ChowWow ($CHOW): A New Crypto Gem With Play-to-Earn Features Amid Degens Waiting for Dogecoin to Reach $1

Many investors who indulge in high-risk and high-reward trading or investing, frequently nicknamed Degens, are waiting for the Dogecoin (DOGE) price to reach $1.

Many investors who indulge in high-risk and high-reward trading or investing, frequently nicknamed Degens, are waiting for the Dogecoin (DOGE) price to reach $1. Dogecoin was created as a fun and rather unpretentious project, but it soon became one of the most popular cryptos. It has garnered a lot of appreciation over the years, and famous personalities like Elon Musk have helped. But, Dogecoin has yet to rise above $1.

However, the potential rise of DOGE has not stopped investors from investing in other crypto gems like ChowWow ($CHOW) and Cardano (ADA), which may be more lucrative. The two of these coins are special and possess some characteristics that could make them valuable for investment. ChowWow is unique in that it combines a play-to-earn type of gaming system with massive rewards.

So, let’s take a closer look at ChowWow and Cardano amid degens waiting for Dogecoin to reach $1.

Dogecoin (DOGE): Witnessing Low Whale Activity

Dogecoin has remained relatively stable recently, as has been the case with cryptocurrency in the early months of the year. However, efforts to level up last week, following the floored prices from a flash crash that saw it sinking to $0.20 early this month, have been dampened. Surprisingly, there are no significant changes in some important on-chain activities, including daily active addresses and transactions.

Historical data derived from on-chain analysis points to bearish signals with low activity among whales. Well-known analyst, Ali Martinez also noted that there is very little trading activity among whales as none of them have been accumulating or selling DOGE over the past few days. The crypto analyst, Trader Tardigrade, gave his view on the matter and described this stage as the ‘Boring Phase’ on Twitter. Earlier, the pundit also made a bullish forecast, which said that Dogecoin may reach $1.50 per coin.

Cardano (ADA): Wallet Number Increases

Recent statistics prove that Cardano has hit a new milestone as the total number of wallets on the network increases. The number of wallets that have been generated on the Cardano network has now crossed the 5.2 million mark. Data from Cardano Blockchain Insights, which collects information from various blockchain explorers, reached 5,201,576 as of February 20.

TapTools previously brought attention to the growth after the asset saw a large number of new users flock to Cardano upon Grayscale’s filing for an ADA ETF. TapTools first reported on this achievement after the asset recently closed with a wallet number of 5,200,230, and the increase testified to the popularity of Cardano.

ChowWow ($CHOW): A Popular Platform With Low Transaction Costs

ChowWow is a new trending altcoin that combines play-to-earn and stake-to-earn features. It is built on the Solana blockchain, which is known for its speed and low transaction costs. Compared to traditional meme-based coins on the Ethereum platform, ChowWow is expected to be faster and more efficient.

Designed with the community in mind, ChowWow will include various features to foster community growth, such as airdrops and games. Moreover, social gaming has become increasingly popular over the years, with over 40% of millennials engaging in games that involve competition or cooperation with other players.

ChowWow aims to provide a unique social gaming experience in the ChowWow Kingdom, while also ensuring easy access to the platform for all. While the kingdom of ChowWow gaming is open to any gamer, only $CHOW token holders will be able to benefit from the play to earn rewards.

In the ChowWow gaming realm, the $CHOW cryptocurrency is used as the primary currency for purchasing various items, such as boosts for avatar pets. A specific portion of $CHOW will be allocated to a pool that will be distributed to the players.

As one of the trending altcoins, ChowWow is expected to partner with influencers, brands, and other blockchain projects to expand its market reach.

Check out ChowWow Presale here