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The explosive growth of DOGE and other meme coins is spurring the introduction of the new Nollars network to enable faster trading and arbitrage opportunities.
Earlier this week, President-elect Donald Trump announced that the tech billionaire Elon Musk will lead the new Ministry of Government Effectiveness alongside American entrepreneur Vivek Ramaswamy.
Since the CEO of Tesla announced the details of the new departmentwhose acronym is written in the same way as the coin itself DOGEcrypto investors have been more than a little excited.
Will Dogecoin reach $1 before or after 2025?
Several analysts and experts are now buying into the idea that Dogecoin could even reach $1.00 in the near future. Rising to $0.3668, DOGE now has a market cap of $54.17 billion and is heading straight towards $60 billion.
At the time of writing, the price of DOGE has fallen by 8.7% in the past 24 hours, but the overall impact of Trump’s announcement on the coin is undeniable.
However, not everyone agrees that now is DOGE’s time to shine. While most experts say Dogecoin could easily surpass its all-time high, others are adamant that it could fall back to its all-time low in a few weeks.
Dogecoin trades faster on the Nollars network
Regardless, the excitement around DOGE and the crypto-friendly Trump administration has investors turning their attention to new projects like the “Nollars Network.”
Nollars, a new layer 2 blockchain scheduled to launch in May 2025, attracts attention with its native currency, NOLA, seeing an increase in pre-sales. Priced at $0.50 apiece, this new coin is even being touted as a “Solana Killer,” as transaction times could be faster on Nollars Network than on Solana.
Whether this claim will prove true remains to be seen, but the presale managed to generate considerable interest thanks to a massive influx of ETH funds into the project. THE Website Nollars.com reports that token sales increased from less than 700 to more than 5,500 in just 48 hours. This is no small feat, especially for an emerging project.
Experts believe that this interest in the Nollars network could be due to the upcoming release of its layer 2 blockchain which will allow traders to conduct coin swaps and arbitrage opportunities more quickly.
Increase ROI Potential of Token Presale
Perhaps it is this utility that makes the Nollars token a valuable tool in the future of meme coin trading, including popular coins like DOGE. Simply put, if Dogecoin climbs, many of the largest transactions could be made through the Nollars network and the NOLA token.
Clearly, the Nollars team seems excited about the developments around DOGE. The lead developer of the project had this to say about DOGE on X (Twitter): “If Dogecoin (DOGE) grows, so does Nollars Network. God bless America.
Nollars isn’t the only promising project on people’s radars. Several others have gained traction in the crypto space in recent weeks. And we can expect Trump’s presidency to spark even more projects and opportunities in the crypto world in the years to come.
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