Dogwifhat (WIF), which attracted attention with its rise, increased by more than 40 percent compared to the previous week, which was after a post made by billionaire Elon Musk, owner of X (formerly Twitter).
Musk shared a photo depicting three dogs, each adorned with a hat, referencing St. Patrick’s Day. This feature is similar to the “Hat Dog” depiction described by Dogwifhat. This has galvanized crypto enthusiasts who know Musk’s style.
Recently, the billionaire’s posts have led to significant rallies for meme coins. So it’s no surprise that Dogwifhat also experienced significant growth following Musk’s post. A new coin that has come to share the rise of dog-themed coins is currently attracting attention.
Pre-sale is making great progress thanks to Dogecoin-inspired Dogecoin20 token purchases.
Dogecoin20 Token Breaks a Record with the Funds Raised in a Short Time
Meme coins continue to be a major topic of discussion in the cryptocurrency industry, as evidenced by Dogecoin20’s (DOGE20) token presale event, which raised over $2 million.
The growing interest of individual investors in this dog-themed project is attributed to DOGE20’s unique mix of meme culture and staking rewards. This seems to increase the desire to purchase Dogecoin20 tokens.
The pre-sale for Dogecoin20 has surpassed $2 million in less than a week, demonstrating the continued popularity of the meme coin.
The project’s emphasis on passive incentives attracted investors who began accumulating DOGE20 tokens before the discounted pre-sale period ended.
Currently, the Dogecoin20 team is offering a modest starting price of $0.000164 per token.
However, this discounted rate is only available for a limited time. The pre-sale uses an innovative pricing mechanism where the price of DOGE20 gradually increases as certain capital raising goals are met, ensuring early buyers get the most affordable prices.
The aim of the Dogecoin20 project is an anti-inflationary mechanism. Their goal is to provide a viable and environmentally friendly alternative to DOGE, supported by the distribution of staking incentives in the form of DOGE20 tokens.
Dogecoin20 Community Expands
Dogecoin20 has already garnered a significant number of followers across various social media platforms, indicating strong initial demand. Increased interest is expected given the low cost of entry for DOGE20 and the planned launch of Uniswap once the pre-sale ends.
Listing on Uniswap, the world’s largest decentralized exchange (DEX) with over $2 billion in daily trading volume, is a remarkable achievement for any cryptocurrency firm in its early stages. Demand for Dogecoin20 token purchases is triggered by competitive staking payouts.
Dogecoin20’s goal is to leverage the significant cultural significance and meme legacy associated with the original Dogecoin (DOGE). However, the concept is being improved by the introduction of a staking protocol that enables the generation of passive income.
With the motto “Only Do Good Every Day”, Dogecoin20 extends the legacy of the DOGE family by not only embracing the philanthropic spirit but also introducing the concept of passive rewards in the crypto world.
The process is very simple. Investors purchase and lock DOGE20 tokens, which can be used through Dogecoin20’s smart contracts on the Ethereum network.
More than 7.6 Billion Dogecoin20 Tokens Have Been Stake
As stated in Dogecoin20’s white paper, 15 percent of the total supply of 140 billion units was allocated specifically for staking rewards. This significant allocation has already resulted in a 365 percent annual rate of return (APY) expectation for early investors.
During the ongoing pre-sale period, more than 7.6 billion DOGE20 tokens have already been staked. Coinsult, a blockchain security organization, conducted a comprehensive audit of Dogecoin20’s smart contracts. Thus, increasing confidence in the integration of meme culture and the usefulness of staking.
Dogecoin20 is Poised to Become the Next Major Player in the Market
Despite the initial success of Dogecoin20’s presale, the team is not complacent. The project has a comprehensive roadmap aimed at encouraging continued expansion.
Notably, 10 percent of DOGE20’s supply, equivalent to 14 billion tokens, has been allocated to guarantee sufficient liquidity on Uniswap after launch. Providing significant liquidity plays an important role in encouraging Dogecoin20’s entry into the meme coin market.
The crazy demand for meme coins shows no signs of abating in the foreseeable future. Dogecoin20 aims to capitalize on demand by integrating blockchain functionality into internet culture, as long as it can maintain or expand existing investor interest.
How to Buy Dogecoin20?
Because it is built on the Ethereum network, DOGE20 tokens have inherent flexibility. To obtain DOGE20 tokens at the most affordable pre-sale price, it is necessary to have a decentralized wallet holding ETH, BNB or USDT. Alternatively, purchases can be made in fiat currency using a credit or debit card.
Being an ERC-20 token, Dogecoin20 is compatible with all Ethereum-based wallets and platforms. This makes purchasing, storing and trading tokens easier for novice investors.
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.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!