Dogecoin Holders Flock to New DOGE Alternative, Betting on Huge 1000x Returns
As the Dogecoin (DOGE) price struggles just to the north of its 21 and 50DMAs, holders are flocking to a new DOGE alternative called Dogeverse (DV) as they bet on potential 100x returns.
The Dogecoin price is set to close out May up a solid 20%. That said, it’s still down around 30% from its earlier yearly highs.
At current levels around $0.16, Dogecoin’s bullish momentum has pretty much petered out.
Dogecoin might push higher and retest its yearly highs above $0.22 if next week’s US data provides macro tailwinds.
But it could just as easily retest recent lows around $0.12. Given the market’s lack of conviction, it’s no surprise to see Dogecoin holders flock to exciting new alternative Dogeverse.
New DOGE alternative Dogeverse is a fun new meme coin that aims to be the multi-chain equivalent of Dogecoin.
It will launch across the six most used blockchains (excluding Bitcoin) and comes with useful in-built cross-chain capabilities.
Most meme coins like Dogecoin lack clear utility. Dogeverse has no such problem, with some betting is could become a highly popular inter-blockchain bridging asset.
With a snap of his fingers, multi-chain becomes a reality!
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