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After a bleak week for the crypto market, some cryptocurrencies have started their recovery from their temporary slump. Ethereum (ETH) is leading the charge, reporting significant gains in the past twenty-four hours, much to the delight of its holders. However, Solana (SOL) is still declining at the time of writing, showcasing how volatile the crypto market can be.
Additionally, the new meme token platform, Dogeliens (DOGET), is causing a stir in the crypto market. The platform focuses on NFTs, education, charities, and more! With its current trend and the hype surrounding the platform, the new meme token could compete with the likes of Solana when it launches. Let's find out what makes this platform something to keep an eye on.
The total supply of DOGET is 25,000,000,000. The tokens will be split accordingly, 30% to users in the presale, 15% for Learn-to-Earn, 35% for product development, and 20% for liquidity and marketing.
So, what will the Dogeliens NFT collection entail? Dogeliens will release 10,000 unique NFTs of the cute dog mascots found on the webpage. The platform will host a spaceship exclusively for DOGET holders, who will have exclusive rights to decisions on the project's future. Additionally, there will be a separate wing on the spaceship for those who hold Dogeliens NFTs, with exclusive benefits and incentives!
Dogeliens will work closely with charitable organisations, taking 3% of each transaction fee and placing it in a dedicated charity wallet. Holders of DOGET will decide which charities receive the funds at the end of each month. Furthermore, Dogeliens will allow its community members to access educational resources on the Dogeliens platform, offering opportunities for Learn-to-Earn.
Ethereum is undoubtedly one of the most popular cryptocurrencies in the market. The platform boasts an impressive market capitalisation of $158.9 billion at the time of writing, showcasing its importance in the crypto market.
Although Ethereum has fallen 15.5% in the past seven days at the time of writing, the platform has risen by 11.9% in the past twenty-four hours. The current trend shows that Ethereum could be well on its way to recovery as crypto enthusiasts place their trust in the altcoin giant again.
Ethereum was host to arguably the most anticipated news in crypto history, the Ethereum 2.0 merge. The merge saw Ethereum swap its outdated Proof-of-Work (PoW) consensus for the energy-efficient Proof-of-Stake (PoS) consensus, lowering its carbon footprint by over 99%!
Solana has seen one of the most volatile weeks in the crypto market, declining by 46.8% in the past seven days at the time of writing. Although the crypto giant has fallen victim to the harsh conditions of the crypto market, the ecosystem still offers an outstanding service for its users.
Solana is capable of processing up to 50,000 transactions per second. Its combination of the PoS and Proof-of-History (PoH) consensus allows the blockchain to confirm transactions with maximum efficiency at a low cost.
While Solana is tanking in value, it could represent a unique buying opportunity for crypto enthusiasts. The crypto giant could rise again in the future, which would make the returns on your purchase now extremely favourable.
Ethereum and Solana are at the top of the crypto food chain, residing in the top twenty cryptocurrencies by market capitalisation. With their current trends in the past week not showing much promise, it is vital to remember that the crypto market is volatile, and they can rise as quickly as they fall.
However, if you want to add a cryptocurrency that isn't currently affected by the market slump to your portfolio, Dogeliens is for you! The new platform is dazzling through its presale stages, producing an NFT collection that could challenge the likes of Bored Ape Yacht Club.
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
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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.
