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Explosive growth of DOGE and other meme coins spurs the introduction of the new Nollars Network to allow faster trading and arbitrage opportunities.
Earlier this week, President-elect Donald Trump announced that tech billionaire Elon Musk will be heading the newly-started Department of Government Efficiency along with American entrepreneur Vivek Ramaswamy.
Ever since the Tesla CEO announced details of the new department, whose acronym happens to spell the same as the meme coin DOGE, crypto investors have been more than a little excited.
Will Dogecoin reach $1 before or after 2025?
Several analysts and experts now embrace the idea that Dogecoin could even get to $1.00 in the near future. Standing tall at $0.3668, DOGE now has a market cap of $54.17b and is heading straight toward $60b.
At the time of writing, DOGE’s price 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 DOGE’s time to shine has come. While most experts argue that Dogecoin could easily surpass its all-time high, there are others who are adamant that it could fall back to its lows in a few weeks.
Dogecoin trading faster on 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 set for launch in May 2025, is attracting attention with its native currency, NOLA, seeing a surge in presales. Priced at $0.50 each, this new coin is even being touted as a “Solana Killer” as the transaction times could be faster on Nollars Network than on Solana.
Whether this claim proves true remains to be seen, but the presale has managed to draw considerable interest with a massive flow in ETH funds into the project. The Nollars.com website reports token sales spiking from fewer than 700 to over 5,500 in just 48 hours. This is no small feat, particularly 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 that will allow traders faster meme coin trading and arbitrage opportunities.
Boosting 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 biggest trades could be done through the Nollars Network and NOLA token.
Evidently, the Nollars team appears to be thrilled about the developments around DOGE. The project’s lead developer had this to say about DOGE on X (Twitter): “If Dogecoin (DOGE) grows, so does Nollars Network. God Bless America.”
Nollars is not the only up-and-coming project on people’s radars. Several more have gained traction in the crypto space in the past few weeks. 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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