DOGE2.0 token surges 8,000% after going viral, but crypto whales are accumulating Wall Street memes before listing on exchanges.

The DOGE2.0 meme token has experienced a significant rally of 8,000% in the past few days, reaching $0.00000001404 today, which represents a 13% gain in the last 24 hours.

DOGE2.0 is one of several ‘2.0’ meme tokens that have emerged in the past couple of weeks, each aiming to position themselves as newer and more profitable versions of previous meme coins.

However, DOGE2.0 has managed to differentiate itself from similar coins by gaining support from a few centralized exchanges, with Poloniex being the latest to announce its support for the meme token today.

Nevertheless, DOGE2.0 appears to lack long-term viability as a cryptocurrency, as another new meme token, Wall Street Memes (WSM), which is currently in presale, has already shown signs of attracting a larger community.

DOGE2.0 Token Blasts Up 8,000% After Going Viral But Crypto Whales Are Accumulating Wall Street Memes Before it Lists on Exchanges – Here’s Why

DOGE2.0 has experienced multiple peaks and troughs in the past few days, reaching record highs and then retracing, as it has done in the past hour or so.

Of course, DOGE2.0 is a very new meme token and is currently enjoying its initial growth spurts, which may not last long.

On the positive side, it appears that some centralized exchanges (CEXes) are starting to list DOGE2.0, with LBANK Exchange and Poloniex adding their support in the past 24 hours.

This could help sustain DOGE2.0’s current momentum, as both exchanges increase the token’s liquidity and market presence.

However, a couple of listings do not change the fact that DOGE2.0 is a pure meme token with limited utility, and it only has around 2,000 followers on Twitter.

Due to the lack of a significant community to support it, it is unlikely that DOGE2.0 will have the same lifespan as the original Dogecoin (DOGE).

There are also newer meme coins that have better long-term prospects than DOGE2.0, with Wall Street Memes (WSM) being among the most notable.

WSM runs on the Ethereum blockchain as an ERC-20 token and has already raised over $12.9 million since its presale started last month.

Its association with the meme stocks movement, which gained prominence in 2021 and triggered the GameStop and AMC rallies, has played a significant role in its success.

WSM has allocated 30% of its two billion supply for community rewards, and it has gathered more than 256,000 Twitter followers, demonstrating its strong online presence.

Such a presence is crucial for WSM to have a longer lifespan than DOGE2.0, as meme tokens thrive or decline based on the strength of their communities.

New investors can join this community by visiting the official Wall Street Memes website and linking their crypto wallets, with 1 WSM currently selling for $0.031.

This price will increase to $0.0337 in the final stage of the sale on the 30th, when WSM will be listed on exchanges, potentially generating significant profits for its holders as it experiences a large rally.

Visit Wall Street Memes Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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