There are many memecoins to have emerged since the last crypto bull run – all trying to capitalize on the success of Dogecoin and Shiba Inu. However, not most of them have been able to get any traction in the market or create a buzz on social media. One such meme token is DumbleDAO (DUMBLE). It is an altcoin that gained some recognition when it landed due to its ability to merge memecoins with NFTs.
Historically, memecoins have yielded high profits for early movers. In this guide, we speculate on a potential DumbleDAO price prediction, where the price of this token may go in 2023, its growth drivers, and whether it is a good investment this year.
DumbleDAO Pricing History
Before diving into the predictions about this cryptocurrency, where did DumbleDAO – and DUMBLE token – get started? The project was launched in January 2022 without much fanfare. That said, the team have been fairly active on social media. It was able to gather enough push during the early days to pump up to $0.1.
Then the entire crypto market entered the bear market – leading to a drop in the price of even the best altcoins – DumbleDAO included. And at the time of writing, this cryptocurrency is trading at $0.004.
The reason that this asset was able to do as well as it did during its initial days is because of the following reasons:
- Doge aesthetics: As we mentioned earlier, DumbleDAO is another dog crypto that uses the Doge aesthetics to gain initial steam from the market
- Harry Potter Franchise: The token was inspired by another wildly popular franchise – Harry Potter. The name DumbleDAO takes inspiration from Dumbledore, head of Hogwarts, the fictional school of witchcraft and wizardry.
- Passive yields of NFT: The entire motif of DumbleDAO has been to create a community-backed NFT portfolio that users can have fractional ownership off. It allows the project holders to gain access to passive gains.
- A wide array of NFT collections: DumbleDAO has many NFT collections. The biggest among them is the Magical Mutts and the OG DumbleDoges.
The initial traction that this cryptocurrency received during the initial days was dissolved during the crypto winter. However, other projects, like Wall Street Memes, have emerged as better crypto alternatives during this time. It is a good choice if you’re looking for a cryptocurrency focusing on utility with high returns. We shall talk further about this alternative towards the end of the article.
DumbleDAO Price Prediction 2023
DumbleDAO made some profits for its early investors before crashing. While we mentioned that the current social media traction is non-existent, the token is slowly trying to find stability. Altcoin enthusiasts looking to buy penny cryptos may be interested in this cryptocurrency.
DumbleDAO price chart – the token has been delisted from CoinMarketCap and PancakeSwap also has no details regarding it
Added to that, there are many initiatives in the roadmap of this token – even though the roadmap itself is quite bare bones. These developments indicate potential launch on many centralized crypto exchanges and DEX. If the project can get ahead on its roadmap and does get listed on CEXes (it is currently on PancakeSwap DEX), then there is a chance that by the end of the year, the value of DUMBLE could increase by a bit.
However, mentions of the DUMBLE token have been removed from major platforms. The last tweet about this token was on April 4th (and that was a retweet). Due to the lack of social media activity around this asset, it is likely that this token has been discontinued. That said BSCscan showed that there are some transactions about this token. But we don’t know where it is going on since Pancakeswap has now delisted this token. Due to these details, it is difficult for us to make a legit DumbleDAO price prediction for this year.
DumbleDAO Price Prediction 2024
If the project builds upon its roadmap, DUMBLE coin could gain more traction next year. DumbleDAO is a community-backed, relatively new NFT project that aims to be truly transparent and provide all the power to the community members. If the performance of DUMBLE isn’t great in 2023, it is likely that the devs will get more hands-on when it comes to the development of the project.
And if they can also get this project’s marketing down, investors are likely to show interest. It will help build the project’s credibility since not being present on CoinMarketCap and Coingecko right now may make some investors apprehensive about this cryptocurrency.
After the project gets to these centralized aggregators and exchanges, it is possible the DUMBLE price will recover as more traders buy DumbleDAO. Therefore, by our conservative estimate, we imagine that the cost of this cryptocurrency will rise to $0.0049 by the end of 2024.
We are conservative about our estimates because of the rise of competitors – many NFT and cryptocurrency projects are coming next year, and all of them are already active on social media and even have the backing of VCs. That is why unless DumbleDAO does something more drastic, we don’t see Dumble’s price getting a massive increase.
DumbleDAO Price Prediction 2025
Crypto experts postulate that many developments will have happened by the end of 2025, from Ethereum’s merge upgrade to NFTs having more utilities, integrated with exciting metaverse platforms. Those developments may result in Ethereum experiencing a massive uptick in price. And like always, it will lift the value of many altcoins with it – DumbleDAO included.
Additionally, the passive income attribute of the DumbleDAO ecosystem will motivate the long-term holders. That would tip the scales on the side of demand – increasing the DumbleDAO price.
Due to these factors, the price of DumbleDAO will likely increase to $0.008 by the end of 2025. That said, if the developers make further headways into the project and integrate with metaverse in some form, our DumbleDAO price prediction 2030 estimates say that the price can go even higher.
Potential Highs and Lows of DumbleDAO
Below is the overview of our estimates of potential highs and lows that DumbleDAO price will reach throughout the next few years. If you’re a long-term holder, knowing these details will help you.
|Year||Potential High||Potential Low|
What is the use of the DumbleDAO coin?
Memecoins no longer are cryptocurrencies that can ride the wave of marketing novelty and get traction. They need the right use cases. In the case of DumbleDAO, the following are its uses.
Becoming a DAO member
DumbleDAO, at its core, is a decentralized autonomous organization that focuses on creating an NFT portfolio consisting of projects that can provide high yields to the members. And when there is a DAO, there is governance. Thus, the primary use of the Dumble coin is as a governance token.
Members of the community can use the tokens to vote on the future of the community, the price of the tokens, and new NFT projects. Furthermore, it is through voting that DumbleDAO decides which NFTs to purchase and which ones to sell for the treasury.
Fractional Ownership of the NFTs
The NFT projects have always been expensive – alienating many who want to engage with the market. DumbleDAO bypasses this issue through fractional ownership. Members of the DumbleDAO can own a portion of the NFTs. Fractional ownership allows the holders to earn fractional but regular gains depending on market conditions. While the concept of fractional ownership of NFT is definitely not novel, it will be curious to see how far the value of OG DumbleDoges and Magical Mutts rise.
The official website says that the pooled resources from the community can help increase the yields. While no explanation has been given about the details of “pooled” resources, we can estimate that it means the community jointly owns an NFT and marketing it to increase its floor price. In that case, the marketing efforts can pour more value into the NFTs and, as a result, the DumbleDAO.
According to the website, the liquidity is locked for four years to ensure that there are no rug pulls regarding this project. The four-year locking period also provides that the stakers can make high percentage gains after the tokens become available to withdraw. The project’s tokenomics say that there are 7,777,777 total tokens available and the market capitalization during the launch was $115,000.
An advantage to early movers
Since the social media buzz about this cryptocurrency is relatively low while the ambitions of these projects are high, it may be the right time for early movers to choose DumbleDAO. Being an early mover will give you access to high percentage gains after the project lands on major cryptocurrency exchanges. The official website hints that the token will appear on Coinbase soon. If that’s true, you can expect Coinbase pumping effect to take hold and increase the price of DumbleDAO token.
However, these advantages would only surface if the project gets traction in the market. And that would require the developers to upscale their marketing efforts and provide more non-vague details. Because as of now, the information available about this memecoin is limited, and we can’t see use cases beyond NFTs.
What Are the Growth Drivers for DumbleDAO?
DumbleDAO has the following growth drivers:
Firstly, DumbleDAO is banking upon the doge aesthetics to add more flare to its NFTs. It achieved significant growth shortly after its initial release in 2022 because of this factor. And because it combined with the harry potter phenomenon, fictional story lovers started to give this project attention. If both these factors sustain, this token might momentarily see high percentage gains.
Fractional Ownership of NFTs
Another factor that will likely drive the growth of this project is fractional NFTs. Many of the best NFTs have taken this route to become more accessible and inclusive. If the floor price of these NFTs increase, the fractional owners will gain benefit. It will then help bolster the project further.
Being Listed on CEX and Aggregators
DumbleDAO is not present on CEX, and no information about this cryptocurrency can be found on major aggregators such as CoinMarketCap and CoinGecko. If the project lands on those platforms in the future, it will be visible to a larger crowd. It will add legitimacy to the project and will, in turn, help it gain more followers.
Is DumbleDAO the Best Crypto to Buy in 2023?
Let us now round off this guide by answering this most important question- is DumbleDAO the best cryptocurrency to invest in this year?
While the project has strong fundamentals within the NFT niche, it doesn’t have much traction in the market. And considering that only limited info is available about this cryptocurrency, you’re better off investing in a memecoin that is:
- Has all the information readily available
- Getting large social media traction
Here is one alternative that is a legitimate asset and has upsides that far surpass Dumble DAO
Wall Street Memes
Wall Street Memes is a memecoin project that states that it aims to turn the memecoin ecosystem into a wealth generation mechanic for the community. This project puts memes at the forefront of its image. And instead of using a single meme – an aspect that grew common in the first half of 2023 with PEPE and other tokens – Wall Street Memes uses all memes to engage the entire memecoin community.
That bullish perspective about memecoin has allowed Wall Street Memes to gain a massive following. It has over 1 million followers across multiple social media platforms. And its native token, WSM, is described as a unique expression of the community’s victory against rampant capitalism.
While Wall Street Memes doesn’t have a standard use case, it does have a strong community backing it up. And part of that community engagement also includes having Elon Musk engage with it, which he has done in the past.
Due to the sheer virality that WSM represents, Wall Street Memes has the potential to become a large player in the crypto space. The current presale of WSM has raised close to $7 million in a relatively short time.
Some investors consider DumbleDAO a promising project with many possibilities. However, it has not yet been listed on any CEX or aggregator websites – leading to there being little information or data to make DUMBLE price predictions.
For an early mover advantage, investors are often better off picking up a cryptocurrency with huge upsides – either at presale or ICO. Wall Street Memes is one of the most talked about crypto presales of this year, sporting a highly unique and innovative product as its main offering. Do your research and invest in this project if you think that it could indeed become a top gainer in the coming weeks and months.
Wall Street Memes (WSM) - Newest Meme Coin
- Community of 1 Million Followers
- Experienced NFT Project Founders
- Listed On OKX
- Staking Rewards