The resurgence of Ethereum-based meme coins has been sparked by the return of Roaring Kitty, a trader known for initiating the GameStop frenzy. One of these coins, GME, has experienced a surge in price, leading analysts to predict that another token, Dogeverse, could be the next to gain attention. GME has been performing well, sitting at the top spot on DEXTools with a market price of $0.00001737. The token has shown strong upside potential, consolidating above lower support levels and signaling the possibility of a second rally move. However, with only 54% buy pressure in recent transactions, some smart money investors are turning their attention to Dogeverse for better investment opportunities.
Dogeverse is a meme coin that has gained traction in the market due to its multi-chain functionality across major networks such as Ethereum, BNB Chain, and Solana. With 15% of its 200 billion supply available for early investors, the project has raised $15 million and offers a high APY return of +582% for stakers. This high APY staking feature, coupled with the project’s utility and convenience in different blockchain environments, has attracted investors seeking potential high returns. Dogeverse has also just completed an impressive multi-million presale raise, making it an appealing investment opportunity for retail investors looking to get in before major tier-1 CEX listings in the second quarter of 2024.
In the meme coin market, GME tickers have become popular following Roaring Kitty’s return, but GME tokens have taken the lead due to their traction and market performance. As GME continues to consolidate above lower support levels, there is potential for a resurgent move to the upside, attracting fresh retail capital. However, with buy pressure struggling and only 54% buy pressure in recent transactions, some traders are turning to projects like Dogeverse for better trade opportunities. Dogeverse’s structure, potential returns, and multi-chain functionality make it an appealing option for investors seeking exposure to the meme coin market.
The cryptocurrency market is inherently high-risk, and investments in meme coins like GME and Dogeverse should be approached with caution. While GME has shown strong upside potential and consolidation above support levels, smart money investors are considering other projects like Dogeverse, which offer unique features such as multi-chain functionality and high APY staking rewards. Dogeverse’s recent presale raise and potential for significant returns make it a promising investment opportunity for retail investors looking to capitalize on the meme coin market. It is important for investors to conduct their due diligence and consider the risks associated with investing in high-volatility assets like meme coins before making any decisions.
