DOGE2.0 Token Blasts Up 8,000% After Going Viral But Crypto Whales Are Accumulating Wall Street Memes Before it Lists on Exchanges – Here's Why
The DOGE2.0 meme token has rallied by a massive 8,000% in the past couple of days, with its move to $0.00000001404 today representing a gain of 13% in the last 24 hours.
DOGE2.0 is one of a number of '2.0' meme tokens which have appeared in the past couple of weeks, each with the aim of representing themselves as newer, more profitable versions of earlier meme coins
Yet DOGE2.0 has been able to separate itself from similar coins by attracting a small number of centralized exchange listings, with Poloniex being the latest to announce its support of the meme token today.
Despite this, DOGE2.0 still looks as though it will lack staying-power as a cryptocurrency, with one new meme token currently in presale – Wall Street Memes (WSM) – showing strong signs of having already attracted a bigger community.
DOGE2.0 has gone through a series of peaks and troughs over the past couple of days, with the meme token hitting a number of record highs and then falling back away again, as it seems to have done in the past hour or so.
Of course, DOGE2.0 is a very new meme token and is currently enjoying its initial growth spurts, which may not last for very long.
On the bright side, it does appear that some CEXes are beginning to list it, with LBANK Exchange and Poloniex adding their support in the past 24 hours.
This could help sustain DOGE2.0's current momentum, with both exchanges increasing the token's liquidity and market.
On the other hand, a couple of listings doesn't change the fact that DOGE2.0 is a pure meme token with little in the way of utility, with the coin also having only around 2,000 followers on Twitter.
Because it lacks a significant community to support it, it's unlikely that DOGE2.0 will have the lifespan of the original
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