A new Dogecoin themed token, Dogeverse ($DOGEVERSE), made headlines after launching on presale, providing a fair opportunity for degens to fully maximize their investments amid the ongoing meme coin mania.
Being available at a discount price of $0.00029, Dogeverse sets its sights on replicating the market successes of leading meme coins like Dogecoin, Shiba Inu and more recently Dogwifhat in 2024.
What Is Dogeverse ($DOGEVERSE) Token?
Within the first day of going live on presale, Dogeverse has resonated with a broad audience, quickly raising over $400k and positioning itself as the next big thing in the crypto town.
One reason is its multi-chain aspect that makes it possible for holders to trade on a variety of the top chains to avoid high gas fees.
Beyond being the first meme coin to launch on a multi-chain network spanning Ethereum, BNB, Polygon, Solana, Avalance, and Base, Dogeverse also combines other unique attributes like staking, thereby giving it long-term potential.
Dogeverse presents itself as the “world’s first truly multi-chain Doge token.” With its multi-chain approach, Dogeverse opens its doors to a diverse audience to unite meme enthusiasts across various chains.
According to its whitepaper, the project will leverage portalbridge.com to execute its multi-chain functionality via Wormhole, ensuring a streamlined experience for holders.
Dogeverse was first deployed on Ethereum due to the latter’s advanced security features before transiting to other chains. This unique feature makes it possible for early movers to easily participate in the presale and maximize their holdings on their favorite chain.
By developing a presale event that is accessible across the board, Dogeverse has distinguished itself from other ICO tokens in the market right now. This unparalleled flexibility enhances engagement with the ecosystem, ensuring that users can pick the right chain with better scalability and low fees.
Another key selling point of Dogeverse is its staking mechanic, which enables investors to maximize their holdings and earn passive rewards. At press time, buying and staking the token attracts a lucrative APY of over 4,000%. This reward rate is expected to reduce as more tokens are staked.
Meanwhile, Dogeverse, according to its website thedogeverse.com, will disburse the rewards over the course of the next two years, positioning it as one of the most promising presale tokens to stake this year.
Above all, Dogeverse comes with a strong roadmap, featuring plans that can further push it to the mainstream. Also, its unique tokenomics reinforces its commitment to building an inclusive and community-centric Dogeverse ecosystem.
As the meme coin craze continues to rage, Dogeverse has emerged as a new investment choice for those seeking both short and long-term gains.
The 2024 Meme Coin Mania
The meme coin craze is back as ever as top tokens in the market segment are enjoying an upward price trajectory. Since the start of the year, the prices of prominent tokens within the Ethereum and Solana meme coin space have recorded massive increases as investors are turning huge attention to the market sector.
Lately, we've seen meme coins like PEPE, BONK, WIF, and MEW enjoy incredible price runs. Despite lacking much intrinsic value, these tokens have continued to capture the attention of investors amid the increased frenzy on cryptocurrency and act as a beta play to the overall rise in Bitcoin, Ethereum, Solana and other big caps.
The impressive price run of BTC which has seen it record a new all-time high of $73,750 last month has triggered a huge inflow of investments into the crypto market. Hence, the meme coin space, being a popular sector in the cryptocurrency market has benefited enormously from the bullish mood in the market.
That said, $DOGEVERSE is tipped to benefit hugely from the recent impressive performance of meme coins and the increased attention on Bitcoin. With the real buzz that comes with new meme coins, $DOGEVERSE will be at the forefront of tokens that will appeal to investors. Also, the multi-chain posture of the project places it in a promising position to attract investors from numerous ecosystems.
Lastly, ahead of the highly anticipated Bitcoin halving event, investors are now racing against time to acquire more cryptocurrencies with optimism that the next bull run might be around the corner. As such, $DOGEVERSE like most other meme coins, is expected to also benefit from the historic event.
Tokenomics
$DOGEVERSE has a maximum supply that's pegged at 200 billion. A significant portion of the supply has been dedicated to marketing and promotional efforts. Also, another 25% of the token’s total supply is allotted as the project's fund.
To ensure that early movers satisfy their desire to have enough portion of the token, the project team allocated 15% of the total supply of $DOGEVERSE for its ongoing presale event.
That said, crucial areas like ecosystem funds, staking rewards, and liquidity will get 10% each while the remaining 5% will be committed to future exchange listings.
Conclusion - The New Dogecoin?
Dogeverse’s growing popularity is underpinned by many factors, including its multi-chain approach, meme coin fundamentals, and staking utility.
With these unique features, the innovative token has started to capture the imagination of those looking to capitalize on the ongoing meme coin craze.
While it’s still early days and many new meme coin projects have claimed to be the ‘new Dogecoin’, the high staking APY and discounted price during stage one may make Dogeverse token worth an investment.
To participate in the ongoing presale, visit the official website of the project where you can buy Dogeverse token with a crypto wallet such as Trust or MetaMask and ETH, USDT, or with your debit/credit card.
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