The brand new Dogeverse meme token ($DOGEVERSE) has raised an impressive sum of 1 million dollars in just 48 hours after the start of a new ICO.
This new token is part of the many humorous tokens inspired by the Shiba Inu that have emerged in the world of cryptocurrency. It has captured the interest of meme enthusiasts, speculators and cryptocurrency enthusiasts, who see its interoperability capabilities as a taste of what the meme coins of tomorrow could look like.
Proposed to $0.000291, Dogeverse sold out of its first two pre-sale phases in just two days, far exceeding the team’s initial expectations of a 4-day first round. The price is expected to rise in less than four days as the ICO moves to the third stage.
Token holders can stake on Ethereum to earn passive rewards.
Furthermore, dregistration requests on CoinGecko and CoinMarketCap are underway, while subsequent listings on decentralized (DEX) and centralized (CEX) exchange platforms are among the project’s upcoming plans.
There is no doubt among the project’s creators that Dogeverse has the potential to become a household name as the cryptocurrency becomes more and more interoperable.
Dogeverse: A huge difference from its competitors
The cryptocurrencies Dogecoin (DOGE), Shiba Inu (SHIB), Floki (FLOKI), Bonk (BONK) and DogWifHat (WIF) all refer to original memes featuring dogs, but each is limited to its own blockchain.
Dogecoin runs on its own network based on Bitcoin’s code, while the others are either on the most commercially important blockchain, Ethereum, or its closest competitor, Solana.
🌌 #DOGEVERSE is blasting off across the multichain galaxy once again! 🚀
Surpassing the $900,000 mark! 💸#Cosmo send a heartfelt thanks to all the #Doge fans for their backing! 🙌
We have also now entered Stage 2! 🔥 pic.twitter.com/4IomGgPbyf
— DogeVerse (@The_DogeVerse) April 10, 2024
Dogeverse is built on a multi-chain network which spans six different channels. It is already active on Ethereum, BNB Smart Chain, Polygon (a layer 2 of Ethereum) and Avalanche. Deployments to Solana and Base (Ethereum Layer 2 of the Coinbase exchange) are planned before the end of the week.
The central character of the Dogeverse is Cosmo, a four-legged friend born in a supernova, with the power to travel across universes. Now, Cosmo wants to share this channel-hopping ability with its owners.
Endless potential for Dogeverse
As any investor knows, meme coins are among the most volatile assets in the cryptocurrency world. Their tendency to amplify large-scale price movements is the main reason for this.
For example, on days when investors are willing to take risks and invest heavily in Bitcoin, the same coins tend to record larger price increases. Conversely, a day of lower risk-taking in cryptocurrency can lead to a significant drop in meme token prices.
It is therefore important for investors to understand that the performance of meme coins is closely linked to the incessant news cycle in the cryptocurrency world. With this in mind, Dogeverse investors can anticipate two major events in the next two weeks.
Two events to keep in mind
Thus, the first will take place on April 19 with the Bitcoin halving. This halving of Bitcoin mining rewards associates with phases of rising prices, as it reduces the supply of BTC, which generally supports prices.
The second event is April 20, a date known as International Marijuana Celebration Day. For this reason, the Dogecoin community chose this same date to celebrate the playful and unconventional origin of the DOGE cryptocurrency.
Doge’s Day (Doge Day), which will take place a day after the halving, promises to be a day of celebration of canine cryptocurrency on social networks. Unlike many other tokens that experience fleeting popularity, Dogeverse aspires to be a loyal companion for investors over the long term.
Cryptoassets represent a risky investment.
Source: Dogeverse
On the same subject :
This article does not constitute investment advice in any way. The information provided here should not be used as a basis for making financial decisions. Cryptocurrency investments involve risks and may result in significant losses. You should only invest what you can afford to lose and carry out your own research before making any investment decisions.
Author Bio
A connoisseur of the digital marketplace and a master of the written word, this 30-year-old English expert brings to the table a wealth of knowledge rooted in the sale of digital products and a passion for blogging that resonates with an audience seeking expertise and insight in the online realm.
Their insights are drawn from hands-on experience navigating the intricacies of e-commerce and content creation—leading the forefront of digital innovation and communication. Whether it’s breaking down complex marketing strategies or sharing tips on how to captivate an online audience, their work stands as a testament to a career built upon successful digital engagement and savvy business acumen.
Stay tuned to absorb compelling content from a voice that not only understands the digital landscape but also shapes its future through every blog post and digital strategy.
