Exciting Launch of Dogecoin20 (DOGE20) on Uniswap – Price Surges Over 100%
Dogecoin20 (DOGE20), a new Ethereum-based Dogecoin alternative, has made waves in the crypto community after rallying over 100% less than an hour after landing on the decentralized exchange Uniswap. The surge in buying activity was largely driven by anticipation for Saturday, April 20, 2024, a day marked by both the Bitcoin halving and International Doge Day.
The DOGE20 claim went live at 10AM UTC after a successful ICO that raised over $10 million. Originally scheduled to end on April 20, the team decided to conclude it early due to the overwhelming demand and the strategic significance of Doge Day. The Dogecoin community chose April 20 for its associations with 4/20, a day known for its fun and irreverent nature.
With the Doge Army gearing up for Doge Day, investors are looking into alternative projects like DOGE20, which offers a cleaner, greener, and more useful token than the classic Dogecoin (DOGE). Within 45 minutes of landing on Uniswap, DOGE20’s price surged by 101% to reach 0.0003632 USD.
DOGE20, named after the ERC-20 token standard, leverages the Ethereum network’s decentralized finance (DeFi) capabilities, making it cheaper, faster, and more environmentally friendly than Dogecoin. The token also offers a staking mechanism that currently yields 41% APY for holders looking for passive income.
With nearly 70 billion tokens already staked and a total supply cap of 140 billion tokens, DOGE20 is establishing a solid foundation for long-term value. Despite its low market cap of less than $30 million, over $1 million in liquidity has been locked on Uniswap to facilitate high-volume trading.
As Doge Day approaches, investors are urged to consider DOGE20 as a potential investment opportunity. However, it is important to note that crypto investments are high-risk and speculative in nature. This article serves as informational content and does not constitute investment advice.
