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Reading: Solana’s top multichain meme coin Dogeverse raises $13 million in ongoing presale
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Gulf Press > Business > Crypto > Solana’s top multichain meme coin Dogeverse raises $13 million in ongoing presale
Crypto

Solana’s top multichain meme coin Dogeverse raises $13 million in ongoing presale

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Last updated: 2024/05/01 at 9:05 PM
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Dogeverse has introduced Solana to its ecosystem, with a presale for Dogeverse tokens on Solana generating $13 million in investments so far. This move has attracted meme fans, degens, and crypto enthusiasts who see Dogeverse’s cross-chain capabilities as a glimpse into the future of meme coins. The addition of Solana to Dogeverse marks the sixth native chain it operates on, joining an active digital economy with a high total value locked and a large user base. Dogeverse tokens can now be purchased using Ethereum, BNB Smart Chain, Polygon, Avalanche, Base, and Solana. To buy with Solana, users simply need to select “Buy With SOL” on the website and proceed with the purchase.

The ongoing Dogeverse ICO has been met with great success, with the initial soft cap allocation of 200 billion tokens selling out quickly. An additional 200 billion tokens are being sold across remaining rounds before the presale closes, which is likely to conclude earlier than anticipated due to the overwhelming response. Token holders can stake on Ethereum to earn passive rewards, and the team is working towards listings on CoinGecko and CoinMarketCap, with DEX and CEX listings planned for the future. The funds from these token sales will be used to enhance liquidity for high-volume trading and buy-back funds.

Dogeverse aims to capitalize on the market’s interest in canine-themed coins by offering a multichain network that spans six chains without using the energy-intensive Proof-of-Work consensus mechanism. At the heart of Dogeverse is Cosmo, a four-legged friend born from a supernova with the unique ability to hyper-jump across universes. Dogeverse hopes to challenge the dominance of the original Dogecoin by offering a more eco-friendly and efficient alternative that leverages multiple blockchain networks.

The upcoming SEC deadline on May 23 for US spot Ethereum ETFs could be a price-driving event for cryptocurrencies, including those native to the Dogeverse like Solana and Avalanche. If approved, Ethereum ETFs could open doors for similar products on other Layer 1 and Layer 2 networks, potentially boosting the entire ecosystem. Cosmo, as the representative of six different blockchain networks, stands to benefit from this potential ETF approval and the broader positive impact on the crypto market. With staking capabilities, seamless multi-chain functionality, and a promising news cycle ahead, Dogeverse’s Cosmo is poised to become a popular choice for investors looking for a hyper-jumping pup.

In conclusion, Dogeverse’s expansion to Solana and its ongoing presale for Dogeverse tokens on multiple chains have garnered significant interest from investors and crypto enthusiasts. With a successful ICO, plans for listings on major platforms, and the potential impact of Ethereum ETF approvals on the market, Dogeverse is positioning itself as a competitive player in the world of meme coins. As Cosmo continues to bridge different blockchains and offer unique benefits to token holders, Dogeverse remains a promising project to watch in the evolving crypto landscape. Don’t miss out on the opportunity to join the presale and be a part of Dogeverse’s exciting journey.

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News Room May 1, 2024
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