Is this Dogecoin and Shiba Inu-Killer a Buy?

Bezoge Earth ($BEZOGE) is the new fast-growing meme coin. According to CoinGecko, the Bezoge price has jumped by more than 382% in the past 7 days alone. It has risen by more than 28% in the past 24 hours, bringing its total market capitalization to more than $665 million. This makes it the 166th biggest cryptocurrency in the world.

What is Bezoge Earth?

Meme coins have been relatively hot in the past few months. Indeed, meme coins like Dogecoin, Shiba Inu, Dogelon Mars, and Floki Inu have attained a market capitalization worth more than $1 billion. For example, Shiba Inu and Dogecoin have a combined market cap of more than $53 billion. 

This trend has inspired more people to build their own meme coins. Indeed, a closer look at CoinGecko shows that there are now tens of these dog-inspired coins.

Bezoge Earth is an Ethereum-built cryptocurrency that is at the intersection of meme coins, non-fungible-tokens, and metaverse. According to its white paper, Bezoge was created by a team of three who goes by the name Jeff, Rob, and Doglord. The three decided to create a meme coin that will have intrinsic value. 

This intrinsic value will come from the Bezoge Earth Game. This is a game inspired by Minecraft in which players will be packed with multiple missions. These missions will have a goal to rebuild earth and save DOGE from the moon. In this virtual ecosystem, players will be using the BEZOGE coin to shop NFTs created by the community.

1

Minimum Deposit

$50

Exclusive Promotion

More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities

Buy crypto, or trade cryptocurrencies via CFDs

CopyPortfolios: Innovative, fully managed investment strategies

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

At the same time, the developers will create a memazon, a marketplace where people will go to shop real merchandise. The marketplace will only accept cryptocurrencies. A quick look at Memazon’s website shows that it has a coming soon page.

Is Bezoge Earth a good investment?

Bezoge Earth, which was launched in May this year has silently become one of the biggest meme coin in the world. Its price is currently at $0.000000014, which is about 2,100% above where it was a month ago. This makes it one of the best performing coins in the world.

Fundamentally, there is a lot that we don’t know about Bezoge. For example, we are not sure whether people will want to play its games, buy its NFTs, and even shop in its website.

In theory, this would make it a good cryptocurrency to short. However, in reality, we are in uncharted territories, where retail investors will buy whatever is in fashion. As such, there is a likelihood that it will keep rising in the long term.