Dogetti, Dogecoin & Shiba Inu: Giving New Breath Of Life To Meme Coins In 2023

Dogetti, Dogecoin & Shiba Inu: Giving New Breath Of Life To Meme Coins In 2023
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While many may have initially been under the impression that cryptocurrency was merely a trend among a handful of people when it was created in 2009, it has since transformed and revolutionized the financial trading system. Cryptocurrency's exponential growth has prompted several governments to absorb the medium into their financial system, while many others are in the process of drafting legislation into the possibilities of doing so.

As serious as cryptocurrency may sound, there are currencies that are defined as meme coins that operate with a lighter concept of a digital currency. Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media that are mainly community-driven and can gain popularity overnight due to online community endorsements. Meme coins saw their growth boom in 2021 with household meme coins Dogecoin (DOGE) and Shiba Inu (SHIB), while the latest meme token Dogetti (DETI), is adding to the meme coin hype in 2023.

Dogecoin (DOGE), A Multi-Billion Dollar Joke

The first ever meme coin to have been created and done so in 2013, Dogecoin (DOGE), was launched as a parody based on the popular "doge" Internet meme that features a Shiba Inu dog as its logo. Dogecoin, which is an open-source digital currency, is primarily used as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content.

But what began as a joke is now worth billions. In 2020, Dogecoin was estimated to be worth $75 billion and, at the time of writing, held a market capitalization of $11.4 billion.

Shiba Inu (SHIB), Doge Rivalry At Its Best

Considered a rival for Dogecoin, Shiba Inu (SHIB) calls itself the "DOGECOIN KILLER" and was created in 2020. The meme token has since gained speed and value due to the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk, similar to DOGE.

According to Shiba Inu's creator, who remains anonymous and goes under the pseudonym "Ryoshi," the end goal is that SHIB becomes a global stable currency "that plebs across all countries can use as both a store of value and method of payment."

Dogetti (DETI): The New Doge In Crypto Town

The Dogetti (DETI) project is based on the Ethereum blockchain network with the concept of creating a strong and united community of holders that will be rewarded regularly. But unlike many "community-owned" meme tokens operating in the cryptocurrency market, Dogetti prefers to be identified as "a family" where members can feel valued, respected, and heard.

Dogetti is an ERC20 token built on the Ethereum Network, which is fully decentralized and community-driven, with no centralized ownership. Through the Ethereum blockchain, Dogetti assures that its customers or family members will benefit from features like interoperability, high liquidity, scalability, and smart contract compatibility.

In its whitepaper, Dogetti prides itself on the values of transparency, trust, and longevity. Dogetti's ecosystem consists of DogettiSwap, Dogetti NFTs, and DogettiDAO. DogettiSwap is a decentralized exchange (DEX) where users can swap any ERC-20 token in just seconds without the need for a central authority. Through the liquidity pool system it employs, DogettiSwap offers trading fees lower than on other exchanges. Users will also be supporting several charities through trading using DogettiSwap. Dogetti NFTs are unique digital assets that are built on the blockchain that will allow users to adopt their Dogetti puppy, which can be used as a digital companion. DogettiDAO is a powerful tool that allows the DETI family members to propose and vote on proposals for the development and direction of the project.

Find out more about Dogetti (DETI):

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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.

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