Amid small gains for Cardano and Dogecoin, the new token DeSoc is attracting significant attention due to its successful presale.
Current Status of Cardano and Dogecoin
The Cardano (ADA) token is trading at around $0.8274, showing a gain of 2.49% in the last 24 hours. With a market cap of $29.3 billion and a trading volume of 41.89%, ADA is struggling for development, while users await the Leios upgrade. Dogecoin (DOGE) is priced at approximately $0.2369, up 2.73% for the day, with a market cap of $35.6 billion and a trading volume of $2.25 billion, which has declined by 38.91%. Despite support from Elon Musk, Dogecoin is not demonstrating a solid functionality for sustainable growth.
DeSoc: A New Player in the Market
DeSoc, a decentralized social network, has raised over $10 million in a short time. It focuses on creating infrastructure for identity ownership in the decentralized space, addressing issues related to content moderation and algorithm manipulation. DeSoc has already built an active community and plans to launch a full-fledged platform.
Potential of DeSoc in the Cryptocurrency Market
There are predictions that DeSoc could reach the $1 price level faster than Cardano and Dogecoin due to its utility and thorough approach to token economics. Contributing factors include over $10 million raised in early rounds and a reward model for interaction. DeSoc addresses user needs by providing the ability to carry their identity across platforms and building communities around unique content.
Cardano and Dogecoin remain important players in the market, but DeSoc, with its innovative approaches and increasing support, may become the new leader in the cryptocurrency space.
