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Doge 2.0 featuring my dog Lucky! :D
DOGE2.0 Token Blasts Up 8,000% After Going Viral But Crypto Whales Are Accumulating Wall Street Memes Before it Lists on Exchanges – Here's Why
DOGE2.0 Token Blasts Up 8,000% After Going Viral But Crypto Whales Are Accumulating Wall Street Memes Before it Lists on Exchanges – Here's Why
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Source: DEXTools/TradingView
The DOGE2.0 meme token has rallied by a massive 8,000% in the past couple of days, with its move to $0.00000001404 today representing a gain of 13% in the last 24 hours.
DOGE2.0 is one of a number of ‘2.0’ meme tokens which have appeared in the past couple of weeks, each with the aim of representing themselves as newer, more profitable versions of earlier meme coins
Yet DOGE2.0 has been able to separate itself from similar coins by attracting a small number of centralized exchange listings, with Poloniex being the latest to announce its support of the meme token today.
Despite this, DOGE2.0 still looks as though it will lack staying-power as a cryptocurrency, with one new meme token currently in presale – Wall Street Memes (WSM) – showing strong signs of having already attracted a bigger community.
DOGE2.0 Token Blasts Up 8,000% After Going Viral But Crypto Whales Are Accumulating Wall Street Memes Before it Lists on Exchanges – Here’s Why
DOGE2.0 has gone through a series of peaks and troughs over the past couple of days, with the meme token hitting a number of record highs and then falling back away again, as it seems to have done in the past hour or so.
Source: DEXTools/TradingView
Of course, DOGE2.0 is a very new meme token and is currently enjoying its initial growth spurts, which may not last for very long.
On the bright side, it does appear that some CEXes are beginning to list it, with LBANK Exchange and Poloniex adding their support in the past 24 hours.
This could help sustain DOGE2.0’s current momentum, with both exchanges increasing the token’s liquidity and market.
On the other hand, a couple of listings doesn’t change the fact that DOGE2.0 is a pure meme token with little in the way of utility, with the coin also having only around 2,000 followers on Twitter.
Because it lacks a significant community to support it, it’s unlikely that DOGE2.0 will have the lifespan of the original Dogecoin (DOGE).
There are also newer meme coins which have better longer term prospects than DOGE2.0, with Wall Street Memes (WSM) being among the most notable.
Running on Ethereum as an ERC-20 token, WSM has already raised more than $12.9 million since beginning its presale last month.
It’s been able to do this largely because of its association with the meme stocks movement, which emerged in 2021 and famously instigated the GameStop and AMC rallies of that year.
It has reserved 30% of its two billion supply for community rewards, while it has also racked up more than 256,000 Twitter followers, providing a vivid indication of how strong its online presence already is.
Such a presence will be vital if WSM is to have a longer lifespan than DOGE2.0, since meme tokens tends to live and die by how strong their communities are.
And new investors can join this community by visiting the official Wall Street Memes website and linking their crypto wallets, with 1 WSM currently selling for $0.031.
This price will rise to $0.0337 by the 30th and final stage of the sale, at which point WSM will list on exchanges, potentially making its holders significant profits as it rallies big.
Visit Wall Street Memes Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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While Doge2.0 Shoots Up 5,000% Crypto Experts are Stacking This New Meme Coin as the Next Crypto to Explode – What Do They Know?
While Doge2.0 Shoots Up 5,000% Crypto Experts are Stacking This New Meme Coin as the Next Crypto to Explode – What Do They Know?
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Source: Unsplash/Kanchanara
Doge2.0 has risen by more than 700% in the past 24 hours, with the new meme token having gained by as much as 5,000% since it first listed on Uniswap in a pairing with Wrapped Ethereum (WETH).
DOGE2.0 is the latest in a long line of meme coins to have emerged this year to enjoy apparently massive gains, with the likes of PEPE, SPONGE and WOJAK easily beating the market on numerous occasions (as well as falling harder than the market).
However, despite its initial surge, it now seems that DOGE2.0 has run out of steam a little, given that it’s actually down by 69% from its all-time high of $0.022, which was set yesterday.
Investors are therefore already turning to other likely candidates, with one new meme token – Wall Street Memes (WSM) – currently in the middle of a presale that has raised in excess of $11.1 million.
While Doge2.0 Shoots Up 5,000% Crypto Experts are Stacking This New Meme Coin as the Next Crypto to Explode – What Do They Know?
There really isn’t much to say about DOGE2.0, other than it’s another anonymously launched meme token that has nothing to do with its source material (i.e. Dogecoin).
Source: DEXTools/TradingView
DOGE2.0 had operated under the radar for several weeks before it was seemingly discovered yesterday, with its price rising to a then-record high of about $0.0054 early in the morning, before seeing two even bigger surges later in the day.
However, as noted above, its rally to an ATH of roughly $0.022 has run out of steam, even if it is still technically up in the past 24 hours.
As its chart shows, its price has flatlined fore the past few hours, hovering around the $0.006608 level as it struggles to attract new investors.
It would be tempting to conclude that it has run out of steam already, even if it’s still pretty early days in its life.
That said, of all the meme tokens to have appeared this year, DOGE2.0 is particularly lacking in an associated online presence and community, one which could potentially support its price over the longer term.
The same cannot be said, however, for Wall Street Memes (WSM), a new meme token that’s currently holding a very successful presale.
Born out of the meme stocks movement that instigated the 2021 GameStop and AMC rallies, WSM has already been able to attract a thriving community of supporters, with its sale now boasting a total raise of $11.1 million.
As with DOGE2.0, WSM has no obvious fundamentals or utility to speak of, yet it stands out from the pack of wannabee meme coins in terms of its healthy following.
For example, its official Twitter account now has just over 255,000 followers, all of whom are actual or potential WSM buyers.
Because it has links to the meme stocks movement (its Twitter account has been active since 2019), it has a much better chance than most other meme tokens of surviving well beyond its initial rallies.
And while its presale is currently offering WSM at a price of $0.0304, this could rise much higher when it lists on exchanges in the next few weeks.
Investors can participate in the token offering by heading over to the official Wall Street Memes website and linking their software wallets, with WSM buyable using USDT, ETH or fiat currency.
The sale is currently in its 18th stage out of 30, and wil lend with WSM reaching a price of $0.0337.
This already represents a gain of 10.86% over its current sale price, yet given the expanding size of its community, WSM will likely rise much higher soon after the sale ends.
Visit Wall Street Memes Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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