DOGEN, a cryptocurrency built on the Solana blockchain, shows impressive growth following its recent listing on the decentralized exchange Raydium. This may mark the beginning of a new positive trend in the crypto market.
DOGEN Surges After DEX Listing
After its listing on Raydium DEX on February 4th, DOGEN's price surged to $0.0066 before settling around $0.002. At this level, it remains 566% above its initial presale price of $0.0003. DOGEN’s presale raised $5.5 million, attracting over 30,000 participants in its community on platform X.
Impact of CEX Listing
A centralized exchange (CEX) listing could act as a powerful catalyst for meme coins like DOGEN, bringing in fresh liquidity and new buyers who missed the presale. The eezzy’s journal channel has already identified DOGEN as a potential Solana meme coin leader with a market cap potential exceeding $100 million.
Current and Future Prospects of Solana Cryptocurrency
Solana is a blockchain platform focused on speed and scalability, capable of supporting decentralized applications and competing with networks like Ethereum. Its native cryptocurrency, SOL, plays a key role in the ecosystem by facilitating payments and encouraging service development.
While many cryptocurrencies, such as SOL, BONK, WIF, and Popcat, show less pronounced short-term growth, the DOGEN cryptocurrency demonstrates strong potential. Its expected 700% growth by the end of the presale may attract significant investor interest this altcoin season.
