There have been multiple Dogecoin-themed tokens on the market, all trying to topple the OG crypto by offering unique perks to differentiate themselves. Most have not succeeded. Therefore, Doge² has taken a different approach. Instead of being a competitor, this memecoin project aims to become a cooperative force in the Dogecoin ecosystem, evolving the old DOGE so that the network can host many use cases.
With this simplified approach, Doge² has entered the presale phase, raising upwards of $570k to date. Does it have what it takes to be the next big crypto?
Doge2 – Supercharging the Old DOGE with Use Cases
Although Dogecoin continues to reign supreme as the leading meme coin on the market and attract the attention of even institutional investors, it has yet to make significant headway in terms of use cases. Still tied to the old style of blockchain, this meme coin faces many limiting factors. Doge² simply states it could be so much more.
In order to pull Dogecoin out of its old shell, Doge² claims to use the combined forces of the Ethereum and Dogecoin networks to make the old crypto more scalable. This is achieved by introducing a Layer 2 solution, which could increase the speed, utility, and efficiency of DOGE. With cost and speed-related roadblocks removed, Doge²’s vision is to make DOGE an asset that could even be picked up by dApp developers.
Working of Doge2
Doge² has highlighted how it works on the official website, and the process is simple. First, it will launch as an L2 solution on Ethereum, leveraging Zk rollups and rollup technology to bundle transactions to achieve greater speed and efficiency. This will naturally result in Doge² having low-cost transactions.
Afterwards, Doge² will move to the Dogecoin network via a bridge. The idea is to use this method to make Doge² more efficient. As a result, an interoperable network will be established, where Doge² will be able to traverse between the Ethereum and Dogecoin networks.
According to Doge², this approach will unlock new possibilities for Dogecoin. It will have lower fee requirements while transaction speeds will be higher. Furthermore, programmability, a concept that has been alien to the Dogecoin ecosystem, will be introduced.
Doge2 Tokenomics
There are 5 billion Doge² in total, out of which:
50% is allocated for the presale to early adopters so that a strong foundation can be created for Doge².
20% is designated for development to further Dogecoin’s Layer 2 solution.
25% is reserved for staking rewards to incentivize those who hold their tokens.
5% is set aside for marketing to expand Doge²’s reach, making global adoption a reality.
Doge2 Price Prediction – Short and Long Term
The Doge² ecosystem is strong and has the potential to enhance Dogecoin, assuming that most of its developments occur and are well received by the community. The current market dynamics, filled with investors willing to support a utility-based asset, could make this possible.
Given these aspects, here is a complete view of the Doge² price prediction both in the short and long term:
Short Term Price Prediction
Doge² can tap into the marketability of its Doge-based themes to gain attention from the crypto community as soon as it goes live. Many people may also choose to stake their tokens, limiting its circulating supply, which would positively impact the $DOGE² price. At best, investors can expect the Doge² price to reach $0.04 once the presale concludes. This surge will likely be followed by a small decline. If the community is strong, the price drop may not be very significant.
Long-Term Price Prediction
In the long term, Doge² will depend on the token’s reception by the broader crypto ecosystem. If the Dogecoin network enhancements are implemented, the DOGE price could get a boost, which can eventually cause Doge² to trade in the green. However, the token’s social attributes, such as how many followers it has and how much engagement it receives, will also play a role in boosting the Doge² price. At best, Doge² could reach $0.08 before a correction.
Catslap – Cat-Themed Alternative Meme Coin with a Slap-to-Earn Mechanic
Doge² is trying to bring innovation to the doge-themed ecosystem. However, cat-themed meme coins are also on the rise. While their cumulative market cap is still very low compared to dog-themed tokens, there has been a push to make these feline meme coins an even better investment choice.
Amidst this sentiment, Catslap has emerged as a suitable meme coin to invest in. Featuring the Catslap meme, Catslap has been described by its official website as an aggressive feline. The cat can be seen slapping Pepe on the official homepage. Users can tap the mouse button (or the screen on mobile) to slap Pepe. Each slap is counted, and the person with the higher slap count will receive a larger share of the rewards from the upcoming airdrop.
While the token’s fundamentals are simple, its impact on the meme coin space has been significant. Dextools shows that the token’s value has increased by more than 8400% since launch. With staking recently unlocked, users can also gain passive income from this ecosystem.
YouTubers like Cilinix Crypto have purchased this meme coin a few days ago and are suggesting that it could explode soon.
Overall, the market sentiments around this token are positive, and thanks to its unique “slap-to-earn” mechanic, it is likely that SLAP will continue to generate interest among intraday traders.
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