The sun never sets on the world of cryptocurrency. There are always things happening, events in motion, looming disasters, potential crypto booms, breakthrough coins and bullish markets, sometimes all unfolding in a matter of weeks. Before the narrative can settle and harden, to paint a story of where the market is going, a new update completely revamps that. Following the latest crypto news is like going on a rollercoaster ride that forgets it has to stop at some point. For those who are keenly or passively invested in the stories of Dogetti (DETI), Dogecoin (DOGE) and Ethereum (ETH), is this a good or bad thing?

Dogecoin Feels The Pinch

Dogecoin might be the largest meme coin in cryptocurrency but it has seen a drop in its value of around 13.98% in the past seven days. This has left it sitting with a market cap of around $10.9bn while it's trading for around $0.07 on the market per token.

Dogecoin has been in the news a lot recently due to it being Elon Musk's advocated coin. This has often culminated in some drastic price surges as seen more recently when Musk audaciously offered 1 million DOGE coins to anyone who could establish a link between his family and emerald mines. There is a conversation to be had as to whether this is sustainable for Dogecoin. Right now, it's trading in the red on the crypto market but investors should hold firm and not begin panic-selling.

Dogetti Is Ready To Go Live In June

Dogetti, the latest addition to the ever-growing list of meme coin cryptos, is all set to launch in June. The team behind Dogetti has witnessed the soaring popularity of Dogecoin and other altcoins, which has undoubtedly boosted their confidence. Dogecoin, in particular, has managed to maintain its appeal even during the bear market, and Dogetti aims to replicate this phenomenon.

Dogetti's unique selling point lies in its community-based approach, which takes inspiration from contemporary meme culture. This has enabled it to gather a vast following of devoted supporters who consider themselves to be part of a family. Dogetti has designed its token ecosystem to reflect the importance of its members, with a portion of the profits generated by the cryptocurrency being shared with DETI holders. Furthermore, members are actively involved in the decision-making process concerning Dogetti's future direction and development.

In a world where cryptocurrencies are rapidly gaining acceptance, Dogetti's community-centric model has the potential to attract many investors. With the launch just around the corner, it remains to be seen whether Dogetti will be able to live up to its promise and carve a niche for itself in the highly competitive world of cryptocurrencies.

How Is Ethereum's Shanghai Upgrade Faring?

The Ethereum network's successful implementation of the Shanghai upgrade has attracted the attention of institutional investors towards staking. According to Michiel Milanovic, an analyst at ConsenSys, a blockchain development firm, top institutional-grade ether (ETH) staking service providers have reported three times the inflows in April compared to last month. Notably, 80% of these inflows were recorded after the Shanghai upgrade went live on April 12.

The Shanghai upgrade, which started on April 12, allowed the withdrawal of 18 million previously locked ETH tokens worth $35 billion from staking contracts. The Ethereum community highly anticipated the upgrade, and its successful implementation led to ETH's price surging to $2,100, its highest level in 11 months. The rally defied earlier concerns about significant selling pressure and a price crash. However, the token's price has since dropped below $1,900 due to a broader decline in the crypto market.

For more information about Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_