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As the Book Of Meme 2.0 sees a significant price surge, Dogecoin20 emerges on the meme coin scene, raising over $10 million in its presale, and sparking discussions on its potential to lead the next wave of meme coin popularity.
The Version 2.0 meta is starting to dominate the ongoing meme coin rally once again. New and alternative versions of already popular meme coins are cropping up and outperforming the OG cryptocurrencies in the short term.
For instance, the Book of Meme token has been consolidating since its initial rally and after it got listed on Binance. On the other hand, the Book of Meme 2.0 token has been generating outsized returns. While the former’s price has plunged by 15% over the past week, BOME2 has surged by 134% on Friday. Its daily trading volume has jumped by over 430%, signaling strong demand for the token.
Similarly, a new meme coin – Dogecoin20 – has quickly raised over $10 million in its presale and is set to launch on April 20, 2024, widely known as Doge Day. The new crypto coin is being backed by analysts to deliver major returns after its launch.
Book of Meme 2.0 and other new meme coins draw attention
New meme coins are in high demand, both among retail investors and smart-money traders. While the former prefer their simplicity, smart-money traders are treating them as beta bets on their respective blockchains.
Furthermore, their relatively lower valuation allows them to generate significantly higher returns. For instance, despite BOME2’s 130% rally today, it has a market capitalization of just $1 million. Comparatively, Book of Meme has a valuation of over $715 million.
So far, Solana and Ethereum meme tokens have been dominating the ongoing crypto rally. However, Dogecoin and its beta plays could start to take over from April.
The Dogecoin price has already surged by over 117% over the past month, with a number of factors contributing to the rally. Firstly, Elon Musk has reaffirmed his support for the meme coin, revealing that DOGE payments could soon be accepted for Tesla EVs.
Secondly, Coinbase Derivatives is set to launch Dogecoin Futures trading from April 1, 2024, unless there is an objection from the US CFTC. As such, Dogecoin and other dog-based tokens could rally in the lead-up to Doge Day.
Dogecoin20 becomes a leading contender
Dogecoin20 (DOGE20) is a new crypto coin that aims to be a more sustainable alternative to the OG Doge. Inspired by the ethos “Do Only Good Everyday,” the new meme coin features in-demand crypto trends such as on-chain staking and community-centric tokenomics.
DOGE20 has raised over $10 million in its presale and aims to launch on Doge Day, right when the hype around Dogecoin is expected to be at its peak. The project expects to tackle many of the flaws in Dogecoin. For instance, Doge investors cannot stake their holdings. On the other hand, DOGE20 investors can stake their tokens from the presale itself and start to accrue attractive passive income.
According to the Dogecoin20 staking dashboard, the reward rate is currently over 80% per annum. Similarly, there is a fixed supply of 140 billion DOGE20 tokens. This tokenomics model prevents inflation that is often a result of Dogecoin’s infinite token supply.
Owing to its unique value proposition, experts are bullish on the Dogecoin20 project, with popular crypto YouTuber Jacob Bury even mentioning the possibility of the meme coin offering up to 100x returns.
To learn more about the project, visit the Dogecoin20 Presale.
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