Shiba Inu is known as the second most valuable meme coin on the market, and like many other cryptocurrencies, it has experienced significant price swings in the past few days. After huge dips last week, SHIB tokens surged by over 10% in the past 24 hours, reaching a market cap of over $16 billion.
The surge is a clear sign that the meme coin mania is still in full swing, and there is plenty of future growth room. Moreover, new meme coin presales have been booming throughout 2024, led by popular memes such as BOME, WIF, and others. The newest kid on the block – Dogeverse, is having a super-successful presale that raised over $15 million. The event ends in four days, so don’t miss your chance to get into the next x100 meme coin in the earliest stages.
What you'll learn 👉
Shiba Inu Bounces Back
After spending about a week in the red zone, Shiba Inu made a sudden recovery of over 10% in the last 24 hours. That allowed the crypto to reach a market cap of over $17 billion, pushing it ahead of Cardano as the #9 top cryptocurrency on the market. It is still the second biggest meme coin behind DOGE, and its major gains contributed to the total meme market cap that reached over $68 billion.
The pump allowed numerous investors to make a significant profit, especially one long-term holder who bought 48 billion SHIB 3.5 years ago for 2 Ethereum tokens. The trader held on to his SHIB token for years, waiting for the perfect time to sell. After the sudden gains, he traded SHIB tokens for 278.7 ETH, making a profit of over $1.1 million. In other words his gains are over 420x higher than the initial investment.
Meme Coin Market Expansion Increases Investor’s Confidence In Presales
Over $10 billion has flooded meme coin markets in the past three days, boosting confidence among crypto investors worldwide. This has also helped improve new meme coin presale numbers across the board, especially for the newest Dogecoin derivative, Dogeverse. The project’s presale is still active until the end of the week, and it has been pushing through all milestones in record time. Let’s see why it’s one of the hottest new meme coin presales in 2024.
Dogeverse – World’s First Multi-Chain Meme Coin
Dogeverse is a truly unique meme coin with excellent token utilization and massive long-term growth potential. It’s the world’s first multi-chain meme coin project that can seamlessly transfer across six different blockchains at extremely fast speeds and low cost.
It uses advanced bridging protocols, such as Wormhole and Portal Bridge, to facilitate smooth transitions across different blockchains, allowing investors to purchase and transfer their $DOGEVERSE tokens to any of the supported networks. It’s originally built on Ethereum, but will get further deployments on Binance, Base, Avalanche, Polygon, and Solana blockchains.
The project’s highlight is its staking protocol, which promotes long-term holding by offering high APYs of around 46%. The reward system was enough to attract thousands of investors looking for new memes that offer stability and potential for sustainable growth.
Dogeverse’s multi-chain strategy solves the most prevalent issue in the crypto industry: users are prevented from transferring their tokens to different blockchains due to massive gas fees and interoperability problems. The multi-chain design contributed to the hugely success presale so far, resulting in a strong community that keeps expanding every minute.
The project has attracted significant interest, raising over $15 million in its presale, which will end on June 1st, 2024. Therefore, if you’re looking to invest in this high-potential meme coin early, you only have a few more days before the project goes live on major exchanges.
By combining innovative technical solutions with a playful character of meme coin culture and an excellent marketing campaign, Dogeverse’s comprehensive approach has been a key factor in the project’s success, positioning it as one of the leading meme coin presales in 2024. If it manages to keep its momentum after reaching the market, early investors could be looking at x100 gains in the next few months.
Dogeverse Tokenomics in More Detail
Dogeverse’s tokenomics are carefully crafted, with a maxium supply of 200 billion tokens. 15% is allocated to the ongoing presale, ensuring that all early investors get a chance to purchase a significant amount of tokens. Additionally, 10% is set aside for liquidity on decentralized exchanges (DEXs) and another 10% will be given out through staking rewards, which promotes long-term sustainability and motivates token holders to hold on to their tokens for longer.
Prominent analysts and influencers across social media and YouTube are optimistic about Dogeverse’s potential, predicting a massive price boost after its launch in June this year. Some have suggested that the token could potentially see 100x gains weeks or even days after listing. The vast majority of predictions prove that Dogeverse’s multi-chain strategy made it one of the most attractive meme coin investment options this year.
However, remember that the crypto markets are highly volatile, and even the most positive outcome can quickly turn into a loss. Cryptocurrency investing is always followed by risk, but that being said, Dogeverse is definitely among the most interesting new meme coins to go live this year.
With the Dogeverse project approaching launch, investors must act quickly to buy $DOGEVERSE tokens before the presale event is over. If everything goes according to plan, the project’s unique multi-chain design could help it reach the top 100 cryptos on the market due to its ability to seamlessly hop between six chains.
Final Chance to Invest in Dogecoin Early
The bottom line is that if you want to experience gains like the SHIB investor mentioned above, it’s essential to buy into a project in its earliest stages. Considering the massive hype surrounding Dogeverse in the past few months, missing the opportunity to invest in $DOGEVERSE tokens early could be a huge mistake after it goes live in the next few weeks. So, head to the official website and buy your $DOGEVERSE tokens early to enjoy the highest returns once the project goes live.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
