Despite Silvergate bringing chaos to the crypto market, digital assets are here to stay. Legal experts in the UAE support the Virtual Asset Regulatory Authority with the goal of giving structure to the UAE’s crypto market. This is good news for Dogetti (DETI), XRP (XRP), and UNUS SED LEO (LEO).
UAE Legal Experts Issue Analysis Report on Crypto Regulations
Lawyers in the UAE issued a report titled “Virtual Assets Regulatory Framework: An Evolving Landscape” where the MENA region was called the fastest-growing crypto market in the world.
In 2022, Chainanalysis’ report showed that MENA users received $566 billion in cryptocurrency from July 2021 to June 2022, which was a 48% increase compared to the $272 billion crypto value users acquired from the previous year.
In the previous years, a lot of positive regulatory developments for digital assets expanded, causing the UAE to firmly establish its stance of friendly jurisdiction on virtual assets.
Dogetti Presale Roars; Stage 2 Has Begun!
Dogetti is a dog-themed token that has made a name for itself in the crypto space. Although relatively new to the market, the token has been showing signs of success, especially in its presale.
The coin’s Presale Stage 1 has finally ended, ushering in the next phase. Currently, the project has sold 7 billion DETI tokens and has raised over $500,000.
Its mascot named Don Eloni—a dog donning a mafia suit and smoking cigars—is inviting investors to join the Dogetti family early in the game. Don Eloni plans to make a revolutionary meme coin that would climb the crypto ladder.
One of the biggest factors that contribute to its success is its tight-knit family that backs the project. The token will be fully owned and controlled by the community, with the goal of making every single family member generate wealth in the DeFi (decentralized finance) ecosystem while creating a sense of belonging in the community.
XRP Price Jumps Up, Leaves Other Altcoins in the Dust
While all the other altcoins dip, XRP’s price jumps up by 6.01 in the first week of March, decoupling itself from the effect of Bitcoin’s (BTC) price on the crypto market. It is clear that the digital asset is recovering over the past week.
Many XRP holders and supporters seem to be on a buying rampage at the beginning of the month, which might be caused by the lawsuit against Ripple Labs Inc.
The buying interest in XRP might also have increased due to its growing utility as a payment token in various jurisdictions. Ripple has been partnering with various companies and payment start-ups worldwide, which has made a positive impact on the token long-term.
UNUS SED LEO Climbs Up While Other Coins Go Down
Another coin that’s garnering the attention of crypto traders is UNUS SED LEO. On March 9th, the token’s price increased by 1.42% in the past seven days.
Despite the market’s downtrend, LEO’s price is still 317.77% higher than its three-year ATL (all-time low) of $0.799859 on December 24, 2019. However, the coin is 58.93% lower than its ATH (all-time high) of $8.14 on February 8, 2022.
According to CoinGecko’s collected data, there was a rise of 107.50% in LEO’s trading volume, which is one reason for the price increase. Moreover, it also showed a 1.85% increase in its market volume due to an increase in investor activities. It might imply that a lot of LEO holders feel good about the digital asset and are bullishly buying assets.
Better days are coming; the crypto industry can make its comeback, especially with the UAE embracing crypto rules. If you want to take a break from market volatility and invest long-term instead, you might want to check out Dogetti. Visit them on their website or visit them on social media.
Dogetti (DETI):
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_