A new memecoin based on the Solana blockchain, named DOGEN, is generating significant buzz. Speculation suggests it could outshine popular tokens like Dogecoin and Shiba Inu, with potential gains reaching 50,000%.
DOGEN's 500% Surge
After listing on Raydium DEX, DOGEN's price surged 500% to $0.0066 before stabilizing around $0.002. DOGEN attracted $5.5 million in its presale, demonstrating strong demand. The community of over 30,000 members indicates long-term interest.
CEX Listing and Its Impact
A centralized exchange listing could be a catalyst for DOGEN's growth, attracting fresh liquidity and buyers. The eezzy's journal channel noted DOGEN as a potential Solana meme coin leader, eyeing a $100 million market cap.
The Market for Dogecoin and Shiba Inu
Dogecoin began as a joke but gained popularity through community support and figures like Elon Musk. Shiba Inu, inspired by Dogecoin, operates on the Ethereum blockchain and supports decentralized exchanges and other features. Both tokens depend on public interest and market trends.
Amid the 2024 bull market, DOGEN stands out as a promising project, targeting investors seeking exclusive opportunities with potential thousand-percent returns. DOGEN is building a community and offering unique benefits to early adopters.
