Apart from serving the purpose of creation effectively, every cryptocurrency project aims to attain market success. Market success is measured in various parameters, and most people base it on comparison with existing top coins in the same niche in the coin market. The thoughts of Pugglit Inu (PUGT) toppling Dogecoin (DOGE) in prominence, adoption level, market cap, watchlist inclusion, etc., looks bizarre in the current coin market.
However, analysts have predicted that after Pugglit Inu’s (PUGT) first 2-3 years in the market, it may become a top meme coin. Pugglit Inu (PUGT) utility and its use case in decentralized finance (DeFi) — a booming sector of the cryptocurrency market, are part of the reason for this submission. Pugglit (PUGT) aims to change meme projects’ description of being ‘internet joke-based cryptocurrencies’ with no use cases.
With this in mind, review both meme cryptocurrencies below, and examine the chances for Pugglit Inu (PUGT) to become as prominent/successful as Dogecoin in the cryptocurrency market.
Dogecoin – Can You Teach An Old Dog New Tricks?
Dogecoin (DOGE) boasts beyond being the topmost meme coin. It’s a top cryptocurrency in general, ranking #10 on Coinmarketcap with a market capitalization of about $9 billion. About 1.6 million individuals are currently watching Dogecoin (DOGE) movement in the market, waiting for strong indications of a price surge before adding it to their portfolios.
DogeCoin (DOGE) has experienced unprecedented price increase that has turned early adopters into millionaires. This scenario, alongside that of its closest competitor Shiba Inu (SHIB), is why most investors believe having at least one meme in your portfolio is a necessity. Those that missed out on Dogecoin’s and Shiba Inu’s huge price surge regret it to date.
While there are no real use cases attached to the meme coin, it has become a model for most of the subsequent meme projects after it, including Shiba Inu, which called itself the “DOGE KILLER.” Most credit for Doge’s success always goes to Tesla CEO — Elon Musk.
Dogecoin (DOGE) adoption increased when Elon tweeted about his love for the project and how he’d be buying some. This also caused the coin to rise in price and eventually make a huge rally that saw people take their biggest profit ever in the coin market.
Reddit crypto forum and other communities adopt the open-source cryptocurrency as a tipping reward for any satisfactory endeavor within the community.
Pugglit Inu – There’s New Puppy In Town
Pugglit Inu (PUGT) has all it takes and more to topple Dogecoin (DOGE) as the topmost meme coin in the crypto market. The meme project will leverage uniqueness, utility, community building, incentives, and efficient marketing strategies to achieve this. However, potential adopters and developers shouldn’t expect this early.
Pugglit Inu (PUGT) aims to solve common crypto-related problems like high transaction cost, reduced accessibility, security, and lack of flexibility. Pugglit Inu will be a novel project with streamlined mechanisms to mitigate these problems. This will increase its adoption potential and make it more accessible and beneficial to users.
Pugglit Inu will also leverage utilities that DogeCoin (DOGE) can’t boast of, to get one over the giant meme coin in the coming years. Pugglit Inu utility will include a multichain decentralized exchange (DEX) where Pugglit Inu token holders can exchange their holdings with another token without censorship. The DEX is known as the ‘Pugglit Swap.’
Pugglit Inu will also have a secure wallet to store the tokens you earn. It comes with a user-friendly interface and strong cryptographic security. The interface allows users to make transactions, rewards, token balance, etc. The platform wallet will be referred to as Pugglit Basket.
Pugglit will also have a customer representative team in a scheme termed Pugglit ‘n’ You to ensure users get swift help when faced with any challenges using the Pugglit platform. The platform will also have a DAO to ensure democratized governance of the ecosystem and give users the right to participate in decision-making.
Pugglit Inu (PUGT) is set to be available on presale soon. Potential adopters can take advantage of its low price to gain profitable returns in the long run, especially when it successfully topples Dogecoin (DOGE).
An advantage of buying at presale is the bonuses that come with it. You get a 10% bonus when you purchase during the first presale phase. You can also gain up to 64% bonus if you buy $1000 worth of Pugglit Inu. Be on the lookout for the next big thing in the meme space.
Find more information here.