Meme coins have emerged as unlikely heroes in the rapidly evolving cryptocurrency world, capturing the attention of investors. Known for their potential for significant return on investment, meme coins have garnered significant attention and capital due to their association with internet culture and the enthusiasm of online communities.
With the rise of Bitcoin (BTC), many meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE have had positive market trends on their daily charts.
Meme coins created significant excitement in the industry as they recorded a rapid and significant increase in value in the first quarter of 2024. Based on this, it is said that overall market values could potentially reach 100 billion dollars this year. Among the meme coins, dog-themed ones attract the most attention.
New dog-themed meme coins are being added day by day. The new meme coin called Dogeverse (DOGEVERSE) also shines among its competitors by collecting more than 270 thousand dollars as soon as it started pre-sale.
Dogeverse (DOGEVERSE) Enters the Market as a Multi-Chain Alternative to Dogecoin
The recently launched initial coin offering (ICO) for a new presale coin, Dogeverse (DOGEVERSE), has revealed its potential to become the next viral meme coin. The rapid increase in buyers of Dogeverse tokens provided more than 270 thousand dollars in funding for the project in one day.
The upcoming Doge Day on April 20 looks set to greatly benefit the Dogeverse, as the excitement surrounding all things DOGE has reached its peak coinciding with Bitcoin’s halving.
The presence of these two forces alone was not enough to push the price of this meme coin to new heights, but its multi-chain features undoubtedly added significant momentum.
Many blockchain networks such as Solana, Base, Avalanche, Polygon are vying to become the preferred platform for launching meme coins. Dogeverse aims to meet the requirements by including all aspects of various chains. The platform currently runs on Ethereum, BNB Smart Chain and Polygon. However, support is also actively being developed for Solana, Base and Avalanche, which will be available at launch. This multi-bridge utility significantly expands the capabilities of the Doge universe.
The project makes a unique effort to differentiate itself from other meme coins for those who purchase Dogeverse tokens. While there are multiple chains available, none have the same breadth and level of interconnectedness as the Dogeverse’s ambitious goals. The token integrates into a narrative that focuses attention on the expanding possibilities of meme coins being created on various blockchain networks.
Dogeverse is positioned as the first blockchain-based Doge that can be transferred to many chains. Investors who want to purchase Dogeverse tokens can currently obtain the token at $0.00029. However, the second price level, $0.000291, will start in two days or when a total of $870 thousand is collected. Since the first target can be reached within the next few hours, it is crucial to act quickly to take advantage of the lowest price.
Dogeverse Token Draws All Attention As ‘Doge Day’ Approaches
In addition to its multi-chain capabilities, the Doge ecosystem also benefits from the thoughts and personality of Elon Musk. As it is known, the millionaire gives priority to expressing his admiration for Dogecoin, among his many responsibilities.
Combining all these market-friendly features into a single multi-currency creates the potential for this project to become a formidable meme coin.
The chains focused on by DOGEVERSE consist of a combination of Layer 1 blockchains such as Ethereum, Avalanche, Solana and BNB Smart Chain, as well as Layer 2 solutions such as Polygon and Base.
Increasing the excitement with multi-chain, Dogeverse token offers a staking mechanism that allows its holders to grow their portfolios with passive rewards. Staking is already offering a vibrant and generous return.
Currently, those who purchase and stake Dogecoin tokens can earn a five-figure APY (31 thousand percent). However, it is on a first-come, first-served basis and the rewards get smaller as the staking pool grows.
Once dismissed as a lofty concept, Solana has proven its worth and has effectively surpassed Ethereum in terms of the future of the meme currency.
Is Dogeverse Following in the Footsteps of DEGEN and BRETT?
Both Base and Polygon aim to mitigate Ethereum’s vulnerabilities by implementing Layer 2 solutions on top of the primary transactional consensus layer.
Tokens like DEGEN have leveraged this by building a Layer 3 framework on top of Base. DEGEN’s market cap, accounting for all potential dilution, is $1.56 billion. Meanwhile, BRETT, another Base currency, has increased significantly in value and is trading at $0.0792 as of press time.
Just like Solana, meme coins are attracting a large number of new users to the Base chain. Dubbed ‘Cosmo the Doge’, this hybrid dog has the extraordinary ability to quickly travel between different cryptocurrencies in the digital world. Thanks to this usefulness, it is seen as a strong possibility that it will gain great fame and popularity.
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