Dogecoin whales rejoice as DOGE price surges 44% in the past 7 days to reach $0.18 – can this momentum push DOGE past $0.26?
Meanwhile, many Dogecoin whales are diversifying their altcoin wallets with a popular Dogecoin alternative, Dogecoin20 (DOGE20), with its low market cap unlike Dogecoin, giving investors a chance to earn greater ROI of up to 100x compared to Dogecoin reaching $0.26 – which would represent a 44% gain from its current price point.
Elon Musk's X Payments Expansion Fuels Dogecoin Price Surge
A closer look at the Dogecoin price movement reveals a potential breakout scenario, with the price correcting within a pennant pattern. This pattern typically emerges within an established uptrend, suggesting a temporary pullback before resuming the upward trajectory.
The recent surge in DOGE price can be attributed to Elon Musk's financial service, X Payments, expanding its operational reach by securing money transmission licenses in several US states. This development has reignited speculation about integrating cryptocurrencies like Dogecoin into the platform, driving renewed interest in the meme-inspired cryptocurrency.
While Dogecoin seems like a strong candidate for Musk’s finance service, it harbours various flaws that low cap altcoin DOGE20 seeks to correct. With many Dogecoin whales looking for greater ROI cryptocurrencies, DOGE20 is positioned to become the Doge-based meme coin of choice for most investors – making Dogecoin20 an even more promising candidate for mass adoption than Dogecoin.
Dogecoin20: The Ultimate Doge Upgrade
Inspired by the iconic Dogecoin but with a fresh twist, Dogecoin20 is an Ethereum-based ERC-20 token. While paying homage to its predecessor, Dogecoin20 introduces innovative features aimed at maximising returns for investors.
Built on the Ethereum network, Dogecoin20 offers a unique staking feature that allows buyers to earn passive income by staking their $DOGE20 tokens. With 15% of the total supply allocated to staking rewards, investors have the opportunity to participate in the action and earn rewards over a two-year period.
This passive income opportunity is a significant advantage over Dogecoin, which lacks a staking mechanism. To participate in staking and earn rewards, you can use a MetaMask wallet connected to the Ethereum network.
In addition to staking rewards, Dogecoin20 boasts faster transactions and a community-centred approach. By operating on Ethereum's Proof-of-Stake protocol, $DOGE20 transactions are quicker and more energy-efficient compared to traditional mining-based cryptocurrencies.
Furthermore, being part of the Ethereum ecosystem positions Dogecoin20 as a secure and decentralised token, ideal for community-driven initiatives.
The tokenomics of Dogecoin20 are designed to ensure a fair launch and sustainable growth. With 25% of the token supply allocated to the presale, marketing and project treasury, meanwhile, 10% is reserved for exchange liquidity – with Dogecoin20 aiming to provide liquidity and stability from the outset.
Dogecoin20's roadmap outlines a strategic approach to achieve long-term success:
1. Presale and Marketing: The project kicked off with a fair presale, with a portion of funds allocated to professional marketing strategies.
2. Early Staking Incentive: Presale buyers have the opportunity to stake their tokens before listing day, maximising their returns through early staking incentives.
3. Presale Token Claiming: To ensure a fair launch, presale buyers can claim their tokens simultaneously with the Uniswap listing.
4. DEX Launch on Uniswap: Dogecoin20 will debut on Uniswap, providing optimal trading conditions and early liquidity.
5. Allocated Liquidity Provision: The team will contribute a substantial liquidity pool to Uniswap, ensuring liquidity and stability.
6. Long-Term Staking for Passive Income: The staking contract is programmed to issue rewards based on the original Dogecoin emission schedule, offering passive income opportunities to holders.
Investors can participate in the purchase $DOGE20 using Ethereum (ETH), Tether (USDT), Binance Coin (BNB), or even fiat currency. However, using BNB disqualifies you from the attractive 120% annual staking return offered by $DOGE20.
In conclusion, while Dogecoin may continue its upward trajectory in the short term, Dogecoin20 presents a more appealing investment opportunity for greater ROI, as more Dogecoin whales steer towards this improved alternative to Dogecoin.
To learn more about DOGE20's latest developments, follow them on X (Twitter) or join their Telegram channel. You can also visit their website for a detailed breakdown of how to acquire and stake their tokens.
Investors can buy $DOGE2 early to maximise their gains before the meme coin becomes a 100x crypto.
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