Friday, 12 April 2024

Crypto News

Should you start buying BTC-related projects?

Bitcoin Cash, Stacks rally as BTC breaks $57k; KangaMoon eyes breakout presale

Key takeaways

Bitcoin eyes its all-time high price of $69k

The crypto market was bullish this week, adding 20% to its value in the last seven days as it raced to the $64k level. Thanks to this week’s rally, BTC is now closing in on its all-time high price of $6k

At press time, the price of Bitcoin stands at $61,911, down by 1% in the last 24 hours. If BTC continues its rally, it could set a new all-time high price in the coming days or weeks. 

The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $65k if the bulls remain in control. 

What is Bitcoin Dogs?

Bitcoin Dogs could be one of the biggest beneficiaries as BTC continues to rally towards its all-time high price. It is a unique project that is launching on the Bitcoin blockchain. 

Bitcoin Dogs will leverage the Bitcoin blockchain’s power to provide utility to its users. It is the first BRC-20 token ICO on the Bitcoin network.

The development team believe that Bitcoin Dogs will offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. 

Bitcoin Dog’s ICO is in full swing and comes barely a few weeks after the launch of spot Bitcoin ETFs in the US. The spot Bitcoin ETFs launched by BlackRock, Fidelity, and others are raking in record numbers and this has helped BTC to rally by more than 20% in the last seven days. 

In addition to that, the Bitcoin halving event is less than 50 days away and could lead to another massive rally by BTC. All these contribute to the special nature of Bitcoin Dogs’ ICO in the market. 

Bitcoin Dogs is setting a new trend by introducing its $0DOG token as BRC-20. With the right level of adoption, Bitcoin Dogs could set the trend that would allow the Bitcoin blockchain to compete with Ethereum and BNBChain in terms of ICOs. 

Bitcoin Dogs presale surpasses $6 million

The Bitcoin Dogs presale is less than a month old and has already raised more than $5 million. Thus, indicating rising interest amongst investors for this project and its token. 

The team will only mint 900 million $0DOG tokens. In addition to that, investors would be granted access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi.

The team revealed…

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