Can Dogeliens Token Challenge Cardano and Polkadot in the Future?
If we look closely at the crypto market, there aren’t many meme coins ranking in the top spots. It is mainly due to their fundamentals and use cases. Dogeliens Token (DOGET) is an emerging meme coin trying to break...
If we look closely at the crypto market, there aren’t many meme coins ranking in the top spots. It is mainly due to their fundamentals and use cases. Dogeliens Token (DOGET) is an emerging meme coin trying to break the shackles of meme coin mentality and offer real-world solutions. Cardano (ADA) and Polkadot (DOT) offer the infrastructure on which most of the crypto market stands. Below is a short review of all three tokens, so you should check it out.
Why does Cardano (ADA) rank in the top 10 cryptocurrencies?
Cardano (ADA) is quite popular among crypto traders as it has over $14bn in market cap and ranks in the top 10 largest cryptocurrencies, according to CMC. Cardano (ADA) was founded in 2017 when the crypto market was still struggling to make an impact in the financial world. It is a decentralized blockchain that is successfully using the proof-of-stake (PoS) mechanism for its blockchain. ADA is energy efficient and less intensive.
ADA is the primary crypto token used by this ecosystem for transactions on the platform. At first, it allowed developers to create and own applications on the blockchain network. But in 2021, it upgraded to provide a Smart contract platform for building applications, tokens, and business strategies.
How does Polkadot (DOT) manage to connect multiple blockchains?
Polkadot (DOT) is a multi-chain protocol. It connects a network of blockchains and provides an efficient gateway for transactions and the exchange of assets among them. It aimed to provide a foundation for Web 3, the future of the internet. The source code of DOT is available for the public to use.
As seen, Polkadot (DOT) uses a relay chain to help multiple blockchains communicate efficiently. DOT also uses the PoS mechanism due to its efficiency. It uses DOT as the governance token. And anyone holding it has the right to vote on critical upgrade proposals for the network. All the connected layer-1 blockchains are collectively referred to as Parachains, and DOT is the bridge between them, thus becoming a backbone for the crypto space.
Will Dogeliens Token (DOGET) be able to outrank the pioneer meme coins?
All the emerging meme coins have a dream to become #1, but we haven’t seen any of them doing it. Dogeliens Token (DOGET) has the same claims, but there’s more to it than just being a meme token. Firstly, DOGET will make weekly charity donations according to the votes of the token holders.
It is an open-source blockchain accessible to everyone. The people behind DOGET aim to invade the Metaverse to provide fun and educational content to the public. It might sound outrageous, but DOGET will charge a 10% tax on top of your set transactions.
DOGET has three foundational features. That is:
- The Spaceship: A notable community for DOGET holders with incentives, rewards, and more.
- University of Barkingston: This university educates people about cryptocurrency, the Metaverse, and all the new inventions.
- The Pupstore: A merch store for the community members to show their support for the project.
Is it profitable to buy DOGET at this time?
DOGET is growing fast as the presale has already reached $60k, which was at $40k just a couple of days back (at the time of writing). In Stage 1, the price for DOGET is 1000 coins per USDT. You can also use other currencies and will be directed about them once you connect your wallet. Create a crypto wallet for free, fund it, and buy DOGET at the best possible price.
Polkadot (DOT) and Cardano (ADA) are already leading the crypto market and are a fine addition to one’s portfolio. With the likes of DOGE and SHIB, DOGET is making a brave move to become the largest meme coin by market cap and use case. You can expect a 15% to 22% bonus by using SOL, USDT, and BNB for buying DOGET. On top of that, a 45% bonus on a quick purchase after signing up. If it isn’t enough, make a second and third purchase to get 75% to 100% cashback.
To learn more about Dogeliens Token (DOGET), you can visit the following links:
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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