With Dogecoin Up 15% This Week, This Doge-Related Meme Coin Crossed $8.5 Million In Funding – Why Are Traders Backing $DOGE20?

Dogecoin is up by an impressive 15% this week as traders rush to get positioned in the meme coin giant ahead of its next anticipated move.

Elon Musk continues to drive the Dogecoin market higher after announcing that he’s obtaining an X Payments license.

With Dogecoin rising, Doge-related meme coins are gaining traction.

In particular, Dogecoin20 ($DOGE20) has raised an impressive $8.5 million this week as investors back this Doge-related upgrade.

Dogecoin Suges 15% This Week As Traders Anticipate Next Move.

Dogecoin is up by an impressive 15% this week as the cryptocurrency pushes back toward its 2024 highs.

The move higher is largely attributed to Elon Musk’s announcement that X.com has succeeded in obtaining Payment Licenses in 3 states. As a result, many traders believe $DOGE payments are on the way.

$DOGE had surged at the start of March to reach a high above $0.2. It has since retraced through the month but found support at $0.126 (.618 Fib Retracement) last week.

Fortunately, this week’s 15% price surge has allowed $DOGE to return above the November 2022 high of $0.17.

Looking ahead, the first resistance lies at $0.2. This is followed by $0.214 (Jan 2022 high), $0.22, $0.238 (1.272 Fib Extension), $0.256 (1.414 Fib Extension), and $0.281 (1.618 Fib Extension).

On the other side, support first lies at $0.172. This is followed by $0.158, $0.143, $0.126 (.618 Fib), $0.12, and $0.1.

What Other Doge-Related Meme Coins Are Making Noise

While Dogecoin surges, the dog-based meme coin market continues to thrive.

In particular, a newly emerging Doge-related meme coin is gaining traction as investors believe its unique passive income appeal is enough to bring 10x returns following its launch.

Dogecoin20 has now raised an impressive $8.5 million in fundraising as investors rush to buy big bags of the newly trending $DOGE20 token.

Dogecoin20 ($DOGE20) Crosses $8.5 Million Milestone.

Dogecoin20 ($DOGE20) has raised a staggering $8.5 million in fundraising just one week after opening its doors.

Investors are rushing to this passive income opportunity that seeks to become the ultimate Dogecoin upgrade.

Dogecoin20 ($DOGE20) is a unique Doge-related meme coin that’s pushing Elon Musk’s favorite coin into a sustainable future. The project pays homage to the legendary Dogecoin concept but brings a fresh twist to the meme coin sector by offering a unique staking feature that opens the door to passive income.

Driven by the ethos of “Do Only Good Everyday,” Dogecoin20 lives through the spirit of Dogecoin but seeks to elevate its technology and bring it into the modern DeFi era.

The proof-of-stake blockchain utilized by Dogecoin20 is much more environmentally friendly than Dogecoin’s proof-of-work.

It also allows users to stake their tokens and start earning a passive income. Everybody staking $DOGE20 will be rewarded with more tokens based on their staking percentage of the overall pool.

The team has allocated 15% of the total $DOGE20 supply to provide rewards for the next two years, with 12.5% set to be distributed in its first year.

Dogecoin20 has a 140 billion $DOGE20 token supply, ending the infinite inflation that $DOGE experiences.

Finally, Dogecoin20 is an ERC-20 token, meaning it’s DeFi-ready and compatible with all major wallet providers in the sector.

Get Positioned Today For Early Adopter Prices

The presale provides the perfect opportunity to get positioned in $DOGE20 at what could be the lowest prices available.

The presale is currently selling $DOGE20 for $0.000209.

However, it’s important to mention that it uses a rising pricing strategy, meaning the cost of the token increases during subsequent presale stages.

Therefore, those positioned earliest benefit the most from the lower entry cost.

25% of the total 140 billion $DOGE20 supply is being sold in the presale.

Of the remaining supply, 25% is used for marketing, 25% for the project treasury, 15% for staking rewards, and 10% for DEX liquidity.

Users can buy $DOGE20 using $ETH, $USDT, or a credit/debit card through the project’s website.

Overall, with $8.5 million raised, Dogecoin20 is shaping up to be a prominent player in the Doge-related meme coin market. Its unique passive income structure is attracting funding for the project.

Buy $DOGE20 Today

Disclaimer: We advise readers to do their own 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 cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.