Place/Date: - March 12th, 2023 at 6:41 pm UTC · 3 min read
It’s been an interesting start to March in the crypto market with bearish trends leaving everyone waiting in anticipation of a market recovery. But whilst people wait, interesting developments are finding ways to unfold within the market. Here in this article, we’ll look at some of them by examining three coins that are currently undergoing intriguing developments. These coins are Dai (DAI), Cronos (CRO), and the new meme coin sensation Dogetti (DETI).
Dai is the fourth largest stablecoin by market capitalization but has recently faced a decrease in its trading volume by a significant 37%. This has been accompanied by a slight dip in its value across the previous seven days (although it should be noted that Dai has actually fared better than many other coins).
DAI has confronted many obstacles, including capital inefficiencies and centralised points of failure. The team behind DAI has also struggled between deciding whether to opt for greater formal structures and compliance or increasing the process of decentralisation.
Cronos is a decentralised protocol that was designed to assist individuals in gaining greater control over their financial assets without compromising their data or identity. It was built by Crypto.com – a crypto exchange company – and boosts an impressive trading volume. The functions of its token include transaction payments, rewards, and other bonuses. It allows trading crypto assets on Crypto.com to become a profitable venture for users. With Cronos regularly being developed, it stays adaptable and helps the crypto trading platform stay competitive with other major crypto exchanges.
It has a market cap of around $1.8bn.
Dogetti is a new meme coin that has blitzed through its crypto presales. Having just completed Stage 1 by accumulating $500,000 in sales, it enters Stage 2 heavy on confidence.
Dogetti draws heavily on mafia metaphors to create a strong emphasis on loyalty to its family. It reflects that on its NFT Marketplace, where “family members” can buy, sell, or trade digital assets. These NFTs are taxed at 6%, and from this, 2% is distributed among token holders. Alongside this, it equips its members with an important representation and voice through the DogettiDAO feature in its ecosystem. This underlines how it weaves family strongly into a concept of what it wants to be.
Why is this important? When you consider the instability of the crypto market it becomes clear why investors place a high value on trust, transparency, integrity, and accountability. Dogetti provides this reassurance and then some. It’s been able to create a sense of shared purpose amongst the holders of DETI tokens through a combination of memes and intelligent strategic steps. Its theme of being a crypto family gang helps cultivate a sense of identity for the coin that its members can buy into. But this is significantly followed up by an actual structure at the heart of Dogetti that is about valuing its members and protecting their wallets.
This is what has made Dogetti enjoy an eye-catching beginning to its presales and why many crypto experts have tipped it as one of the cryptos to look out for in 2023.
If you’re interested in the exciting things happening at Dogetti and don’t want to miss out, then see below:
For more information on Dogetti (DETI) visit: Website, Presale, Twitter, Telegram.
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