Crypto-Thawing: Bitcoin and Ethereum Heating Up, Dogetti In Line For Success

The crash of the FTX market in 2021-2022 saw the decline of many high-ranking cryptocurrencies including Bitcoin and Ethereum. Their values plummeted during this period and the confidence of many investors was shattered. Entering the new year, it seems like the thawing has begun. Additionally, Dogetti is entering the market and it looks like it is lined up for success. 

The crypto winter brought about a famine in the cryptocurrency market. Investors lost substantial amounts of money and the value of many popular coins fell. However, all was not lost, as the bleak outlook brought about a time when the coins could truly test their resilience. 

Bitcoin: Perseverance and Survival

Bitcoin has been in circulation for more than a decade and is the pioneer of cryptocurrency, gaining a steady following as the top-ranked coin on the market. The main reason for the crash of bitcoin was the rising inflation rates during the pandemic which caused people to flock into the digital landscape and start selling their digital assets.

During the crypto winter, Bitcoin fell 67% and was at an all-time low in 2022, valued at $ 19, 578 per coin as compared to its performance in November 2021 when it was valued at $ 64,912 per coin.

Since the crash, the coin has begun finding stability and is still on top of the market valued at $ 23,408 per coin, and is set to recover in the second half of 2023, at a value of $ 30,000. 

Ethereum: Change and Recovery

Ethereum has proved its toughness time and time again, that is how it has remained in the number 2 spot all this while. Before the crypto winter, Ethereum was valued at an all-time high of $ 4,444.53 per coin in November 2021. When winter struck, the coin dropped drastically to $ 1,098.91 in June 2022. 

Following the crypto winter, the platform released Ethereum Merge, which has greatly reduced the energy consumption of the blockchain by 99%. This update has converted the platform from a proof-of-work mechanism to a proof-of-stake mechanism and has been very advantageous for them. 

Since the upgrade, Ethereum has improved by as much as 85%. Before the Merge, Ether took market shares from Bitcoin and now accounts for roughly a fifth of the $ 1 trillion market. Additionally, Merge aims to attract more investment from eco-conscious investors. 

Currently trading at $ 1,640 per coin, the value is predicted to rise to $ 2,493 by the third quarter of 2023.

Dogetti: A Creative Spring

One of the most creative cryptocurrency creations is Dogetti. The Mafia-themed meme coin is community-driven and “family-focused”. Although still in its first stage of the presale, the platform has garnered over $ 100 000 of its $ 500 000 goal.

The speed at which it is growing is primarily due to the unique promises made by the platform, that being transparency, trust, and security. It is firmly built in its sense of community in two ways; firstly it offers investors a chance to own NFTs that they can breed, grow and sell at a later stage in return for crypto or fiat and secondly, it allows for its users to participate and earn rewards by directing the project.

The platform additionally offers investors a new and interesting take on crypto, as previously done by Dogecoin and Shiba Inu. It creates a space where investors can turn a profit and utilise their features, making the most out of their investment. 

Final Thought

The crypto market broke the confidence and trust of many investors, most of whom lost their entire life savings. Now, with thawing in sight, the stablecoins look promising for an increase in their value, and with Dogetti entering the market soon, it seems like crypto will be returning to its former glory, giving investors a second chance to earn well and succeed.

For More on Dogetti (DETI)

Presale: https://dogetti.io/how-to-buy

Página web: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_