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Can Dogeliens Compete With Ethereum And ApeCoin With Their Highly Anticipated NFT Collection?

Market Trends

Since the launch of ApeCoin's (APE) Bored Ape Yacht Club (BAYC) collection in April 2021, NFT usage has expanded at an exponential rate. The NFT collection saw a slew of high-profile people acquire these NFTs, including Snoop Dogg and Eminem, catapulting NFTs into the mainstream media. Many blockchain networks now incorporate NFT marketplaces in the hopes of enticing more users to their cryptocurrency.

Ethereum (ETH), one of the most famous blockchain networks, is also recognised for powering CryptoPunks, the world's most prominent NFT collection. Dogeliens (DOGET), an emerging meme currency that wants to include fun in acquiring crypto, is a newcomer to the market hoping to influence NFTs.

How Dogeliens Can Reshape The NFT Sector

Dogeliens (DOGET) has only been around for a short time and has already had a huge influence on the crypto sphere. Dogeliens has demonstrated their devotion to a variety of critical subjects, including education, charity, and more! Dogeliens intends to educate the humanoid masses on blockchain technology by providing a variety of free educational tools! The meme coin's purpose is to provide people with a fun cryptocurrency that maintains the meme coin buzz while also adding functionality, making it a token you will believe in forever.

Dogeliens achieved this by founding the 'University of Barkington,' which provides users with a diverse range of materials. The blockchain network plans to release 10,000 distinct NFTs, which might rival the BAYC and CryptoPunks collections. While owning the Dogeliens NFT may increase the value of your portfolio in the future, they also provide holders with special incentives and perks in the ecosystem. DOGET is currently in the first stage of its presale and has already managed to raise $80,000. Join the Dogelien whilst it is still inexpensive.

How Ethereum CryptoPunks Became NFT's Number One

Ethereum (ETH) is a global open-source platform for decentralised applications. In other words, the objective is to establish a global computer on which anybody may build programmes in a decentralised way, with all states and data distributed and publicly available. ETH is known for popularising the smart contract consensus in blockchain technology, a programmable contract that permits two parties to establish the terms of a transaction without relying on a third party to carry them out.

As previously stated, the most popular NFT collection in the crypto business, CryptoPunks, is handled on Ethereum. The Ethereum collection served as the cornerstone for the current profile image campaigns, establishing CryptoPunks as one of the most prominent and well-known NFT brands. It paved the path for other best-sellers like the Bored Ape Yacht Club and Doodles, and CryptoPunks sales have generated around $2.4 billion in secondary market volume to date.

The Impact Of ApeCoin's BAYC NFT Collection

ApeCoin (APE) is an ERC-20 cryptocurrency that exists only within the APE ecosystem. ApeCoin is the ecosystem's governance token, and holders of ApeCoin can participate in the ApeCoin DAO. ApeCoin may also be used to buy games, and items, attend events and get services. The blockchain network was founded by Yuga Labs, a $4 billion company best known for its whimsical and colourful Bored Ape Yacht Club (BAYC) NFTs. The ApeCoin-powered Bored Ape Yacht Club is a private membership initiative open to all owners of the Bored Ape Yacht Club NFT.

Each of the 10,000 BAYC NFTs had a mint price of 0.08 Ethereum when they were released in April 2021. Each BAYC NFT had an average floor price of around 60 Ethereum by December 2021. After the airdrop, the ApeCoin (APE) floor price was more than 100 ETH. BAYC is widely regarded as one of the market's most innovative NFT organizations, with one of the greatest investments returns ever recorded for early investors.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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