While the reason for the fall in Bitcoin and Ethereum is being wondered, DOGE20 token emerged as the rising star of the bull market.
The fall trend of the leading cryptocurrency Bitcoin after making an all-time high (ATH) trend negatively affected the entire crypto community. The fluctuation in the crypto market has also led the second largest cryptocurrency and the largest altcoin, Ethereum, into a downward trend.
Falling below the $3500 level, ETH extended the downward trend and fell to around $3300. Crypto experts predict that the Ethereum price could drop to the $3200 support area.
It is said that one of the biggest reasons for the downward trend in Bitcoin and Ethereum prices is the announcement of the interest rates by the US Federal Reserve, also known as the FED. The uncertainty prevailing in the market before the FED interest rate decision expected to be announced on March 20 seems to have led to sharp declines in BTC and ETH and other altcoins.
While there is a 99% probability that the FED won’t change the interest rates, the FED’s approach to inflation and its effects on the price movements of cryptocurrencies, especially Bitcoin, are awaited for the decision on March 20. Meanwhile, many altcoins, especially ETH, are experiencing double-digit declines.
Another reason for the fall in the price of ETH is cited as whale movements. Experts indicate that the price of ETH has dropped due to whales moving large amounts of ETH to exchanges. Weakening due to FED statements and whale movements, ETH is also taking another blow from the record outflows of spot ETFs, increasing the uncertainty in the cryptocurrency market.
According to CoinMarketCap data, Ethereum has fallen by around 15% in the last 7 days and by nearly 5% in the last 24 hours, hovering around the $3300 level. At the time of writing this article, the price of ETH is $3323.
While the crypto community is waiting for the uncertainty to dissipate, on the other hand, the community is racing to buy the Dogecoin20 token. The presale of the project, which has exceeded $3 million in a short time, catches the attention of investors.
Elon Musk’s Favorite New Alternative to Dogecoin: DOGE20
Famous billionaire and crypto enthusiast Elon Musk’s popular meme coin project Dogecoin’s eco-friendly alternative, DOGE20, is causing a stir in the crypto world.
The project, whose presale event has just started to meet with those who want to buy Dogecoin20 tokens at discounted prices, has exceeded $3 million and is rapidly moving towards its goal. As an Ethereum-based ERC-20 token, DOGE20 positions itself as a more eco-friendly meme coin with the Proof of Stake mechanism it uses.
Built on the Ethereum network, which is at the center of De-Fi, Dogecoin20 is designed as a secure, decentralized, and community-centric token. Calling itself as Dogecoin upgrade, DOGE20 seems to have attracted the attention of the crypto community with its promises and claims.
DOGE20 Presale Exceeds $3 Million
Unlike projects such as BTC and ETH, which are affected by uncertainty and sales pressure, DOGE20 manages to raise around $1 million in daily funds. The project, which exceeded $2 million the day before, is applauded for exceeding $3 million 24 hours later.
Investors, who want to buy Dogecoin20 tokens at discounted prices before the listings on exchanges, can attend the presale event. A total of 35 billion tokens of the 140 billion token supply of DOGE20 tokens meet with investors through the presale.
Named Dogecoin20 in reference to the famous meme coin Dogecoin and the ERC-20 protocol, the project is presented to early-stage investors with a 12-stage presale event. The price of DOGE20 token is increased at certain rates at each stage.
The DOGE20 price, which was $0.00014 at the first stage, rises to $0.00020600 in the final stage. The earlier the investors buy DOGE20 in the early stages, the more potential gain they will have before the listings on exchanges.
Investors also find an opportunity to make a profit through staking, apart from the strategy of exchange performance and price increase in the presale. By locking their tokens, investors have the chance to earn passive income.
According to the staking panel, the number of staked DOGE20 tokens has exceeded 10 billion. While the reward per ETH block is 6751 DOGE20 tokens, the annual return ratio (APY) is currently realized at 274%. It is aimed to distribute 17.5 billion tokens in the project’s first year and 3.5 billion tokens in the second year to the participants involved in the staking mechanism.
Important Information to Buy DOGE20
To purchase DOGE20 tokens before the listings on exchanges, investors need to attend the presale event. Although there is a certain rate of price increase, as there is no instant volatility during the presale event, the event gives a fixed price guarantee during the relevant stage. Moreover, it is known how much the token price will increase in the next stage.
At the current stage, investors who want to buy the Ethereum-based meme coin Dogecoin20 tokens pay $0.000201. It is planned that the price of DOGE20 will be $0.000202 in the next stage.
Early-stage investors who want to buy DOGE20 tokens can make payments with ETH, USDT, BNB, or card transactions.
Disclamer:
Koin Bülteni is not responsible for any damage or loss related to any product or service mentioned above. Koin Bülteni recommends readers to do their own research on the company mentioned in this sponsored article and the products or services offered by the company.
