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5 up-and-coming DOGE projects that might be worth your investment

During the 2021 bull run, cryptocurrencies with a dog motif dominated the market. On April 2nd, Elon Musk tweeted, “Dogecoin might be my favourite cryptocurrency.” It’s pretty cool.” Dogecoin — cryptocurrency’s original meme – surged from a modest $0.05(R0.78) to a high of $0.75(R11.74) on May 7th in the weeks that followed. That indicates that a DOGE holder with $100(R1600) in Dogecoin on April 2nd would have $1500(R23 500) less than a month later.

With Tesla CEO Elon Musk incorporating DOGE into its accepted payments for merchandise sales and supercharging stations, as well as suggesting that people who subscribe to Twitter Blue should be able to pay with Dogecoin, DOGE (approximately $0.08(R1.25) at the time of writing) still has massive upside potential. However, many people believe they missed out on the asset’s peak. They’re looking for the next 10,000x, which can only be obtained by early adoption. This is exactly what these five dog-themed coins have the ability to do.

Baby Doge ($BABYDOGE) is a deflationary token that will grow increasingly scarce over time. They charge a 5% fee for each asset sale and distribute that fee to Baby DogeCoin holders, so the longer you hold, the more you can make. It’s also worth mentioning that Musk tweeted about Baby Doge on July 1st, 2021. Baby Doge now has a market capitalization of $263 million(R4B).

Dogelon Mars ($ELON) is a dog-themed initiative that aims to outperform Dogecoin. “I am Dogelon,” states the website. Mars, Dogelon Join me, and together we will reach for the stars.” Musk’s ambition of populating Mars is referenced on the page, though the controversial billionaire has yet to acknowledge the asset. With a market worth of $267 million(R4.2B), ELON is now ranked #126 on CoinMarketCap.

Mini Doge ($MINIDOGE) began as a deflationary meme coin, but it has since expanded into a Web 3 ecosystem complete with a play-to-win adventure game in which holders earn NFTs and more tokens as they go. Mini Doge has a market capitalization of $2.3 million(R36M).

Pulse Doge Win ($PULSEDOGE) is a community meme token developed on Binance Smart Chain with the goal of increasing the adoption of PulseChain, a new layer 1 blockchain slated to launch later this year. According to the website, anyone who owns PulseDoge on BSC at the time of PulseChain’s launch will receive a 1:1 airdrop on PulseChain. This means that if you buy the token right now, you’ll get twice as much for your money. PulseDoge has a market capitalization of $7.5 million(R117M).

Dogechain ($DC) is a new layer-1 blockchain that aims to provide DOGE with more DeFi functionality. $DOGE holders will be able to free claim $DC tokens for a short time when they bridge their DOGE across from centralized exchanges or other chains. Staking bridged $DOGE will eventually generate $DC tokens, whereas staking $DC will allow users to receive yield, prizes, rewards, and voting rights on the Doge DAO. Buying $DOGE today could result in exponential gains when $DC starts. Furthermore, the DogeChain team has been running a grand-a-day giveaway during the month of May. There are still a few days remaining to participate.

The historic bull market of 2021 has ended, but there will be another bull market, and people like their dogs. For the foreseeable future, dog-themed enterprises will continue to dominate the meme coin space. 

5 up-and-coming DOGE projects that might be worth your investment

Nonhlanhla P Dube

Nonhlanhla P Dube is a senior news reporter at Rateweb. Nonhlanhla is a student of International Relations at the University of South Africa. She reports primarily on personal finance and economics. You can contact her directly by email at [email protected]

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