New dog meme coins like Dogeverse and Dogecoin20 are surging in popularity on Solana and Ethereum ahead of Bitcoin halving and Doge Day.
While the frog-themed meme coin Pepe (PEPE) faces a recent decline, a pack of new dog-themed contenders are surging in popularity. This new wave, particularly those built on the Solana and Ethereum blockchain, is attracting investors seeking the next big return.
This surge in interest coincides with a unique combination of factors: the impending Bitcoin halving, the cultural significance of 4/20 and the potential for explosive growth on the Solana and Ethereum platforms.
Pepe Feels the Squeeze, But Hope Remains
It hasn't been smooth sailing for Pepe holders lately. The meme coin, which soared to an all-time high of $0.00001064 in mid-March, has shed roughly half its value, currently trading at $0.0000553.
This decline reflects a broader market correction triggered by global uncertainty. However, there's a glimmer of optimism for Pepe bulls. The coin appears to have found support at its current price point, hinting at a potential reversal as we inch closer to Bitcoin's halving event on April 20th.
Historically, halving events have served as catalysts for Bitcoin bull runs and Pepe could benefit from a broader market upswing.
Dogeverse: A Multi-Chain Revolution with Star Power
Dogeverse explodes onto the scene with a ground-breaking concept that could catapult its popularity this meme coin season. This multi-chain functionality offers a unique selling proposition, and its potential expansion into NFTs and DeFi could add significant value for investors.
Dogeverse plans to launch its token ($DOGEVERSE) on six popular blockchains: Ethereum, Binance Chain, Polygon, Solana, Base and Avalanche.
This caters to users with varying preferences for transaction fees, network speeds and functionalities. Users can choose their preferred chain to buy and claim tokens, fostering a broader and more diverse investor base.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
PURCHASE $DOGEVERSE AT LOW PRESALE PRICE POINT
Adding another layer of appeal for investors, Dogeverse boasts a staking protocol. $DOGEVERSE token holders can earn passive rewards by staking their tokens, providing an additional incentive for long-term investment.
While still in its early stages, Dogeverse is already generating excitement, with popular YouTubers ClayBro and Austin Hilton endorsing the project and highlighting its potential for 100x growth. This attention from established figures in the online space further fuels speculation and anticipation within the meme coin community.
Dogecoin20: A Cleaner Doge with Early Success
Another project attracting attention is Dogecoin20 ($DOGE20). This project aims to be a cleaner, greener version of Dogecoin, leveraging the Ethereum blockchain for faster and more energy-efficient transactions compared to Dogecoin's Proof-of-Work model.
Dogecoin20 utilises the Ethereum blockchain's Proof-of-Stake consensus mechanism, which is significantly less energy-intensive compared to Dogecoin's Proof-of-Work model. This eco-conscious approach appeals to investors concerned about the environmental impact of cryptocurrency mining.
BUY AND STAKE $DOGE20 TODAY AND JOIN THE BULL RUN!
Similar to Dogeverse, Dogecoin20 offers staking rewards for holders of its $DOGE20 tokens, encouraging long-term investment.
Dogecoin20's presale recently concluded after exceeding its target of $10 million due to overwhelming investor demand.
The project has even moved its token claim date and DEX launch forward by two days to capitalise on the upcoming Bitcoin halving and Doge Day, which both fall on April 20th. This strategic move positions Dogecoin20 to potentially benefit from the anticipated market upswing surrounding these events.
A Dog Day Afternoon for Meme Coins?
The convergence of the Bitcoin halving, Doge Day and the emergence of innovative new dog meme coin projects has created a perfect storm for potential growth in this sector.
Pepe holders, facing a recent price decline, are actively seeking out new investment opportunities. These new dog-based meme coins offer unique propositions that cater to this demand.
The coming weeks will be interesting to watch as these new dog meme coins face their first major test – capitalising on the hype surrounding the Bitcoin halving and Doge Day.
With their innovative features and strategic planning, Dogeverse and Dogecoin20 could potentially steal the show and usher in a new era of dog-themed dominance in the meme coin world.
