meme coins, it offers tangible utility through partnerships with on-chain sports betting platforms and plans for community-driven rewards. The token’s presale phase has already seen a surge in demand, with its price climbing from $0.0001 to $0.005 as of the latest update. Analysts note that the presale’s projected $0.02 price point could lead to a 1,000x return if the project secures sufficient market capitalization and achieves its $0.10 listing target [1].

Hyperliquid (HYPE) has demonstrated robust short-term performance, with a 100.49% increase in the past six months and a 21.76% rise in the last month. However, its recent 3.07% weekly decline signals a possible correction in an otherwise bullish trend. Technical indicators, including a Relative Strength Index of 59.65 and a Stochastic reading of 70.39, suggest the token is nearing overbought territory. Traders are closely monitoring the $50.81 resistance level, with a break above this threshold potentially driving the price toward $57.44 [1].

In contrast, Pi Network (PI) faces a more challenging trajectory. Over the past six months, its price has declined by 36.23%, with a 21.74% drop in the last month despite a minor 0.0448% weekly gain. While technical indicators like the Stochastic oscillator (19.91) hint at potential oversold conditions, the token remains below key resistance levels. A move above $0.55 could reignite interest, but sustained momentum will require overcoming bearish pressures [1].

The divergence in these tokens’ performances underscores the volatility inherent in the cryptocurrency market. XYZVerse’s community-driven model and strategic partnerships position it as a potential outlier in a sector often dominated by speculative assets. Meanwhile, HYPE’s technical strength contrasts with PI’s persistent downward trend, highlighting the importance of both fundamental and technical analysis in assessing investment potential.

As the market evolves, investors are advised to approach these tokens with caution, recognizing that projections—such as XYZ’s anticipated 1,000x return—remain speculative and contingent on broader market conditions. The focus on underdog assets reflects a growing trend among crypto enthusiasts to back projects with innovative use cases and clear roadmaps, rather than relying solely on celebrity endorsements.

Source: [1] Elon’s Not Betting on DOGE This Time—Here Are 3 Underdog Tokens He Could Be Accumulating (https://coinmarketcap.com/community/articles/6888b8befcf70e06a29bd402/)