{"id":661211,"date":"2024-12-12T05:14:45","date_gmt":"2024-12-12T05:14:45","guid":{"rendered":"https:\/\/wncen.com\/?p=661211"},"modified":"2024-12-12T05:14:45","modified_gmt":"2024-12-12T05:14:45","slug":"doge%c2%b2-is-a-meme-coin-planning-to-renew-dogecoin-with-utility-next-100x-meme-coin","status":"publish","type":"post","link":"https:\/\/wncen.com\/sponsored\/doge%c2%b2-is-a-meme-coin-planning-to-renew-dogecoin-with-utility-next-100x-meme-coin\/","title":{"rendered":"Doge\u00b2 Is a Meme Coin Planning to Renew Dogecoin with Utility – Next 100x Meme Coin?"},"content":{"rendered":"

Doge\u00b2<\/span><\/a> is a meme coin gaining prominence on social media thanks to its unique approach to reinvigorating Dogecoin. Adopting a utility-centric route, the meme coin leverages the Ethereum Layer 2 solution and aims to create an L2 for the Dogecoin network as well. This plan aims to make Dogecoin more appealing for those looking to get more out of DOGE.<\/span><\/p>\n

What will these elements do for Dogecoin? Can they help DOGE\u00b2 become the next 100x meme coin? Let us find out in this comprehensive review.<\/span><\/p>\n

Charging DOGE with Layer 2 Solution<\/b><\/h2>\n

While there haven’t been many factors to push the DOGE value up other than broader market dynamics, the meme coin is now closer to reclaiming its all-time high than ever before. Be it Mark Cuban’s ownership of the token or Elon Musk’s enthusiasm, the token has not always been focused on utility.<\/span><\/p>\n

However, the world is changing, and social perks and payment options can only take the project so far. Dogecoin, with its meme-based nature and large community of investors (some of them being institutional investors like Tyr Capital and Optimista), has always lacked utility. It is a shame because the token’s nature and social attributes could allow it to become so much more.<\/span><\/p>\n

\"Charging<\/p>\n

That’s what Doge<\/span>2 <\/span>is trying to do – make it more than it is today. Designed as a Layer 2 solution on the Ethereum blockchain, DOGE\u00b2 aims to reduce the transactional burden on the original Dogecoin network. With another layer added to share the load, DOGE\u00b2 envisions that the OG DOGE network could become faster and charge lower transaction fees.<\/span><\/p>\n

This could enhance the meme coin’s flexibility, allowing more innovations to happen. “Think of the games that could be created on the network,”\u00a0 Doge<\/span>2 <\/span>devs say. “The possibilities are nearly endless.”<\/span><\/p>\n

The way this new meme coin project aims to accomplish this is straightforward. It will start by launching DOGE\u00b2 as a Layer 2 solution on Ethereum, leveraging rollup and zk-rollup to bundle transactions to achieve transactional efficiency. Then,\u00a0 Doge<\/span>2 <\/span>plans to move to the Dogecoin network, adding a Layer 2 and making it more efficient.<\/span><\/p>\n

The developers say that this approach will provide the original Dogecoin network with multiple benefits:<\/span><\/p>\n