Two Cryptocurrencies To Compete With Solana– Tezos(XTZ) And Dogeliens(DOGET)
The cryptocurrency market is highly competitive, and projects are constantly battling for relevance. Several projects offer the same solutions and have to outdo one another to compete for liquidity. Amid that competition, emerging blockchain solutions are also aiming to sweep the existing solutions out of relevance.
Tezos(XTZ) is a fourth-generation blockchain network that could pose some competition to Solana. Solana, on its own, is one of the best-performing blockchains the cryptocurrency market has seen. However, Tezos is still some miles ahead, so if you’re betting on its competitive strength, there’s a lot of profit in that margin.
Dogeliens(DOGET), on the other hand, is a new memecoin that could do more returns than Solana did in 2021. The meme cryptocurrency is poised to offer early adopters low entry, thereby increasing their profit margin for what could be the next big memecoin.
Tezos (XTZ) is a fourth-generation blockchain network that uses complex protocols to enable various features. The platform primarily facilitates the creation of decentralized applications (DApps) and the creation of smart contracts.
Tezos is a decentralized open-source network for assets and apps. Tezos’ community now includes researchers, blockchain developers, validators, and numerous support groups. All of these parties are working together to expand the Tezos ecosystem.
Tezos blasted into the market. In 2018, the firm hosted a record-breaking uncapped ICO. The event was a resounding success. It secured $232 million in Bitcoin and ether in less than two weeks. The event’s success garnered international headlines. It also contributed to Tezos’s rise to prominence.
Investors were given XTZ in exchange for their Bitcoin and Ethereum. XTZ, often known as tez or tezzie, is a Tezos ecosystem utility coin. XTZ allows users to pay for services and execute smart contracts. There are now 894,270,349 XTZ in circulation. The total supply is undisclosed and is quite controversial, but the project has shown strength over the past few months with strategic collaborations with web2 brands.
Tezos is distinct in the market for several reasons. For one thing, it makes use of a Liquid proof-of-stake consensus process. The platform also has an agonistic native middleware called a Network Shell. This method enables blockchain developers to use modules when building applications.
Tezos provides consumers with functionalities that previous blockchains did not. Tezos combines its transaction and consensus technologies to accomplish this purpose. This strategy simplifies its operations. The combination, most importantly, facilitates communication between the network protocol and the blockchain protocol.
Dogeliens(DOGET) is a community-governed memecoin project looking to join the dog token family and exert some dominance on the cryptocurrency market. Dogeliens’ (DOGET) purpose is to provide people with a fun cryptocurrency that continues on the meme coin excitement of Dogecoin (DOGE) and Shiba Inu (SHIB), but with extra functionality.
Dogeliens is introducing the metaverse in the hopes of bringing new games, charitable giving ideas, and instructional content to enable users better grasp and appreciate the crypto landscape. The interesting thing about Dogeliens launching soon is users are antsy for the token that would bring NFTs, metaverse, and gaming utilities to them in the most fun way– an opportunity that DOGET takes seriously.
One thing that contributed to Shiba Inu’s success was the high demand for DeFi use cases which users got. Dogeliens presale begins soon, and it could be the smart money buy of the year.
Also, aside from DOGET selling at an incredibly low entry, early presale buyers have tons of bonus opportunities. You get around 10% for buying DOGET with ETH, and if bought at stage 1 presale, you get an additional 10% bonus. You get 45% if you buy within 15 minutes of signing up on the website. You can take advantage of this limited opportunity to stack up your bonuses, lowering your entry price and increasing your profit margin.