Trump Endorses Dogecoin with a $7.5 Million Investment: Potential Cryptocurrencies to Secure
Dogecoin, the popular meme-based cryptocurrency, is once again making headlines, with a company linked to the Trump family purchasing 7.5 million Dogecoin tokens for around $2 million. This move has brought Dogecoin back into the limelight during a busy week in the crypto world.
Cboe, the American stock exchange, has listed the REX-Osprey DOGE ETF (ticker: DOJE), the first spot ETF dedicated to Dogecoin for US investors. This development has created a clear narrative for media and content creators, potentially attracting more curious onlookers to the world of Dogecoin.
However, the spotlight is not only on Dogecoin. Two other contenders, Maxi Doge and Pepenode, are also garnering attention. Maxi Doge, a new memecoin, aims to amplify the Doge imagination and has already raised several million in pre-sales. On the other hand, Pepenode is a Web3 game that allows users to engage in 'virtualized mining' and earn tokens as rewards, with a portion of expenses burned according to public documentation.
The Ethereum framework simplifies onboarding for Pepenode, making it an attractive option for those who want the thrill of mining without the logistics. Meanwhile, Maxi Doge's unit price is affordable, potentially converting these curious onlookers into early entrants if the flagship asset retains attention.
In the medium term, the success of Maxi Doge, Pepenode, and Best Wallet (another contender in the crypto space) will be won on factors such as governance, transparency, and product execution, rather than buzz. The success of Best Wallet depends on factors such as user experience, security, integrations, and fees. Investors in Best Wallet need to verify the roadmap, deliverables, and update pace.
$BEST, the utility token associated with Best Wallet, positions itself as the 'pick and shovel' strategy of the current crypto cycle. Meanwhile, Thumzup Media Corporation, the buying company linked to the Trump family, aims to have up to 3,500 Scrypt (DOGE/LTC) rigs by the end of the year.
The SEC has reduced the approval process for ETPs backed by spot commodities, including crypto-assets, to around 75 days in some cases. This validation of generic listing standards for ETPs backed by spot commodities has also contributed to the favorable attention generated by the DOGE purchase by Thumzup Media Corporation.
Best Wallet is a super-app wallet that focuses on utility, offering cross-chain aggregation and a simplified journey, with potential boosts or cashbacks within the ecosystem. The pre-sale for Pepenode reached $1 million mid-September.
In conclusion, Dogecoin, Maxi Doge, and Pepenode are the most readable satellites in the short term, with the favorable attention generated by the DOGE purchase by Thumzup Media Corporation and the first DOGE ETF. However, the success of these cryptocurrencies will ultimately depend on factors such as governance, transparency, and product execution.
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