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Bitcoin enthusiasts across the world celebrate May 22nd as Bitcoin Pizza Day. The story behind this day will answer the question in the title. On the 22nd of May 2010, Laszlo Hanyecz, a computer engineer, tried to buy just two pizzas from the renowned Papa John's with $BTC. Since they weren't accepting Bitcoin then, Laszlo Hanyecz posted a 10,000 Bitcoin offer on bitcointalk.org. A 19-year young man named Jeremy Sturdivant took that offer for approximately 41 dollars and bought him pizzas.
It was the first time a physical good was purchased using Bitcoins. If you think it was a revolution in the traditional finance sector, let us tell you a miracle that followed. A single unit of the same Bitcoin that Laszlo used to buy pizzas a decade ago, at the time of writing, is now worth more than 24,000 dollars. Technically, Laszlo Hanyecz had spent 10,000 Bitcoins over two pizzas that would be worth 240 million dollars today. In other words, Jeremy Sturdivant invested just 41 dollars which would be worthy enough to place him on the list of the world's billionaires. This is why you must invest in Cryptocurrency. It has the potential to make a millionaire in a matter of a short period.
A decade ago, It was tough to buy a pizza using Bitcoin. But, as of 2022, the top seven of the ten world economies by GDP have legalized Bitcoin. This unanticipated response and never-ending demand for Bitcoin is what gives birth to new cryptocurrencies called altcoins. Today, the market capitalization of cryptocurrencies stands at over a trillion dollars with a thundering success.
Investors from all across the world have been pouring their money into cryptocurrencies to get more profit in a very short time. Although the crypto market is too volatile, crypto enthusiasts try to decode the day-to-day happenings and predict the future of a particular coin. Here we have discussed XRP, Shiba Inu, and Dogetti Coin, which are predicted to have a promising future.
Launched in 2012, XRP reached its all-time high in 2018. The coin is now predicted to boost investors' portfolios in 2023. In the past week, the XRP price chart has seen a double-bottom pattern. This reversal pattern could lead to a significant bull run. This bullish pattern may drive the price to $0.55 neckline resistance. A breakout from this neckline is expected to trigger the bullish pattern and increase the buying pressure in the market. The Relative Strength Index also predicts the same. It is a technical analysis to measure the strength of asset price action by comparing recent gains to recent losses. The bullish divergence in the RSI indicates increasing buying pressure and a higher possibility that traders may follow the double-bottom pattern.
Shiba Inu, a dog-themed meme-coin, was launched in 2020. After the Musk effect throttled the meme coin market, Shiba Inu recorded more than an 8% rise in the past seven days. With the recent recovery in the market, the Shiba Inu coin bounced back to surge to 9.8% higher to trade at the 0.000013 mark. It is predicted that under the influence of a bullish pattern and buying, the coin may rise another 12% to challenge the neckline resistance of 0.000015. A breakout from this neckline is expected to lead a bull run to the 0.000022 mark.
Unlike the other two cryptocurrencies discussed above, Dogetti is not an established currency. This dog-themed new meme-coin was introduced to the crypto world in early 2023, targeting multiple sectors of the crypto economy, like NFT, DAO, and DEX. The DAO or Decentralized autonomous organization allows the investors to vote on important proposals to make amendments. The NFT allows the owners to generate wealth from the asset. Dogetti has announced that 2% of the total tax levied on every transaction will be redistributed to the holders' wallets. It means the holders will receive extra tokens just by holding them. So far, Dogetti has sold 276 crore tokens in its presale stage. It also introduced a secret family code to WISEGUY25 to avail 25% bonus. With all these features, the future looks bright for Dogetti. Click the link below to learn more about Dogetti.
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.
