After raising over $15 million in its presale, Dogeverse is just one week away from its initial exchange offering (IEO). As anticipation builds for its IEO, several factors suggest Dogeverse could become one of the top new memecoins of 2024.

Pepe surges as Dogeverse gains traction

Since the US Securities and Exchange Commission approved Ethereum spot ETFs on May 23, Pepe has seen significant growth, trading at an 80% weekly premium. This highlights the importance of memecoins in the current market cycle. Other Ethereum memecoins have also benefited from the ETF approvals, with Floki up 33% this week. The market is now looking ahead to potential Solana ETFs.

Analyst Symbiote predicts that Solana ecosystem tokens will see a boost. However, Dogeverse is positioned to benefit regardless of which blockchain gains attention, as it is a multichain meme coin launching on Ethereum, Solana, Base, BSC, Polygon, and Avalanche. This multichain strategy fosters a robust on-chain memecoin community and attracts investment.

Dogeverse is shaping up to be one of 2024’s hottest presales. To enhance long-term potential, the team has introduced a staking layer.

Generous staking rewards to increase demand

Dogeverse staking is live, offering a 48% APY, which is expected to decrease as more tokens are staked, incentivizing early buyers. The staking mechanism aims to increase demand and encourage long-term holding, reducing sell pressure. These dynamics could provide Dogeverse with greater price stability compared to other memecoins, further supported by its multichain approach. Prominent industry figures have recognized this and backed the project for post-IEO growth.

Top analysts predict 10x returns

In a recent YouTube video, prominent low-cap trader Jacob Bury speculated that Dogeverse could achieve 10x gains after its exchange launch. Bury, an early backer of projects like Smog and Sponge, which each soared 100x, lends credibility to his support for Dogeverse. Meanwhile, ClayBro noted there are only seven days until the Dogeverse presale ends and expressed bullish expectations for its future.

Interest in Dogeverse has reached mainstream crypto media, with coverage from Cointelegraph, The Tech Report, and Crypto Potato. However, with the presale ending in one week, time is running out to secure the current fixed and discounted ICO price. Follow Dogeverse on X or join its Telegram for the latest updates, or visit its website to buy and stake tokens.