As BTC’s bull run decreased, big names in the meme market felt the price drop in the past week. Does that mean the meme market is finished making profits?
According to analysts – not really. In fact, some meme coins are bouncing back much faster than expected.
Popular meme coins such as Dogecoin (DOGE) and Pepe (PEPE) have surged nearly 20%, slowly regaining what was lost in the previous week. Dogecoin still boasts a monthly growth of almost 80%, while Pepe stands out with an impressive 570% surge.
But even though many are predicting that DOGE and PEPE will continue to grow, there’s a new contender in the market that might just outperform them in the coming weeks—Dogecoin20 ($DOGE20).
With its innovative technology and its mission to improve the original Dogecoin, this token has caught the attention of top analysts and already reached over $5 million in its presale.
Let’s explore what’s behind all the hype!
Could $DOGE20 Be the Next Big Thing Like “Dogecoin” With Its Rapid Growth Potential— Investors More Bullish Than Ever
As excitement builds around Dogecoin20, analysts talk about its potential to become the next big thing. Maybe even bringing in 100x returns like other big players, such as Dogecoin and Pepe, or even outperforming them.
Dogecoin20 is really pushing the boundaries of meme coins by incorporating a proof-of-stake consensus mechanism, significantly reducing its environmental impact. This move is about taking inspiration from the original Dogecoin’s ethos, “Do Only Good Everyday.”
Although Elon Musk initially proposed making Dogecoin more eco-friendly, the concept never gained traction. However, Dogecoin20 strives to realize this vision and honor Musk’s intentions. Essentially, Dogecoin20 represents a progressive step in advancing the meme coin concept.
Dogecoin20 ($DOGE20) Quickly Raises Over $5M in Presale – Investors Seeking for Tokens at Discounted Rates Before the Project Takes Off
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The $DOGE20 ICO is causing a buzz in the cryptocurrency scene, having already collected over $5 million in its presale. This indicates the excitement surrounding Dogecoin20 and its potential for growth in the weeks ahead.
The ICO still allows investors to buy $DOGE20 tokens for a tempting price of $0.000204 each.
Dogecoin20 is prioritizing the development of a sustainable economic model. Here’s how they’re allocating the tokens:
- 10% is being used to ensure sufficient liquidity on exchanges for smooth trading.
- 25% is up for grabs during the presale.
- 15% is set aside for rewarding users who stake their tokens.
- 25% is allocated for marketing efforts to promote the project.
- 25% is being reserved for the project’s treasury to support future development.
This distribution plan is meant to fuel Dogecoin20’s growth and encourage active involvement from its community. For those interested in early involvement, participating in the presale allows immediate staking of tokens, offering an additional incentive for early action.
As the presale price is projected to rise, investors now have the opportunity to secure tokens at the current lower rate.
Dogecoin20’s Focus on Staking Could Easily Maximize Returns for Early Investors
Dogecoin20 is rolling out a new feature that will shake things up for its community—staking. This useful feature lets users earn passive income simply by stashing away their $DOGE20 tokens in the staking protocol.
Here’s how it works: when you deposit your $DOGE20 tokens into the staking system, you’re essentially planting the seeds for rewards to grow over time.
To kickstart this initiative and encourage participation, Dogecoin20 has set aside 15% of all $DOGE20 tokens to fuel these staking rewards over the next couple of years.
What’s cool about this setup is how your rewards are calculated. It’s about the number of tokens you stake compared to the overall pool. In simpler terms, the more you put in, the more you can earn.
Final Thoughts
As the BTC bull run slows down, major meme coins are seeing a downturn…
However, popular contenders like Dogecoin and Pepe are making a comeback with a 20% surge in just 24 hours.
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Now, there’s a new competitor in the game that aims to surpass them and become the top-performing coin of 2024 – Dogecoin20.
$DOGE20’s new technology and goal to improve Dogecoin got top analysts’ attention. Still, investors can buy the token at a lower price before its value takes off.
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.
