Crypto 101: The Complete Basics with Dogetti, Dogecoin and Shiba Inu
What Is Cryptocurrency?
In a nutshell, cryptocurrency is digital money. It doesn't require a central authority, such as a bank, and is powered entirely by blockchain technology. What is blockchain technology? Blockchains are decentralized (DeFi) digital ledgers that facilitate and record the transactions of crypto assets, such as coins, tokens, and NTFs.
This technology can replace central authority because their recordings are almost impossible to interfere with as any systematic changes are then mimicked on every computer that uses them. This would require hackers to change the figures simultaneously on every computer running it. In Bitcoin’s case, this accounts for over 3,800,000 computers!
Most cryptos are designed for a specific purpose. For example, Bitcoin (BTC) was created to offer a decentralized form of payment. The enabling of DeFi finance is also the main reason crypto became so popular in the first place. A couple more examples include other coins like Solana (SOL) and Cardano (ADA) that were designed to offer a faster and cheaper alternative to BTC’s technology.
Everything You Need to Know About Meme Coins
Meme coins serve quite a unique and interesting purpose to crypto and are driven by the same force that created internet communities and meme culture. They are often characterized by a close-net community and a cute or funny animal mascot. Two perfect examples of this are the well-known dog-themed tokens, Dogecoin (DOGE) and Shiba Inu (SHIB), which are also the two most popular meme coins on the market right now. Both feature an adorable Shiba Inu dog as the face of their coin and are supported by a mass social media following.
The meme coin trend was actually conceptualized in a subreddit forum, WallStreetBets, and had nothing to do with crypto. In early 2020, WallStreetBets garnered a large community that agreed to invest in GameStop, a movie theatre chain, AMC, and some other companies to spike their prices and therefore gain a substantial profit. Their plan was successful, with many investors reaping the benefit of 100-fold returns. Later on that year, DOGE, the OG meme coin, rose to crypto fame when another Reddit group began making jokes about buying the silly seeming token enough to imitate the WallStreetBets events, thus following the same path to success.
How Much Can a Single Cryptocurrency Offer?
Cryptos can absolutely spread their wings and offer multiple forms of value, and the new meme coin, Dogetti (DETI), is a great example of this. Dogetti is a brand new crypto asset and is, therefore, currently in its ICO (initial coin offering) or presale, which is where tokens are sold at a low price to raise money before its launch. DETI has just entered stage two of its presale, which is an exciting next step for the fast-growing token community.
Crypto analysts believe Dogetti’s fast rise to popularity stems from offering a diverse range of crypto value. The aforementioned meme coins, DOGE and SHIB, grew successful through their strong and close-net communities. Not only does DETI offer this as well, but it's actually their main point of focus to the extent that the team created the token's entire branding around it. The meme coin’s mascot is a group of dogs posed as the mob, which is intended to express the token’s family importance, which is also why they refer to their community as a “The Family''. In addition, DETI also plans to offer an incredible selection of crypto utilities through their site swap, DogettiSwap, and NFT collection! If you are new to crypto and interested in getting in on the next big coin while it's still cheap, analysts have predicted a bright future for DETI for legitimate reasons, which makes it a fantastic option.
Click the following links for more information on Dogetti!
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_