image3The crypto market is one of the most dynamic and volatile markets in the world. Throughout 2022, the crypto market reportedly lost $2 trillion in market capitalization. However, at the start of 2023, the crypto market started to show signs of recovery, rebuilding trust with crypto enthusiasts. This editorial piece will examine three cryptocurrencies that are reinventing the crypto market in 2023, again rebuilding trust between crypto enthusiasts and the market.
So, who are these cryptocurrencies? They are Dogetti (DETI), Shiba Inu (SHIB), and Ethereum (ETH). While Shiba Inu and Ethereum are household names among crypto enthusiasts, the Dogetti platform will be news to most. Shiba Inu and Ethereum have shown their worth in the crypto market over the years, and Dogetti looks to follow in their footsteps. Let’s find out how these platforms are reinventing the crypto market.
Dogetti’s Involvement In The NFT Sector
The Dogetti platform has shown its commitment to multiple sectors of the crypto market. One of which is the NFT sector, and Dogetti has some interesting features that it will add to its upcoming collection. Dogetti will allow its holders to breed their NFTs, creating new digital companions that you can either keep or sell for fiat or cryptocurrency!
Another fascinating feature of the Dogetti ecosystem is the DAO. A DAO allows holders of the token to vote on proposals concerning the platform’s future. DETI holders can voice their opinion on potential upgrades the platform could pursue, ensuring that Dogetti remains committed to its community.
Those looking to swap ERC20 tokens on the Dogetti platform can! Dogetti will build on the Ethereum network, hosting a Decentralised Exchange (DEX) on the Dogetti platform. The DEX will be powered by Uniswap (UNI), ensuring high liquidity for Dogetti users.
How Is Shiba Inu Doing Today?
Shiba Inu has always been regarded as one of the highest-performing meme tokens in the crypto space. While the platform has always lived in Dogecoin’s (DOGE) shadow, Shiba Inu is starting to make a name for itself in the crypto market.
One riveting feature that sets Shiba Inu apart from Dogecoin is its new blockchain, Shibarium. Shibarium is a layer-2 blockchain, building on the Ethereum network and harnesses its blockchain technology.
So, how is Shiba Inu doing today? Shiba Inu is performing well through Q1 of 2023, as per the news of the Shibarium blockchain. The platform has increased its market capitalization by 7.50% in the past twenty-four hours at the time of writing.
Ethereum – The Home To Thousands Of dApps
Ethereum needs no introduction. The cryptocurrency powerhouse is home to over 2,700 dApps, becoming the largest smart contract platform in the blockchain industry. While Bitcoin (BTC) is still undoubtedly the biggest cryptocurrency in existence, Ethereum is the best in terms of utility.
The open-source blockchain was plagued with high gas fees and low transaction speeds. However, in September 2022, the blockchain switched its outdated Proof-of-Work (PoW) consensus for the energy-efficient Proof-of-Stake (PoS) consensus that improves scalability.
Another benefit of building on the Ethereum blockchain is its privacy. The Ethereum blockchain ensures that private information is encrypted. This guarantees that private information is only shared with those that need to know.
Final Thoughts
Shiba Inu and Ethereum are two cryptocurrencies that have undoubtedly reinvented the crypto market. While Shiba Inu has adapted how we view meme coins, Ethereum has become the hub for thousands of dApps in the crypto market.
Another cryptocurrency that is reinventing the crypto market is Dogetti. The new meme token platform is incorporating innovative features into its ecosystem that could rebuild the trust lost with crypto enthusiasts during the 2022 bear market while revolutionizing the crypto market.
For more information on Dogetti (DETI), please visit the following links:
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
