Leading meme coin Dogecoin (DOGE) is currently experiencing a new revival in popularity as its price has crossed the important threshold of $0.20. This latest resurgence has reignited speculative excitement in the cryptocurrency market surrounding Dogecoin and other meme-based cryptocurrencies.
User X, nicknamed Cold Blood Shiller, one of the well-known names in the cryptocurrency industry, presented a very specific process that he believes will happen next in his Dogecoin prediction. He predicted that Dogecoin would first rise to $1 and then rise to $4.20 with FOMO.
As of the time this news was written, Dogecoin, which has increased by nearly 20 percent in the last 24 hours, is hovering around $0.21. In addition to DOGE, which delights its investors, the new project inspired by it, Dogecoin20, continues to be in the spotlight of whales, even though its pre-sale tokens are rapidly sold out.
DOGE20 Pre-Sale Sold Out Quickly, But Final Stage Opened to New Investors
Dogecoin20 (DOGE20) managed to break the hard mark of $10 million, surpassing previous records in terms of meme coin pre-sales. Doegcoin20 completely sold out at an unprecedented rate. However, investors who want to buy Dogecoin20 tokens do not need to worry, because there is still an opportunity to obtain the token.
Dogecoin20 (DOGE20) is not the first meme coin vying to replace Dogecoin (DOGE) as the dominant meme, but it appears to be the first coin with a viable prospect. A significant part of this phenomenon is attributed to the project itself, and part of it is attributed to timing.
All coins are gone as the entire Dogecoin20 token purchase accelerates ahead of the planned Uniswap listing. The team offered one last chance for meme coin fans still interested in participating. The Dogecoin20 team has launched a limited “pre-sale” period where DOGE20 tokens are available for sale at a discounted price of $0.00022.
This phase will end on April 20, which is often referred to as “Doge Day” in the cryptocurrency community. On that day, DOGE20 investors will have the opportunity to redeem the tokens and the exchange listing will take place.
Pre-Sale Craze for DOGE20
Meme coin investors are also following the promising Dogecoin20 very closely. Billing itself as an “upgrade” to the original DOGE, Dogecoin20 is generating plenty of excitement ahead of its highly anticipated launch.
One of the most important features that excites investors is DOGE20’s high staking return, estimated at 85 percent annually. This excitement seems all too real as more than 32.7 billion DOGE20 tokens have already been staked by pre-sale buyers looking to lock in these returns.
A significant portion of early adopters regarding the token’s listing on Uniswap believe that it is strategically positioned to experience a price increase. That’s because Dogecoin20 integrates Dogecoin’s beloved mascot with cutting-edge tokenomics to create lasting owner engagement.
Allocation of 10 percent of the fixed 140 billion token supply to Uniswap liquidity has the potential to facilitate price dynamics resulting in long-term upward movement. At the same time, DOGE20’s staking rewards program, which distributes returns over two years, provides further incentives for holders. For this reason, the number of people who want to buy Dogecoin20 tokens is increasing in the project, which has an incredible pre-sale.
Additionally, the development team openly reports that meme coin success is as much about social media influence as fundamentals, with 25 percent of the token supply reserved for aggressive marketing initiatives.
DOGE20 Attracts Investors with PoS
As it is known, Dogecoin is the first meme-based cryptocurrency. Originally conceived as a joke, the project quickly gained a significant online fan base and emerged as a respected figure among the cryptocurrency community. Since its inception, it has become a consistent participant among the top 10 tokens in the cryptocurrency market. Paradoxically, the volatility in the meme coin market last year actually had a negative impact on the coin.
New startup Dogecoin20 focuses on the comparison between proof-of-stake and proof-of-work. Proof-of-stake appears to be a more viable choice for the future for two main reasons. Firstly, it is a significantly more environmentally friendly approach. This is becoming increasingly important in the field of cryptocurrency because PoS is now attracting more attention in the market.
Dogecoin, as it is known to many, consumes an annual amount of electricity equivalent to the whole of Malta. This is remarkable from a meme coin perspective but seems unfeasible in the long run. In contrast, since the newly released Dogecoin20 is built on the Ethereum platform, it consumes much less energy in each transaction than its rival.
Another important advantage that PoS has over PoW is the staking component. Readers interested in the meme coin market have observed a significant increase in the number of new projects incorporating staking into their platforms over the last 6 months. This seems like a smart decision as it increases functionality and provides benefits for both the project and the investor.
Disclaimer: This is a sponsored content and press release and what is written here cryptokoin.com It does not reflect the views of the team. High risk of loss should be taken into consideration in leveraged transactions and cryptocurrency investments, and extensive research should be done before investing in any platform.
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