Although the cryptocurrency industry as a whole has seen upward momentum, XRP’s stagnant performance is causing concern among traders and investors.
According to CoinMarketCap, Ripple has experienced a modest increase in price recently, with occasional minor declines. According to the site, the token has increased by 15 percent in the last month as of the time this news was written. It increased by 9 percent in the last 24 hours and remained stable around $0.6.
However, investors are waiting to see whether the token will mimic XRP’s significant price increase in 2017. During this wait, two alternative coins to XRP stand out.
Dogecoin20 (DOGE20) Stands Out with Green Version of Its Predecessor
Dogecoin20 (DOGE20) is the newest among the XRP alternative coins with its pre-sale. The platform is built on the Ethereum blockchain and uses smart contracts as a means for users to acquire DOGE20 coins through the staking process. To do this, it is enough to buy Dogecoin20 tokens and deposit them into the staking process. The Dogecoin20 presale event was officially launched in mid-March 2024 and quickly raised $5 million in funding.
Officially starting its pre-sale in mid-March 2024, Dogecoin20 offers a significant improvement by building on the core principles of Dogecoin and integrating it with the concept of passive incentives.
On the other hand, Dogecoin20’s goal is to create meaningful change in the tangible field, beyond just being a meme coin. The philosophy of “Just Do Kindness Every Day” extends beyond the realm of digital platforms. Dogecoin20 leverages its digital power to inspire users to improve their skills and help others in the physical space. People are encouraged to participate in community initiatives for charitable purposes
Every token holder who purchases and stakes Dogecoin20 tokens will actively contribute to the expansion of the network. Dogecoin20 will continue to champion its motto of inspiring users to consistently take charitable actions, while also offering them the opportunity to earn a passive income. The unique methodology of crypto staking is to foster the development of a community of users willing to help their local communities in the physical world.
Dogecoin20’s maximum supply is 140 billion DOGE20 tokens. The current pre-sale phase only provides access to 25 percent of the 35 billion total due to the company’s long-term sustainability goals. This token amount is expected to provide the first opportunity for a large number of investors to participate in the launch platform, thus facilitating the future success of DOGE20.
A quarter of the tokens go to the marketing campaign aimed at spreading information about the newly introduced meme. The aim is to facilitate the establishment of a robust Dogecoin20 community and guarantee widespread availability of DOGE20 coins on leading cryptocurrency exchanges.
It is reported that 25 percent is allocated to be kept in reserve and to support the permanent sustainability and progress of the token. Additionally, these tokens aim to facilitate the implementation of new functions and finance operational costs.
Over an extended period, a total of 21 billion tokens (15 percent) will be distributed as staking incentives. Users will also be encouraged to stake and get more benefits.
Ultimately, the remaining 10 percent, equivalent to 14 billion tokens, will be allocated to increase liquidity in decentralized exchange (DEX) systems. Thus, the trading process will be facilitated and volatility will be reduced.
Smog Token (SMOG) Aims to Outperform DOGE and BONK
The Solana network has been releasing very successful meme coins in recent years. Bonk Coin (BONK) and Dog Wif Hat (WIF) are notable examples, but there are many other options as well. Smog Token (SMOG) also seems to have the potential to show the most exceptional performance among them.
As of the time this news was written, SMOG, which has increased by more than 200 percent over the past 30 days, has gained more than 15 percent for investors who purchased Smog Token in the last 24 hours.
SMOG stands out with its innovative airdrop mechanism that rewards community participation across various platforms and on-chain activities, ensuring fair distribution of tokens and encouraging active participation.
While waiting for these events, investors can accumulate airdrop points to strategically position themselves for maximum benefit.
This not only benefits investors but also creates excitement. SMOG’s online presence has been steadily expanding as they diligently complete daily tasks on Zealy to accumulate points. Therefore, it is believed to have the potential to surpass both DOGE and BONK.
Key factors affecting SMOG’s price include community participation and rewards, market sentiment, listings on cryptocurrency exchanges, and implementation of the project’s roadmap.
The SMOG token’s staking protocol offers returns of up to 42 percent APY, allowing investors to increase their token holdings. Additionally, a possible burn mechanism increases potential returns for early investors.
Overall, with price predictions, ambitious targets, community-driven strategies, and increasing acceptance of meme coins, Smog Token is among the coins with 100x potential as an XRP alternative.
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