As CoinMarketCap data shows, the popular Dogecoin token reached $0.2123 in 24 hours. At the same time, another meme-based project, DOGE20, is gradually preparing to exit the pre-sale state and launch on cryptocurrency exchanges.
Against the backdrop of these two events, experts share a number of positive predictions. They believe that meme coins will be able to reach new peaks in April. This is not least due to the fact that a “Doge Day” is planned for next month. This event usually entails a massive rise in the price of both DOGE itself and other meme cryptocurrencies.
Dogecoin20 is an alternative to DOGE for passive income
The popularity of tokens that are inspired by meme images and often have no real utility continues to grow. More and more investors are putting money into them in hopes of making a quick profit. And Dogecoin20 is becoming no exception. This token works in accordance with the Proof-of-Stake protocol and offers favorable conditions for blockchain coins with subsequent payouts.
While the asset is being prepared for launch on crypto exchanges, you can buy it for $0.00022. During the entire course of the presale, the project managed to raise over $10 million, which indicates its potential success on the listings.
It should be noted that despite its name, Dogecoin20 is not related to the previously released DOGE. The prerequisite for the creation of the new project was the developers’ desire to rethink the original and successful meme-coin and add new features to it.
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First of all, one of the innovations was the steaking function. With its help, investors will be provided with stable payments for the next 2 years. In the first year, 12.5% of coins will be allocated for such accruals, and in the second year – 2.5%.
The second update is the transition to a greener protocol called Proof-of-Stake. It allows to significantly reduce the negative impact on the environment and increase the speed of transfers within the blockchain. It should also be noted that the project is fully decentralized and community-focused.
Although the Dogecoin20 pre-sale has come to an end, the token can still be purchased at a favorable price of $0.00022. This is the last opportunity for early investors to purchase the coin before its release on exchanges. Benefits of the project:
- Operating inside the Ethereum blockchain opens up space for the future development of the asset.
- Management is done by the community.
- Transactions are faster and more accessible.
Slothana – a new popular meme coin on the Solana blockchain
A week ago the presale of a new meme coin Slothana on the Solana blockchain started. The token with a sloth mascot is in high demand among investors, who expect it to grow as significantly as other projects in the ecosystem. This is confirmed by the volume of investment in the project – since the start of sales it has attracted over $2.2 million.
The token is actively discussed in the social network X/Twitter, and you can buy it with $SOL. To do this, just deposit the required number of coins into a blockchain-compatible wallet and purchase $SLOTH through a special widget on the site.
At the time of writing, 10,000 new meme coins can be purchased with just one $SOL token.Pros:
- No hard capitalization.
- Able to replicate the success of Slerf.
- Solana network has cheaper and faster transactions.
DOGE price forecast for April
The fundamental factor that analysts take into account when making a preliminary forecast for April becomes the “DOGE Day”. As a rule, it is organized at the end of the month – on the 20th of the month – and is accompanied by a stable increase in the price of mem-coin.
In addition, a bullish trend prevails on the market now, which also indicates the likelihood of a rapid and sharp growth of the coin. Even neural networks are joining the positive predictions. For example, ChatGPT analyzed the situation on the market and suggested that the asset can rise in price by more than 98% and reach $0.29.
However, some analysts believe that the Dogecoin rate is capable of fluctuating. In early April, the price of the meme coin is likely to rise to the level of $0.238. By the middle of the month, it will be able to reach $0.251. At the same time, already by the 30th, the value of the token is likely to show a tendency to correction. Specialists assume that it will range from $0.225 to $0.197, but will be able to overcome these levels. Already in early May, $DOGE will rise again to $0.229.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
