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Dogecoin20 has entered the market, raising over $200K in its opening presale hours.
But with the broader meme coin sector exploding, could this be the next project to rise?
Currently available at its lowest-ever presale price, potential investors can buy Dogecoin20 ($DOGE20) for $0.00014.
What Is Dogecoin20?
Inspired by the iconic meme crypto godfather, Dogecoin, Dogecoin20 builds on the project’s hype and notoriety while offering distinct advantages.
At the center of the project is a Stake-to-Earn mechanism, rewarding the community while enhancing the project’s utility.
Offering passive rewards on a high-potential token establishes a new paradigm, stoking buying pressure outside of the typical speculative-driven meme coin demand.
Currently, stakers can garner a 2,547% APY. However, this will decrease as the staking pool grows, so those looking to maximize their upside potential should not wait around.
Another advantage is that Dogecoin20’s supply is capped at 140 billion tokens.
In comparison, the original Dogecoin does not have a supply cap, making it inflationary and presenting a risk of token dilution.
Dogecoin was initially created as a joke by software engineers Billy Markus and Jackson Palmer in 2013. However, with the meme coin market maturing, Dogecoin20 presents a sophisticated alternative with cutting-edge tokenomics and utility.
Nevertheless, the project retains the fun-filled, community-led allure of its predecessor, embodying Dogecoin’s slogan of “Do Only Good Everyday.”
Dogecoin20 is native to the Ethereum blockchain, offering convenient and seamless accessibility across crypto’s most prominent smart contract network.
Could Dogecoin20 Explode?
The high-octane meme coin market dynamics make it hard to predict how far Dogecoin20 can go. Still, several promising factors indicate that this ICO should not be missed.
For instance, raising over $200K in its opening hours reflects a keen interest from value-seeking traders. With such momentum, the ICO will likely sell out fast, leading to FOMO and excitement on its exchange launch.
Additionally, the current meme coin market landscape presents optimal timing for new projects to launch.
The total meme coin market cap is $59 billion, so just a fractional portion would catapult $DOGE20’s price.
Meanwhile, its relation to Dogecoin provides instant recognisability, while its advantages over the market leader offer a compelling narrative for the community to rally behind.
Lastly, the project’s ingenious approach to tokenomics forges a runway for long-term success, placing Dogecoin20 at the frontier of meme coin innovation.
Dogecoin20 Tokenomics and Presale
While paying homage to the OG meme coin, Dogecoin20 steps into uncharted territories, striving for lasting relevance with robust tokenomics.
The project has earmarked 25% of the supply for the presale, 25% for marketing, 25% for the project’s treasury, 15% for staking rewards, and 10% for exchange liquidity.
This distribution strikes a perfect balance between community empowerment and ecosystem development.
Investors can buy the $DOGE20 token at presale for $0.00014. However, this price will incrementally rise throughout the campaign, with the next uptick occurring in six days.
Presale investors can begin staking their tokens immediately, further incentivizing early buyers.
So don’t miss the current low price of $DOGE20. Follow the Dogecoin20 X account or join its Telegram to stay updated. Alternatively, visit its website to buy and stake tokens.
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