Crypto 101: The Complete Basics with Dogetti, Dogecoin and Shiba Inu | Atalayar
What is cryptocurrency?
In a nutshell, Cryptocurrency is digital money. It does not require a central authority, such as a bank, and is powered entirely by blockchain technology. What is blockchain technology? Blockchains are decentralized (DeFi) digital ledgers that facilitate and record transactions of crypto-assets, such as coins, tokens and NTFs.
This technology can replace central authority because their recordings are almost impossible to disrupt with which all systematic changes are then replicated on every computer that uses them. This would require hackers to change the numbers simultaneously on every computer running it. In Bitcoin’s case, this accounts for over 3,800,000 computers!
Most cryptos are designed for a specific purpose. For example, Bitcoin (BTC) was created to provide a decentralized form of payment. The enablement of DeFi finance is also the main reason why crypto became so popular in the first place. A few more examples include other coins such as Solana (SOL) and Cardano (ADA) which were designed to offer a faster and cheaper alternative to BTC’s technology.
Everything you need to know about Meme Coins
Meme coins serve a rather unique and interesting purpose for crypto and are powered by the same force that created internet communities and meme culture. They are often characterized by a tight online community and a cute or funny animal mascot. Two perfect examples of this are the well-known dog-themed tokens Dogecoin (DOGE) and Shiba Inu (SHIB), which are also the two most popular meme coins on the market right now. Both have an adorable Shiba Inu dog as the face of the coin and are supported by a lot of followers on social media.
The meme coin trend was actually conceptualized in a subreddit forum, WallStreetBets, and had nothing to do with crypto. In early 2020, WallStreetBets got a large community that agreed to invest in GameStop, a movie theater chain, AMC and some other companies to raise prices and therefore make a significant profit. Their plan was successful, with many investors reaping the benefits of 100x returns. Later that year, DOGE, the OG meme coin, rose to crypto-fame when another Reddit group started making jokes about buying the silly-looking token enough to imitate the WallStreetBets events, thus following the same path to success.
How much can a single cryptocurrency offer?
Cryptos can certainly spread their wings and offer more forms of value, and the new meme coin, Dogetti (DETI), is a good example of this. Dogetti is a brand new crypto asset and is therefore currently in its ICO (initial coin offering) or pre-sale, which is where tokens are sold at a low price to raise money before the launch.. DETI has just entered phase two of its presale, which is an exciting next step for the rapidly growing token community.
Cryptoanalysts believe Dogetti’s rapid rise to popularity stems from offering a diverse selection of cryptocurrencies. The aforementioned meme coins, DOGE and SHIB, became successful through their strong and close online communities. Not only does DETI offer this as well, but it’s actually their main focus to the extent that the team created the token’s entire branding around it. The meme coin’s mascot is a group of dogs disguised as the mob, which is meant to express the token’s family meaning, which is also why they refer to their community as “The Family”. In addition, DETI also plans to offer an incredible selection of crypto tools through their site swap, DogettiSwap and NFT collection! If you’re new to crypto and interested in getting in on the next big coin while it’s still cheap, analysts have predicted a bright future for DETI for legitimate reasons, making it a fantastic option.
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