Fantom (FTM), Hedera (HBAR), and Dogetti (DETI), there are three new cryptos that have generated interest for different reasons.
2022 was a difficult year in the crypto market but 2023 is so far serving up more promise for many coins. As always, one of the exciting trends in the crypto market is to assess which are the new cryptos to be looking out for. This is not always straightforward as predicting how the crypto market will turn out is like trying to predict the English weather. But in Fantom (FTM), Hedera (HBAR), and Dogetti (DETI), there are three new cryptos that have generated interest for different reasons.
Let’s have a look at them and see what the rest of the year could look like for them.
Hedera Is Set To Release Over 3 Billion HBAR Tokens Into The Market
One of the new cryptos which will experience exciting changes this year is Hedera. It currently sits in the top fifty of cryptos on the CoinMarketCap rankings, with a market cap of around $1.8m. The Hedera network is set to unlock 6.28% of its entire supply on the 1st of March, which means over 3 billion HBAR tokens will enter the market.
Historically, tokens being unlocked has tended to trigger a fall in the price of a cryptocurrency as a situation arises where there are more sellers than buyers. But there is a possibility of such selling pressures not applying as much to Hedera as the crypto has experienced token unlocks previously, meaning it’s unlikely to suffer a dramatic price plunge.
Fantom Could Experience A Bull Run This Year According To Expert – But There’s A Hook
According to cryptocurrency expert Michael van de Poppe, one of the new cryptos to keep an eye out this year for is Fantom (FTX). An analysis that he recently released suggests that FTM’s price could enjoy a bullish run but there’s a catch. With the token undergoing a routine standard correction if the overall crypto market declines this could trigger a further drop in value for FTM tokens. He asserted that levels of $0.36 and $0.40 were significant opportunities for investors should the value of the crypto drop.
Dogetti Is Poised To Be The Latest Meme Coin Sensation
The meme coin field is never too far from the attention of crypto enthusiasts. It has added a lot of fun and colour to an otherwise interesting, but grey, industry. The latest meme coin generating buzz is Dogetti. Crypto experts have predicted it as one of the new cryptos to keep an eye out for in 2023. Currently, it is in its presale phase, closing out a successful Stage 1 where there’s an offer of a 900% increase on purchases of DETI tokens for buyers.
Dogetti has sucked in attention for its colourful imitation of a mafia family, one where every member holding a DETI token is treated as a blood relative of the puppy gang. The concept of sharing between family members is embodied in its ecosystem, made up of three important features: DogettiSwap, Dogetti NFTs, and DogettiDAO. There is a 6% transaction cost on DogettiSwap, where users can trade any ERC-20 token. Of this cost, 2% is allocated to a liquidity pool, a further 2% is given to charity, and the remaining 2% is distributed across Dogetti wallets. DogettiDAO, meanwhile, allows anyone who is a part of the Dogetti Family to vote and decide on the future of the crypto canine crew.
As far as new cryptos go, Dogetti is one of the hottest cryptocurrencies emerging in 2023. For more on it, see: Presale, Website, Telegram, Twitter.
