Established Cryptocurrencies Like Bitcoin And Ethereum Make Room For Crypto Presales Like Dogetti And More
Established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) are going through drastic changes at the moment. With Bitcoin passing the $30,000 mark and Ethereum’s highly anticipated Shanghai update happening later today (12th April), these crypto OGs are doing everything to stay relevant. But is it time for the grandparents of crypto to take a step back and let new altcoins like Dogetti (DETI) thrive?
Bitcoin: The Beginning Of Crypto As We Know It
Everyone who follows the world of cryptocurrency knows that Bitcoin is where it started. And since its launch way back in 2009, it has changed the way the world handles money and finances forever. As Bitcoin was the first original cryptocurrency, it took a while for the coin to take flight. In 2016 Bitcoin was worth around $500. Bitcoin has since proved itself as a respected and established currency in the crypto world, and by the end of 2022 Bitcoins value was a respected $28,000.
Bitcoin (BTC) is continuing to break records because, for the first time since June 2022, Bitcoin has surpassed the $30,000 mark after being stagnant for months and even dipping in price for a while. As Bitcoin is the original cryptocurrency, Bitcoin investors fall victim to market volatility as Bitcoin has experienced significant price jumps over the many years of its existence. Although things seem to be looking up for Bitcoin, the bull market is encouraging people to get in on the action whilst BTC seems to be on the rise, reaching its highest price in over 10 months. Predictions state, if Bitcoin continues to go in this direction it could reach a record-breaking height of $37,000 by the end of the month.
Ethereum Shakes The Crypto World With Shanghai Update
Ethereum is the second largest cryptocurrency and blockchain platform on the crypto market. Soon all Ether stakeholders will be able to withdraw the currency they have been storing for years via this brand new ‘Shanghai’ upgrade that the Ethereum network will be undergoing. This upgrade will be very beneficial to the network, allowing for faster transaction speeds and significantly more security. As well as this, transactions will be more affordable for users of the network.
The old Ethereum network system was ruled by a proof-of-work concept, where users had to solve mathematical puzzles to earn crypto prizes. This new system has eliminated this method and has adopted a proof-of-stake strategy, prize winners will be decided completely at random. Although, more Ether tokens staked more chances of winning crypto prizes.
New Dawn, New Day, New Dogetti
It is abundantly clear that as the crypto world goes through drastic changes, the grandparents of crypto Bitcoin and Ethereum are doing all that they can to keep up with the times. But is it time for them to make way for brand new cryptocurrencies to grow and thrive and establish themselves as competitors on the market?
Don Eloni Dogetti wants nothing more than to establish why Dogetti deserves to compete with the big dogs like Ethereum and Bitcoin. By implementing many ways within the Dogetti network to generate wealth for all investors, it is clear that Don is in it for the long haul.
Non-Fungible Tokens or NFTs have become the latest craze in the metaverse, and Dogetti is providing people with what they want. With Dogetti NFTs, investors have the opportunity to purchase, sell and trade their digital companions. Alternatively, they can keep them and have them reproduce with one another to generate a steady stream of income for them within the Dogetti Universe.
As well as this, two per cent of all transactions are placed into a charity wallet where investors themselves can vote and decide which charities will receive the Dogetti funding. Also, another two per cent of transactions go back into investors' accounts, meaning that $DETI holders receive extra tokens for staking currency in their Dogetti wallets.
A lot of cryptocurrencies are beginning to allow for a proof-of-stake system as a way to reward buyers for their investments. This is likely why Ethereum is updating its system to allow this method, to keep up with the newbies. Whoever said you can’t teach an old dog new tricks?
For More Information On Dogetti (DETI):
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
