Altcoins
$DOGEVERSE Pre-Sale Raises Over $15 Million and Altcoins Outperform Stablecoins
While major cryptocurrencies like $BTC and $ETH are experiencing declines (-8.72% and -10.42% monthly declines respectively), meme coins are on the rise.
The price of $TRUMP rose by 21% in the last 24 hours and 40% in the last month; $APU saw a 27% monthly increase and 1.104% annual increase. Other altcoins are following suit, including pre-sale tokens like $DOGEVERSE.
THE the first multichain meme coin has already raised over $15 millionwith degenerate investors rushing to grab their share as less than 15% of the tokens earmarked for pre-sale remain.
Could $DOGEVERSE become the next $DOGE? Why are altcoins outperforming major cryptocurrencies? Let’s break it down.
Centralization and regulatory control destabilize the cryptocurrency market
Although the current situation cannot yet be considered a bear market, Established coin prices have recently been on a downward trend despite significant year-to-date gains ($BTC is up by 130%$ETH of 64%and $G di 566%).
A potential $XRP Robinhood List could be one of the reasons for this change. On surface, Ripple’s victory against the SEC, its readmission to the main CEXs and the probable introduction of the $XRP ETF should revive investor confidence.
However, the reliance on custodians presents a risk of centralization, where third-party platforms hold the keys to investors’ coins and therefore control their assets.
Indeed, the SEC is now going after Robinhood itselfreleasing it to Wells Notice regarding alleged securities violations. Previously, the SEC had targeted UniswapConsensys and many other popular trading platforms.
Add tighten regulations on cryptocurrencies in the United States and beyond, the imprisonment of the former CEO of Binance, e $USDT loses its peg to the mix, and a perfect storm is brewing.
Recent research by Deutsche Bank casts an even darker cloud over stablecoins, warning of a scenario where USDT decoupling could trigger huge losses for leveraged traders and destabilize the entire cryptocurrency market.
Investors Flock to Altcoins Amid Cryptocurrency Uncertainty
Given the uncertainty surrounding currencies like $BTC and $USDT, the rise of speculative coins is not that surprising.
Investors focus on volatile assets that may not have long-term potential but offer quick returns and help offset losses in established coins.
Meme coins like $WIF and $PEPE do not serve as inflation hedges and rarely have utility, but they are more attractive to investors in situations where long-term holdings are at risk.
The $DOGEVERSE presale reaches its final stages
It works simultaneously on Ethereum, BNB Chain, Polygon, Solana, Avalanche and Base$DOGEVERSE offers seamless interoperability and aims to dominate through choice rather than limitation.
Additionally, projects like Dogeverse could change the landscape of meme coins.
Wormhole and Portal Bridge technology allows $DOGEVERSE to secure cross-chain browsing, reduce transaction fees, and provide flexibility to traders.
This approach future-proofs the projectas it is not based on the performance of a single network.
Additionally, early investors can stake their $DOGEVERSE immediately up to 62% dynamic APY to maximize their returns at the end of the pre-sale. Analysts like Jacob Bury predict that $DOGEVERSE 100x increase after listingbut only time will show what the future holds.
These factors pushed investors to rush to the pre-sale of $DOGEVERSE, which recorded an increase over $15 million to date and only has one phase left until the token is requested.
💰$DOGEVERSE currently costs $0.00031, so $1K can buy over 3 million tokens.
It’s no wonder that some investors are purchasing tens of thousands worth of tokens.
TO buy $DOGEVERSE, visit the pre-sale site, connect your wallet, select the network, enter the number of tokens you want to purchase and confirm the transaction. You can stake your tokens immediately or HODL and receive them at the end of the presale.
⚠️Beware of scammers trying to replicate the project and only use the official pre-sale link.
Final thoughts
After passing the $15 million milestone, $DOGEVERSE presents last chance for investors to obtain tokens at a lower price than the list price.
With uncertainty surrounding major players and tightening regulations, investors are seeking refuge in alternative assets, and meme coins are responding with unexpected resilience.
However, in these unsettled times, we must remind you always DYOR and never invest more than you are willing to lose.
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