“New Kid On the Block” Dogetti To Edge Past Memecoin Giants Dogecoin and Floki Inu
The memecoin sector commenced in 2013, with Dogecoin (DOGE) being the pioneer token in the ' jokes' section. While memecoins started with a rotten reputation for lacking value-studded protocols, the most recent launches have included more features than just memes in their protocols. This has correlated with their increasingly successful presales and launches, as more users have subscribed to such platforms even more nowadays.
Dogetti (DETI) is the latest memecoin to approach its presale phase and its developers intend to ride on the current momentum and the value-packed protocol to amass a devout community for the project. Here's a brief review of how the token compares against other more established platforms Dogecoin (DOGE) and Floki Inu (FLOKI).
Dogecoin Invents The Memecoin
Dogecoin (DOGE) was launched in 2013 because of the increasing tension within the cryptocurrency community. Developers Billy Markus and Jackson Palmer created a coin that would be a constant supply of jokes and memes to bring humour into the crypto space.
Along the line, most users subscribed to using the platform, and Dogecoin gained a following within the cryptocurrency market. In 2021, Elon Musk made a public comment, insinuating that Dogecoin (DOGE) could become the world's next biggest cryptocurrency. This caused a flood of users to buy into the coin, raising its market capitalization to over $80 billion within a month.
Dogecoin (DOGE) runs on a proof of Work protocol where users mine DOGE tokens and earn rewards. The protocol is somewhat obsolete, as it is not energy efficient, and mining is not profitable except on a high graphics processing computer like an ASIC.
Dogecoin developers would be working on upgrading the platform and adding a few more features to keep up with the trends in the crypto space. Dogecoin currently sells at $0.091 on CoinMarketCap.
Floki Inu Explores The Metaverse
Floki Inu (FLOKI) is another established memecoin in the cryptocurrency market that is doing comparatively well thanks to the bull run. The token comprises several features, from an NFT marketplace to a Metaverse game and its cross-chain capacities. These features make it an excellent choice for investment in today's crypto space.
Floki Inu (FLOKI) is built on the Binance Smart Chain, but it can be converted to an Ethereum standard. The coin runs on a proof of stake protocol and is a standard DAO, run by the Methuselah Foundation.
Floki Inu's significant features include its NFT marketplace, where users create and mint their multimedia content into NFTs, and the Metaverse game, Valhalla, another avenue for users to use their self-generated NFTs. The platform is also actively involved in charity, as it hopes to build schools in underdeveloped regions of the world to promote formal education. Funding for the charity comes from the tax charged on transactions on the network.
Floki Inu (FLOKI) has been on a steady rise in 2023, currently selling for $0.000024 on CoinMarketCap.
Dogetti Makes The New Memecoin Family
Dogetti (DETI) will be looking to continue the decent streak in the memecoin sector. The developers seem to be on the front foot, as the token will be launched on Ethereum's blockchain, where it will harness the various tools at its disposal to improve its delivery or users.
Dogetti's (DETI) protocol consists of an exchange platform, DogettiSwap and an NFT marketplace, and its DAO structure. The coin swap system will make trading on Dogetti more convenient, as they can always convert their assets to DETI tokens while on the Dogetti (DETI) network rather than move to another network. On the other hand, it will increase demand for the DETI tokens, as users will pay charges in DETI tokens, thus boosting the coin's cryptocurrency price.
NFTs have also been integral in the cryptocurrency market lately, so Dogetti (DETI) will have a chance at success with its NFT marketplace. The NFT incorporation will also lead to opportunities in the future, such as a Metaverse ecosystem, where members of the Dogetti (DETI) community will have even more extensive uses for their NFTs.
Stay tuned for more details on Dogetti (DETI) as the developers prepare for the presale event.
For more information, check out:
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_