The influence of meme coins on the crypto market has taken an upturn since the success of Dogecoin (DOGE) in 2021, with the coin hitting a new record high of $0.7376 on May 8th, 2021, giving the coin a market cap of over $70bn at that time.
The Dog meme family, one of the best performing themes of meme coins, has long since seen the launch of meme coins inspired by Dogecoin's success—some of which include Shiba Inu and Dogeliens. Apecoin also recorded mind-blowing successes upon its launch.
Now the Meme family features the debut of its newest member Dogeliens, the puppet Master of Decentralized finance. Dogeliens is a DeFi platform with added utility built on the Binance Smart Chain. It is an open-source platform that aims to build a community focused on having fun, helping others, and donating to charity.
With meme coins being what they are – the joke of cryptocurrency, dogeliens strives to be better than its counterparts by incorporating real-time utility and human impact. The meme coin features a democratic voting system and charitable wallet through which holders would be able to vote for the charity to receive weekly donations.
DOGET, the main utility token of the dogeliens ecosystem can be used to buy NFTs, exchange tokens, play games, and purchase metaverse utilities.
Apecoin (APE), another high-performing DeFi coin built on the Ethereum blockchain is an ERC20 utility and governance token. Apecoin's decentralized platform is quite similar to DOGET's and is rooted in Web3.
The Bored Ape Yacht Club ecosystem with ApeCoin as its token, has taken over the NFT market and is, according to Cryptoslam, currently generating over $750 million in trading volume.
The metaverse token itself has seen really exceptional positive price movements, currently up by 17.26% in the last 24 hours. According to CoinMarketCap, APE has been running on a three-week high streak and is currently changing hands at $5.44.
With meme coins hitting billions in market cap, Dogecoin hit a market cap of over 89 billion dollars in May 2021, as reported by Globaldata. SHIB also saw a barreling hike, reaching a market cap of $41 billion in October 2021. The price of DOGE rocketed over 300% shortly after launching in 2013. In 2021, the price of dogecoin experienced a massive 8,600% surge between January and May 2021.
As DOGE depends on the movement of the cryptocurrency market, the bearish crypto market has done its toll on the dogecoin in 2022. While some crypto experts are still optimistic about a positive price increase this year The search and rush to invest in the next dogecoin has led to the spotlight focusing on dogeliens(DOGET)
During DOGET's presale, 30 percent of Dogeliens (DOGET) tokens will be taken out of the total circulating supply and transferred into the P2E game which, In return, can create a stable Dogeliens ecosystem for its holders. This limitation of circulating supply would create a scarcity that could potentially increase its price, and DOGET could very well be the next big thing on the crypto market, capable of making exponential gains after launch.
Presale: https://ufo.dogeliens.io/register
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
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