Crypto Whales Accumulate Dogeverse ($DOGEVERSE) – Could It Be the Next Dogecoin?
Crypto’s most knowledgeable investors are eagerly purchasing Dogeverse ($DOGEVERSE), the latest multichain meme coin, ahead of its presale conclusion on June 3 at 10AM UTC. The coin has already raised over $15 million towards its $17 million presale target. Dogeverse has caught the attention of meme enthusiasts, DeFi enthusiasts, and crypto evangelists who see its cross-chain capabilities as a sign of the future of meme coins. Currently priced at $0.00031, this is the last fixed price before its launch. Once the coin hits the open market, its price may never be this low again.
Despite not being available on the open market yet, the potential for growth is limitless. Some even believe that Dogeverse could render the original doge meme coin, Dogecoin ($DOGE), obsolete. This is a bold claim, but upon closer examination, Dogeverse appears to be a serious contender.
Dogeverse possesses qualities that Dogecoin lacks. The popularity of canine-themed coins began with the release of Dogecoin in 2013. Dogecoin gained widespread attention due to its association with a viral meme. However, Dogecoin relies on an outdated consensus mechanism called Proof-of-Work (PoW), which consumes a significant amount of energy. In contrast, Dogeverse operates on multiple chains that do not use PoW, making it more environmentally friendly.
Cosmo, the center of the Dogeverse, is a four-legged friend who possesses the power to hyper-jump across universes. Existing on a multichain network spanning six chains, including Solana, Cosmo is cleaner and greener than Dogecoin. Dogeverse recently joined the Solana network, which has a thriving digital economy with a total value locked of $4.856 billion, 1.2 million active users, and over 2,500 monthly active developers.
Dogeverse has already sold out its initial soft cap allocation of 200 billion tokens during its ICO. The project received a significant influx of $1 million within 48 hours of the ICO launch. The ICO exceeded expectations and sold out of tokens allocated for the first two rounds. Due to high demand, the ICO is concluding earlier than anticipated. The additional funds from the sold-out tokens will be used to enhance liquidity and support high-volume trading.
Token holders can also stake their Dogeverse tokens on Ethereum to earn passive rewards. The team behind Dogeverse is working towards listing applications on CoinGecko and CoinMarketCap, and future listings on decentralized and centralized exchanges are part of the project roadmap.
Meme coins often experience exaggerated movements in line with the broader market. They tend to surge during rallies in Bitcoin and Ethereum and experience significant drops during market downturns. Additionally, recent events such as Bitcoin’s supply halving and the approval of US spot Ethereum ETFs could contribute to the value growth of meme coins in the coming months.
With its staking capabilities, exposure to multiple chains, and potential for market-wide rallies, Dogeverse is becoming an exciting prospect in the crypto world. As the claim goes live on June 5, the token’s price is expected to rise significantly. Investors are encouraged to participate in the presale on the Dogeverse website before it concludes on June 3.
Disclaimer: Cryptocurrency investments carry a high level of risk. This article is for informational purposes only and should not be considered investment advice. You could potentially lose all of your investment capital.