The memecoin market is growing by the day. You can love them or hate them; one thing is sure: these tokens have provided huge returns for investors. With the market cap reaching $75 million, every new coin has huge potential. Dogecoin (DOGE), for example, made its mark in the crypto market, especially during its peak period in mid-2021, with early investors seeing huge returns.
With the hype around DOGE no longer as prominent, given its lack of clear use cases and its price volatility, ChowWow ($CHOW) is a novel memecoin that presents an opportunity for massive returns.
ChowWow is built on the Solana blockchain, and it is not just driven by hype. It packs real utility with play-to-earn and stake-to-earn rewards. Its presale price sits at just $0.0080 per token, and savvy investors have marked it as an alternative for those who may have missed Dogecoin.
This article explains how ChowWow opens a new door for big investment returns.
Dogecoin (DOGE): The Meme-Driven Cryptocurrency
Dogecoin grabbed the crypto community’s attention with its quirky relation to the already famous internet meme of a Shiba Inu dog. Following initial hype, Elon Musk’s social endorsement and frequent tweets from Elon Musk, DOGE price saw a dramatic rise, especially in 2021, when it reached its all-time high of $0.7316 on May 08.
Dogecoin has, however, faced criticism for its limited utility despite its immense popularity and strong community bonds over the years.
This past week, DOGE whale activity remained flat, with no significant buying or selling pressure. This could be because whales are silently accumulating before making a more significant move that would drive DOGE up if a buying spree ensues. On the other hand, the flat activity might indicate that these holders are just maintaining their positions or slowly exiting, possibly anticipating a continued decline.
ChowWow ($CHOW): A Utility Meme Coin with a Vision for the Future
ChowWow is a utility meme coin committed to providing practical use cases and built with its community in mind. It transcends its meme status by incorporating features like Web3 gaming infrastructure, airdrops, and staking features to encourage loyalty and expand the community. ChowWow is developed on Solana’s lightning-fast blockchain and has cheaper transaction fees than Ethereum-based memecoins.Â
$CHOW currently sells at a per-token price of $0.0080 for the presale tokens, and early buyers are gearing up for its post-listing rally. As a deflationary token, this ChowWow project plans to burn and buy back tokens to reduce its supply over time and support its price increase. This is why crypto enthusiasts searching for the best cryptocurrency to buy can scoop up the tokens before the price skyrockets.
The most talked-about features of ChowWow are its play-to-earn gaming and stake-to-earn rewarding scheme, which distinguish the project from conventional meme coins based on internet hype. For its budding gaming kingdom, $CHOW is the primary token players can use, and the project follows a sustainable approach to keeping the token in demand. Interestingly, a percentage of the tokens earned from in-game sales goes to the rewards pool to be distributed among game players.
Conclusion
Dogecoin has had its moment in the meme crypto space, but ChowWow has opened a new door for big returns with actual utility. The projects’ tokenomics allocate 70% of their supply to presale tokens, staking, and gaming rewards. Now is the right time for interested investors to capitalize on ChowWow at a discount before its price increases.
