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

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

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Last updated: 2024/05/01 at 10:11 PM
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Dogeverse, the latest Shiba Inu-inspired meme coin, is making waves in the crypto world with its multichain capabilities and hyper-jumping cross-chain technology. The ongoing presale has already raked in $13 million, with $2 million coming in during the first five days of deployment on Solana. Now, SOL fans can also get in on the action, as Dogeverse has rolled out on Solana, joining a digital economy with over $3.465 billion in total value locked, 1.13 million active users, and 2,500 monthly active developers.

As Dogeverse exists on multiple chains, it can be purchased using various cryptocurrencies, including Ethereum, BNB Smart Chain, Polygon, Avalanche, Base, and now Solana. To purchase with SOL, users can simply visit the website and select “Buy With SOL” from the drop-down menu. This will redirect users to a Solana-based version of the site where they can make their purchase using Circle’s USDC stablecoin, which is the preferred stablecoin on the Solana network.

Currently priced at $0.000304, Dogeverse has already sold out its initial soft cap allocation of 200 billion tokens. The project trended viral upon launch in April, raising $1 million in the first 48 hours of the ICO. The success has allowed Dogeverse to move onto the second half of its ICO ahead of schedule, with another 200 billion tokens being sold to the public. The presale was originally planned to conclude on June 11 but is likely to end much earlier due to high demand.

Dogeverse aims to bridge blockchains with its innovative technology, offering a unique multichain network that spans six chains. At the heart of Dogeverse is Cosmo, a hyper-jumping multi-chain good boy born from a supernova. With its staking capabilities and seamless multi-chain functionality, Dogeverse aims to revolutionize the meme coin market and challenge the dominance of traditional cryptocurrencies like Dogecoin.

Analysts are keeping an eye on potential price-driving news on May 23, as the SEC reviews applications for US spot Ethereum ETFs. The approval of these ETFs could have a significant impact on the crypto market, benefiting not only Ethereum but also Layer 1 competitors like Solana and Avalanche, both of which are native to the Dogeverse. With the potential approval of spot Ethereum ETFs, the entire crypto ecosystem could see a surge in activity, making Dogeverse a promising investment opportunity.

In conclusion, Dogeverse offers a unique opportunity for investors to participate in the growing meme coin market with its innovative multichain technology and hyper-jumping capabilities. With the ongoing presale and the potential approval of US spot Ethereum ETFs on the horizon, Dogeverse is poised for growth in the coming months. Investors looking to capitalize on the rise of meme coins and the broader crypto market may consider joining the presale on the Dogeverse website before the price increases.

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News Room May 1, 2024
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