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The crypto market is going through a period of high volatility with some steep ups and downs. But a new meme coin has been defying the trend. It is predicted to be the next big crypto of 2024.
The multichain Dogeverse (DOGEVERSE) has hit its $10M presale. Within two weeks of going live, it has become a viral sensation. Dogeverse marks one of the biggest presale successes of 2024.
What’s Behind the Hype?
Most meme coins are purely driven by hype. Not that the community is complaining. With the right entry and exit strategies, they can get attractive returns ranging up to 10X and even 10,000X. We have seen plenty of examples of this trend just over the last few months.
The key lies in securing them early. That mitigates the risk and boosts the potential returns. Early investment is a popular strategy among strategic investors. Is that the reason the Dogeverse presale is trending, however?
No. There are dozens of presale meme coins in the market. What sets Dogeverse apart?
Dogeverse is not just another meme coin that rides fleeting trends. It is a project with some unique value propositions.
With its multichain infrastructure, the project unlocks the “degen culture” on multiple blockchain ecosystems. The multichain foundation spans Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. In other words, investors can transfer the token across these blockchains with low fees.
Another key appeal of the platform lies in its staking system, which distributes 10% of its 200 billion supply (20 billion DOGEVERSE) as rewards to stakers over two years. The estimated rewards per annum stood at 111% at the time of writing. Needless to mention, the doge label of the project further adds to the hype.
Investors are buying the token in the ongoing presale at heavy discounts to secure generous returns on its launch and the subsequent bull runs.
Social Media Engagement Fuels Presale Activity
The social media community of Dogeverse is expanding at a rapid pace with widespread engagement. FOMO around the upcoming exchange launch has further fueled activity in the community.
The discussions are mostly centered around the multichain aspect of the project. A new development in the meme coin market is trends based on blockchain labels. For example, Solana meme coins are highly coveted. It is an excellent selling point. MEW, WIF, and BONK, to name just a few, went viral for their Solana label.
Base meme coins were also in the limelight for some time. Ethereum meme coins, on the other hand, benefit from unmatched efficiency and ecosystem benefits.
With its multichain system, Dogeverse taps into all these trends and advantages with ease.
In addition to that, the infrastructure will open various avenues for integration and utility. While the roadmap doesn’t mention whether the project plans to take that path, it will help it establish high market relevance even as the initial FOMO subsides.
On Twitter and Telegram, the project has been generating a good impression. The engagement is growing as the presale closes in on an early sell-out.
Leading analysts and top media outlets have been sharing positive investment outlooks for the next-generation meme coin. According to Jacob Bury, it could be a “new 100x potential crypto.”
For a multichain project, technical competence is highly important. Audited by the established security platform Coinsult, the technical side of the project looks strong.
$10M Raised: Last Chance to Buy Dogeverse Before Exchange Listing
The Dogeverse presale doesn’t end at the $10M milestone. But investors need to act early to grab the token. It is rapidly moving toward an early sell-out. With each new milestone, the presale traffic is growing.
Furthermore, the presale favors early investment. Each new stage of the presale comes with a higher price. The optimistic environment in the broader crypto market, in addition, has fueled the presale FOMO. Investors are buying the token in anticipation of a dramatic price surge on its launch, which is likely to coincide with the next crypto bull run.
Top-tier exchange listings will follow the presale sell-out. Investors can keep themselves updated about its raised presale amount through the widget the team has published on the website’s homepage and/or by checking the relevant presale multi-chain wallets Ethereum, BNB Chain and Polygon.
Vladislav Sopov
Dan Burgin
U.Today Editorial Team