The escalating tension in the Middle East brought a major collapse in the cryptocurrency market last Saturday. News that Iran had launched an attack on Israel caused cryptocurrency prices to plummet, demonstrating how assets in this space can react in the absence of more traditional investment vehicles.
The world crypto market reportedly dropped by 9 percent after Israel claimed that Iran had launched a drone against it (a claim that was later confirmed by Iranian state media).
The markets reacted quickly to this situation, causing Bitcoin to lose 7 percent and Ethereum to lose 9 percent. Altcoins also followed this collapse. DOGE, the most popular meme coin, lost 20 percent.
While the crypto industry was fluctuating with the showdowns in the Middle East, investors began to look for new gems. Especially the Dogeverse project, which has its sights set on Dogecoin’s throne, has begun to attract attention. The pre-sale has evolved to a new dimension with the increase in buyers of Dogeverse tokens.
New Doge-Themed Dogeverse Stands Out Thanks to Its Multi-chaining Ability
Dogeverse (DOGEVERSE) coin managed to raise over $4.2 million despite starting its pre-sale about a week ago. This success revealed the growing popularity of meme coins and the importance of features that span many chains in the world of digital assets.
The doge, who quickly “jumps” through the chains named Cosmos, serves as the mascot of the Dogeverse. Dogeverse aims to be a first in the meme coin market by launching on six different blockchains. The token is already live on Ethereum, Polygon, BNB Chain and Avalanche, with Solana and Base integration coming soon.
Dogeverse also provides strategic benefits to the cryptocurrency market due to its multi-chain capabilities. For this reason, Dogeverse token purchases are increasing day by day. With 25 percent of the total token supply allocated for marketing, this community frenzy is expected to continue to grow.
By expanding its footprint across various chains, Dogeverse plans to strengthen its position in the market, attract a broad investment base, and increase accessibility and liquidity. With its ambitious expansion goals and committed supporter base, Dogeverse appears well-positioned to make a significant impact on the meme-inspired cryptocurrency industry.
Dogeverse Shine During Doge Day and Bitcoin Halving
Future expectations about the Dogeverse are optimistic. With Bitcoin’s halving event on April 19, meme coins like Dogeverse have a great chance to benefit from the increased interest of investors.
On top of that, the Dogecoin community plans to celebrate Doge Day on April 20th with numerous online events surrounding all meme coins. This seems to increase popularity as well as increase demand for purchasing Dogeverse tokens.
How to Buy Dogeverse?
Dogeverse is currently available in a 10-stage pre-sale. Dogeverse price increases as pre-sale slots progress. A lot of growth happens during pre-sales, so early adopters are often the ones who benefit the most. It is worth remembering that the best staking reward rates will also go to the first investors.
The token can be purchased by visiting the official Dogeverse website. First the wallet is connected. Afterwards, tokens are selected to purchase Dogeverse. It is currently possible to purchase using BNB, MATIC, AVAX, USDT or ETH.
After choosing the asset to be exchanged with Dogeverse, all that remains is to purchase DOGEVERSE tokens.
Dogeverse is Promising with Its Staking Mechanism and Multi-Chain
Meanwhile, the project also has a staking protocol that allows owners to earn rewards by staking their DOGEVERSE tokens on Ethereum.
One of the few problems with the original Dogecoin was that it did not have any staking rewards. However, Dogeverse’s staking program fixes this by integrating it into the Doge ecosystem.
Overall, Dogeverse (DOGEVERSE) improves the Doge experience by offering a way to earn passive money in addition to the new multi-chain approach. This decision seems to be in line with the general trend of investors looking for meme coins that have practical uses and can also be profitable.
At the time of this writing, the annual percentage return (APY) is estimated to be more than 230 percent, but it is important to note that this figure will decrease as more DOGEVERSE tokens are staked.
So, in addition to the cross-chain factor, Dogeverse has a real underlying economic model. The team has planned aggressive marketing initiatives, exchange listings and “community incentives” that have yet to be announced. With the meme coin craze extending to blockchains such as Solana and Base in 2024, Dogeverse aims to benefit from the growing trend of tokens released on different networks.
Dogeverse Team is Working on DEX Listing
Thanks to the attractive entry point, everyone is racing to get a share of the project before missing out on the discounted price. Once the pre-sale is complete, Dogeverse’s team will work to get DOGEVERSE listed on decentralized exchanges (DEXs). It is said that they allocated 10 percent of the 200 billion token supply to provide liquidity. With such great excitement and an innovative multi-chain model, Dogeverse is sailing into a period where it can show potential.
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