The newcomer to the world of memecoins, Dogeverse ($DOGEVERSE), a multichain token nicknamed the “ good dog “exceeded its preliminary sales objective by collecting more than 10 million dollarsshaking up the saturated world of memecoins.
The memecoin of tomorrow?
This latest addition to the long-running series of humorous Shiba Inu-inspired tokens has caught the attention of crypto meme fans, degens and ogs, who see in its cross-chain capabilities a glimpse of what will be THE memecoins of tomorrow.
Currently listed at $0.000301 and expected to rise in less than two daysDogeverse has already sold its soft cap allocation of 200 billion tokens, having experienced a viral success from its launch.
A million dollars flowed into the project just 48 hours after the start of its ICOexhausting the tokens allocated for the first two presale rounds and far exceeding the team's initial expectations, which anticipated a first round of 6 days.
Two weeks later, Dogeverse has already advanced to the second half of its ICO, a day earlier than expected. Another batch of 200 billion tokens will be sold to the public in the remaining five roundswhich will end on June 11.
Funds from these additional tokens, which would otherwise be sold on decentralized (DEX) or centralized (CEX) exchanges after reclamation, will now be used for liquidity and redemption fund.
Token holders can stake on Ethereum to earn passive rewards.
The team is currently working on listing applications at CoinGecko and CoinMarketCap, while future listings on DEX and CEX are part of the project roadmap.
But why exactly is everyone flocking to Dogeverse?
Let's go! 🚀#DOGEVERSE raises over $10 Million! 💰
Another incredible milestone ticked off! ✅
Join #Cosmo on his multi-chain adventures! 🌌🐕 pic.twitter.com/wNIPuHhplr
— DogeVerse (@The_DogeVerse) April 24, 2024
Dogeverse: The first “good dog” Multichain
It all started with Dogecoin (DOGE) in late 2013. Its adorable avatar didn't need much promotion since it was based on a viral meme that virtually anyone with a social media account had already seen. (Wow! Such meme! Very crypto!)
Doge was followed by Shiba Inu (SHIB), Floki (FLOKI), Bonk (BONK) and DogWifHat (WIF). All of these tokens make novel references to viral doge memes, but none of them are inherently multichain.
Dogecoin has its own proprietary network based on Bitcoin and, as a blockchain proof-of-work (PoW), it consumes a lot of electricity to validate blocks and mine DOGE.
Since then, Dogecoin's competitors have either come from the most commercially important blockchain, Ethereumor its closest rival, Solanaboth using less energy than Bitcoin and Dogecoin.
Dogeverse is built on a multichain network that encompasses six channels, none using the PoW consensus mechanism. It is already live on Ethereum, BNB Smart Chain, Polygon, Base and Avalanche. A deployment on Solana is planned soon.
At the center of the Dogeverse universe lies our four-legged friend, Cosmo. Born from a supernova, Cosmo discovered he had a unique ability: the power to jump hyper-quickly across universes.
Now Cosmo wants to share the pleasure of jump from one channel to another with its owners.
🌟 Introducing #Cosmothe remarkable #Doge born from stardust! 🌠
As the ambassador of #DOGEVERSECosmo symbolizes liberty, ingenuity, and unity.
Embark with him on an adventure across the #Crypto cosmos, breaking barriers and venturing into uncharted territories together. 🚀 pic.twitter.com/wzLatjuLMu
— DogeVerse (@The_DogeVerse) April 21, 2024
Dogeverse, Halving, and Beyond
As any owner could tell you, the memecoins are among the most volatile investments in crypto. This is because of their tendency to exaggerate market-wide price movements.
This means, for example, that on days when investors feel bold and boost Bitcoin, THE evencorners often tend to climb even higher.
Conversely, a risk-averse day in crypto can manifest as a dizzying fall in the prices of sameecorners.
Investors should therefore be aware that the performance of evencorners is linked to the perpetual crypto news cycle. That said, two immediate price factors will have a strong relationship with Cosmo's multi-chain Dogeverse.
The first is the Bitcoin halving last Saturday. Halving cuts Bitcoin mining rewards in half, effectively blocking the issuance of new BTC and helping to drive up prices.
Historically, halvings catalyzed periods of increasesand we can already see that Bitcoin has increased steadily (3%) since the halving.
The second is May 23. This is the SEC's first deadline to respond to the latest round of applications for an Ethereum ETF.
Many analysts see this date as the beginning of a potential Ethereum gold rushand as Ethereum is the most commercially important blockchain in crypto, the entire ecosystem will benefit.
Much like Layer 1 competitors like Solana and Avalanche and Layer 2s like Polygon, all natives of the Dogeverse.
Thus, Cosmo is clean and ecological, with staking and multi-chain flawless. What's not to like about crypto's new hyper-jumping dog?
Join the presale on the Dogeverse website before the price increases in less than two days.
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This article does not constitute investment advice in any way. The information provided here should not be used as a basis for making financial decisions. Cryptocurrency investments involve risks and may result in significant losses. You should only invest what you can afford to lose and carry out your own research before making any investment decisions.
