Bitcoin returns to $23.6K as DAI, TRON and Dogetti look for stability
You could hear a sigh of relief across the market this week, as for the first time since last June, Bitcoin broke above $25,000. Unfortunately, on Friday the 17th February, they dropped back to $23.6K. Inflation and regulatory issues may once again have created negative effects.
This article will discuss how the decentralized, security-backed cryptocurrency DAI is responding to recent market fluctuations. We will cover how the blockchain-based decentralized digital platform TRON (TRX) has stabilized during the Bitcoins disruption. We’ll also look at new pre-sale meme coin gangsters Dogetti (DETI).
DAI: Smart and stable
MakerDao and MakerProtocol both manage the stablecoin DAI. It was released in 2017 and aimed to exist in parallel with the US dollar. They create magic through smart contracts like Ethereum (ETH) and a few smart people. Stablecoins are not a common aspect of the crypto market.
As mentioned, DAI is a crypto-asset that aims to maintain a stable 1:1 value with the US dollar by locking in a series of crypto-assets through smart contracts. They used an open-course software called Maker Protocol, which runs on the Ethereum blockchain.
The DAI stablecoin has responded well in these difficult times, trading at $0.9996 at the time of writing, up 0.03% in the last 24 hours and up 0.03% in the last seven days. However, the total market cap is $5,200,869,562
Bridging TRON
Don’t let the name fool you, a young Jeff Bridges wearing a sci-fi bike helmet won’t swing at you. But we can draw some parallels with the early 80s classic, one being its success. It was founded in 2017 by a non-profit organization in Singapore called the Tron Foundation.
The decentralized blockchain-based platform has its currency TRX. Like the TRON ScFi 1982 classic, it aims to host a global entertainment system, making digital content sharing projects cost-effective. Tron’s success relies on peer-to-peer (P2P) networking technology to help content creators sell their work.
Like most crypto organizations, Tron has seen periods of stagnation. Nevertheless, in recent days there has been a bullish response and they have reacted well in the market, creating a stable foothold in mid-February. Tron was trading at $0.06788 at the time of writing, down 4.10% in the last 24 hours and up 7.05% in the last week. However, the market cap is $6,216,106,246
Stay Dogetti, stay!
Is there a new pre-sale on the market? If you want to know what a dog gangster sounds like, head down to Dogetti, the new meme coin that’s ready to hit the crypto scene with a bite! The family-focused story of crypto friends will aim to create a strong sense of community, a feature they call ‘The Family’; this will help strengthen the Dogetti DAO identity.
With pre-sales well underway, people are trying to understand how Dogetti will aim to position itself. It is not just gathering the family for decentralized autonomous organizational votes. It’s also about meme contests, NFTs and charity. With an emphasis on the metaverse, Dogetti aims to create new forms of use to improve the family’s overall net worth.
Like any well-planned crypto pre-sale, there is a tempting code to encourage the potential buyer. With an additional 25% Dogetti (DETI) tokens added to the purchase, it’s a pretty good deal. Just use WISEGUY25, no spaces, all caps; good luck!
And the end of DAI
A day will never go by when Bitcoin doesn’t rock the headlines with a wave or cringe-inducing slump, and of course these waves of positivity or negativity will be felt across the markets. DAI and TRON have proven that they can have agency over the future; for Dogetti, the potential is endless.
For more information on Dogetti (DETI):
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