Crypto News: Dogecoin’s Successor Hits The Market

New meme coins continue to witness explosive growth in the current crypto bull market, with Bome becoming the latest token to join the $1 billion valuation club after securing a Binance listing.

Another new meme coin Dogecoin20 – potentially the successor to Dogecoin – is now live in its presale phase. It is an ERC-20 token that aims to offer an improved and more sustainable version of the OG Doge through its stake-to-earn philosophy.

Dogecoin20 has been an instant hit since its launch – quickly raising close to $2 million in its ICO within just 3 days. Thanks to its innovative on-chain staking program and community-centric tokenomics, experts believe it is one of the best meme coins to invest in today.

Is Dogecoin20 The “Better Dogecoin”?

Dogecoin is one of the most popular cryptocurrencies, especially amongst the mainstream and retail traders. It comfortably maintains its position in the list of top 10 cryptocurrencies, thanks to its $21.5 billion market cap.

Doge is often called “the people’s cryptocurrency”, even by the Tesla and X owner Elon Musk, who is its biggest supporter. Musk has been responsible for a number of parabolic Dogecoin price rallies.

Last week, the billionaire revealed that Doge payments will soon be accepted by Tesla for the purchase of its EVs, resulting in a strong price surge in the meme coin.

JUST IN: Elon Musk says Tesla will enable $DOGE payments “at some point, Dogecoin to the moon.”

pic.twitter.com/nZaLhXlvgL

— Watcher.Guru (@WatcherGuru) March 14, 2024

However, the top meme coin is not without its faults. For instance, $DOGE token holders cannot stake their coins to earn passive income, which is now becoming an increasingly common feature in other popular meme tokens.

Dogecoin20 fixes this – it combines Dogecoin’s humour and legacy with the profitable income opportunity of on-chain staking. Investors can start to earn passive income from the presale itself, currently at an APY of approximately 400%. Check out the Dogecoin20 staking dashboard for the latest reward rate.

Through this stake-to-earn mechanism, DOGE20 comes closer to realizing Dogecoin’s vision of being “the cryptocurrency of the people”. Investors staking their tokens contribute to the overall price stability, network safety and security while earning attractive passive income in return.

Therefore, while it may be premature to term Dogecoin20 as the “better Dogecoin”, it could potentially emerge as a strong beta play on the OG Doge.

Dogecoin20 Tokenomics – Presale and Distribution Explained

Dogecoin20 has incorporated robust tokenomics to further attract investors.

For instance, another flaw in Dogecoin’s tokenomics is its infinite money supply, which could lead to inflation and negatively impact the value of investments. However, DOGE20 has a fixed money supply – no more than 140 billion tokens will ever be printed.

25% of the token supply has been allocated to the presale – allowing investors an equitable opportunity to buy the tokens – while another 25% of the tokens have been allocated to its marketing strategy.

15% of the tokens have been reserved for DOGE20’s staking program. They will be distributed as staking rewards across a two-year period, with 12.5% disbursed in the first year and the remaining 2.5% in the second year at a more conservative rate.

10% of the DOGE20 supply will be utilized to provide liquidity on decentralized exchanges, ensuring a smooth trading experience. Finally, the remaining 25% of the tokens will be reserved in the project treasury and utilized at later stages as per the requirement.

The ‘20’ in Dogecoin20 stands for ERC-20, considering that it is an Ethereum meme coin. Being an ERC-20 token, it is easily compatible with popular wallets such as MetaMask, making it easier for new investors to buy, store and trade the meme coin.

This also means that it uses Ethereum’s proof-of-stake consensus mechanism, which is significantly more eco-friendly than Bitcoin’s proof-of-work. It results in cheaper and faster transactions as well.

The Dogecoin20 token address is 0x2541A36BE4cD39286ED61a3E6AFC2307602489d6.

Dogecoin20 Roadmap – A Vision-Rich Future

The Dogecoin20 roadmap is publicly available on the project website.

The meme coin is currently in its presale and marketing phase, which allows investors to start with a level playing field. Presale buyers can already start to accrue passive income.

In the next stage, DOGE20 will launch on Uniswap – the largest DEX in the world – which provides an excellent trading environment. As previously mentioned, 10% of the token supply will be allocated to provide additional liquidity for a seamless trading experience. In this stage, presale buyers will also be able to claim their tokens.

In the final stage, investors can continue to trade Dogecoin20 on Uniswap or any other DEX that it launches. Additionally, they will earn long-term passive rewards from the meme coin.

Is It Worth Investing In DOGE20?

As previously mentioned, Dogecoin20 could prove to be an excellent beta play on the OG Dogecoin. With Doge being a large-cap cryptocurrency, DOGE20 could potentially offer much higher returns in the 2024 crypto bull run.

Analysts such as Jacob Bury believe that Dogecoin20 is one of the 5 best cryptocurrencies to buy today that could offer up to 100x returns. Similarly, experts such as Cilinix Crypto are also praising its price potential.

However, interested buyers looking to earn the maximum returns should look to buy DOGE20 in the presale itself. They can head to the project website and use the over-the-counter widget to buy the token through a bank card or by swapping ETH, USDT or BNB tokens.

Visit Dogecoin20 Presale