Crypto news through 2022 was bleak at best. It seemed as if the crypto market was constantly in a state of decline as Bitcoin (BTC) dropped from its all-time high of $68,000 to $20,000. However, 2023 has shown promising signs of recovery, with Ethereum (ETH), Cardano (ADA), and Dogetti (DETI) leading the charge.
This editorial piece will examine the current trend of Cardano, Dogetti, and Ethereum. Additionally, we will take a look at their ecosystems and what makes them so desirable to crypto enthusiasts. While Cardano and Ethereum are established in the crypto market, Dogetti is in its presale and has the whole crypto community in awe.
Dogetti On Track To Hit Presale Target
Dogetti is relatively new to the crypto market. The meme token platform has shown its commitment to its community, targeting multiple sectors of the crypto market to give its community the tools to generate income. Dogetti is in the first stage of its presale, raising $195,000 at the time of writing and inching closer to its $500,000 goal. So, what sectors has Dogetti targeted in its ecosystem?
The NFT sector is booming, and Dogetti has capitalized on this. Dogetti will release an NFT collection in the fourth stage of its roadmap, with future updates allowing NFT holders to breed their NFTs into additional digital companions. These companions can either be sold on the Dogetti NFT marketplace or held!
Decentralized Exchanges (DEXs) allow users to swap tokens with one another. Since Dogetti builds on the Ethereum network, the Dogetti DEX allows users to swap any ERC20 token. The DEX is the primary utility of the Dogetti ecosystem, and the crypto community is extremely excited about how far this meme token platform could go.
Cardano Increases Market Capitalisation By 16%
Cardano is a household name within the crypto community. The blockchain giant joined the market in 2017 after development started in 2015, changing the crypto landscape as we knew it. Cardano was determined to create a sustainable blockchain ecosystem, utilizing a Proof-of-Stake (PoS) consensus to achieve this.
Unlike other major blockchains, Cardano is committed to its community. In 2020, the blockchain giant held a Shelley upgrade which aimed to make the Cardano blockchain 50 to 100 times more decentralized. This was predicted by Cardano founder, Charles Hoskinson, to allow hundreds of assets to run on the Cardano network.
Cardano has seen an extremely positive start to the year, climbing to the seventh-largest cryptocurrency in the market. The blockchain has increased its market capitalization by 16.32% in the past seven days at the time of writing.
Ethereum Shows Resilience After 2022 Bear Market
The Ethereum platform has always been regarded as the king of altcoins, with only Bitcoin ahead of it in terms of market capitalization. However, Ethereum is the largest smart contracts network in the crypto market, hosting 2,700 dApps on its blockchain.
Although 2022 was a negative year for most of the crypto market, some good news came for Ethereum as the network switched to a PoS consensus. This change allowed Ethereum to heighten its performance, improve its scalability, and reduce its environmental impact.
Like Cardano, Ethereum has seen a positive trend through Q1 of 2023. The crypto giant has increased its market capitalization by 15.32% in the past seven days at the time of writing. Could now be the best time to purchase Ethereum? All signs point to yes.
Cardano and Ethereum are two of the most successful PoS blockchains in the crypto space, so it is no surprise that they are both experiencing positive trends at the time of writing. However, Dogetti is one to watch this year. The meme token platform is rampaging through its presale, creating hype among the crypto community after the bear market in 2022.
Additionally, users can obtain 25% bonus tokens with their Dogetti presale purchase. Use the ‘WISEGUY25’ code at the checkout to receive yours!
For more information on Dogetti (DETI), please visit the following links: