While many may have initially been under the impression that cryptocurrency was merely a trend among a handful of people when it was created in 2009, it has since transformed and revolutionized the financial trading system.Cryptocurrency’s exponential growth has prompted several governments to absorb the medium into their financial system, while many others are in the process of drafting legislation into the possibilities of doing so.As serious as cryptocurrency may sound, there are currencies that are defined as meme coins that operate with a lighter concept of a digital currency.Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media that are mainly community-driven and can gain popularity overnight due to online community endorsements.Meme coins saw their growth boom in 2021 with household meme coins Dogecoin (DOGE) and Shiba Inu (SHIB), while the latest meme token Dogetti (DETI), is adding to the meme coin hype in 2023.Dogecoin (DOGE), A Multi-Billion Dollar Joke The first ever meme coin to have been created and done so in 2013, Dogecoin (DOGE), was launched as a parody based on the popular “doge” Internet meme that features a Shiba Inu dog as its logo.Dogecoin, which is an open-source digital currency, is primarily used as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content.
But what began as a joke is now worth billions.
In 2020, Dogecoin was estimated to be worth $75 billion and, at the time of writing, held a market capitalization of $11.4 billion.Shiba Inu (SHIB), Doge Rivalry At Its Best Considered a rival for Dogecoin, Shiba Inu (SHIB) calls itself the “DOGECOIN KILLER” and was created in 2020.The meme token has since gained speed and value due to the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk, similar to DOGE.According to Shiba Inu’s creator, who remains anonymous and goes under the pseudonym “Ryoshi,” the end goal is that SHIB becomes a global stable currency “that plebs across all countries can use as both a store of value and method of payment.” Dogetti (DETI): The New Doge In Crypto Town The Dogetti (DETI) project is based on the Ethereum blockchain network with the concept of creating a strong and united community of holders that will be rewarded regularly.But unlike many “community-owned” meme tokens operating in the cryptocurrency market, Dogetti prefers to be identified as “a family” where members can feel valued, respected, and heard.Dogetti is an ERC20 token built on the Ethereum Network, which is fully decentralized and community-driven, with no centralized ownership.Through the Ethereum blockchain, Dogetti assures that its customers or family members will benefit from features like interoperability, high liquidity, scalability, and smart contract compatibility.In its whitepaper, Dogetti prides itself on the values of transparency, trust, and longevity.
Dogetti’s ecosystem consists of DogettiSwap, Dogetti NFTs, and DogettiDAO.DogettiSwap is a decentralized exchange (DEX) where users can swap any ERC-20 token in just seconds without the need for a central authority.
Through the liquidity pool system it employs, DogettiSwap offers trading fees lower than on other exchanges.Users will also be supporting several charities through trading using DogettiSwap.
Dogetti NFTs are unique digital assets that are built on the blockchain that will allow users to adopt their Dogetti puppy, which can be used as a digital companion.DogettiDAO is a powerful tool that allows the DETI family members to propose and vote on proposals for the development and direction of the project.Find out more about Dogetti (DETI): Presale: https://dogetti.io/how-to-buy Website: https://dogetti.io/ Telegram: https://t.me/Dogetti The post Dogetti, Dogecoin & Shiba Inu: Giving New Breath Of Life To Meme Coins In 2023 appeared first on Analytics Insight.After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge.
The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to date.Ethereum’s Negative Annual Issuance and Unlocked Ether in March Could Shift Equilibrium Statistics from the analytics website ultrasound.money show that the Ethereum network is deflationary these days.More than 1.023 million ether is removed from circulation annually, according to metrics following the London hard fork’s implementation of EIP-1559.Since the transition from proof-of-work (PoW) to proof-of-stake (PoS) known as The Merge, the current annual issuance rate is negative 0.057% or -29,797 ether.The data shows that more ethereum (ETH) is currently being removed from circulation than is being issued.If Ethereum were still using PoW, the issuance rate would increase by about 3.49% annually.As of 10:30 a.m.(ET) on Feb.
20, 2023, data indicates that 1,823,678 ethereum tokens would have been added to the number of coins in circulation under PoW consensus.As of 10:55 a.m.(ET) on the same day, approximately 120,491,331 ethereum (ETH) tokens are in circulation.
At that same time, 16,763,815 ether is locked into the Beacon chain contract, and when the Shanghai update occurs in March, many of those coins could be released from their locked state.The locked ether represents $28.61 billion of the second-largest cryptocurrency’s $205.77 billion market valuation, or 13.91% of the circulating supply and market value.According to statistics from ultrasound.money, Ethereum’s current annual issuance rewards are 4.1%, and the burn rate for non-stakers is 1.8% per year.Tags in this story Altcoins, Annual Issuance Rate, Beacon Chain, Blockchain, Burn Rate, Change, circulating supply, crypto assets, Cryptocurrency, Cryptography, Decentralized, deflation, deflationary, EIP-1559, ETH issuance rate, Ethereum, future, inflation, inflation rate, issuance, issuance rate, Locked Ether, London Hard Fork, Market Valuation, merge, metrics, Non-Stakers, PoS, PoW, Proof of Work, Proof-of-Stake, Rewards, Shanghai Update, Smart Contracts, The Merge, Tokens, Ultra Sound Money, ultrasound money What do you think the future holds for Ethereum’s issuance rate and circulating supply as the network continues to transition to proof-of-stake and implement updates like the upcoming Shanghai update? Share your thoughts in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.
Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: ultrasound.money Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Altcoin Development Helium Network Migration To Solana Blockchain In March Drives Significant Gains For SOL And HNT Tokens Over the past seven days, the crypto asset solana has increased more than 23% against the U.S.
dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27.Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback.Core Helium Devs Reveal Network Migration Date to Move to Solana The Helium Network, a chain dedicated to the internet of things (IoT), plans to migrate with the Solana blockchain network, according to a blog post published by the core devs.The Helium Foundation has scheduled a migration date after “months of meticulous planning and technical development,” according to the post.The Helium team said the upgrade will take place on March 27, 2023, at 10 a.m.ET.
Helium developers say the upgrade will take place over a 24-hour transition and will affect all the network’s wallets, hotspots, and the network state.“The completion of the migration marks a new era for the Helium Network, enabling it to achieve greater scale and truly become a network of networks,” the blog post said.“The Helium community has onboarded nearly 1 million hotspots, and commercial demand for the network is becoming a larger focus.” Both Solana (SOL) and Helium (HNT) tokens have seen a significant rise over the past week, with HNT leading the way.SOL has increased by 8.5% in the last 24 hours and 23% in the last seven days.On Feb.20, 2023, HNT was up 7.3%, and during the past week, it climbed 25% higher.
While SOL is the 12th-largest blockchain network in terms of market valuation, HNT was in the 117th position on Monday.According to the Helium team, after the approval of HIP 70, core programmers have been developing programs for the Solana network, such as new “governance tools on Realms,” the implementation of PoC Oracles, the establishment of “Open LNS and Data Transfer Accounting Oracles,” and loading the Helium account state data to the Solana Devnet.Core developers from Helium further explained that a majority of HNT token holders and hotspot owners will “not need to take any action to participate in the upgrade.” Tags in this story Altcoin Development, Altcoins, Blockchain, Blockchain network, blockchain technology, commercial demand, Core Developers, crypto assets, Cryptocurrency, cryptocurrency market, Data Transfer Accounting Oracles, Digital Currency, digital wallets, Finance, Governance, Helium Network, hotspots, Internet of Things, investment, IoT, LNS, Market Valuation, Migration, network of networks, network scalability, network transition, network upgrade, PoC Oracles, Solana, technical development, Token, token holders What are your thoughts on the Helium Network’s migration to the Solana blockchain? Let us know what you think about this subject in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.
Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Cryptocurrency Polkadot (DOT) And Ripple (XRP) See Price Rally While Orbeon Protocol (ORBN) Prepares For 6000% Gains Polkadot (DOT) rallies due to its growing ecosystem and Ripple (XRP) may win the prevailing court case soon while Orbeon Protocol (ORBN) continues in its upward trajectory, aiming for 6000% gains.
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