Outside Source
There’s a new meme coin launched this week that has got retail investors talking.
Called Dogeverse (DOGEVERSE), this playful project has raked in over $1 million in just the opening days of its limited-time presale phase.
DOGEVERSE Aims to Be a Universal Meme Coin with Real Utility
Dogeverse is more than just another dog-themed meme coin with no use case.
It has some legitimate utility baked into its premise of being the world’s first “chain traveling Doge.”
According to Dogeverse’s whitepaper, its key innovation is that it can operate simultaneously across multiple blockchain networks, including Ethereum, BNB Chain, Polygon, Base, Avalanche, and Solana.
That means investors can access and use DOGEVERSE with minimal hassle, regardless of which crypto ecosystem they are involved in.
It’s almost like having a universal meme coin that can “travel” between different networks in the crypto space.
So, someone who is heavily invested in the Solana ecosystem, for example, would no longer need to move over to Ethereum to gain exposure to DOGEVERSE.
But it’s not just about accessibility – DOGEVERSE also has tangible financial perks.
Holders can stake their tokens and earn passive rewards, and the team plans to implement other “community incentives” later.
At the time of writing, DOGEVERSE stakers can earn a jaw-dropping 582% annual return by locking up their tokens.
Dogeverse’s Presale Gets Off to a Sizzling Start
So far, the buzz around Dogeverse stems from the strong start to its ongoing presale event.
Like many new crypto projects, tokens are being offered to early investors at a discounted entry price before eventual listings on decentralized and centralized exchanges.
But the way that Dogeverse has structured its presale, with 15% of the 200 billion fixed supply on offer, has clearly piqued interest.
DOGEVERSE tokens currently sell for just $0.000291 each, a price that will rise incrementally as new funding milestones are met.
To put that in perspective, if an investor puts down $1,000 at this stage, they’ll walk away with more than 3.4 million DOGEVERSE tokens.
This presale model, combined with Dogeverse’s hilarious branding and multi-chain concept, has proven to be a winning formula.
The project’s social media channels, such as its Twitter page, have exploded with new followers eager to get in on the ground floor.
Whether Dogeverse sustains this early momentum remains to be seen, but the token is undoubtedly off to a hot start.
Meme Coins Have Their Mainstream Moment & DOGEVERSE Looks Primed to Capitalize
While the meme coin craze was once dismissed as a fad, 2024 has shown that this niche is here to stay – and potentially go even more mainstream.
According to a CoinGecko report, meme tokens were actually the top-performing crypto narrative to start the year.
Projects like dogwifhat (WIF), which offer little in the way of real-world utility, have seen their prices and market caps explode as speculative traders pile in.
It’s now getting harder to ignore the “dumb” money pouring into this space.
In that context, Dogeverse and its multi-chain ambitions could be incredibly well-timed.
By taking a concept that has already led to billions in trading volume and making it accessible across multiple blockchain ecosystems, it increases the pool of interested investors and retail traders.
Of course, crypto purists might be alarmed at the lack of practical use cases.
But if the start of 2024 has taught us anything, it’s that memes and cultural relevance often trump fundamentals in this market environment.
Dogeverse is embracing that absurdity – and so far, it’s resonating with the investment community.
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