Dogecoin (DOGE) May Be a Good Option, but FreeWoly (FWoly) and Decentraland (MANA) Could Explode Soon
Dogecoin (DOGE), FreeWoly (FWoly) and Decentraland (MANA):
Dogecoin (DOGE) has continued to maintain its position as a top cryptocurrency. Its success in the crypto space can be attributed to certain big game players who contribute to its prices, including influencers and pop figures like Elon Musk, Snoop Dogg, and Gene Simmons, together with the Dogecoin community.
If you had bought Dogecoin (DOGE) 7 years ago, you would have an ROI worth more than 76,274% today. Dogecoin (DOGE) may not power any utility, but it still has the support of the crypto community as the leading meme coin in its niche.
Here are the other two cryptocurrencies that could explode soon just as Dogecoin (DOGE) did a few years back when it crossed an all-time high market capitalization of 70 billion USD. We have here, Decentraland (MANA) and FreeWoly (FWoly) — a newcomer and utility meme coin.
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Is Dogecoin (DOGE) still worth investing in?
Many critics still believe investing in meme coins comes with some risk levels because of its lack of use cases. This has contributed to some of the reasons why meme coins are increasingly getting some backing for their tokens.
Dogecoin (DOGE) has, however, differed from backing a use case, at least up to the time of this documentation. Also, its developers have left the project to focus on other things. Yet, $DOGE is breaking price points because of the traction it has accumulated in the crypto market.
But is $DOGE worth investing in at this critical market time? Your guess will be the same as ours, as no one can conclude which cryptocurrencies are the best; rather than by carrying out due diligence. With the market dip $DOGE is facing, now could be a great time to buy this meme coin.
Why should you buy Decentraland (MANA)?
At the time of writing, Decentraland (MANA) was trading below 1 USD, more than 83% below its all-time high of nearly 6 USD. What this indicates is that you could earn diamond hands by buying $MANA at its low price points as a long-term hodler.
Decentraland is a popular metaverse project that has gained massive adoption in the GameFi space. Its native cryptocurrency, $MANA serves as a utility token for buying assets used in the game.
While the crypto market is down at the time of documentation, Decentraland (MANA) is set to explode with favorable crypto market seasons. Buying now could enrich your portfolio in the long term.
What to know about newcomer—FreeWoly (FWoly)
FreeWoly is a DeFi game that combines the features of Farmville and Pokemon Go — two popular online games that use artificial intelligence, augmented reality, and virtual reality to power their algorithms and user experience.
FreeWoly will run its ecosystem with the $FWoly Token or $FWoly. This token will be used to incentivize the game and entirely run its economy. You can join FreeWoly Ecosystem by buying its native token, $FWoly, or later on by minting and trading NFTs on its marketplace.
To entice new converts, FreeWoly will run a presale with its pre-mined $FWoly tokens. The presale also comes with mouth-watering incentives that could give you 100% cashback on your purchases.
For instance, buying a fiat equivalent of up to 1000 USD worth of FWoly tokens could give you a cashback bonus between 20% to 70%. You can stack up additional bonuses worth more than 50% as you buy more and refer your friends to also buy.