SHIB Whales Diversify: Dogeverse & Dogecoin20 Eyed as Next 100x Meme Coins

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Despite the short-term price dip, SHIB's fundamentals remain strong. The number of Shiba Inu wallets has reached a staggering 4 million, solidifying its position as one of the most popular cryptocurrencies globally.

This surge in user adoption has fueled optimism, with leading on-chain analytics firm CoinCodex predicting a potential 150% price increase for SHIB in the coming weeks.

This bullish prediction coincides with the highly anticipated Bitcoin halving event scheduled for April 21st, 2024.

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Historically, Bitcoin halving events, which cut the supply of new Bitcoins entering circulation in half, have been linked to bull runs across the broader crypto market.

As Bitcoin's scarcity increases and demand remains high, its price is expected to rise, potentially dragging meme coins like SHIB along for the ride.

However, SHIB whales – large investors holding significant amounts of SHIB – are strategically diversifying their portfolios by investing in alternative meme coin projects with high growth potential.

Two such projects capturing their interest are Dogeverse ($DOGEVERSE) and Dogecoin20 ($DOGE20).

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Dogeverse positions itself as the next evolution of the meme coin phenomenon. Unlike most meme coins confined to a single blockchain, Dogeverse boasts a groundbreaking multi-chain functionality.

By bridging six blockchains – Ethereum, BNB Smart Chain, Polygon, Solana, Avalanche, and Base (Coinbase's Layer 2 chain) – Dogeverse caters to a wider user base and offers greater accessibility.

The project's mascot, Cosmo the Doge, is more than just an adorable meme – he embodies Dogeverse's mission to create a user-friendly, multi-chain experience for meme coin enthusiasts.

With the upcoming Bitcoin halving and Doge Day (April 20th) on the horizon, Dogeverse is ideally positioned to capitalise on the anticipated market surge and potentially propel meme coin popularity to new heights.

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Several key factors contribute to Dogeverse's potential for explosive growth:

Multi-Chain Functionality: Unlike Dogecoin (DOGE) or Shiba Inu (SHIB), Dogeverse offers flexibility and wider accessibility by bridging multiple blockchains.

Planned Rollouts: By the end of the week, Dogeverse expects to be fully operational on Ethereum, BNB Smart Chain, Polygon, and Avalanche. Solana and Base rollouts are also imminent.

Capitalising on Market Sentiment: The strategic launch around Doge Day and the upcoming Bitcoin halving positions Dogeverse to capture peak excitement surrounding meme coins.

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Dogecoin20, another project attracting significant interest from SHIB whales and the broader crypto community, aims to capitalise on the ongoing meme coin craze.

Launched amidst the 2024 Dogecoin rally that saw DOGE surge 129% year-to-date, Dogecoin20 seeks to not only replicate that success but also establish long-term sustainability.

While Dogecoin's meteoric rise fueled the meme coin frenzy, analysts predict further growth for DOGE, with projections reaching $0.27.

However, investors are increasingly looking beyond Dogecoin and seeking low-cap altcoins with similar growth potential but with features promoting long-term stability. Dogecoin20 seeks to address this demand.

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Dogecoin20's strategic presale garnered a staggering $10 million in just over a week, reflecting strong investor interest. The project differentiates itself from its predecessors by offering unique functionalities such as:

Stake-to-Earn: Users can earn a lucrative 106% APY by staking their $DOGE20 tokens, incentivizing long-term investment and fostering a sense of community.

Capped Supply: Unlike Dogecoin's unlimited supply, Dogecoin20 has a capped supply of 140 billion tokens. This combats inflation and ensures the token retains value over time.

Philanthropic Focus: Aligning with Dogecoin's ‘Do Only Good Everyday’ (DOGE) philosophy, Dogecoin20 pledges to support charitable initiatives and community projects, fostering a positive social impact.

Further fueling investor confidence, prominent crypto analysts like Matthew Perry and Jacob Bury have publicly lauded Dogecoin20. Perry stated, ‘Dogecoin20 fixed DOGE forever’, suggesting Dogecoin20 addresses shortcomings of its predecessor.

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Bury, a respected analyst, has even dubbed Dogecoin20 a ‘100x meme coin’ and placed it at the top of his list for the best meme coins to invest in right now.

While it's too early to predict the definitive outcome, the strategic diversification of SHIB whales into Dogeverse and Dogecoin20 presents a fascinating opportunity in the meme coin narrative. It suggests a potential shift in investor sentiment, with whales looking beyond the hype and towards projects with long-term viability.

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The success of these alternative meme coins could significantly impact SHIB's future trajectory. If Dogeverse and Dogecoin20 experience explosive growth, it could trigger a domino effect, attracting more investors to the meme coin space and potentially reigniting interest in SHIB.

The coming weeks will be crucial for the meme coin sector. The Bitcoin halving event and the surrounding hype could trigger a long-awaited bull run, propelling both established meme coins like SHIB and these promising newcomers like Dogeverse and Dogecoin20.

However, the success of these projects will ultimately hinge on their ability to deliver on their promises and provide real utility beyond the meme.

Want to know some of the other best crypto investors are bullish on this April? Then visit the following sites:

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