PEPE soars as Dogeverse presale nears end after raising $15m

After
raising
over
$15
million
in
its
presale,
Dogeverse
is
just
one
week
away
from
its
initial
exchange
offering
(IEO).

Dogeverse
is
just
one
week
from
its
initial
exchange
offering
(IEO)
after
being
able
to
raise
$15
million
in
its
presale.
While
excitement
is
ramping
up
in
preparation
for
its
IEO,
several
factors
could
make
Dogeverse
one
of
the
biggest
new
memecoins
of
2024.

Pepe
booms
as
Dogeverse’s
umbrella
catches
many
narratives

Since
the
United
States
Securities
and
Exchange
Commission
approved
Ethereum
spot
ETFs
on
23
May,
Pepe
has
enjoyed
outsized
growth
and
is
trading
at
an
80%
weekly
premium.

This
makes
it
the
leading
benefactor
of
ETH
ETFs,
reflecting
the
significance
of
memecoins
in
the
current
market
cycle.

Other
Ethereum
memecoins
have
also
benefited
from
the
ETF
approvals,
with
Floki
up
33%
this
week.
But
the
forward-looking
crypto
market
is
quickly
turning
to
the
next
potential
narrative
and
that
is
Solana
ETFs.

Analyst
Symbiote
highlighted
this
and
speculated
that
Solana
ecosystem
tokens
will
resultantly
soar.

However,
the
newly
launched
Dogeverse
stands
to
benefit
no
matter
which
blockchain
takes
the
limelight.
That’s
because
Dogeverse
is
a
multichain
meme
coin,
launching
on
Ethereum,
Solana,
Base,
BSC,
Polygon,
and
Avalanche.

This
multichain
approach
also
lays
the
foundations
for
a
strong
on-chain
memecoin
community
and
opens
the
project
to
investment
potential.

In
this
regard,
Dogeverse
is
proving
to
be
one
of
2024’s
hottest
presales.
But
in
a
bid
for
long-term
potential,
the
team
has
introduced
new
measures,
such
as
a
staking
layer.

Generous
staking
rewards
to
drive
up
demand

Dogeverse
staking
is
already
live
and
currently
offers
a
48%
APY.
However,
this
is
expected
to
decrease
as
more
tokens
are
staked,
incentivizing
early
buyers.
The
staking
mechanism
intends
to
drive
up
demand
while
encouraging
long-term
holding,
thus
minimizing
sell
pressure.

Through
these
dynamics,
Dogeverse
could
enjoy
added
price
stability
over
other
memecoins,
and
this
will
only
be
amplified
by
its
versatile
multichain
approach.
Prominent
industry
figures
have
noted
this
and
backed
the
project
for
growth
post-IEO.

Leading
analysts
are
bullish
and
speculate
10x
returns 

In
a
recent
YouTube
video,
prominent
low-cap
trader
Jacob
Bury
speculated
that
Dogeverse
could
see
10x
gains
following
its
exchange
launch.

Bury
was
an
early
backer
of
projects
like
Smog
and
Sponge,
which
each
soared
100x,
so
his
support
for
Dogeverse
could
hold
weight.

Meanwhile,
ClayBro

noted
that
there
are
just
seven
days
until
the
Dogeverse
presale
ends
and
provided
bullish
expectations
on
where
it
could
be
headed
after
launching.

Interest
in
the
project
has
also
reached
mainstream
crypto
media
outlets,
with
Cointelegraph,
The
Tech
Report,
and
Crypto
Potato
covering
it.

However,
with
the
presale
ending
in
one
week,
time
is
running
out
to
secure
the
current
fixed
and
discounted
ICO
price.
Follow
Dogeverse
on

X
or
join
its

Telegram
for
the
latest
news.
Alternatively,
visit
its
website
to
buy
and
stake
tokens.
To
learn
more,

visit
the
Dogeverse
presale.