The crypto market is saturated with thousands of cryptocurrencies that attempt to leave their mark on the blockchain industry. However, only some succeed in their quest, with others failing to make an impact and raise their market capitalisations. This editorial piece will examine three cryptocurrencies targeting specific crypto niches, allowing them to build vibrant and loyal communities.
Ethereum (ETH) and ApeCoin (APE) are two established cryptocurrencies, with Ethereum targeting NFTs and decentralised applications (dApps) and ApeCoin targeting NFTs. Dogeliens (DOGET) looks to replicate the success of Ethereum and ApeCoin, producing an ecosystem that aims to invade the Metaverse and impact the NFT sector.
Dogeliens To The Moon!
Dogeliens to the moon is an appropriate slogan for the new meme token platform since it hosts a spaceship. The spaceship will accommodate all Dogeliens community members, with a special wing designed for those holding Dogeliens NFTs.
Dogeliens will host a 10,000-strong NFT collection with exclusive benefits and incentives for those who hold the NFTs. However, by just holding the DOGET token, community members can make crucial contributions to the development of the Dogeliens platform!
Education and charity are two significant parts of the Dogeliens ecosystem. Dogeliens believes that everyone deserves the right to an education, so it has placed free educational tools on its platform for any community members. Additionally, 3% of each transaction fee will go directly to a charity wallet, with community members deciding where the funds go at the end of each month.
How Did Ethereum Acquire Its Ludicrous Market Capitalisation?
Since 2015, Ethereum has provided a dynamic blockchain platform that has allowed over 2,700 dApps to build on it. While some cryptocurrencies only target one niche, Ethereum has targeted several.
The blockchain giant hosts the most recognised NFT marketplace in the crypto market, OpenSea. Some of the most expensive cryptocurrencies feature on the OpenSea marketplace, including CryptoPunks and the Bored Ape Yacht Club (BAYC) collection.
Ethereum’s dynamic nature improves its resolve during crypto crashes. While most of the market is in a state of decline, Ethereum has increased its market capitalisation. The blockchain giant has risen by 4.92% in the past seven days at the time of writing. This increase showcases the importance of the Ethereum network in the crypto ecosystem.
ApeCoin’s NFT Collectables
After the success of the BAYC collections, Yuga Labs needed a cryptocurrency to facilitate transactions for future projects. That is where ApeCoin came into play. There are several ApeCoin collections in the top five NFT collections by sales volume.
The inception of ApeCoin has been successful thus far, reaching the top thirty cryptocurrencies in the market. One of ApeCoin’s reasons for success is its dedication to being a community-centric token through the implementation of its DAO. The DAO allows community members to make crucial decisions concerning the platform’s future.
Like Ethereum, ApeCoin increased its market capitalisation rapidly after the recent crypto crash. ApeCoin has risen by 30.84% in the past seven days at the time of writing. This mammoth increase could be attributed to its successful NFT collectables and the rising adoption of NFTs.
Ethereum and ApeCoin have undoubtedly dominated specific niches in the crypto market. Their attention to detail and dynamic nature has allowed them to build a loyal user base that supports their project through times of adversity.
Dogeliens looks to replicate this success, producing a platform that can facilitate growth for the Metaverse and NFT sector while prioritising charities and education on its platform. The future looks bright for the new meme token as it looks to transform the NFT sector.
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