With the software solution provider MicroStrategy buying up Bitcoin (BTC) it underlines the growing institutional investment in cryptocurrency. But it also shows the faith that is held in major cryptos such as Bitcoin or Ethereum (ETH) which have dominated the crypto market for the past several years. As we look at what has made these two so successful, we will look at an exciting presale coin Dogetti (DETI), and examine what could make it one of the breakout coins on the market.
Bitcoin tokens were bought in large droves by MicroStrategy, an enterprise data warehouse analytics and reporting tool that provides business intelligence software solutions. MicroStrategy has acquired a lot of Bitcoin, purchasing another 6,455 BTC tokens for approximately $150m across the past five weeks, roughly around $23,238 for every coin.
The depth of MicroStrategy's Bitcoin investment underlines why the BTC token remains the largest and most widely used cryptocurrency on the market.
Bitcoin trading is popular amongst investors due to the resilience of the BTC token and is the most lucrative coin on the market. Right now Bitcoin trading is around $28,440 per token with a market cap of around $549 billion. The value in deciding to buy Bitcoin is that as the oldest cryptocurrency, it is essentially the gold of the crypto market, and is the most utilised and most trusted.
One of the most successful cryptocurrencies to date is Ethereum. The second-largest crypto, it has cultivated a reputation of trust, accessibility, and reliability. It might be smaller than Bitcoin, but its blockchain technology surpasses Bitcoin in many aspects and makes its platform a favourite for developers, particularly those in DeFi spaces.
On top of this, Ethereum is due for a major software upgrade called Shanghai which will allow Ether users to withdraw staked ETH coins freely. It's believed that with millions of ETH coins currently tied up, this upgrade would be a major boon as they can now stake and withdraw Ethereum tokens freely.
The simplest description of Dogetti (DETI) would be as a crypto mafia dog. It borrows from famous gangster tropes to sell you a pitch on the importance of family and loyalty and regards its members as part of its family.
Dogetti's selling point is in how it embeds its members into what it does. This gives investors a stake in the meme-based cryptocurrency that they may not find elsewhere. It's reflected in the ecosystem of Dogetti (DETI). Take, for example, its NFT Marketplace which allows Dogetti members to buy, sell or trade digital assets. There is a 6% on transactions and from this 2% is shared among those holding DETI tokens. In addition, its feature DogettiDAO enables members of the Dogetti (DETI) family to have a say on the meme coin's future.
Dogetti (DETI) is appearing to be a potentially lucrative cryptocurrency for investors.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.