.png){kind=logo}
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
After a bearish weekend, Bitcoin, Ethereum, and other altcoins saw a small rise when U.S. trading desks opened on Monday.
However, with the rising tensions in the Middle East, most have given up that Monday bounce since then.
Bitcoin (BTC) which stood at the $64K floor dropped by 3% to the $60K level, and will probably stay there until the halving event in two days.
ETH didn't fare much better, dropping by 3% in a day from $3,050 to $2,940 for the first time in two months.
This dip pushed traders towards lesser-known meme coins such as Dogeverse ($DOGEVERSE). The new meme coin successfully raised over $6 million in less than a week since ICO launch.
Let's check it out…
The meme token landscape has welcomed a unique addition: Dogeverse, a token built on a multichain network spanning Ethereum, Polygon, BNB Chain, Solana, Base, and Avalanche.
Even the ongoing presale takes a multichain approach, allowing investors to buy and claim $DOGEVERSE tokens on any of the supported networks.
Inspired by Cosmo, the "chain-hopping doge," Dogeverse aims to unite enthusiasts and investors across different blockchain ecosystems, facilitating seamless transactions and fostering a sense of unity and creativity within the meme coin community.
As the first doge meme token to be launched on multiple blockchains, Dogeverse offers a distinct advantage: compatibility with various exchanges and wallets, boosting trading opportunities and providing holders with multiple avenues to trade their tokens.
While the project primarily relies on market hype to attract investors and drive value, it offers several advantages stemming from its multichain deployment strategy:
Users can navigate between chains smoothly and securely, leveraging the Wormhole and Portal Bridge protocols.
Traders can select chains offering lower transaction costs and faster processing speeds, enhancing the overall trading experience.
Investors can initiate their journey on any supported blockchain, increasing accessibility.
The token's reach expands to a broader audience across multiple ecosystems.
The Dogeverse team has plans to gradually expand its presence to additional blockchains over the coming years, further solidifying its position as a unifying force within the meme token universe.
While the crypto market has been experiencing significant price swings and turbulence over the past few days, the Dogeverse project managed to navigate through the volatile conditions and surpass the $6 million funding milestone in its ICO.
The ability of this upstart meme coin project to maintain such strong momentum during a period when most major digital assets faced double-digit percentage declines has raised eyebrows and gathered attention within the crypto community.
Despite the challenging market environment, retail investors continued to pour funds into the Dogeverse ICO, seemingly drawn to the project's vision of becoming a multichain meme coin.
Dogeverse's fundraising surge has coincided with increased media coverage, further fueling interest and awareness among potential investors.
The project's Telegram channel now boasts over 1,700 active members, and with a hard cap of $17 million set for the presale, the team appears well-positioned to achieve their funding goals.
Should Dogeverse maintain this level of momentum, the team plans to accelerate their marketing efforts once the coin launches on decentralized exchanges (DEXs), capitalizing on the project's growing popularity and visibility.
While DOGEVERSE has already surpassed expectations by raising millions in its ICO amid challenging market conditions, the team behind this meme coin project has even bigger ambitions to sustain its momentum.
A key component of their strategy is the implementation of a staking protocol, which will allow DOGEVERSE token holders to earn passive rewards right from the outset.
With annual percentage yields (APYs) exceeding 200%, the staking incentives are poised to be a significant draw for investors, encouraging them to accumulate and hold DOGEVERSE tokens.
Amplifying the hype surrounding the project is a growing contingent of influential YouTubers who have embraced DOGEVERSE's quirky branding and utility. Prominent crypto commentators, such as ClayBro and 99Bitcoins, have produced multiple videos delving into the project's finer details, capturing the attention of the "degen" trading crowd.
If this influencer coverage continues to build traction and generate buzz, DOGEVERSE could experience a massive surge in demand once it becomes available on the open market.
While numerous challenges undoubtedly lie ahead before DOGEVERSE could solidify its position as a smash hit in the meme space, the project has already demonstrated remarkable staying power by raising millions during adverse market conditions.
A recent escalation between Iran and Israel, culminating in Iranian missile strikes, triggered a risk-averse sentiment among investors, prompting them to exit positions in riskier asset classes, including cryptocurrencies.
As this geopolitical conflict unfolded over the weekend, two of the leading cryptocurrencies, Bitcoin and Ethereum, experienced substantial plunges in value
All of this makes Dogeverse's $6 million presale run even more impressive. So, don't miss out on this resistant meme coin, and buy your first bag while you can still afford it.
