New Coin Listing Today - Dogecoin20 Launches On Uniswap In One Hour

Dogecoin20 (DOGE20), is set to be listed on Uniswap today at 10am UTC.

What is Dogecoin20?

The new Doge meme-inspired token has made headlines with its viral crypto presale, which began on March 18th and hit its hard cap just over a week later.

Besides its meme coin aesthetics, this token comes with a high utility roadmap that could position it for success following today’s Uniswap launch.

When it comes to tokenomics, Dogecoin20 is an ERC-20 token with a total supply of 140 billion coins. 10% of the supply has been set aside for liquidity, and 15% for staking rewards.

Describing itself as a “force for good,” Dogecoin20 inherits the spirit of the Doge lineage. As an innovative project, Dogecoin20 doesn't focus on building on the success of Dogecoin alone. Rather, the token is seeking to correct some of the deficiencies of the meme coin king.

In recent times, one of the notable issues that has affected the mainstream adoption of Dogecoin is scalability. To eliminate this shortcoming, Dogecoin20 is built on the Ethereum network which provides a solution to the delayed throughput encountered with Dogecoin. With this, the new meme coin has secured enough infrastructural backing to handle numerous transactions at a time. 

While embracing the ethos and legacies of the dog family, Dogecoin20 has also taken a step further with its on-chain staking mechanic, empowering early movers with passive rewards. More so, since it employs a proof-of-stake consensus mechanism, Dogecoin20 aims to be one of the greener cryptos in the meme coin space. 

Finally, Dogecoin20 comes with a limited total supply, fortifying it against persistent inflation that could cause an uncontrollable downturn in its price. With its multi-phased roadmap covering its presale (now complete), marketing, and DEX launch on Uniswap, Dogecoin20 is aiming to enhance its utility, expand its reach, and build a robust ecosystem. 

Is DOGE20 a Good Investment?

With Bitcoin reaching a new all-time high in 2024, the prices of altcoins, including meme-inspired tokens are now also rising. The ongoing bull run in the market is no fluke as both institutional and individual investors are now showing great interest in crypto following the approval of Bitcoin ETF filings by the SEC. 

The meme coin sector has benefitted massively from this bull run with well-known tokens like Pepe, Shiba Inu, Bonk, Myro, and Dogwifhat joining the list of top-gainers in the crypto market in recent weeks. 

As such, Dogecoin20 is launching at the perfect time as the prevailing market conditions will have a major impact on how it moves on the price charts when it officially launches today.

More so, another factor that could position Dogecoin20 for growth is its staking mechanic. While participating in the presale, investors can also stake their tokens to maximize their returns. At press time, those who buy and stake the token can earn 45% APY. 

Since a large amount of the DOGE20 token supply is locked in staking, that may reduce the selling pressure on launch day following its Uniswap listing at 10am UTC.

Conclusion 

Overall, Dogecoin20 is seeking to capitalize on the growing appetite for meme coins to gain market traction. With its fantastic roadmap and staking mechanism, the token presents itself as a strong investment opportunity. 

Dogecoin20 is looking to leverage its meme coin fundamentals and on-chain staking mechanic to attract scores of investors to its presale. While its meme-coin aesthetics make it a suitable investment opportunity for short-term traders, its staking mechanic also gives it long-term potential.