Crypto Market Hit By Shakeup
This week saw a big shakeup in the crypto market as stocks of several crypto-related businesses dropped in premarket trading following the crisis that has engulfed US-based crypto-friendly bank Silvergate Capital. The bank recently disclosed to the US Securities and Exchange Commission that it is re-evaluating its operations after the bankruptcy and collapse of FTX. It has also temporarily put on hold its cryptocurrency payments network.
The news of Silvergate’s struggles led to the global cryptocurrency market cap dropping from $1.07 trillion to $1.01 trillion and has since been trading in the same range. The market cap increased slightly overnight to $1.03 trillion, with 24-hour market volume at $32.87 billion, 11.74% more than the previous day.
The market disruption has had far-reaching effects, with multiple currencies trading in the red, including Hedera (HBAR) and Huobi Token (HT). However, there is a chance for investors to enter the market at a lower price point with Dogetti (DETI), which is close to the end of stage one of its presale.
Hedera, Bears Dominate Price Movement
Since early 2018, Hedera (HBAR) has been in a persistent downtrend. It hit a 30-day peak of $0.09839, but the bearish pressure has stopped any growth. Hedera’s trades are almost flat, with the currency down 7.93% in the last seven days, trading at $0.06392.
Hedera is the native cryptocurrency of the Hedera Hashgraph project, which seeks to offer an alternative to traditional blockchain technology.
Huobi Token – Big Hikes Followed By Big Drops
Huobi Token (HT), the native cryptocurrency of Huobi Global exchange, is a digital asset based on the Ethereum ERC-20 compliant blockchain that helps to reduce commissions when trading on the exchange.
Huobi Token has been in the red for the past month. It reached a peak of $6.85, before crashing to $5.16 the next day. Since then, HT’s value has remained in the same range and is currently trading at $4.96, with a weekly decline of 6.28%.
Dogetti – The Next Doge Is Here!
The launch of Dogetti (DETI) in February 2022 introduced a new meme coin that will be owned and controlled by the community, or the ‘Dogetti Family’. This token brings a unique approach to the meme coin space with its own ecosystem and tokenomics.
Stage one of DETI’s presale is now 94% complete, with $469891 in presale tokens raised. Stage two will begin once 500,000 tokens are sold, and the meme coin will be launched on the market after five presale rounds. Holders can take advantage of the bonus code ‘WISEGUY25’ during these stages and receive 25% additional DETI tokens when the coin is launched on the market.
The most interesting thing about Dogetti is its DogettiNFTs, digital assets that users can collect, adopt, and trade. DogettiSwap allows users to trade any ERC-20 token with a 6% transaction fee, with 2% of the proceeds going to 2% to the liquidity or burn wallets and 2% to a charity wallet. DogettiDAO gives holders the power to shape the project’s direction and earn rewards for their participation.
At the time of writing, each DETI token is worth $0.00007. This is expected to rise by 300% to $0.00029 in stage two, and by 900% to $0.0007 in stage five. Investing in DETI tokens at the presale stages will guarantee a large return when the coin goes live on the markets.
Find Find out more about Dogetti (DETI):
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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