A new meme coin has caught the attention of crypto investors with its multi-chain ambitions and fittingly quirky mascot.
Titled Dogeverse (DOGEVERSE), this community-driven project has already raised over $2 million in its ongoing presale phase as the retail crowd buys in.
Dogeverse presale kicks off with enormous retail demand
The new meme coin Dogeverse is off to a blazing start in its presale.
Despite only launching on Monday, the project has already raised an average of $700,000 each day from buyers looking to get in early on its multi-chain capabilities.
With a fixed supply of 200 billion tokens and 15% allocated to presale buyers, there’s been no shortage of appetite for this dog-themed crypto.
Interestingly, Dogeverse’s presale will occur across several stages, with the price per token increasing incrementally as new milestones are unlocked.
Due to this, investors are looking to get in sooner rather than later – especially given the development team’s plans for the token to launch on DEXs once the presale has concluded.
Following these DEX listings, DOGEVERSE will ultimately make its way to CEXs if all goes according to plan.
Members of Dogeverse’s Telegram channel are already looking forward to these listings, believing they could boost accessibility and visibility of the token.
DOGEVERSE aims to be world’s first chain travelling meme coin
Dogeverse is looking to set itself apart by being the “world’s first chain traveling doge.”
The project isn’t content with living on one blockchain - it aims for a presence on Ethereum, BNB Chain, Polygon, Solana, Avalanche, and even Base.
This ambitious vision is embodied by Cosmo the Doge, Dogeverse’s cute canine mascot.
According to Dogeverse’s narrative, Cosmo was born with the ability to “hyperjump” between different crypto networks.
Giving DOGEVERSE that same cross-chain capability opens the doors for greater accessibility, reduced friction, and increased utility in the meme coin space.
But it’s not just about being everywhere – there are also incentives to hold DOGEVERSE.
The token has a staking protocol that lets holders earn rewards by staking their DOGEVERSE tokens on Ethereum.
At the time of writing, annual yields are estimated at 530%, although this figure will decrease as more DOGEVERSE tokens are staked.
So, in addition to the cross-chain factor, there’s a real economic model underpinning Dogeverse.
Meme coin mania on non-ethereum chains could benefit DOGEVERSE Token
Interest in Dogeverse is spreading beyond its presale numbers.
Dogeverse’s Twitter following has grown to over 1,400 in under four days as meme coin enthusiasts latch onto its ambitious concept.
Dogeverse has also been featured by the 99Bitcoins YouTube channel, which has over 700,000 subscribers.
And this is only the beginning if the Dogeverse roadmap is achieved.
The team has mapped out aggressive marketing initiatives, exchange listings, and “community incentives,” which are still to be revealed.
With meme coin mania extending to blockchains like Solana and Base in 2024, Dogeverse may also benefit from the growing trend of tokens being launched on different networks.
Moreover, the recent successes of “no-utility” meme coins, like dogwifhat (WIF) and Book of Meme (BOME), highlight just how rabid the appetite for pure speculation has become.
Whether Dogeverse lives up to the hype or not, one thing’s for sure – the project has already generated significant interest in the meme coin community.