Ethereum (ETH) whales mostly consist of individuals who possess extensive amounts of Ethereum, and they are continuously looking for the next big market opportunity. Recently, these whales have been active on DuragDoge ($DURAG), a new meme token that started attracting attention in a short time. DuragDoge is currently favourably branded and has solid community backing, which has led many people to ask whether it can become the next Dogecoin (DOGE).
DuragDoge is one new crypto coin in the market that seeks to offer value to the market. Because of the qualities like working hard, dreaming and the spirit of achieving something big it tends to merge people with similar interests. It is currently priced at $0.0009 but it is expected to reach $0.01 when it is listed in the market.
This article highlights why Etheruem whales are betting on DuragDoge and its potential to become the next Dogecoin
Ethereum (ETH): Leading Blockchain for Decentralized Apps and Smart Contracts
Ethereum is among the recognized projects linked to blockchain and people consider it as the second most utilized digital currency in the world after bitcoin. The native cryptocurrently of this platform is Ethereum. As with other systems of blockchain, it is used in the creation of decentralised applications as well as in deploying smart contracts.
Currently, Ethereum trading dropped to $2,300 after reaching a high of over $2,500 within the last few days. This happened after the president of the United States of America, Donald Trump, discussed the possibility of creating a U.S. Crypto Reserve that might include some of these assets. In addition, many Ethereum whales are buying the new coin, DuragDoge for diversification of their investments
Dogecoin (DOGE): Faces Decline as Interest Wanes Despite Strong Community
Dogecoin is already exceptional in the world of cryptocurrencies due to its approach. First launched merely as a joke based on a meme, DOGE has now found itself receiving much attention. The growth of this site is due to its community, which is associated with the famous “Doge” internet meme.
Dogecoin is also beneficial as its fees remain low, and it offers fast transaction processing. However, due to a twist of events, the coin has been experiencing a downward trend in the recent past. This decline is a result of reduced interest in the platform.
DuragDoge ($DURAG): Meme Coin Set to Soar with Deflationary Power and Staking Rewards
DuragDoge is now becoming popular due to its unapologetic goal of bringing $DURAG from the block to the world. This DeFi crypto currency has fostered a culture of hustlers, dreamers, and doers who would like to make things move. Due to increasing attention, experts believe that this coin will surpass Dogecoin and become the most promising crypto in the market.
One reason the Ethereum whales are giving their support to DuragDoge is its deflationary mechanism. The burning process diminishes the available number of tokens in circulation over time and, therefore, raises its price. In contrast to other DeFi crypto currency projects, it does not require additional transaction fees in purchase and selling of $DURAG.
Big investors also have the opportunity to benefit from DuragDoge’s staking rewards system. Here, holders can also lock up their tokens and get a passive income, with the possibility to receive up to 20% APY. Thus, this system contributes to stable long-term positions and makes it the most promising crypto project.
Conclusion
To begin with, DuragDoge has effectively managed to mark its place in the highly competitive world of cryptocurrencies. This new crypto project has interesting features that set it apart from other crypto projects. With the persistent inflow of investments, DuragDoge can even achieve more success than Dogecoin.
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