Pepe is beginning to rebound after a highly volatile price action over the last few days. But it’s too early to tell whether Pepe can make solid gains.
The growing competition from projects like Dogeverse poses a threat to the project’s dominance.
Dogeverse Presale Heats Up, Chain-Hopping Cosmo Crosses $12.5M
Dogeverse (DOGEVERSE) has been amongst the hottest meme coins of April 2024.
The Dogeverse community, launched in April, has more than 11K followers on Twitter. The presale has crossed past the $12.5M milestone by now, as investors rush to hoard the token while they can at fixed discounted prices.
Interestingly, the presale is moving ahead without any regard for the highly volatile crypto market. The frequent downturns haven’t affected it. If anything, investors have been seeking refuge in the meme coin amid the chaos.
Since the token’s launch is days away, it is immune to the current volatility.
Standing apart from the crowd of meme coins and dog coins, Dogeverse introduces a truly multichain universe for the first time in the meme coin market. That explains the growing traffic to the presale.
Early investors can buy Dogeverse now using ETH, USDT, and even credit/debit cards. The presale bypasses crypto’s usual complexities. With the end of each presale stage, a slightly higher-priced round will kick off.
The presale hard cap is set at $17,002,500. So there is limited time for investors to buy the token at a cheap entry point.
The rapidly progressing presale indicates that meme coins with real utility will steal the show this year, dethroning the likes of Pepe, Bonk, and Dogwifhat.
The Future is Multichain – And More Reasons Why Dogeverse is Going Viral
The Dogeverse presale was launched on April 8th. How did it become a viral sensation in such a short time?
The answer lies in its unique theme rooted in utility. It is designed to unite meme coin communities across Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
Cosmo, the intergalactic mascot, drives the project. Born from a collapsing supernova, Cosmo possesses the ability to “hyperjump” between blockchains.
Thanks to the multichain infrastructure of Dogeverse, investors can swap the token across blockchains for minimal fees in just a few clicks.
The project has caught the attention of analysts and publications due to its sensational presale that has been bucking the broader market bear trends.
According to YouTube analyst TodayTrader, DOGEVERSE has “1000x potential” on its listing.
Crazily optimistic? Yes. But the meme coin market owes its growth to crazy optimism and hype.
Interconnectivity Brings More Opportunities to Dogeverse
The meme coin market is rooted in speculation now. But the success of projects like Dogeverse marks a significant trend shift.
By integrating utility and technical innovation, they can receive acceptance from traditional and institutional investors.
For example, Coinbase launched PEPE perpetual futures recently, which led to a pump in the broader meme coin market. When it comes to projects like Dogeverse, the path toward mainstream acceptance and adoption is easier.
The focus on interconnectivity gives the project a strong competitive edge. It represents a new way of thinking that raises the industry standard.
For example, it allows investors to swap their DOGEVERSE tokens between Ethereum and Solana to exploit DeFi opportunities. It is also incredibly lucrative to provide liquidity across multiple chains to maximize returns.
With the help of protocols like Wormhole, Dogeverse can lead the new wave of cross-chain tokens.
The speculative potential of blockchain labels is another benefit that comes with investing in a multichain asset like Dogeverse, which is a Solana, Ethereum, and Avalanche meme coin at the same time.
In the event Dogeverse plans to incorporate more utilities like gaming, there is a wide range of opportunities, thanks to the multiple blockchain networks it functions on.
Can Pepe Survive the Dogeverse Phenomenon?
With the presale nearing a rapid sell-out, Multiple DEX and CEX launches are in the pipeline for Dogeverse.
The listings have the potential to take it high up the charts. In the weeks that follow the launch, it will be difficult for saturated meme coins like Pepe and Bonk to mark their dominance.
Dogeverse is positioning itself as a candidate with a solid technical infrastructure and community strength. But in the long term, it remains to be seen whether Dogeverse can outperform these established meme coins.
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