What is cryptocurrency?
In a nutshell Cryptocurrencies are digital money.Fully powered by blockchain technology without the need for a central institution such as a bankWhat is blockchain technology? Blockchain is a decentralized (DeFi) digital ledger that facilitates and records transactions of crypto assets such as coins, tokens and NTFs.
This technology can replace central institutions as it is almost impossible to interfere with their records Systematic changes are mimicked on all computers that use them. This would require the hacker to change the number on every computer running it at the same time. For Bitcoin, this equates to over 3,800,000 of his computers!
Most ciphers are designed for a specific purpose. For example, Bitcoin (BTC) was created to provide a decentralized payment method. Enabling DeFi finance is also the main reason crypto became so popular in the first place. A few more examples include other coins designed to offer faster and cheaper alternatives to BTC technology, such as Solana (SOL) and Cardano (ADA).
Everything You Need To Know About Meme Coins
Meme coins serve a very unique and interesting purpose for cryptography and are driven by the same forces that created the internet community and meme culture. They are often characterized by tight-knit net communities and cute and funny animal mascots.Two perfect examples of this are the famous dog-themed tokens Dogecoin (DOGE) and Shiba Inu (SHIB), which are also the two most popular meme coins on the market today. Both feature an adorable Shiba Inu as the coin’s face and are supported by massive social media followers.
The meme coin trend was actually conceptualized on the subreddit forum WallStreetBets and has nothing to do with cryptocurrencies.In early 2020, WallStreetBets acquired a large community and agreed to invest in GameStop, movie theater chains, AMC, and several other companies to drive prices skyrocket and make big profits. Their plan was a success, and many investors enjoyed profits 100 times his. Later that year, when another of his Reddit groups began joking about buying tokens that looked ridiculous enough to mimic the WallStreetBets event, the OG Meme coin, DOGE, was a virtual currency. and followed the same path to success.
How much can a single cryptocurrency offer?
Cryptocurrencies can absolutely spread their wings and offer multiple forms of value. A new meme coin, Dogetti (DETI), is a good example of this. As Dogetti is a brand new crypto asset, it is currently undergoing an ICO (Initial Coin Offering) or pre-sale to raise funds by selling tokens at a low price prior to launch.DETI has entered Stage 2 of the presale. This is an exciting next step for the burgeoning token community.
crypto analysts believe Dogetti’s rapid rise in popularity is due to its offering of diverse cryptocurrency values.The aforementioned meme coins DOGE and SHIB have achieved success through strong and close-knit communities. Not only does DETI provide this, he is actually the main focus of DETI in that the team created the overall branding for the token. The Meme Coin mascot is a group of dogs disguised as a mob, intended to represent the importance of the token’s family. This is also why we call the community “family”. Additionally, DETI plans to offer an incredible number of cryptocurrency utilities through Site Swaps, DogettiSwap, and NFT collections! Get into the next big coin while you’re new to cryptocurrency and it’s still cheap If you’re into that, analysts are predicting a bright future for DETI for good reason, and it’s a great option.
Click the link below for more information on Dogetti!