After a competitive back-and-forth with other leading projects, Pepe has established itself as this cycle’s front-runner meme coin, decisively outpacing all other large-caps.
However, emerging newcomers continue challenging the frog-themed meme coin, vying to become the industry’s next trailblazer.
Recently, a top contender has emerged in the form of the popular presale Dogeverse, which brings an unprecedented use case to market and has raised $15 million.
Pepe price surges on Ethereum ETF news, and that’s great for meme coins like Dogeverse
There’s no denying that meme coins have fared one of crypto’s most enthralling narratives over the past year. Pepe kickstarted the frenzy following its April 2023 launch, and degens have been frantically scouring for the next big hype ever since.
For a while, the Solana ecosystem took over as pioneers like Bonk and Dogwifhat emerged, both of which periodically flipped Pepe’s market cap.
However, Pepe reigned supreme and recently regained its title as the third-largest meme coin after overtaking Dogwifhat. Currently, it trails behind Shiba Inu and Dogecoin but boasts a higher 24-hour trading volume than both.
Pepe has led the market following the United States Securities and Exchange Commission (SEC) approving Ethereum spot exchange-traded funds (ETFs).
It is currently up by 38% this week and holds a $5.9 billion market cap, twice that of Dogwifhat.
Given Pepe’s explosive reaction to the Ethereum ETF news, analysts are anticipating that it could continue to lead the market into the next leg up.
But while Pepe is benefiting from Ethereum ETFs, the SEC’s greenlight signals a fundamental shift in the United States’ regulatory approach to altcoins.
In essence, the approval of Ethereum ETFs opens the floodgates for other altcoin ETFs, and TradFi experts from CNBC suggest that a Solana ETF could be next.
If so, prominent analyst Symbiote believes that Solana-based altcoins will soar as a result.
Meanwhile, other analysts like Kaleo suggest an Avalanche ETF could be next.
But no matter which ETF narrative arises, there is one meme coin that could stand to benefit: Dogeverse.
Here’s why Dogeverse’s multichain approach presents massive potential
While PEPE has soared almost 40% due to Ethereum ETF excitement, a SOL ETF will likely bolster Solana meme coin prices, and an AVAX ETF would push Avalanche meme coin prices.
However, the new presale meme coin Dogeverse covers each of these angles by launching on crypto’s six hottest smart contact-enabled blockchains.
Through Wormhole and Portal Bridge technology, Dogeverse is available on Ethereum, Solana, Avalanche, BSC, Base, and Polygon.
This widespread accessibility lays the way for unprecedented on-chain investment potential and community growth.
And in a bid to maximize long-term success, the team has launched a staking layer, rewarding holders for locking up their tokens.
Currently, stakers can garner a 53% APY, but this will decrease as the staking pool grows.
The project’s unique use case has turned heads among leading industry analysts, and the 99Bitcoins YouTube channel suggests it could yield up to 100x gains once it launches on exchanges.
The Dogeverse presale is ongoing and has raised over $15 million so far. However, the presale will end in ten days, following which, it will launch on exchanges.
As such, those seeking the current fixed, discounted price should act quickly.
Follow Dogeverse on X or join its Telegram for the latest updates. Alternatively, visit its website to buy and stake tokens.
