Monday, March 18th, 2024 – Newest meme coin on the block Dogecoin20 ($DOGE20) has just raised $2 million as it throws down the gauntlet to Dogecoin, which saw its price slip 5% to $0.143 in early price action.

The $DOGE20 presale was launched last Thursday, so within four days it has pulled in $2 million from eager investors. Many a venture capital project in Silicon Valley would die for that sort of fundraising run rate. Dogecoin20 is raising half a million dollars daily.

Meme coins are again the talk of the town in crypto circles, offering, as they do, some of the best opportunities for 100x returns on investment for their often utility-light yet viral appeal.

Dogecoin20 is priced at $0.000164 but is already almost halfway through its presale, with the next price increase kicking in when the target of $2,338,280 is reached or the allotted time of two days and 15 hours, at the time of writing, has passed.

In the next step on the price ladder (Stage 6), the token will be priced at $0.000200. There are 12 stages in all. When the twelfth stage arrives, $DOGE20 will be priced at $0.000206, 47.14% above its starting price of $0.000140. The presale sells out when the hard cap total of  $6,315,663 is reached.

Suffice it to say, there is no time to lose to lock in the lowest available price before the next hike in the presale. It is the early bird that catches the worm.

Boom!!!

Another milestone in the bag for #DOGE20!

We have just raised over $2,000,000!

The excitement never ends with #Dogecoin20, stay tuned for more! #Memecoins #Altcoins #Crypto #Web3 pic.twitter.com/28AWvdtrGZ

— Dogecoin20 (@DOGE_COIN20) March 18, 2024

This is the Dogecoin upgrade that meme coin watchers have been waiting for

Dogecoin20 is a reworking of the Dogecoin dog meme coin beloved of Elon Musk. Its coat might look the same but under the hood it is all brand new. For Dogecoin20, it’s out with the mining and in with the latest blockchain technology in the form of proof-of-stake block verification. The new meme coin also goes one better on the original by offering a staking option, which means holders can generate passive income (see more on this below).

There was a time when some in crypto sneered at meme coins as a passing fad not worthy of the consideration of serious coin watchers. Well, those naysayers are the ones that have lost out on gains that have registered in the thousands of percent. But if you missed Dogecoin, Shiba Inu, Pepe or even new breeds like Dogwifhat, then fear not as Dogecoin20 is waiting for you with potential 100x gains or more.

A token category that is now valued at $56 billion can no longer be called a joke – as the inventors of Dogecoin freely admitted it was, back in 2013 when they kicked off the meme coin phenomenon. There have to date been all manner of imitators and copies of Dogecoin but Dogecoin20 is the first to do it properly, by improving on the protocol while staying true to the community’s philanthropic spirit.

Dogecoin makes use of Ethereum smart contracts to deliver passive income to stakers of $DOGE20. The choice of Ethereum also puts the Dogecoin brand on a sustainable footing. The top blockchain for dApps has just undergone a major upgrade, known as Dencun, and already the fees for Ethereum’s Layer 2 transactions have started to fall. Dogecoin20 and its token holders will be among the beneficiaries of these advances.

Another aspect to the improvements that Dogecoin20 is bringing is the problem of the infinite supply of Dogecoin. $DOGE20 fixes this emissions problem by introducing a fixed supply of 140,000,000,000.

Everyone is talking about Dogecoin20 as media coverage ramps up

Dogecoin20 has attracted top-notch media coverage in Business Insider, Benzinga, Cointelegraph, the Times of India and on widely read newswire service Cision News.  Interest in all things Dogecoin is off the charts and that is of course helped in no small part by the musings of multi-billionaire Elon Musk.

Last week at the Tesla Giga Berlin event he opined to his audience of admirers: “At some point, I think we should enable that… Dogecoin to the moon.” What is good for Dogecoin will also be good for Dogecoin20, which is why the presale has taken off in the way that it has.

If you had bought Dogecoin at its all-time low, today you would sitting on a gain of 92,632%. There is plenty more ROI to come when you consider that Dogecoin is still nearly 80% away from its all-time high price of $0.7316.

Low-cap meme coins are so attractive because of the huge upside potential, especially when denominated in such a way that there are several decimal points to be killed, as is the case with Dogecoin20.

As mentioned earlier, the other thing Dogecoin20 has going for it is staking. Buyers can stake-to-earn starting now in the presale. Rewards for stakers at the time of writing is 369% per annum. 7.5 billion $DOGE20 tokens have been staked so far, out of a total supply of 140 billion. Dogecoin20 has set aside 15% of its total token supply to distribute as rewards to stakers, providing an excellent incentive for token holders to stick with the project community for the long term.

For each ETH block produced, 6,751 $DOGE20 tokens are distributed as rewards. The greater the proportion of the staking pool owned by each staker, the greater the reward.

If you are looking for the viral attraction of the Dogecoin community but want something a little more solid in the way of a passive income and future-proof blockchain technology, then Dogecoin20 barks the loudest. $DOGE20 can be purchased with ETH, USDT, BNB or with fiat using a card. Join the Dogecoin20 community on social media at X/Twitter and Telegram.

The post Next Big Meme Coin Dogecoin20 Smashes $2m While DOGE Price Slips 5% to $0.144 appeared first on Cryptonews.