As the crypto market continues its bull run, meme coins have been exploding left and right – but Shiba Inu has shown some interesting progress in particular.
To be specific, Shiba Inu (SHIB) increased by 10% in the last two weeks, now trading just below $0.0003. Despite this recent gain, it’s important to note that SHIB is still down by 10% over the last week.
But even though many are predicting that Shiba Inu will continue to grow, there’s one new player in the market that could easily outperform it in the following weeks—Dogecoin20 ($DOGE20). In just a short period of time, $DOGE20 has raised $2.1 million in its presale. Analysts see a lot of potential in it, making it a key player to keep an eye on in the crypto world.
Shiba Inu (SHIB) Skyrockets 200% in a Month— But Dogecoin20 ($DOGE20) Predicted to Outperform It
Over the weekend, Shiba Inu (SHIB) saw its price drop, but it quickly recovered, outperforming Bitcoin ($BTC) with a 10% rise in the last two weeks to trade at about $0.00002875.
This performance is part of a larger trend that saw SHIB’s price increase by 200% over the past month, making it one of the top performers in that period.
Factors contributing to SHIB’s potential for further gains include its burning mechanism, which reduces the total supply by permanently removing some coins from circulation. This month, the burn rate jumped significantly, with a peak increase of 30,000% at one point and a recent spike of over 2,000%.
The effects of Shibarium, SHIB’s layer-2 scaling solution, are also notable. Shibarium has processed over 400 million transactions, and the number of wallet addresses is nearing 4 million.
But even though popular tokens like Shiba Inu tend to take the spotlight during a bull run, it’s always the “underdogs” that end up bringing in the most profits.
In this case, the underdog everyone’s been waiting for is Dogecoin20.
Dogecoin20 Inspired by DOGE but Is Bringing New Features and Capabilities to the Table
Dogecoin20 is inspired by Dogecoin and aims to leverage its popularity by offering additional benefits. It features a Stake-to-Earn system that rewards participants, adding more value to the community’s involvement.
This project introduces a way to earn passive rewards with a token that has a lot of growth potential. This creates an attractive reason for people to buy into $DOGE20 beyond just speculation, which is common with many meme coins.
For those staking their tokens, there’s an impressive 369% APY available right now. And as more people join the staking pool, this rate will drop. So, for anyone looking to get the most out of their investment, you should act soon.
One of the key advantages of $DOGE20 is its fixed supply limit of 140 billion tokens, setting it apart from the original Dogecoin, which has an unlimited supply. This difference aims to reduce the risk of devaluation through token dilution.
Dogecoin, launched in 2013 by Billy Markus and Jackson Palmer, began as a humorous project. Today, $DOGE20 offers a more sophisticated alternative, with better token economics and practical uses, while still keeping the community-focused and positive ethos of Dogecoin with its “Do Only Good Everyday” slogan.
$DOGE20 has quickly attracted over $2 million in just a few days since its launch, showing that investors are paying attention to its potential. This strong initial interest suggests that the ICO might sell out fast, which is generating excitement for its expected listing on exchanges.
With the meme coin market worth $59 billion, there’s a significant opportunity for new projects like Dogecoin20. Even a small portion of this market could greatly increase $DOGE20’s value. Its association with Dogecoin not only helps it stand out but also could draw in a community of supporters.
Dogecoin20 ($DOGE20) Raises $2M in Presale In Record Time – Investors Looking to Grab Tokens at a Lower Price before the Project Explodes
Dogecoin20 is focusing on building a sustainable economic model. Here’s how the tokens are distributed:
- 25% are available during the presale
- 25% are earmarked for marketing to help spread the word about the project
- 25% goes into the project’s treasury to fund future development
- 15% are set aside for rewards to users who stake their tokens, and the last
- 10% is used to ensure there’s enough liquidity on exchanges for smooth trading
This distribution strategy is designed to promote the growth of Dogecoin20 and encourage active participation from its community. During the presale phase, investors can buy $DOGE20 tokens at an initial price of $0.000164. This price is set to go up in stages during the presale, with the first increase happening soon.
For those interested in getting involved early, buying during the presale allows immediate staking of tokens, providing an extra benefit for acting quickly. With the presale price expected to rise, now is a good time for investors to buy in at the current lower rate.
Final Thoughts
In the past month, Shiba Inu (SHIB) saw a significant increase in its price, with a 200% rise. This has led to speculation about whether SHIB can keep up this pace or if it has already peaked.
But regardless of whether Shiba Inu continues to rise or not, there’s one token that is set to “dethrone” it in the upcoming weeks—Dogecoin20 ($DOGE20).
The project’s presale is gaining traction quickly, indicating strong potential to bring gains in the 100–150x range.
Moreover, there’s still a chance to get in on $DOGE20 at a price that’s expected to be just a fraction of its future value once the project takes off.