“DOGE Day” boosts demand for new meme cryptocurrencies

1 month ago 0 49

In anticipation of “DOGE Day”, which will take place on April 20, investors have become active in buying meme cryptocurrencies. Especially noticeable is the surge of interest in the new Dogeverse multichain coin. Investors are attracted by the combination of 6 blockchains, which gives the new meme coin an advantage over others.

The asset links Ethereum, BNB Smart Chain and Polygon. However, it will soon become part of the Solana, Base and Avalanche networks as well. The creation of such a global multichain will attract more investors and expand the coin’s sphere of influence.

Of course, the very existence of a multichain is nothing new for the crypto market. However, such a vast interconnection of networks is being created by developers for the first time. Investors have highly appreciated the potential of Dogeverse – in just 8 days the project has attracted more than $5.5 million, and the value of the coin will increase at the new stage of the presale in just a few hours.

The value of this coin now stands at $0.000296. At the same time, the asset will rise in price to $0.000305 by the final stage of the presale. Investors have only 9 pre-sale stages left to buy a promising cryptocurrency at a discount.

How will the new asset be affected by “Doge Day”?

This day is significant for all meme cryptocurrencies. Coupled with the attention of Ilon Musk in the run-up to such a holiday, they are capable of skyrocketing growth. If the billionaire mentions the original Dogecoin again in his account, its price could rise several times. Doge itself will probably be followed by other coins.

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However, the success of Dogeverse does not depend only on Musk’s attention. This token interests the community due to its Bridge mechanism and global coverage of 6 blockchains. It is especially important that among the supported networks is Solana. It is currently in high demand due to the release of a large number of successful meme coins.

Will Dogeverse repeat the success of DEGEN and BRETT?

$DEGEN is a coin based on the Base network that offers tier 3 solutions. Its market diluted capitalization is $1.56 billion. Another asset on the same blockchain is $BRETT. It has almost reached its all-time high and is selling for $0.05798 at the time of writing.

Since $DOGEVERSE operates on multiple blockchains at once, its capabilities are increasing. It is able to utilize the second-level solutions inherent in Base and Polygon. In addition, the asset can provide seamless access to all network functions, increase liquidity, and perform fast transactions.

The project’s tokenomics also contributes to its future success. In total, the team has issued 200 billion coins, of which 15% has been allocated to presale and 10% to staking rewards. Meanwhile, the approximate size of the annual coin locking rewards will be 189%. To get all these bonus tokens, investors only need to connect a wallet – MetaMask or Coinbase. In addition, the project is able to provide a high ROI, as it stands out favorably against other single-chain meme tokens.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.