Bitcoin (BTC) and Dogecoin (DOGE) are two cryptocurrencies that stand out as the first of their kind. Bitcoin is the original cryptocurrency and Dogecoin is the first meme coin to hit the market. But how can the success of these two coins pave the way for alternative coins like Dogetti (DETI), a brand new dog meme coin on the market?
It All Starts With Bitcoin
Bitcoin is the cryptocurrency that paved the way for all that followed and there were many that followed. The crypto industry is something that has gotten a vast amount of attention in recent years. During this digital revolution more and more people are turning towards cryptocurrency and blockchain technology. There is something about the decentralized aspect of cryptocurrency that entices people, being able to take full control of their finances without government influence and onlookers.
Bitcoin has been running the crypto game for well over a decade, since 2009. There have been many altcoins on the market since its launch, but sometimes it is important to pay homage to where crypto began. Bitcoin has seen a great fluctuation in value since it started. Back in 2016, Bitcoins value stood at $500 but since then it has been victim to intense fluctuations between $27,000 and prices as high as $65,000 in the latter part of 2021.
However, by 2022 Bitcoin fell by almost 75% sending the crypto world into a frenzy. The volatility of the coin hasn’t deterred potential investors though, Bitcoin is frequently used as a standard form of payment for regular worldwide transactions because it is so popular. Basketball players have signed contracts accepting Bitcoin as a payment method before.
Dogecoin: Every Dog Has Its Day
Another first for the crypto world is Dogecoin, the first meme coin in the crypto space. A popular internet craze that swept social media in 2009 gave rise to Dogecoin. The meme featured a Shiba Inu dog giving the camera the side eye while being surrounded by snarky remarks like “much swag” or “such cool.” It was a joke, just like Dogecoin at first; it was meant to be a lighthearted parody of Bitcoin, but it soon went viral on social media after notable figures like Tesla CEO Elon Musk and veteran musician Snoop Dogg paid homage to it. Since the launch of Dogecoin, there has been a surge of copycats (or copydogs!) dog meme coins on the market, much like Shiba Inu (SHIB).
The structure of the Dogecoin design was built to be an elevation of the Bitcoin idea. It was designed to be faster and more efficient. As well as this, Dogecoin has far more coins in production than Bitcoin. Bitcoin only has 21 million coins in rotation today, whereas Dogecoin has a whopping 130 billion coins along with a further 10,000 mined every minute.
Dogetti: New Dog On The Block (Chain)
A brand new family just moved on the blockchain, The Dogetti Family, made up of five mafioso made men who are paying tribute to the world of crypto. Don Eloni Dogetti, the man himself, wants nothing more than to set up a DeFi ecosystem for all extended family members to participate in.
Dogetti deserves to run with the pack in this dog meme-dominated crypto society. But what makes Dogetti stand out from the rest? NFTs also known as Non-Fungible tokens are the latest craze in decentralized spaces. These Dogetti puppy NFTs are designed specially and uniquely for each individual. Developers promise to allow the Dogetti puppies breeding abilities shortly, therefore allowing space to create more unique NFTs that can be purchased, traded and sold in the Dogetti Universe.
Despite ties to the mafia Don Eloni is a generous wise guy, which is why two per cent of all Dogetti transactions are then redistributed into a charity wallet. Investors can then decide which charities will receive the funding in that wallet.
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