The cryptocurrency as a whole is suffering from a market downturn, and things don’t seem to be getting better any time soon.
However, projects like Dogeliens Token (DOGET) they are making a headline even in situations like these. Today you will go through its ins and outs and at the end you will also decide if something like Litecoin (LTC) or Wrapped Bitcoin (WBTC) is worth sticking with. Let’s start!
Basic Information about Bitcoin Wrapped
Wrapped Bitcoin (WBTC) is another crypto token that ranked among the top projects this year. In general, it is a lower level version of Bitcoin with some additional functionality. Oddly enough, WBTC was built on top of the Ethereum (ETH) framework, which means it is an ERC-20 token. It was developed by three crypto lending platforms: BitGo, Kyber, and Ren. Under his influence, WBTC was ready to go live 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 had over the years, it also enjoys reduced transaction costs compared to BTC. There are also many storage options with WBTC, which means that it is an essential asset for institutions. Besides. This project plays a vital role in managing liquidity through the blockchain. Interestingly, WBTC is backed one-to-one with BTC, which means that its price remains relatively stable.
Basic information about Litecoin
The major cryptocurrencies are the ones that are purely focused on utility, and that is what Litecoin (LTC) is all about. It is a digital token that allows other networks to perform fast transactions and on-chain stability. LTC was developed from scratch by a guy named Charlie Lee. He was working on this protocol as a former software engineer at Google. Charlie was also one of the few spokespersons who strongly believed in the success of cryptocurrencies, even mining a few coins on his day.
LTC was launched as a better option than the original BTC. Their goal is to provide fast transactions and reduce network fees as low as possible. Recently, its price has skyrocketed because the protocol has some interesting updates 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 ever at the $412 mark.
Basic information about the Dogeliens token
Finishing off the list with a new cryptocurrency, you have the Dogeliens Token (DOGET). It’s not your run-of-the-mill crypto project because it depends on the support of its community. Like WBTC, DOGET is an ERC-20 coin, but it does not support the ETH protocol. Instead, it relies 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 that you could see unique DOGET NFTs coming to the exchange soon. This is very likely to help DOGET’s price action in the long run. DOGET also announced that it will be targeting the GameFi market soon. So, you can earn rewards just by playing your favorite games. There are over 25 billion DOGET tokens, with a large sum of which will be available to hold in the token sale. If the burn protocols continue, DOGET price action will see substantial growth.
Dogeliens Token (DOGET), being a new crypto project, is here to stay, and that is relevant due to its heavy focus on future updates. It may not be able to outperform WBTC or LTC, but it could still prove its value to the rest of the industry. You can get a 10% bonus on every DOGET purchase in the token sale. While you spend $250, you get an additional 3% rewards!
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