The cryptocurrency market has not had many events these past months until the Elon Musk Twitter acquisition triggered some movement. Dogecoin was the most reactive to the news, and seeing the meme coin perform decently has pushed the market to discover a new dog meme coin called Dogeliens.
Dogeliens (DOGET) has been on presale for some time but recently picked up momentum as users constantly search for the next big meme coin. Dogecoin and Shiba Inu are two top meme coins but are considered overpriced by the market. Crypto investors will instead go for underpriced meme coins with the potential of an explosive price pump that memecoins often see.
Polygon (MATIC) has soared in the past several hours, making it one of the best performers in the cryptocurrency market. The token traded at over $1, a price the token has not touched since August. Users are looking at the possible reasons for MATIC’s price pump but seeing as it has been the go-to network for web2 companies, there’s much more growth to come to the network.
Polygon announced a few days ago that Meta, the parent company for Instagram and Facebook, has picked the network to launch its new digital collectibles. Meta is looking to join the NFT hype following its failed blockchain project (Diem) last year. This announcement brings the Ethereum scaling solution to a much wider audience and will allow users to mint and sell their NFTs on Instagram.
Polygon (MATIC) is a layer-2 blockchain solution created to help grow and connect Ethereum and other EVM-compatible blockchains. The network runs alongside Ethereum and has been the most preferred alternative to Ethereum across landscapes. The network is particularly popular for its low trading fees and zero-fee NFT trading.
Polygon recently announced Avail, a general-purpose modular blockchain designed to scale other blockchains. The network has been performing poorly lately, and Polygon launched an update earlier today to fix the issue. Avail, a Data Availability layer created to offer scalable data for independent chains, sidechains, and other layer-2 solutions, was launched by the Ethereum scaling network last June. The Polygon team mentioned they were getting near introducing the Avail mainnet in their most recent release, as it has only been on testnet since June of this year.
Polygon has enjoyed decent traction in the past few weeks. Reddit launched its collectible avatars on the network, Meta is planning to use the network for its digital collectibles, and JP Morgan, one of the biggest banks in the United States, recently completed a DeFi trade on the Polygon network. These developments point to growth and could be an avenue for profit for smart investors.
Dogeliens (DOGET) is another opportunity to make profits for the smart investor. Presale purchases are one of the low-risk avenues to make money in the cryptocurrency market, as the token is usually hugely underpriced to allow room for early investors to get in at a discount and raise funds for the project at the start.
Dogeliens has the potential to be as big as Dogecoin, and buying such a token on presale is a massive win for users who get the opportunity. Dogeliens is looking to create a unique narrative for dog memes using modern utilities that Dogecoin could not integrate. Dogeliens will create value for its holders across DeFi, NFTs, and the metaverse.
As value increases in the Dogeliens ecosystem, the tax is also redistributed to holders, allowing the community to earn passive income from all the activity on the network. There are tons of benefits for Dogeliens holders as the ecosystem is quite appealing to the average person who doesn’t know much about crypto.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.