According to the latest news regarding the Avalanche Foundation company, this organization has distributed funds by investing in 5 cryptocurrencies, which have shown notable performances.
Starting from this assumption, many users would be interested in predicting the company’s possible next moves, which could anticipate the growth of other meme coins present in the crypto market.
Some experts suggest that Dogeverse could be the ideal meme coin for this ecosystem, considering that in fact it is already possible to purchase AVAX on this platform.
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The operations of the Avalanche Foundation
The Avalanche Foundation, a nonprofit organization responsible for managing the Avalanche blockchain, announced Thursday that it has distributed funds into five tokens according to specific criteria and has expressed its intention to continue such investments in the future. These tokens include KIMBO, COQ, GEC, TECH, and NOCHILL.
The cryptocurrencies listed above were issued in recent months and have recorded cumulative daily trading volumes up to millions of dollars, with increases of up to 60% after Avalanche’s disclosure, despite an overall market decline.
THE DEXTools data show an increase in trading volumes on Avalanche tokens, along with increased issuance of new meme tokens, likely indicating the Foundation’s expectation of a new trend.
Following disclosure, i trading volumes on the Avalanche Trader Joe exchange grew to $65 million on Thursday from $53 million on Wednesday. Avalanche described these meme tokens as “community coins,” saying they represent the essence of the fun, spirit and interests of the various crypto communities.
Furthermore, the success of COQone of Avalanche’s meme coins, has highlighted interest in this asset category, with a single trader managing to turn just over $450 worth of COQ into over $2.5 million in just a few weeks.
While meme coins have often been viewed with skepticism, growing interest and investment from prominent blockchain teams could change how they are perceived.
Furthermore, the option to purchase AVAX is now available on the Dogeverse website, with the addition of Base and Solana options scheduled for the following week. As a result, several speculations suggest that the new presale crypto Dogeverse could also enter the orbit of the Avalanche ecosystem.
Dogeverse (DOGEVERSE)
Dogeverse is an innovative cryptographic project that features the first multi-chain meme coininspired by the exploits of Cosmo, a special Doge capable of crossing different blockchains.
The goal of the platform is to unite individuals from different crypto communities who share a passion for Doge memes, thus creating a vast ecosystem operating on multiple blockchainsincluding Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.
The main character, Cosmo, represents the essence of freedom, exploration, and community solidarity in the world of cryptocurrency. Instead, DOGEVERSE is the native token of Dogeverse and is led by Cosmo, who invites users to join him in an adventure aimed at uniting people and stimulating creativity, regardless of the blockchain they belong to.
Additionally, the platform offers high staking rewards to early investors, with a current 1287% APY.
Using special technologies such as Wormhole and Portal BridgeDogeverse ensures that DOGEVERSE tokens are interoperable across different blockchains, making them easier to use and helping to make the tokens more convenient and accessible for buyers.
During the current presale phase ICO, DOGEVERSE tokens are available on six major blockchains, with a total supply of 200 billion tokens, of which 15% is earmarked for the pre-sale phase for early adopters. The project is committed to building a strong and inclusive community through fun social activities and creative marketing ideas.
Joining Dogeverse offers participants the opportunity to reap the benefits ofrise of meme coinsinteract with other investors with similar interests and participate in an exciting project that combines the power of memes with the most advanced blockchain technology.
Currently, the DOGEVERSE presale has raised approximately $1 million, with the price of the token which is currently $0.000291. It is therefore an economic opportunity, which could exploit the hype for meme coins, thus guaranteeing very interesting profits for users.
For more information on meme coins, also read “Boom of traders buying meme coins”.
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