Bittime – The crypto world is once again enlivened by the presence of the newest meme coin, Dogeverse ($DOGEVERSE). This project managed to exceed its initial funding target or soft cap of $10 million through presale, kicking off stiff competition in the already saturated space of meme coins.
Dogeverse Price Now
Dogeverse, which uses the cute Shiba Inu character like other meme coins, has successfully attracted the attention of meme fans, crypto investors, and blockchain observers.
Dogeverse's main advantage lies in its ability to operate across blockchains (multi-chain), making it a pioneer for the future of meme coins.
Currently, Dogeverse is selling at $0.000301 and is scheduled to increase in price in less than two days. During its launch, the initial allocation of 200 billion Dogeverse tokens sold out after trending virally on social media.
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Dogerverse Sells Well during Presale
In just 48 hours after the Initial Coin Offering (ICO) opened, Dogeverse managed to raise $1 million.
This figure exceeded the development team's initial target and made the token allocation for the first two presale rounds completely sold out. The team's initial plan was to complete the first round of presales within 6 days.
Not even two weeks since opening, Dogeverse is now accelerating its ICO schedule and moving into the second half. An additional 200 billion tokens will be sold to the public through the remaining five rounds which will close on June 11.
Also Read: Dogeverse Bucks the Trend and Raises $4 Million Through ICO!
Dogeverse Fund Turnover
Funds obtained from the sale of these additional tokens, which were previously planned to be sold on decentralized exchanges (DEX) or centralized exchanges (CEX) after the claim period, will be allocated to increase liquidity and buy-back funds.
Dogeverse token holders can also stake on the Ethereum network to earn passive profits.
The Dogeverse team is currently working to get their token listed on CoinGecko and CoinMarketCap. Additionally, the project roadmap also includes plans for listing on leading DEX and CEX exchanges.
Why is Dogeverse So Interesting?
Dogeverse's popularity cannot be separated from the pre-existing meme coin trend. Dogecoin (DOGE), which was born at the end of 2013, became the pioneer of this trend.
With adorable characters inspired by viral memes, Dogecoin has succeeded in attracting many investors, especially those active on social media.
After Dogecoin, various other meme coins emerged such as Shiba Inu (SHIB), Floki (FLOKI), Bonk (BONK), and DogWifHat (WIF). Even though it both takes reference from the viral doge meme, the meme coin does not have cross-blockchain capabilities.
Dogecoin itself has a special blockchain network that is similar to Bitcoin, and both use a proof-of-work (PoW) consensus mechanism which is known to be wasteful in energy consumption.
Competitors to Dogecoin are emerging on the Ethereum and Solana blockchains, both of which offer lower energy consumption.
This is the main advantage of Dogeverse. Dogeverse is built on a multichain network that includes six different blockchains, and none of them uses the PoW consensus mechanism.
Currently, Dogeverse is integrated with Ethereum, BNB Smart Chain, Polygon, Base, and Avalanche. Integration with Solana is also planned shortly.
Dogeverse makes the Shiba Inu character named Cosmo the main mascot. According to the story built, Cosmo has the unique power to move multi-chain.
Through Dogeverse, Cosmo wants to invite its owners to also explore various blockchains.
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Investing in Dogeverse: Things to Note
Meme coin is known as one of the most volatile crypto assets. The price tends to follow the movements of the crypto market as a whole but with higher volatility.
This means that when investors dare to take risks and buy Bitcoin, the price of meme coins usually pumps up. Conversely, when investors are risk-averse, meme coin prices can plummet.
Thus, it is important to note that the performance of meme coins is closely linked to the latest news and sentiment in the crypto market. However, two main factors will influence the price of Dogeverse shortly.
The first is the Bitcoin halving which occurred last Saturday. Bitcoin halving halves Bitcoin mining rewards, effectively limiting the supply of new BTC and potentially driving the price up.
Halvings have historically triggered bull runs (increasing price trends) in the crypto market, and Bitcoin prices have risen 3% since the event.
The second is May 23, which is the first deadline for the SEC (United States financial regulatory body) to respond to the latest filing regarding the Ethereum ETF (Exchange Traded Fund).
Many analysts predict this date as the start of a potential "Ethereum gold rush" (a surge in demand for Ethereum).
With Ethereum being the most commercially important blockchain in the crypto ecosystem, the entire ecosystem will benefit.
This also applies to Layer 1 competitors such as Solana and Avalanche, as well as Layer 2 competitors such as Polygon, all of which are integrated with Dogeverse.
With an environmentally friendly theme, easy staking, and a seamless cross-blockchain experience, Dogeverse offers distinct advantages among other meme coins.
Interested in owning Dogeverse? Hurry up and join the presale on the Dogeverse website before the price goes up in less than two days!
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DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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