The meme coin market, valued at over $75 billion in market capitalization, began with the creation of Dogecoin (DOGE) in 2013. However, the meme coin came to the limelight in the 2021 bull season, rising by over 12000% which was triggered mainly by a series of DOGE tweets by Elon Musk. As such, early investors of the token recorded exponential ROIs, raising millionaires in the process.
While Dogecoin may have gone past the bullish surge of its early days, ChowWow (CHOW) is another meme coin project that is following the path of Dogecoin’s exponential rise. As the ChowWow presale gains momentum, this article comprehensively reviews its utility offerings and growth potential.
Dogecoin Price Prediction – Analysts Project a Rise to $1
As the pioneer of the meme coin ecosystem, Dogecoin has maintained its status as the most valuable meme coin by market capitalization. It is one of the top 10 crypto assets on the blockchain. According to stats from CoinMarketCap, since the launch of the Dogecoin token in December 2013, it has gained over 45,000% in valuation.
Similarly, the year-to-date price growth of Dogecoin shows over 200% growth as it gains more real-world adoption. For instance, Tesla has integrated Dogecoin as a recognized means of payment in their payment system. Also, Twitch, a popular live-streaming platform, accepts Dogecoin as a payment method. These key highlights are some of the reasons why Dogecoin remains among the top crypto coins in the market.
Meanwhile, Dogecoin’s price has struggled to break into the $1 mark since its launch. The token’s all-time high price stands at $0.73 reached in May 2021. Dogecoin’s infinite token supply and non-deflationary model may contribute to why it has remained below $1 despite being the first meme coin to launch on the blockchain.
However, with the rising Dogecoin trading volume, the meme coin price might retest the $0.48 December high. A breakthrough above that might push the DOGE price to $1. Crypto analyst Olivier in a tweet on X thinks if Dogecoin flips the current $0.29 resistance, it will surge to $1.
ChowWow (CHOW) on Course to Replicate Dogecoin’s Market Success
ChowWow (CHOW) is set to become the next big meme coin gem in the industry as it starts its presale on a surging trajectory. With a projected 260% growth for ChowWow in its presale, thousands of investors have already joined as they position themselves for the potential growth of the project. That’s because, unlike most meme coins in the industry, ChowWow harbors real-world utilities and community engagement.
For context, ChowWow is a meme coin project inspired by the Chinese Chow Chow dog. As such, the ChowWow project harbors a positive perception of the Chow dog, which includes prosperity and good fortune. With ChowWow’s unique ecosystem which is designed to ensure financial freedom for the masses, users will make fortunes from the project.
ChowWow use cases such as the play-to-earn feature promise to reward members with in-game items that can be converted to real-world value. Also, with the stake-to-earn protocol, investors can stake their $CHOW tokens for a passive income of up to 15% in APY yields. The robust ChowWow community offers consistently engaging programs such as social media competitions with rewards, community interaction, and more.
Notably, ChowWow’s deflationary model ensures that a percentage of the $CHOW supply is burned, thereby increasing scarcity and value growth over time. Given that 50% of the entire 888 million tokens in circulation will be sold in presale, now is the right time to buy the ChowWow presale at $0.008 and position for exponential ROIs.
Investment Alternative Between Dogecoin and ChowWow
While Dogecoin has significant future growth potential, the ChowWow project harbors a better percentage growth trajectory for investors. Apart from ChowWow’s low price entry advantage, the project is yet to ride the bullish wave that comes with a new token launch. Also, ChowWow’s ecosystem offers more utility than Dogecoin, a factor that could propel the Chow token into the top 200 crypto assets in 2025.
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