Dogeliens (DOGET) Dash (DASH) And Monero (XMR)
The cryptocurrency market has been a sore point to look at these past months. With the overall market down over 60% from its all-time high, you can bet that only solid projects have been able to withstand the test. Terra blockchain, with its several billions worth of value, went to dust after the blockchain’s algorithmic stablecoin lost its peg to the US dollars.
The previous bear market was saved by a memecoin season, and this article looks at the possibility of such repeating itself with a new cryptocurrency, Dogeliens (DOGET). In 2021, the cryptocurrency market regained momentum after Dogecoin (DOGE), Shiba Inu (SHIB), and a few other memecoins pumped heavily. We are also looking at the possibility for cryptocurrencies like Dash (DASH) and Monero (XMR) to regain some of their lost market value when the market gains momentum.
Open-source protocol Dash was created due to a hard fork from the Bitcoin blockchain. The coin became well-known for its distinctive approach to the market. Dash focuses primarily on transaction speeds and privacy. As a result, Dash transactions are practically instantaneous and virtually untraceable.
Dash, a well-known cryptocurrency, was created to offer the crypto community more features and scalability than its forerunners. Dash has experienced significant platform and community growth since its launch. One of the most well-known cryptocurrencies in the world right now is DASH.
Dash has cast a wide net to achieve its goal of becoming a platform for daily transactions. The digital cash business expanded into Venezuela in 2018, marking the cryptocurrency’s first entry into a nation with a struggling economy.
Since cryptocurrencies were first introduced three years ago, demand for them—and the number of Dash users—have rapidly risen. The need for a transactional currency is the reason behind this; at the moment, Venezuela is going through a period of intense civil unrest and hyperinflation to the point where the local currency (the bolivar) is essentially worthless.
Monero (XMR) is a cryptocurrency that prioritizes privacy. Like popular cryptocurrencies such as Bitcoin, Ethereum, and others, Monero is an open-source project with a sizable contributor community. Because it is made to keep wallets and transactions completely secret from network users, blockchain developers, and miners, Monero is exceptional.
Monero utilizes a blockchain with enhanced privacy. Monero strives to make wallets and transactions completely anonymous, in contrast to the Bitcoin blockchain, which is completely transparent. With a Monero wallet and the Monero (XMR) currency readily available, it permits quick, private transactions between any two parties anywhere in the world.
The cryptocurrency uses sophisticated cryptographic functions to hide any connection to who initiated the transaction. Interestingly, this technology allows the Monero blockchain to send and receive transactions without directly disclosing the data to observers. Keep in mind that block explorers like those used by Bitcoin allow for real-time monitoring of the Monero blockchain.
This enormous task was made possible by integrating cutting-edge fungibility protocols by the Monero blockchain developers. The majority of cryptocurrencies must have fungibility. A good or asset’s fungibility refers to its capacity to be exchanged for other similar goods or assets individually.
Dogeliens is another Dogecoin-inspired memecoin aiming to join the dog token family and create a top meme culture for the cryptocurrency market. Dogeliens is a new cryptocurrency creating an interesting narrative for the project by posing as the token to be the eventual “pup-pet master” of the dog token family. The project is building community strength by creating slang and narratives to become a tough form of internet memes and funny pushes.
Dogeliens aims to provide users with a fun token that carries on the meme coin hype of Dogecoin(DOGE) and Shiba Inu(SHIB) but with added utility. With plans of launching a Metaverse and providing new games, new charity plus sharing concepts, and educational content to help their users understand cryptocurrencies better.
DOGET is a token to watch out for on presale.