According to current cryptocurrency news, the market has formally entered a crypto winter as a result of the FTX cryptocurrency exchange’s collapse and bankruptcy filing. While 2022 has not been a wonderful year for the cryptocurrency sector, this incident has eliminated all optimism that the year will conclude steadily. Having said that, it appears as though the new year might aid in the recovery of this crypto winter, particularly with Ethereum (ETH) and Dogeliens (DOGET).
The Biggest Blockchain Is Ethereum (ETH)
The biggest blockchain currently available is Ethereum, and ETH is the second-largest cryptocurrency. Since its 2015 launch, Ethereum has experienced tremendous success, and it appears that Ethereum might be able to assist the crypto market in overcoming this current crypto winter.
When the controversial merge occurred in September 2022, Ethereum accomplished an important goal. The long-awaited Ethereum merger allowed Ethereum to become a far more sustainable and scalable cryptocurrency project by drastically reducing its energy usage, which had been anticipated by many. One of the main problems that cryptocurrencies face as a result of mining is energy usage. Ethereum has so dispelled any lingering doubts about the viability of cryptocurrencies as a result of this problem and demonstrated that there is a solution.
As a result of this happening during the crypto winter, Ethereum has raised the bar for itself. Users now have reason to believe that Ethereum will experience larger and better things in the upcoming year as the market may rebound.
Dogeliens, The New Crypto (DOGET)
A new cryptocurrency initiative called Dogeliens is scheduled to debut in 2023. Dogeliens differentiates apart from other cryptocurrencies despite being a joke coin since it examines a wide range of market segments. For instance, the majority of meme coins are pretty simple and do not provide any value. They instead concentrate on creating a community of internet users. However, Dogeliens takes a different approach to its community.
First off, Dogeliens guarantees an entirely decentralized platform with an open-source architecture. DeFi appears to be the direction that finance is headed, thus Dogeliens wants to stay around for the long haul and develop a product that can dominate the market while giving people complete financial control. As NFTs have grown incredibly popular among cryptocurrency users in recent years, Dogeliens also plans to release NFTs. In a similar vein, Dogeliens have embraced the metaverse and are providing users with new games and crypto-related instructional materials.
The ultimate purpose of Dogeliens is to develop a pleasant platform that various user types may use and enjoy, as well as to assist society in embracing cryptocurrencies in general. As a result, those who want to learn more about cryptocurrency will find its instructional platform highly helpful. Why not spread awareness about cryptocurrencies as it appears to be the direction of money in the future?
It appears that Dogeliens, which is scheduled to launch in 2023, will become a significant market leader and assist in the market’s recovery from this severe crypto winter. It is advised that you conduct more study before buying anything related to cryptocurrencies.