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Cardano (ADA) recently introduced its new stablecoin USDM to its investors and enthusiasts. The ADA price reacted positively to this event, and the value of the token increased rapidly in the next 24 hours. Whale activity around the token has also increased.
Bitcoin has recently experienced a drop in price, which has negatively affected many coins. However, Cardano is one of the coins that resists this decline in the markets. It is wondered whether ADA will reach $1.
Cardano is also seeing steady growth in the number of crypto wallets. Specifically, the number of wallets on the Cardano network reached 4 million 651 thousand on March 20. This represents a 3.75 percent increase over the number of wallets on January 1.
Cardano, which uses the Proof of Stake (PoS) mechanism, is increasingly adopted. It is committed to developing a sustainable and environmentally friendly blockchain. With the launch of smart contracts, decentralized applications began to be created on Cardano. If real-world use cases for the token increase and the crypto market as a whole continues its upward trend, a rising wave could push ADA to around $1.
At the time of this writing, ADA is trading at $0.6312 and has a market cap of over $22 billion. This makes it the eighth largest cryptocurrency.
According to sponsored content, the Cardano alternative to buy Dogecoin20 token is being researched especially by meme coin lovers. Even though only a week has passed since the start of its pre-sale, this project has brought in more than $5 million. Details of the project are explained in this sponsored article.
Dogecoin20 (DOGE20) – New Meme Coin Considered as an Upgraded Version of DOGE
Dogecoin20 (DOGE20) is one of the newest dog-themed pre-sale coins. It was inspired by Dogecoin. It is characterized by its low price and high popularity.
DOGE20 has been deployed on the Ethereum chain. The price of its predecessor, meme coins, generally tends to increase these days. PEPE, DOGE, BONK, and Shiba Inu have made investors happy many times in the past. DOGE20 is trying to carve out a place for itself among successful dog-themed coins.
Its price is expected to increase 2-3 times by the end of the pre-sale. It has great future potential with sales exceeding $5 million. The APY (annual rate of return) is also high, currently at a high of 179 percent.
DOGE20, one of the most popular coins among the 2024 pre-sales, may grow more than its startup token, DOGE. It can be said that the probability of its price increasing is relatively high.
The main use of DOGE20 is known as generating passive income. However, some additional services for the benefit of the community may be added in the future. The management team stated that they will continue to develop the game. Investors are very excited about future developments and gaming news.
DOGE20 pre-sale continues at full speed with the goal of generating $6 million in revenue. Extended sales of up to $10 million are possible at times, but this is difficult to predict. 35 billion (25 percent) of the total 140 billion token supply is offered to those who want to purchase Dogecoin20 tokens in the pre-sale. The purchase method is made using a card or virtual currencies ETH and USDT. Current price is $0.000205.
Passive Income Can Be Earned Through Staking with DOGE20
Dogecoin20 provides easy access to staking thanks to its strong infrastructure in Ethereum. Since it uses a proof-of-stake mechanism, there is no need to mine. It is also easy to store in the wallet. Therefore, it allows investors to save time with its simple use, without the need to open a wallet with any complex functions.
It provides high flexibility for its investors. At the same time, it uses the resources allocated to it efficiently. Thus, it adds itself to the list of environmentally friendly and sustainable tokens.
DOGE20 will offer staking rewards to members within 2 years of its official launch. The percentage received will be the total percentage of those who participate during the pre-sale period.
You can contact the project’s Telegram channel to share your questions about the project with the team. You can also be informed about the latest developments about the project through the X account.
Conclusion
In the world of cryptocurrencies, meme coins are once again very popular because despite their limited application, they have enormous viral popularity and therefore offer extremely high return opportunities.
Dogecoin20 is moving into the limelight of the crypto market with a notable pre-sale and increasing interest from investors looking for promising new cryptocurrencies. This innovative token based on the Ethereum blockchain is not only characterized by its spiritual connection with the cultural phenomenon Dogecoin, but also sets new standards in the field of meme coins.
The bull run has the potential to catapult DOGE20 to new highs. The increasing integration of cryptocurrencies into everyday finance and the growing popularity of DeFi (Decentralized Finance) contribute to an environment where innovative and user-focused tokens like Dogecoin20 can thrive.
Check out the DOGE20 token official site.
