Signature, Silvergate, and Silicon Valley Bank – these three institutions failed within the same week. Signature and Silvergate are banks with deep ties to the crypto industry, and SVB is the biggest bank for tech start-ups. Investors are understandably worried about what this could mean for the cryptocurrency industry. Yesha Yadav, an associate dean at Vanderbilt University Law School, said "It's very dark days at present for crypto."
However, shining a light in these unprecedented dark times is the new mafia themed dog coin Dogetti (DETI). Despite the negative trends of the market, including the recents collapse of big banks heavily invested into cryptocurrency. The popular dog themed coin remains unaffected and continues to have a very strong pre-sale stage.
Let's take a look at how some popular tokens are doing during these unprecedented times.
The two crypto giants saw a surprising surge after the bank collapse. Bitcoin and Ethereum were up by 9% on 13 March. What was the reason for this uptick? You can point that finger at the crypto exchange platform Binance. Binance created buying pressure for the cryptocurrency market by converting $1 billion of stablecoins to Bitcoin, Ethereum, and other tokens.
Bitcoin, the first cryptocurrency, was created in 2008 by an anonymous person (or a group of people) with the alias Satoshi Nakamoto. Years later, it remains the largest cryptocurrency and tops CoinMarketCap's rankings.
Ethereum, the second largest cryptocurrency, was created in 2013 by computer programmer Vitalik Buterin.
The shares of the ever-popular doggy meme coin plunged when the banks collapsed but saw a surge after the market recovered. Over the past 24 hours, Shiba Inu has surged 5.9%. This increase reflects the improved opinion investors have of high-risk assets.
Shiba Inu was created in 2020 to compete with meme coin king Dogecoin. SHIB quickly gained the attention of figures like Tesla CEO Elon Musk and Ethereum founder Vitalik Buterin. The token recently launched the beta version of its Ethereum layer-2 solution Shibarium. Shiba Inu fans anticipate this could increase the utility of the coin.
Mafia dog meme coin Dogetti is still standing strong despite the bank crises. DETI is in its second pre-sale stage and has raised over $550k. Its ecosystem consists of DogettiNFTs (an NFT marketplace) and DogettiSwap (a token exchange platform). The Dogetti Don holds his family in high regard and allows them to participate in the decision-making process through DogettiDAOs.
Right now Dogetti is making an offer you can't refuse – if you enter the code DON50 when you purchase DETI tokens, you get a 50% bonus! The code will only be available for a limited time so hurry up!
The crypto bank collapse has sent shockwaves in the industry but that's no reason to lose hope. Crypto exchange platform says they're working as usual and giants like Ethereum and Bitcoin have experienced rebounds. Newcomers like Dogetti have stayed resilient despite the crash and have the potential to become a high-value cryptocurrency in the future and offer a 900% return on investments. Of course, cryptocurrencies are incredibly volatile and unpredictable as the current crises have proven. Remember to do your research and only invest in coins you trust.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti
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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.