New ‘Dogecoin20’ Crypto Presale Raises $8 Million In A Week – What Is DOGE20
In Brief
Dogecoin20 is looking to leverage its meme coin fundamentals and on-chain staking mechanic to attract scores of investors to its presale. While its meme-coin aesthetics make it a suitable investment opportunity for short-term traders, its staking mechanic also gives it long-term potential.
Dogecoin20 (DOGE20), a new Doge meme-inspired token has made headline with its viral crypto presale, providing early movers with a fair chance to acquire the token at a discount ahead of its launch on Uniswap.
Despite beginning just one week ago on March 18th, the Dogecoin20 presale has swiftly captured the attention of savvy investors who are on the lookout for the next big meme coins that can deliver both short and long-term gains, already raising over $8 million with a hard cap target of just over $10 million.
Besides its meme coin aesthetics, this token comes with a high utility roadmap that could position it for success.
When it comes to tokenomics, Dogecoin20 is an ERC-20 token with a total supply of 140 billion coins. 10% of the supply has been set aside for liquidity, and 15% for staking rewards.
At press time, the token is available at an affordable price of $0.000209. The token price rises incrementally over time to afford early investors a discount.
What is Dogecoin20?
Describing itself as a “force for good,” Dogecoin20 inherits the spirit of the Doge lineage. As an innovative project, Dogecoin20 doesn’t focus on building on the success of Dogecoin alone. Rather, the token is seeking to correct some of the deficiencies of the meme coin king.
In recent times, one of the notable issues that has affected the mainstream adoption of Dogecoin is scalability. To eliminate this shortcoming, Dogecoin20 is built on the Ethereum network which provides a solution to the delayed throughput encountered with Dogecoin. With this, the new meme coin has secured enough infrastructural backing to handle numerous transactions at a time.
While embracing the ethos and legacies of the dog family, Dogecoin20 has also taken a step further with its on-chain staking mechanic, empowering early movers with passive rewards. More so, since it employs a proof-of-stake consensus mechanism, Dogecoin20 aims to be one of the greener cryptos in the meme coin space.
Finally, Dogecoin20 comes with a limited total supply, fortifying it against persistent inflation that could cause an uncontrollable downturn in its price. With its multi-phased roadmap covering presale, marketing, and Dex launch on Uniswap, Dogecoin20 is aiming to enhance its utility, expand its reach, and build a robust ecosystem.
Is DOGE20 a Good Investment?
With Bitcoin reaching a new all-time high in 2024, the prices of altcoins, including meme-inspired tokens are now also rising. The ongoing bull run in the market is no fluke as both institutional and individual investors are now showing great interest in crypto following the approval of Bitcoin ETF filings by the SEC.
The meme coin sector has benefitted massively from this bull run with well-known tokens like Pepe, Shiba Inu, Bonk, Myro, and Dogwifhat joining the list of top-gainers in the crypto market in recent weeks.
As such, Dogecoin20 is launching at the perfect time as the prevailing market conditions will have a major impact on how it moves on the price charts when it officially launches on crypto exchanges.
More so, another factor that could position Dogecoin20 for growth is its staking mechanic. While participating in the presale, investors can also stake their tokens to maximize their returns. At press time, those who buy and stake the token can earn over 100% APY. However, this reward rate is expected to reduce as more tokens are staked.
Overall, Dogecoin20 is seeking to capitalize on the growing appetite for meme coins to gain market traction. With its fantastic roadmap and staking mechanism, the token presents itself as a strong investment opportunity.
The DOGE20 crypto presale has attracted the attention of many online publications, that rank it among the top crypto presales. If it is able to sustain this momentum, the token will definitely be listed on multiple exchanges after the conclusion of its presale.
Conclusion
Dogecoin20 is looking to leverage its meme coin fundamentals and on-chain staking mechanic to attract scores of investors to its presale. While its meme-coin aesthetics make it a suitable investment opportunity for short-term traders, its staking mechanic also gives it long-term potential.
To participate in the presale, visit the official dogecoin20.io website and stay updated by following its socials on X and Telegram.
Disclaimer
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
