As a seasoned crypto investor with a knack for spotting promising projects, I’m keeping a close eye on Dogeverse and its impressive presale performance. With the growing acceptance of meme coins in the crypto market, Dogeverse may experience significant growth when it fully launches on various exchanges. The team’s strategic deployment strategy, starting with Ethereum and gradually expanding to other blockchains, is a smart move that caters to diverse buyer preferences and enhances trading experiences for holders.
In early 2024, the new memecoin Dogeverse successfully wrapped up its presale, amassing over $15 million in investments. Looking ahead, Dogeverse intends to debut on both decentralized and centralized cryptocurrency exchanges in the near future. The Dogeverse team has achieved one of the most successful crypto presales of 2024 with this impressive fundraising effort.
As the crypto market grows more open to meme coins, Dogeverse could experience a significant surge in value once it’s officially released, potentially reaching new heights alongside well-known alternatives like Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogeverse Deployment Strategy
The Dogeverse team plans to initiate their deployment process with Ethereum as the founding blockchain due to its robust security and popular usage. Following a successful Ethereum launch, Dogeverse aims to expand its presence to five additional blockchains: Solana, Polygon, Avalanche, BNB Chain, and Base. To facilitate these launches, the team intends to utilize Portal Bridge and Wormhole. This phased approach offers several advantages, including catering to a wider audience of buyers who favor distinct blockchains. Furthermore, subsequent launches are anticipated to improve the trading experience for holders by enabling them to access Dogeverse while enjoying varying transaction speeds and costs.
As a researcher investigating the benefits of becoming a member in the Dogeverse community, I’ve discovered an intriguing feature called staking. By using a dedicated app, I can put my Dogeverse coins to work and earn passive rewards. The potential annual return is reportedly impressive at 69%. To further bolster confidence in the project, Coinsult, a reputable blockchain security firm, has conducted an audit of the new memecoin’s contract.
The publicly disclosed plan shows that Dogeverse is currently in its Development stage. This phase encompasses the successful completion of presales and contract audits, as well as initiatives aimed at fostering community engagement. Subsequently, we anticipate entering an Awareness phase marked by marketing efforts and listings on prominent crypto data platforms such as CoinMarketCap and CoinGecko. Following these listings, we intend to progress into the Expansion stage, which involves securing listings on decentralized exchanges (DEXs). However, it’s important to note that no definitive timeline has been set for these stages. The roadmap also includes future plans for listings on centralized exchanges (CEXs).
Meme Coins in the Crypto Market
In the thriving crypto industry, both freshly minted and well-established meme coins are garnering significant interest. For example, The Book of Meme (BOME), a meme coin on the Solana blockchain, yielded an impressive return of over 82% in just eight days following its launch on March 10. Remarkably, the value of Solana’s native SOL token surged by approximately 45% during the same timeframe.
Meme coins, which were initially created without any intended use, can surprisingly gain significant popularity and eventually discover practical applications. For example, Tesla, a widely recognized electric vehicle manufacturer, accepts Dogecoin payments for certain items. Furthermore, these assets might be adopted by various service providers such as crypto gambling platforms that enable users to wager and withdraw winnings using digital currencies.
Regrettably, not every meme coin based on Solana has had positive histories. The latest addition to this category, Slerf, concluded a successful presale event recently, raking in over 50,000 SOL ($10 million). The team planned to allocate the funds towards establishing liquidity for the asset and distributing SLERF tokens to presale participants following the official launch. However, the project leader made an expensive error.
In a recent post on X’s thread, the project’s representative admitted to an unintentional error leading to the unfortunate incident of losing 50,000 SOL. The developer further clarified that these tokens were irreversibly destroyed, as the “minting authority” for new tokens had already been taken away.
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2024-05-23 12:09