Bitcoin has suffered significant losses over the past few months, falling roughly 70% between November 2021 and mid-June. From its 52-week low, Bitcoin has gained some ground and is trading at about $20,400. Experts predict that the coin will reach $75,000 by the end of 2022.
On the Ethereum Network, a vast ecosystem of projects, tokens, and dapps have been developed. Therefore, even if in a setback, it still has the backing of 100's of users close to the community who will try to keep the network active. With an ATH of $3500 in 2021, ETH will soon pull through the storm of crypto winter.
USDT was introduced in 2017 by Tether Ltd, which is based in Hong Kong. Tether aims to provide an alternative to fiat currency by using blockchain technology, allowing them to create a digital currency with no volatility. To maintain stability, USDT primarily balances another cryptocurrency through pair exchanging.
As the first third-generation cryptocurrency, ADA claims to address scaling and infrastructure issues that were first experienced by both ethereum, a second-generation cryptocurrency that expanded the use cases for coins to include smart contracts, and bitcoin, a first-generation cryptocurrency that introduced the concept of digital coins.
The community around Dogecoin has evolved rapidly over the years, with many people now using it as an alternative to major coins such as Bitcoin or Litecoin. Dogecoin’s slogan is “to the moon!” which reflects its goal of reaching a $1 billion market cap by 2021. The community is HODLing and is sure that this isn’t the end for DOGE.