Crypto Market Crashes as Dogeverse Goes to $4.5 Million

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There are various factors influencing the cryptocurrency market: not only the imminent halving of Bitcoin, scheduled for April 19, but also the geopolitical factorswhich determine the performance of the various assets.

Because, in fact, ofIran’s attack on Israel, there was a collapse in the crypto market over the weekendwhich saw most assets decline in value, with Bitcoin which is again just above $66,000 and Ethereum which fell to $2,800, although it then recovered (today it is above $3,200).

However, the bad moment does not involve successful pre-sales like that of Dogeverse, the multichain meme coin project that surpassed $4.5 million in its pre-sale.

Geopolitical tension leads the cryptocurrency market to collapse

Iran attacked Israel, leading to not only political but also economic consequences and also involving the cryptocurrency sector, which in fact suffered a notable collapse over the weekend for most assets.

A few minutes after the attack, Bitcoin fell to $60,800, then rebounded to $64,400 and recovered to $66,500 today. Same thing for Ethereum, which first fell to $2,800, then recovered to $3,000 and today is above $3,200.

Other assets, such as Solana or BNB, also first experienced a decline between 5 and 10% but today they are clearly recovering. Of course, such a collapse led to many losses for investors, as they testify data from Coinglass, which reports a collapse of $962.4 million in total.

Long traders, in particular, experienced losses of over $771 million, while short traders suffered losses of over $199 million.

Liquidation Heatmap. Source: Coinglass

The DeFi sector also suffered losseswith settlements of more than $120 million: second QCP Capital this is due to Bitcoin as a weekend macro proxy hedge and also states that this situation allows traders to buy on the dip.

Also Julio Morenowhich is responsible for research for CryptoQuant, claims that the sell-off action wiped out investors’ unrealized profits: “After today’s sell-off, traders’ unrealized profits (purple area) are at their lowest level since early February (10%). Furthermore, prices are closer to traders’ realization of $58,000,” she argued.

Bitcoin realization price. Source: Julio Moreno/CryptoQuant

What will happen to the crypto market?

Despite today’s recovery, tensions in the Middle East remain very high: Iran has in fact made it known that, if Israel responds to the attack, the situation will worsen. In fact, although the country considers this “revenge” to be decisive, it will not back down if Israel forces it to act again.

According to what was stated by the Permanent Mission of the Islamic Republic of Iran: “Iran’s military action was a response to the Zionist regime’s aggression against our diplomatic headquarters in Damascus. The matter can be considered concluded. However, if the Israeli regime makes another mistake, Iran’s response will be much more severe. This is a conflict between Iran and the rogue Israeli regime, which the United States must stay away from.”

Tension is therefore very high and further attacks could impact the crypto sectorso events such as Doge Day on April 20th or the BTC halving on April 19th could be influenced by these factors.

In the meantime, however, the presale of Dogeverse, a new multichain meme coin, knows no limits and reaches $4.5 million in a short time.

The pre-sale of Dogeverse, the new multichain meme coin, is continuing well and reaches $4.5 million

Dogeverse is a new meme coin based on Doge, which has reached $4.5 million in pre-sale, with DOGEVERSE currently at $0.000295. The success of the project is identified thanks to the mascot Cosmosa Doge who discovered he was able to jump from one blockchain to another, a feature of Dogeverse.

The $DOGEVERSE token is in fact presented as a multichain: launched first on Ethereumthrough Wormhole bridging, then also achieved Polygon and the BNB Chain and plans to get there Avalanche, Base and Solana.

Strengths of the project are elements such asInteroperability which, thanks to Wormhole and Portal Bridge, wants to guarantee all users a smooth experience in the sector; L’optimization of costs and speedin fact users can choose the blockchain with the lowest fees and the highest transaction speed, therefore the most advantageous.

Other important elements are the flexibility And inclusivenessas the project, being multichain, will be accessible to a wider audience and will allow the use of the DOGEVERSE token, which guarantees great flexibility.

Tokenomics of the project involves a total supply of 200 billion tokensof which 15% is allocated to presale, 10% to rewards for staking, 25% to marketing maneuvers, 25% to funds for the project, 10% to liquidity and the remaining 5% for listings on exchanges.

The roadmap is instead divided into five phaseswhich include, among other things, the launch of the website and social channels, the audit of smart contracts, the start of pre-sales, the creation of the community through marketing maneuvers, requests for CoinMarketCap and CoinGecko, and finally the listings on the DEX and those on the CEX.

Furthermore the project also includes the staking, the distribution of rewards for which will take place at the rate of 6088 DOGEVERSE per Ethereum block, over two years. Right now the expected APY is 220%.

Anyone who is interested and wants to participate in the presale can buy the DOGEVERSE token using ETH, USDT, BNB, MATIC, AVAX or a bank card, and connecting your wallet to the official project website. The future prospects for the token appear good, so it is worth considering this type of investment.

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