One of the largest meme cryptocurrencies DOGE continues to grow – over the past 24 hours the asset rose another 4%. Investors expect the coin to pump by April 20 – the “Doge day”. To maximize profits from this event, traders are also actively buying a new project, which is positioned as an alternative to DOGE – $DOGE20. Experts believe that this new coin also has every chance to show pamp by April 20.
Their confidence is backed by the fact that just a few weeks after the start of the pre-sale, investments in meme-coin exceeded the $8.8 million mark. However, traders should still hurry up. The hype around meme assets is growing, and FOMO is also increasing. This happens because, according to analysts, all coins may be sold out as early as this week. Unlike the original DOGE, the new token does not support the inflationary model, and also completely abandoned the expensive mining system.
The $DOGE20 is powered by Ethereum, a blockchain that managed to significantly reduce transaction fees in Polygon and Optimism by updating Dencun. Dogecoin20 becomes even more attractive because of this. It has a modern and promising architecture that is capable of constant improvement.
The new $DOGE20 is capable of repeating the success of the original Dogecoin
CoinMarketCap data shows that DOGE has been gradually appreciating in value over the past week and reached the $0.1713 mark. Now the coin is subject to a slight correction and has lost up to 1.53% of its price over the day. However, experts believe that it will soon get back on the path of growth.
Dogecoin20 can be bought today for $0.000209 within the 15th stage of the presale. At the same time, it is reported that due to the increased demand for the asset, the developers extended the presale and raised the firm capitalization to $10 million.
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Steaking System
Another significant difference from the original is the presence of an asset-stacking mechanism. It allows you to generate passive income in the form of $DOGE20 and uses modern smart contracts from Ethereum.
A separate plus is the ability to steak tokens immediately after their purchase. There are now over 21 billion coins in storage and the rewards are $132 per year.
No inflation and limited supply
The creators have only issued 140 billion tokens. This means that over time, the supply will start to dry up and asset prices will start to rise. This strategy also distinguishes the project from DOGE, whose developers are constantly issuing new coins.
The vast majority of investments are now coming from China. Local traders are confident that meme-coin has great potential to take a leading position among other coins in this niche.
$DOGE20 is an asset that is prophesied to be a long-term success on the market
The new token is now being actively discussed on the web. Publications such as The Economic Times, Business Insider, Times of India, Cointelegraph and Bitcoin.com report that investing in it can dramatically increase traders’ income.
Well-known crypto-enthusiast Matthew Perry has also joined this viewpoint. He told his 217 thousand subscribers on YouTube that the asset is in many ways superior to the original DOGE. Experts note that in general $DOGE20 is able to rise in price 100 times after its launch on exchanges. Now the token can be purchased with ETH, USDT, BNB or fiat currency. You can also subscribe to the project’s publishers in social networks – X/Twitter and Telegram.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
