The cryptocurrency market bounced back in spectacular fashion today with leading meme coin Dogwifhat recording a rise of 18% in the previous 24 hours.
Meanwhile, popular meme presale Dogeverse has raised more than $7.5 million in less than a week leaving many to wonder, is this the next meme coin to explode?
Dogwifhat Leading the Meme Coin Charge
Out of the 10 largest meme coins, Dogwifhat was one of the top gainers this morning with more than 18% price appreciation in the last 24 hours. Across the wider crypto market, Dogwifhat is the strongest cryptocurrency out of the top 100.
So what is the reason for this mini revival after yet another long and tumultuous week? Let’s take a look.
As ever Bitcoin leads the way bouncing more than 3.5% to record a price of $64,965 at the time of press. Of course, where Bitcoin goes, others follow.
In a statement last night, leading crypto exchange Coinbase announced plans to add $WIF perpetual contracts to both the Coinbase International and Coinbase Advanced platforms.
By offering traders the chance to speculate on perpetual futures, the announcement by Coinbase is a massive seal of approval for the popular Solana meme coin. As expected, Solana also pumped by 6% over the last 24 hours.
The rise of Dogwifhat shows that meme coin traders are still dominant in the market. While the cryptocurrency narrative continues to mature, it is clear from the last 24 hours that crypto investors still look to meme coins for big profits.
Meanwhile, Base token $DEGEN continues to provide impressive investment returns with a 30% price rise over the last day alone. Hot on its heels are $MOG (+34%), $WEN (+18%) and $POPCAT (+25%).
Built on Ethereum and Solana, all three cat-themed tokens are further evidence that the market’s appetite for all things meme is showing no sign of slowing down any time soon.
Could Dogeverse be the Next Big Meme Coin After Raising Over $7.5M?
It goes without saying that looking for the next meme coin to explode is serious business. By investing early, there are opportunities to make massive gains when the token goes on general sale.
One such meme coin which has generated a lot of hype in recent weeks is Dogeverse. Raising $7.5 million so far in its presale, Dogeverse has been launched to coincide with the Bitcoin Halving and Doge Day on April 20th and is the first meme coin to offer multi-chain functionality.
What’s more, due to its Proof of Stake architecture, transactions across Dogeverse are cheaper, faster and more secure than its famous yet power-hungry counterpart, Doge.
The Dogeverse token presale is currently underway and because of its multi-chain architecture, you can choose between ETH, BNB, MATIC or USDT to buy your tokens with support for AVAX, BASE and SOL coming soon.
If you use ETH to buy the token you will be able to stake your $DOGEVERSE tokens to earn passive staking rewards.
Buying the $DOGEVERSE token is quick and easy. Simply head over to the official website, connect your wallet and click buy.
To keep up to date with all the latest news and project updates, you can follow Dogeverse on X and join the exclusive Telegram group.
