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Cryptocurrency News Articles
Nollars Network Spurs Meme Coin Trading as DOGE Explodes, Will It Reach $1 Before or After 2025?
Nov 16, 2024 at 05:16 pm
Explosive growth of DOGE and other meme coins spurs the introduction of the new Nollars Network to allow faster trading and arbitrage opportunities.
This article does not provide any financial advice. The materials on this page are provided for educational purposes only.
The rapid growth of DOGE and other meme coins has led to the introduction of the Nollars Network, which aims to facilitate faster trading and arbitrage opportunities.
Earlier this week, President-elect Donald Trump announced the appointment of tech billionaire Elon Musk to head the newly-created Department of Government Efficiency, alongside American entrepreneur Vivek Ramaswamy.
Following the Tesla CEO’s announcement of the new department, which is notably abbreviated as DOGE, crypto investors have been buzzing with excitement.
Will Dogecoin reach $1 before or after 2025? Several analysts and experts now believe that Dogecoin could even reach the $1.00 mark soon. Currently trading at $0.3668, DOGE boasts a market capitalization of $54.17b and is closing in on $60b.
At the time of writing, DOGE’s price has dropped by 8.7% over the last 24 hours, but the overall impact of Trump’s announcement on the coin is evident.
However, opinions differ on whether DOGE is set to continue shining brightly. While most experts suggest that Dogecoin could easily surpass its all-time high once again, others believe that it might return to its lows in a matter of weeks.
Dogecoin trades faster on Nollars Network With the excitement around DOGE and the crypto-friendly Trump administration, investors are shifting their focus toward new projects like the “Nollars Network.”
A new layer-2 blockchain scheduled to launch in May 2025, Nollars is gaining attention as its native currency, NOLA, has seen a surge in presales. Available at $0.50 each, this new coin is even being called a “Solana Killer” as transaction times could be faster on the Nollars Network than on Solana.
Whether this claim holds true remains to be seen, but the presale has attracted massive interest, with a large influx of ETH funds into the project. According to the Nollars.com website, token sales have skyrocketed from less than 700 to over 5,500 in just 48 hours. This marks a significant achievement, especially for an up-and-coming project.
Experts believe that this interest in the Nollars Network could be attributed to its upcoming layer-2 blockchain, which will enable traders to trade meme coins faster and engage in arbitrage.
Boosting ROI potential of token presale It is possible that this utility will make the Nollars token a valuable tool in the future of meme coin trading, including popular coins like DOGE. In simple terms, if Dogecoin surges, many of the largest trades could be executed through the Nollars Network and NOLA token.
Interestingly, the Nollars team seems quite enthusiastic about the developments surrounding DOGE. The project’s lead developer shared his thoughts on DOGE X (Twitter): “If Dogecoin (DOGE) grows, so does Nollars Network. God Bless America.”
Besides Nollars, several other up-and-coming projects are also gaining attention. And we can expect that Trump’s presidency could spark even more projects and opportunities in the crypto world in the coming years.
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