Since this weekend, the cryptocurrency market has been trading in green, setting a new record of multi-month highs. The price increase came as a shock to some, considering how the market played out due to the successive descent of major banks in the US, followed by a few tumbles in stocks of global banks.
For three straight days, the crypto has been a haven for the risk-averse and those that were afraid of bank contagions. Crypto leader Ethereum indeed traded in the green, briefly shaking off USD Coin, and Dogetti felt an upsurge with its latest raised funds.
Although highly unlikely, says Former FDIC and Fed official Thomas Hoenig, crypto investors are hopeful that the US Federal Reserve would not be forceful in implementing interest hikes. The former official further says that until inflation is a looming concern, the Fed should not consider lowering the interest hikes. However, this did not stop people from panicking—USD Coin users exchanged their tokens for prominent cryptocurrencies like Bitcoin (touched $26K trading price), Ethereum, and Dogetti.
Ethereum, a crypto giant right after Bitcoin, touched a 7.75% increase with a maximum of $1,781 trading price. Meanwhile, USD Coin dropped to as low as $0.88 trading price with a $36.19 billion live market capitalization.
However, things quickly reversed three days on.
Ethereum is trading at $1,660.46, with a 24-hour trading volume of $12.17 billion and a market cap of $203.19 billion. Meanwhile, USD Coin regains momentum with a trading value of $0.99, a $6.83 billion trading volume, and a $37.49 billion live market capitalization.
Despite the short-lived bull run, the great thing about it was that the crypto regained the $1 trillion it lost a few months back. The current global cryptocurrency market cap as of CoinGecko is $1.13 trillion.
Dogetti is a newly released mafia-themed meme token committed to offering only fun things and huge gains for its family (community).
This Ethereum-based project has currently raised $582,121 and sold 7.43 billion DETI tokens. It is currently in its second presale phase, with a new, albeit secret offer for its family: 'DON50', which rewards them with 50% bonus tokens. For token holders who bought it during the first stage, this news is doubly special since they now have 300% more!
To further entice its clan of dons, Dogetti is set to release a new offer: The Dogetti Rouletti Table!
The cryptocurrency market is a volatile industry, and no one's keeping it on a QT. But, what isn't a secret is its exceptional means to provide its users with a dramatic return on investments—and this week's trading prices proved this to be true.
Trade in a cryptocurrency you trust. Additionally, always follow the golden rule when diversifying your portfolio via crypto: invest what you can manage to lose. And, if we may add, do your research.
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.