Dogels could conquer the world of cryptocurrencies. How will Litecoin and Wrapped Bitcoin deal with its success?

The cryptocurrency as a whole is suffering from a market downturn and things don’t look to be improving anytime soon.

However, projects like Dogeliens Token (DOGET) are also making headlines in situations like these. Today you will go through its details and ultimately also decide whether something like Litecoin (LTC) or Wrapped Bitcoin (WBTC) is worth holding. So, let’s get started!

Basic information about wrapped Bitcoin

Wrapped Bitcoin (WBTC) is another crypto token that ranked among the top projects this year. In general, it is a lower tier version of Bitcoin with some additional features. Oddly enough, WBTC was built on top of the Ethereum (ETH) framework, which means it’s an ERC-20 token. It was developed by three cryptocurrency lending platforms: BitGo, Kyber and Ren. Under their influence, WBTC was ready to go live in 2019. This cryptocurrency is used in peer-to-peer transactions and for the benefit of other smart contracts. Thanks to the network upgrades that WBTC has over the years, it also enjoys lower transaction costs than BTC. There are also many storage options with WBTC, meaning it’s an essential resource for institutions. Moreover. This project plays a vital role in managing liquidity through the blockchain. Interestingly, WBTC is backed one-to-one with BTC, meaning its price remains relatively stable.

Basic information about Litecoin

The best cryptocurrencies are those that focus solely on utility, and that is precisely what Litecoin (LTC) is all about. It is a digital token that allows other networks to perform fast transactions and on-chain stability. LTC was developed from the ground up by a guy named Charlie Lee. He was working on this protocol as a former software engineer at Google. Charlie was also one of the few spokespeople who believed strongly in the success of cryptocurrencies and even mined a few coins back in the day.

LTC was launched as a better option than the original BTC. Its goal is to provide fast transactions and minimize network fees. Recently, its price has exploded as the protocol has some exciting updates and developments. It also uses Proof of Work (PoW) consensus and its supply is locked at around 66 million tokens. LTC recorded its highest price at $412.

Basic information about the Dogeliens token

Ending the list with a new cryptocurrency, you have the Dogeliens Token (DOGET). It’s not your ordinary crypto project because it relies on the support of its community. Like WBTC, DOGET is an ERC-20 coin, but does not support the ETH protocol. Instead, it depends on the Binance Smart Chain for the benefit of the end user. Likewise, DOGET is decentralized and quite scalable.

Its development team has allocated substantial resources to make it fit to enter the NFT market. This means you could see DOGET’s unique NFTs hit the exchange soon. This will most likely help DOGET’s price action in the long run. DOGET also announced that it will soon hit the GameFi market. So, you can earn rewards just by playing your favorite games. There are over 25 billion DOGET tokens, of which a huge amount will be available for token sale. If burning protocols continue, DOGET’s price action will see substantial growth.

Dogeliens Token (DOGET), being a new crypto project, is here to stay, and this is relevant to their sheer focus on future updates. It may not be able to top WBTC or LTC, for that matter, but it could still prove its worth to the rest of the industry. You can get a 10% bonus on every DOGET purchase in Token Sale. By spending $250, you get 3% extra rewards!

To learn more about Dogeliens Token (DOGET), you can visit the following links:




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