New cryptocurrency ICO Dogecoin20 raises $250,000 on first day of launch – The next big meme coin?

adminMarch 15, 2024

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Dogecoin20 is the latest and greatest addition to the Doge meme coin family. Dogecoin20 ($DOGE20) is a great upgrade to the dog meme coin and could be the next Dogecoin or Shiba Inu.

Dogecoin20 raised $250,000 in less than 24 hours, making it a leading candidate to become the next meme coin to explode virally.

From jokes to multi-billion dollar valuations, Dogecoin is the number one dog meme coin in a community built around meme humor on the internet. It was Doge who captured the zeitgeist of the cryptocurrency online world when Billy Markus and Jackson Palmer dreamed up joke coins while working at their jobs.

No one laughs about meme coins anymore. The meme coin category is valued at $56 billion, while the market caps of Dogecoin and Shiba Inu cryptocurrencies are $22 billion and $16 billion, respectively. To put it another way, Dogecoin was created by Warner Bros. It has the same market value as Discovery or State Street.

Just as the death of Bitcoin has been predicted many times, the same is true for meme coins. But while there is only one Bitcoin, there are thousands of meme coins competing for our attention.

However, no one is better able to capture the attention of market participants than Dogecoin20. Because this is the first serious upgrade to the Dogecoin brand and product offering.

🚀 #DOGE20 It’s not just another offshoot inspired by the Shiba Inu.
In keeping with Dogecoin’s ethos of doing only good things every day, it offers passive rewards through on-chain staking. 🌱🌟
Our most widely loved products embrace a greener, more sustainable future. #memecoin oh my god! 🐾 pic.twitter.com/zqlONodRPB
— Dogecoin20 (@DOGE_COIN20) March 14, 2024

$250,000 has already been donated to the Dogecoin20 presale as the new Dogecoin sprints towards its first price increase through staged funding.

There is no time to waste to capture the next cryptocurrency low and create more meme coin millionaires.

Buyers can also secure a stake from the start, even while fundraising is ongoing, giving them an additional incentive to participate early in the ICO. As of this writing, the reward for stakers is 2,073% per annum.

As we have seen, Shiba Inu and Dogecoin are worth billions of dollars today. From the perspective of investors seeking alpha, this means there are likely to be better risk-reward opportunities among small-cap meme coins.

This intuition is borne out by the facts, as you can see in the chart below, where new ‘small fry’ competitors such as $PEPE, $WIF, and $FLOKI are outperforming incumbents.

Dogecoin Needs an Upgrade – Dogecoin20 to the Rescue

Still, for all of Dogecoin’s success since its launch in 2013, 10 years is a very long time in the cryptocurrency world, so it’s time for a revamp, and that’s what Dogecoin20 is all about.

Since 10 years in cryptocurrency equals 100 years in the legacy world, it could be said that Dogecoin’s return is long overdue.

And to say that cryptocurrency watchers are scrambling to get in on the Doge action would be underestimating this emerging cryptocurrency bull cycle.

Elon Musk is still obsessed with Dogecoin. At the Tesla Giga Berlin event this week, he was asked whether he would use Dogecoin to make payments for his company. His answer was greeted with cheers from the audience. “I think we should make it possible to take Dogecoin to the moon at some point.” In response, Dogecoin pumped another 10%.

Those who bought Dogecoin at its lowest point nine years ago would see a gain of 92,632% today. Even more surprisingly, these returns are against the backdrop of Dogecoin’s 77% decline from its all-time high.

The Dogecoin Shiba Inu mascot still has a long way to go, so the launch of $DOGE20 is just in time, with a menu of improvements that will take the Dogecoin meme coin community to new heights.

Elon Musk attending Giga Berlin today.
“When can I buy a Tesla with Dogecoin?”
“I think we need to activate this at some point.” 😂🔥 pic.twitter.com/Suk7bifuHC
— Doge of the Coin ⚔️ (@dogeofficialceo) March 14, 2024

Dogecoin on Ethereum makes Dogecoin20 a future-proof, always-improving Doge. Here’s why:

When Dogecoin was designed, it relied heavily on technology from Litecoin, which was the second-largest coin after Bitcoin at the time. Litecoin is actually a fork of the Bitcoin blockchain, inheriting the proof-of-work idea for a block verification mechanism, but with a new system called Scrypt.

Because Scrypt is less energy-intensive and faster than Bitcoin’s proof-of-work, it has been adopted by several other coins, including Litecoin and Dogecoin.

Fast forward to 2024 and even Scrypt is technologically out of step with more and more coins switching to proof-of-stake. The math problem must be solved through a wasteful process of competition between miners.

Unlike Dogecoin, Dogecoin20 runs on the proof-of-stake Ethereum network, bringing Dogecoin up to date with the latest blockchain technologies.

In fact, while proof-of-stake has been around for some time, it is a relatively recent development for Ethereum, and Ethereum is probably the most important blockchain in the cryptocurrency space due to its ability to run an infinite number of decentralized applications.

The team of developers led by founder Vitalik Buterin has shown itself to be adept at upgrading the Ethereum network with minimal difficulty. The most recent example of this is the Dencun upgrade, as the project progresses on a roadmap to deliver an ultra-fast and low-cost decentralized network with the scale to run all manner of commercial and industrial-grade applications.

Staking is meant to reward community philanthropy and maintains the spirit of the original Dogecoin.

Dogecoin20 is not only an ERC-20 Ethereum compatible token, part of a network that is forward-looking and continuously improving its technology stack, but it also offers passive income through on-chain staking.

Community building and staking are a partnership made in heaven. Dogecoin20 has allocated 15% of its total token supply to distribute rewards to its staker community. Total token supply is 140 billion.

Compensation is paid out over two years. You can distribute 12.5% of your supply in the first year, and an additional 2.5% in the second year. The higher the percentage of the staking pool a staker owns, the higher the rewards. 6,751 Dogecoin20 will be distributed as a reward for each ETH block.

Staking encourages the community to take a long-term perspective. Just as tipping culture allowed Dogecoin to grow its community early on, the Dogecoin20 team sees a similar dynamic at work with staking. However, instead of handing out tokens, stakers receive tokens as rewards as a source of passive income.

But Dogecoin20 also stays true to Dogecoin’s philanthropic culture. Like Dogecoin, Dogecoin20 will encourage its community to “do only good things every day.”

Dogecoin’s motto, as stated on dogecoin.com, is to support and be kind to one another. But to do that, you first need to acquire wealth so you can donate some of it to good causes.

Dogecoin20’s life mission is to empower the community to grow and enrich itself in order to “do only good things every day.” What’s not to like?
$DOGE20 can be purchased with fiat using ETH, USDT, BNB or cards. Stay in touch about this fast-moving project. X/Twitter And Telegram.

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