The crypto market has suffered significant losses over the last 24 hours, with many altcoins experiencing substantial declines.
Dogecoin, too, followed the broader market downturn but fell even more sharply. The most popular meme coin has dropped nearly 6% in the last 24 hours, now trading under $0.15.
This trend has caused many crypto influencers and analysts to keep an eye out for emerging coins that could explode in the coming weeks.
And right now, we have a fresh player for 100x profits – Dogevrse ($DOGEVERSE).
Dogeverse recently initiated its presale, with investors quickly buying tokens ahead of an anticipated price surge.
Let's explore the details and see what the hype is about.
Dogecoin Sees a Decline While the Broader Market Finishes in the Red – But This New Meme Coin Holds Potential to Explode After Listing
Crypto experts are optimistic about Dogecoin ($DOGE), predicting a significant upswing for this leading meme coin. Currently, Dogecoin's price stands at $0.148, reflecting a near 6% drop within a day.
The broader crypto market appears to be on a downturn, with Bitcoin at risk of dipping below $62,000. This follows a market uplift after a dovish statement from last week's FOMC meeting.
Long-term forecasts remain unchanged, but there is now a warning from specialists about a potential sharp decline in Dogecoin's price in the near future.
Amid these uncertain conditions, large-cap meme coins are trending downwards. In response, seasoned investors are shifting their focus to smaller-cap tokens and newly introduced meme coins.
For example, one notable crypto whale recently put over $183,000 into Dogeverse, a new multichain meme coin that's rapidly gaining popularity. Let's dive into the details!
Dogeverse ($DOGEVERSE) — A New Dodge-Inspired Crypto Seeks to Dominate Across Multiple Blockchains with Innovative Approach
Dogeverse ($DOGEVERSE) has recently entered the crypto scene, blending the popular 'Doge' meme with functionality across multiple blockchains.
Unlike ordinary meme coins, Dogeverse operates on a multi-chain framework, allowing $DOGEVERSE tokens to function smoothly across several major blockchains such as Ethereum, Binance Smart Chain, Polygon, Solana, Base, and Avalanche. This approach provides token holders with increased flexibility and operational efficiency.
The system supports the easy transfer of tokens between different networks, reducing transaction fees and simplifying processes for users. Cosmo, the project's mascot, represents adaptability and unity, reflecting Dogeverse’s ability to transition effortlessly between various blockchain environments.
Additionally, by being active on multiple blockchains, Dogeverse offers its users opportunities to engage with broader ecosystems, improving their experience and making use of the unique benefits each blockchain offers. This strategy aims to extend the platform's reach and enable a supportive environment for its community.
Dogeverse's Impressive Presale Approaches $15 Million – Robust Tokenomics Set for Sustained Success
All tokens designated for the initial two rounds of the presale were quickly sold out, surpassing the team’s expectations, with the first round finishing sooner than anticipated. Therefore, Dogeverse advanced to the second phase of its ICO, with five more rounds planned, aiming to complete by June 11, and involving a total of 200 billion tokens.
The project’s roadmap includes potential listings on various decentralized and centralized exchanges. Currently, the primary objective is to ensure listings on CoinGecko and CoinMarketCap. The coin also offers a profitable staking option with APYs topping 70%, presenting a highly attractive investment opportunity. Of the total 200 billion tokens, a substantial part is earmarked for presale and staking rewards to draw investors.
The Dogeverse team’s distribution strategy is designed to allow major growth by allocating 15% of the total supply (30 billion tokens) to the presale. Within just a few weeks, Dogeverse has managed to raise over $13 million through token sales.
Additionally, 10% of the tokens are set aside for staking rewards over the next two years to promote community engagement and retain holders, while 25% are reserved for financing future initiatives within the Dogeverse ecosystem.
After the presale, 5% of the total supply will be allocated for securing listings on exchanges, and another 10% will be used to ensure liquidity on various platforms. Moreover, 10% is dedicated to supporting project finances, and 25% is allocated for marketing activities.
The presale has attracted significant participation, offering early investors the opportunity to purchase $DOGEVERSE tokens at a favorable price of $0.0003. The event continues to generate considerable interest, with investors targeting high returns.
As the project aims to quickly sell out its presale tokens, crypto investors are encouraged to act swiftly to secure their tokens before the price skyrockets.
Final Thoughts
Amid a substantial decline in the broader crypto market over the past 24 hours, Dogecoin has experienced significant losses.
These downturns have surpassed those of major cryptos such as Bitcoin and Ethereum, rushing investors to shift their focus towards small-cap tokens and emerging meme coins.
Currently, according to many popular crypto analysts, the promising option appears to be the new ICO that’s currently gaining traction – Dogeverse ($DOGEVERSE).
Dogeverse is already drawing major attention with its successful presale and innovative strategy for operating across multiple blockchains.
As the price is expected to soar, investors should quickly secure their batch before it skyrockets.
