Crypto Thawing: Bitcoin and Ethereum Heat Up, Dogetti in Line for Success | Atalayar

by James · March 2, 2023

The crash of the FTX market in 2021-2022 saw the decline of many high-profile cryptocurrencies, including Bitcoin and Ethereum. Their values fell during this period and the confidence of many investors was shattered. Into the new year, it seems as if the thaw has begun. In addition, Dogetti is entering the market and seems poised for success.

The crypto winter led to a famine in the cryptocurrency market. Investors lost significant amounts of money and the value of many popular coins fell. But all was not lost, as the gloomy outlook led to a time when the coins could really test their resilience.

Table of Contents

Bitcoin: Persistence and Survival

Bitcoin has been in circulation for more than a decade and is the pioneer of cryptocurrency, gaining a steady following as the top-ranked coin on the market. The main reason for the crash of bitcoin was the rising inflation rates during the pandemic which caused people to flood into the digital landscape and start selling their digital assets.

During the crypto winter, Bitcoin fell 67% and was at an all-time low in 2022, valued at $19,578 per coin compared to its performance in November 2021 when it was valued at $64,912 per coin.

Since the crash, the coin has started to find stability and remains at the top of the market valued at $23,408 per coin, and is set to recover in the second half of 2023, to a value of $30,000.

Ethereum: Change and Recovery

Ethereum has proven its toughness time and time again, which is how it has stayed at the number 2 spot all this time. Before the crypto winter, Ethereum was valued at an all-time high of $4,444.53 per coin in November 2021. When winter hit, the coin dropped drastically to $1,098.91 in June 2022.

After the crypto winter, the platform released Ethereum Merge, which has reduced the energy consumption of the blockchain by 99%. This update has converted the platform from a proof-of-work mechanism to a proof-of-stake mechanism and has been very beneficial for them.

Since the upgrade, Ethereum has improved by a whopping 85%. Before the merger, Ether took market share from Bitcoin and now makes up about a fifth of the $1 trillion market. In addition, Merge aims to attract more investment from environmentally conscious investors.

Currently trading at $1,640 per coin, its value is predicted to rise to $2,493 by the third quarter of 2023.

Dogetti: A creative spring

One of the most creative cryptocurrency creations is Dogetti. The mafia-themed meme coin is community-driven and “family-focused”. Although still in the first phase of pre-sales, the platform has raised over $100,000 of its $500,000 goal.

The speed with which it is growing is primarily due to the unique promises of the platform, which are transparency, trust and security. It is solidly built in its sense of community in two ways; First, it gives investors a chance to own NFTs that they can breed, grow and sell at a later date in return for crypto or fiat, and second, it allows users to participate and earn rewards by leading the project.

The platform also offers investors a new and interesting perspective on crypto, as previously done by Dogecoin and Shiba Inu. It creates a space where investors can monetize and use their features, getting the most out of their investment.

Last thought

The crypto market broke the trust and confidence of many investors, most of whom lost their entire savings. Now, with the thaw in sight, the stablecoins look promising for an increase in their value, and with Dogetti soon to enter the market, it seems that crypto will return to its former glory, giving investors another chance to profit good and success.