Crypto News
The cryptocurrency industry was hit with new blows this week as shares of several cryptocurrency-related companies fell in premarket trading as the crisis surrounding US-based crypto-friendly bank Silvergate Capital deepened. The bank, which days ago announced to the US Securities and Exchange Commission that it is reconsidering its operations as a business following the crash and bankruptcy of FTX, suspended its crypto payments network.
Silvergate’s announcement sent the global crypto market cap crashing from $1.07 trillion to $1.01 trillion, and it has traded flat since. The global market cap has shown a slight rise of 0.44% overnight to $1.03 trillion, with a 24-hour market volume of $32.87 billion, an 11.74% increase from the previous day.
The market disruption spread across the board, causing several currencies to trade in red, including Hedera (HBAR) and Huobi Token (HT). A downward market, however, is a timely opportunity for new entries like Dogetti (DETI), which in presale, can gain the capital to launch itself as a dominant token in the market.
Hedera, Bears in Control of Price Movement
Hedera (HBAR) had seen its price on a continuous downward movement since early February, when it posted a 30-day high of $0.09839. Heavy resistance by bears against any bullish movement has ensured that Hedera trades below a flat line and has spiraled HBAR to trade at $0.06392, indicating a 7-day downward movement of 9.93%.
Hedera is the native cryptocurrency of Hedera Hashgraph, which is designed to be a fairer, more efficient system that is positioned as an alternative to traditional blockchain technology and aims to excel in speed, efficiency, and security.
Huobi Token – Sharp Hikes, Steeper Lows
Huobi Token (HT) is the native cryptocurrency of the popular exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant, with a key function of reducing commissions for trading operations on the exchange.
Huobi Token has been persistently trading in red during the past 30 days, peaking just once at $6.85 from $5.16 and immediately crashing to $5.20 a day later. HT’s price has remained flat ever since and trades at $4.96 at the time of writing, with a weekly decline of 6.28%.
Dogetti – The New Doge is Here!
Launched in February 2022, Dogetti (DETI) is a revolutionary meme coin that will be owned and controlled by the community or the ‘Dogetti Family” with a unique approach to the meme coin space with its ecosystem and tokenomics.
The doge-based meme token is in stage 1 of its presale and is 94% through the stage. Dogetti has now raised $469,891 in presale tokens and will soon advance to stage 2 when it reaches $500,000. The meme token will go live on the crypto market after five presale stages, during which holders can use the bonus code ‘WISEGUY25’ to receive an additional 25% DETI tokens when the meme token goes live on the market.
Dogetti’s ecosystem has its most unique feature; DogettiNFTs, a collectible digital asset that users can adopt as their very own Dogetti puppy to be used as a digital companion to breed, grow and sell other Dogetti NFTs in exchange for fiat or crypto. DETI users can use DogettiSwap to swap any ERC-20 token with a 6% transaction fee. 2% will be redistributed among all Dogetti token holders, 2% will be added to a charity wallet, and 2% will be split between the liquidity and burn wallets. DogettiDAO essentially hands over power to the DETI family as they can gain the authority to shape the project’s direction and earn rewards for their participation.
A DETI token which is currently worth $0.00007, will surge by 300% in stage 2 to $0.00029 and by 900% to $0.0007 in stage 5 when the currency goes live on the market. A DETI investment now in the early presale stages would ensure a massive return at the launch.
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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