An Exclusive Look At Dogeliens (DOGET), The Upcoming De-Fi Meme Coin Giving Industry Leaders Like Algorand (ALGO) and Elrond (EGLD) A Run For Their Money
The competitive nature of the cryptocurrency industry is something that is all too familiar to investors and other crypto players. This is why it is extremely difficult for new crypto projects to break out in the space. It takes an exceptional project to stand out in an industry dominated by heavy hitters such as Bitcoin (BTC), Ethereum (ETH), Algorand (ALGO) and Elrond (EGLD).
Dogeliens (DOGET) falls into that category of exceptional crypto projects. Very seldom do you see a crypto project combine two pillars of the cryptocurrency industry into a single product. The DOGET token, the native cryptocurrency of the Dogeliens platform, is a meme token with De-Fi features to enable its holders to access De-Fi services such as staking. It is one of a kind, something very rare within the cryptocurrency industry.
Crypto analysts believe Dogeliens (DOGET) possesses the potential to overtake industry leaders such as Algorand (ALGO) and Elrond (EGLD). In this piece, we examine the three altcoins in-depth.
Algorand (ALGO) is a blockchain-based platform designed to support a wide range of applications that are secure, scalable and efficient, possessing all the critical properties for practical applications in the real world. Professor of computer science at the Massachusetts Institute of Technology, Silvio Micali, founded the platform, which went live in 2019. Since then, it has grown to become one of the most notable crypto platforms in the cryptocurrency industry.
The Algorand (ALGO) platform is best known for fast transactions, improved efficiency and low transaction costs. Additionally, since it runs on a permissionless pure proof-of-stake (PoS), the platform does not require any energy-intensive mining, unlike blockchain platforms like Bitcoin (BTC).
Central to the smooth running of the application is its native token, ALGO. ALGO is a top 30 cryptocurrency by market cap with a live market cap of $2,141,266,558, a circulating supply of 6,904,700,941 ALGO coins and a max. supply of 10,000,000,000 ALGO coins. The token is available on several crypto platforms in the industry, including Coinbase, Binance, OKEx, Kraken and Huobi.
Another familiar name within the cryptocurrency industry, Elrond (EGLD), is a blockchain protocol that offers breakneck transaction speeds through sharing technology. This technology allows Elrond’s (EGLD) smart contracts execution platform to perform 15,000 transactions per second (tps) with six-second latency and a $0.001 transaction cost.
Beniamin Mincu, Lucian Mincu and Lucian Todea founded Elrond (EGLD) in late 2017 as a solution to the problem of blockchain scalability, one of the most pressing problems facing the industry. Several years down the line, Elrond (EGLD) is commonly referred to as the first blockchain network which implements state, network, and transaction sharding.
Another thing Elrond (EGLD) is known for is its support for developers building on the platform. Elrond (EGLD) allows them to earn 30% of the smart contract fees as royalties.
EGLD, the platform’s native cryptocurrency, provides utility and governance rights to its holders. EGLD is exceedingly popular within the cryptocurrency industry and is a top 50 crypto by market cap. You can find EGLD trading on several crypto platforms, including Binance, OKX, Bitget, Bybit, and MEXC.
Dogeliens (DOGET) is an upcoming crypto platform that seeks to provide world citizens with a meme coin with De-Fi features that users can use for various activities, including staking and earning. With Dogeliens (DOGET), users can stake and earn coins in an ideal environment that enables the performance of these activities with no interference. Furthermore, users can complete transactions securely and anonymously with low transaction costs on the Dogeliens (DOGET) platform.
The platform aims to make its DOGET token the meme token of choice around the world. With abundant supply and low cost, DOGET is the ideal long-term cryptocurrency investment in the bear market. The token goes on presale soon and is one that investors should have on their radar. For more information on Dogeliens (DOGET), watch this space.