As the Dogecoin (DOGE) price struggles just to the north of its 21 and 50DMAs, holders are flocking to a new DOGE alternative called Dogeverse (DV) as they bet on potential 100x returns.
The Dogecoin price is set to close out May up a solid 20%. That said, it’s still down around 30% from its earlier yearly highs.
At current levels around $0.16, Dogecoin’s bullish momentum has pretty much petered out.
Dogecoin might push higher and retest its yearly highs above $0.22 if next week’s US data provides macro tailwinds.
But it could just as easily retest recent lows around $0.12. Given the market’s lack of conviction, it’s no surprise to see Dogecoin holders flock to exciting new alternative Dogeverse.
New DOGE alternative Dogeverse is a fun new meme coin that aims to be the multi-chain equivalent of Dogecoin.
It will launch across the six most used blockchains (excluding Bitcoin) and comes with useful in-built cross-chain capabilities.
Most meme coins like Dogecoin lack clear utility. Dogeverse has no such problem, with some betting is could become a highly popular inter-blockchain bridging asset.
With a snap of his fingers, multi-chain becomes a reality!
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