Cryptocurrency as a whole is suffering from a market recession, and things don’t seem to get better anytime soon.
However, projects like Dogeliens Token (DOGET) are making a headline even in situations like these. Today you will go through its ins and outs and, in the end, also decide if it’s worth holding over something like Litecoin (LTC) or Wrapped Bitcoin (WBTC). So, let’s begin!
Basic Information About Wrapped Bitcoin
Wrapped Bitcoin (WBTC) is another crypto token that positioned itself among the top projects this year. Generally, it’s a tier-down version of Bitcoin with some additional functionality. Oddly enough, WBTC was built on the Ethereum (ETH) framework, which means it’s an ERC-20 token. It was developed by three crypto lending platforms: BitGo, Kyber, and Ren. Under their influence, WBTC was ready to be operational in 2019. This cryptocurrency is used in peer-to-peer transactions and to benefit other smart contracts. Thanks to the network upgrades that WBTC has over the years, it also enjoys reduced transaction costs compared to BTC. There are also many storage options with WBTC, which means it’s an essential asset for institutions. Additionally. This project plays a vital role in managing liquidity across the blockchain. Interestingly enough, WBTC is backed one-to-one with BTC meaning its price stays relatively stable to it.
Basic Information About Litecoin
The top cryptocurrencies are the ones with a sheer focus on utility, and that’s what Litecoin (LTC) is all about. It’s a digital token that allows other networks with fast transactions and on-chain stability. LTC was developed from the ground up by a guy named Charlie Lee. He was working on this protocol as an ex-software engineer at Google. Charlie was also one of the few spokesmen who strongly believed in cryptocurrency success, and he even mined some coins back in the day.
LTC was launched as a better option than the original BTC. Its goal is to provide swift transactions and reduce network fees as low as possible. Recently, its price has exploded because the protocol has some exciting upgrades and developments. It also uses proof of work (PoW) consensus, and its supply is locked at around 66 million tokens. LTC recorded its highest price at the $412 mark.
Basic Information About Dogeliens Token
Ending the list with a new cryptocurrency, you have the Dogeliens Token (DOGET). It’s not your run-of-the-mill crypto project because it relies on its community support. Like WBTC, DOGET is an ERC-20 coin, but it doesn’t support the ETH protocol. Instead, it depends on Binance Smart Chain to benefit the end-user. Similarly, DOGET is decentralized and quite scalable.
Its development team has allocated substantial resources to make it eligible to enter the NFT market. This means you could see DOGET’s unique NFTs soon hitting the exchange. This will most likely help DOGET’s price action in the long haul. DOGET also announced that it would be heading to the GameFi market soon. So, you can earn rewards by simply playing your favorite games. There are over 25 billion DOGET tokens, with a huge sum of which will be available to hold in the token sale. If burn protocols continue, DOGET’s price action will see substantial growth.
Dogeliens Token (DOGET), being a new crypto project, is here to stay, and that’s relevant through their sheer focus on future upgrades. It might not be able to surpass WBTC or LTC, for that matter, but it could still prove its worth to the rest of the industry. You can get a 10% bonus on each DOGET purchase in the token sale. While spending $250, you get 3% extra rewards!
To learn more about Dogeliens Token (DOGET), you can visit the following links:
Presale: https://buy.dogeliens.io/
Website: http://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
