The existing crypto projects Solana (SOL) and Aave (AAVE) have extended losses of over 87% since their last ATH (All-time highs) due to the prolonged market downturn. On the other hand, the upcoming meme project Dogeliens Token (DOGET) has made good progress in its presale as it prepares to launch as it takes on giants Solana and Aave in the future.
Founded in 2017, Solana (SOL) is a scalable and secure decentralized blockchain platform for dApps (Decentralized Apps). It aims to bring speed, efficiency, and scalability to transactions at a lower cost. Thus, the platform can process many more transactions per second at significantly lower fees than rival platforms like Ethereum.
Moreover, SOL improves the PoS (Proof-of-Stake) consensus by combining it with PoH (Proof-of-History). PoH adds another layer of security to the transaction verification process while making it more efficient. Currently ranking in the top 15 on CoinMarketCap (CMC), the crypto has a market cap of over $11.5 billion. It traded under $33 as of writing against its previous ATH of $260.06, achieved in November last year. This marks a massive decline of over 87.5% in the past twelve months.
Ranking in the top 60 on CMC, Aave (AAVE) is a DeFi protocol initially based on the Ethereum blockchain. However, it has now expanded to other blockchains, including Fantom, Avalanche, etc. The protocol supports smart contracts for verifying and carrying out transactions instead of a central authority. Smart contracts automatically confirm transactions when the required conditions are fulfilled.
The platform’s native token is AAVE, which has multiple utilities, including governance of its DAO (Decentralized Autonomous Organization). It can also be used to earn rewards and discounts on fees. Presently trading under $86, AAVE has a market cap of over $1.1 billion. In May 2021, the token surged to $666.86, registering its recent ATH. Thus, it is down by around 87% since then. Furthermore, its max supply is just 16 million tokens.
Coming from Puptopia, Dogeliens Token (DOGET) is a cute dog-based meme coin preparing to take over the Metaverse. The new crypto brings a virtual world, The Spaceship, and a Metaverse platform for its community. The forum will host play-to-earn games and the functionality of NFT (Non-fungible token), including creating custom NFTs from multimedia content.
Moreover, DOGET’s detailed roadmap includes The University of Barkington, offering educational content and virtual classes on blockchains, cryptocurrencies, and other subjects like Mathematics. Its tokenomics are firm, with a vast supply of 25 billion tokens based on BSC (Binance Smart Chain), of which 30% are live in its presale. Each transaction of DOGET will charge a 10% tax, with 3% reserved for charities. The DOGET community will decide on the charity beneficiary at the end of each month.
The upcoming meme coin is currently in its presale, with over $50K raised. You can now buy 1000 DOGETs against each USDT you spend, but once stage one ends, the number will come down to 714.29 tokens. The purchase process includes linking your crypto wallet to their presale page and swapping DOGETs for either ETH, BNB, or USDT. You can collect your meme coins once the presale ends.
To sum it up, DOGET is a crypto project showing a lot of promise against the losses of SOL and AAVE. The meme coin also offers many bonus-earning opportunities in its presale. Buy it with BNB and earn a fantastic 22% bonus tokens or refer a friend to buy DOGETs for $250 and get $50 each. Moreover, a purchase in stage one will get you 10% extra tokens.
To learn more about Dogeliens Token (DOGET), you can visit the following links:
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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