bitcoinlfg

Author: BTCLFGTEAM

  • Bitcoin Dogs (0DOG) and SUN token price prediction amid bullish market sentiments

    Bitcoin Dogs (0DOG) and SUN token price prediction amid bullish market sentiments

    • Bitcoin Dogs (0DOG) surged by over 2.7x on debut, now stabilized around $0.03.
    • Sun Token (SUN) has risen by over 127% to a high of $0.02568, driven by positive Tron ecosystem developments.
    • Both 0DOG and SUN are poised for growth, with bullish trends and strong fundamentals.

    As the cryptocurrency landscape evolves, certain tokens are making significant waves, capturing the attention of investors and analysts alike. Bitcoin Dogs (0DOG) and Sun token (SUN) are two notable examples, each experiencing substantial growth amid a bullish market.

    This article delves into the recent performance of these tokens and offers insights into their future trajectories, reflecting the broader bullish sentiment in the crypto space.

    Bitcoin Dogs (0DOG) pump after listing, can it maintain the momentum?

    Bitcoin Dogs ($0DOG), the world’s first ICO on the Bitcoin BRC20 token, has made a remarkable entrance into the cryptocurrency market. The $0DOG token has been listed on three major exchanges: MEXC, Gate, and UniSat, and its debut was nothing short of spectacular.

    On its first trading day, according to Gate.io data, $0DOG experienced an impressive surge, climbing over 2.7x to reach $0.12270 before stabilizing around $0.043 before the end of the day.

    Bitcoin Dogs (0DOG) price chart

    Although the token price has since dropped to around $0.03025 at press time, the initial pump highlighted the strong market demand and the robust technical support that 0DOG enjoys.

    The success of 0DOG’s launch can be attributed to a combination of factors, including the anticipation built during its presale phase, which raised $13.4 million.

    The token’s performance reflects investor enthusiasm and confidence in its potential. Despite some early profit-taking, $0DOG has stabilised around its launch price, establishing firm support. This resilience suggests that the token has a strong buyer base, similar to other successful meme coins like PEPE, which saw significant long-term gains despite initial volatility.

    Looking ahead, the outlook for Bitcoin Dogs appears promising. Analysts are optimistic about 0DOG’s potential to capitalize on the anticipated bullish trends in Bitcoin’s price action. With Bitcoin’s price expected to surge in Q4, 0DOG is well-positioned to benefit from the broader cryptocurrency market’s growth.

    Additionally, the integration of Bitcoin Dogs into the Telegram gaming sector, with its unique blend of Tamagotchi-style gameplay and PvP battles, is set to attract a significant user base, further enhancing the token’s growth prospects.

    The upcoming developments, including staking opportunities, NFT collections, and game beta releases, will likely drive additional interest and investment in 0DOG.

    SUN token future outlook amid bullish market sentiment

    Sun token, the native token of SUN.io platform has also been making headlines with its recent price movements. The SUN.io platform is TRON’s first one-stop platform that supports stablecoin swap, token mining and self-governance.

    Over the past seven days, SUN token price has seen a dramatic increase, rising over 127% to a high of $0.02568, its highest level since 2022.

    This rally pushed its market cap to over $182 million and represented a 143% increase from its lowest point earlier in the month. The token’s impressive performance is a testament to the growth of the Sun ecosystem as the broader Tron ecosystem sees spontaneous growth buoyed by positive developments such as the launch of the SunPump platform.

    The SunPump platform, which has already accumulated over $1.5 million in assets, is driving increased interest in SUN. The platform’s success in generating new meme coins and its comparison to Pump.fun, a notable meme coin generator, underscores its potential impact on SUN’s value.

    In addition to the SunPump platform’s success, the broader Tron ecosystem has also contributed to SUN’s positive trajectory. The Tron blockchain has demonstrated substantial growth, with over 2.36 million active addresses and a market cap of over $59.54 billion for stablecoins. The ecosystem’s expansion enhances the overall value proposition of SUN.

    Looking forward, SUN’s future prospects are closely tied to the continued success of the SunPump platform and the overall growth of the Tron ecosystem.

    As a majority of Tron-based tokens continue to experience bullish sentiments, SUN is well-positioned to capitalize on these trends, potentially reaching new heights. With the recent upgrade to its contract and ongoing ecosystem developments, SUN’s upward momentum is expected to continue, making it a token to watch in the coming months.

    Conclusion

    Both Bitcoin Dogs (0DOG) and Sun (SUN) are poised for significant growth, driven by bullish market sentiments and strong underlying fundamentals.

    As these tokens navigate their respective trajectories, they offer promising opportunities for investors looking to capitalize on the evolving cryptocurrency landscape.

    If interested in Bitcoin Dogs (0DOG) it is currently available on MEXC, Gate, and UniSat. You could also visit the official Bitcoin Dogs website to learn more about the cryptocurrency.

    Share this article
    Categories
    Tags

    Source link

  • Babylon Bitcoin staking drives BTC fees higher as mainnet launches

    Babylon Bitcoin staking drives BTC fees higher as mainnet launches

    Babylon Bitcoin staking drives BTC fees higher as mainnet launches
    • Babylon’s Bitcoin staking launch on August 22 drove transaction fees to $132-$137.
    • Over 12,700 stakers quickly filled the “locking-only phase” of Babylon’s program.
    • Babylon raised $70M in May 2024, following an $18M Series A in December 2023.

    On August 22, Babylon, a pioneering Bitcoin staking system, marked a significant milestone with the launch of the first phase of its self-custodial mainnet.

    The self-custodial mainnet allows Bitcoin (BTC) to be staked via smart contracts, extending its utility beyond its traditional roles as a medium of trade and a store of wealth.

    Bitcoin transaction fees rise from under $1 to $137

    The debut of Babylon’s staking program led to a notable surge in Bitcoin transaction fees. Early on August 22, the average fee was under $1, but it skyrocketed to between $132 and $137 as the staking system went live.

    This dramatic increase was driven by a rush of users eager to participate, resulting in a fee bidding war and pushing transaction costs close to $140, according to CryptoQuant analyst J.A. Maartun.

    Babylon introducing Bitcoin into a PoS ecosystem

    Babylon’s initiative aims to introduce Bitcoin into a proof-of-stake (PoS) ecosystem, offering users the opportunity to earn yield by depositing their crypto directly onto PoS networks.

    The initial “locking-only phase” of Babylon’s staking system was quickly filled to capacity, with over 12,700 stakers and 20,610 solo delegates already participating. This rapid uptake highlights growing interest and confidence in the platform’s potential.

    The successful launch of Babylon’s staking program underscores its ambition to redefine Bitcoin’s role in the broader crypto landscape, particularly within decentralized finance (DeFi). The move aligns with increasing institutional interest in cryptocurrencies, as evidenced by recent approvals of Bitcoin spot ETFs and significant institutional investment.

    Babylon’s funding journey has been equally impressive. Following a $18 million Series A round in December 2023, the platform secured an additional $70 million in funding in late May 2024, led by Paradigm and supported by other prominent investors. This financial backing reinforces the project’s potential and solidifies its place in the evolving Bitcoin ecosystem.

    Share this article
    Categories
    Tags



    Source link

  • Grayscale launches investment fund for AVAX Token, fueling market surge

    Grayscale launches investment fund for AVAX Token, fueling market surge

    Grayscale launches investment fund for AVAX Token
    • Grayscale launches Avalanche Trust, offering exclusive AVAX exposure for investors.
    • AVAX price surged to $25.16, with a nearly 9% increase in Avalanche Open Interest.
    • The new fund enhances Grayscale’s portfolio, aligning with its crypto strategy.

    Grayscale Investments, the world’s largest crypto fund manager, has announced the launch of a new investment fund dedicated to Avalanche (AVAX) token.

    Officially unveiled on August 22, the Grayscale Avalanche Trust expands the firm’s suite of over 20 crypto investment products and offers accredited investors a new avenue for exposure to Avalanche’s native cryptocurrency.

    Grayscale Avalanche Trust to provide direct access to AVAX

    Grayscale’s Avalanche Trust is a single-asset investment vehicle that operates similarly to the firm’s existing products, focusing exclusively on AVAX. Unlike Grayscale’s exchange-traded funds, this trust is available only to qualified investors and is not exchange-traded.

    The Avalanche Trust is designed to provide investors with direct access to AVAX, the token that powers Avalanche’s multi-chain smart contract platform. This platform is known for its focus on optimizing scalability, network security, and decentralization, while also facilitating the tokenization of real-world assets (RWA).

    The new fund aligns with Grayscale’s broader strategy to offer innovative investment opportunities within the evolving crypto ecosystem. It adds to Grayscale’s recent expansions, which include trusts for MakerDAO’s MKR token, Bittensor, and Sui.

    With a track record of pioneering crypto investment products, Grayscale continues to cement its position as a leading player in the digital asset space. The launch of the Avalanche Trust highlights the firm’s commitment to broadening access to emerging and impactful developments in the cryptocurrency market.

    AVAX price movements

    The announcement has had a significant impact on the market seeing it came amid other major Avalanche news including Franklin Templeton expanding its blockchain-integrated money market fund to Avalanche.

    The price of AVAX surged to a high of $25.16 before pulling back slightly to around $24.75 at press time.

    Additionally, Avalanche’s Open Interest has seen a nearly 9% increase, reflecting heightened investor interest and enthusiasm.

    Among other developments, the price surge underscores the positive reception of Grayscale’s new fund and its potential to attract substantial capital flows into the AVAX token.

    Share this article
    Categories
    Tags

    Source link

  • Aave spikes to 5-month high as Bitcoin tests area near $62k

    Aave spikes to 5-month high as Bitcoin tests area near $62k

    • Aave reached a five month high above $143 with a 14% spike.
    • Bitcoin broke to above $61,800, with price gaining 4% amid fresh crypto resilience.

    Aave continued to outperform peers on August 21 with a sharp ascend to its highest level in five months. Meanwhile, Bitcoin price broke above $61,800 with a 4% surge in 24 hours.

    AAVE spikes 14% to hit 5-month high

    Decentralised finance (DeFi) protocol Aave (AAVE) was among the top gainers on Wednesday after surging more than 14% to hit highs of $143. Aave’s native utility and governance token reached the level amid huge whale activity in the past few days.

    There was also positive news for Aave after the DeFi project’s Aave V3 deployed on ZKsync Era Mainnet.

    AAVE price forecast

    Rising to above $143, Aave’s price moved to its highest level since March 2024. This is the period when Bitcoin rode the halving mania and spot BTC exchange-traded funds to reach its all-time high.

    AAVE’s push to current levels means the altcoin could eye fresh gains to the $177-$200 price area. However, the spike in AAVE price has also seen a sell signal flash on the daily chart.

    Crypto analyst Ali Martinez shared this price outlook for AAVE earlier in the day.

    Bitcoin bulls target breakout above $60k

    While Bitcoin has struggled for momentum since the brutal sell-off in early August, bulls have remained largely undeterred. Buyers have shown great resolve in their quest to rally above the $60k.

    In the past 24 hours, the benchmark crypto has climbed to above this crucial level and currently looks set to extend the slight advantage.

    BTC has reached an intraday high above $61,838 on top crypto exchange Bitstamp.

    BTC chart

    The gains have the BTC/USD pair touch the 50-day simple moving average, accentuating the formation of an ascending triangle pattern. In technical analysts, the ascending triangle is seen as a bullish chart pattern where the resistance level follows a horizontal line.

    Meanwhile, swing lows follow a rising trendline that forms a narrowing triangle as price looks to resolve on the upside.

    BTC/USD daily chart. Source: TradingView

    Bitcoin’s daily chart suggests this is the case for BTC since the dip to lows of $49,577 on August 5. Notably, the 50-day SMA currently acts as a robust hurdle. If bulls decisively break higher, price could target the key supply wall around $68,255.

    However, should weakness resurface, the primary support area could be around $58,266 and then $55,800.

    Share this article
    Categories
    Tags



    Source link

  • Bitfarms agrees to buy Stronghold Digital for $175M in stock and debt

    Bitfarms agrees to buy Stronghold Digital for $175M in stock and debt

    Bitfarms agrees to buy Stronghold Digital for $175M in stock and debt
    • Bitfarms to acquire Stronghold Digital for $175M in stock and assumed debt.
    • Bitfarms’ stock fell 8%, while Stronghold’s rose 60% following the news.
    • Riot Platforms, holding 19% of Bitfarms, previously attempted a takeover in June.

    In a significant development within the cryptocurrency mining sector, Bitfarms (BITF), a leading Bitcoin mining company, has announced its acquisition of rival Stronghold Digital (SDIG) for $175 million. The deal, which includes $125 million in stock and the assumption of $50 million in debt, marks a strategic move by Bitfarms as it continues to navigate a competitive industry landscape.

    The acquisition terms specify that Stronghold shareholders will receive 2.52 Bitfarms shares for each Stronghold share they hold. This represents a 71% premium based on Stronghold’s 90-day volume-weighted average price on Nasdaq as of August 16.

    The stock-for-stock transaction reflects Bitfarms’ aggressive growth strategy, despite recent challenges and market volatility.

    Giving Stronghold Digital a lifeline

    The deal comes on the heels of Stronghold’s announcement in May that it was exploring strategic alternatives, including a potential sale.

    Stronghold, based in New York, has been actively considering its options in response to the evolving market conditions.

    The acquisition provides Stronghold with a lifeline while enabling Bitfarms to consolidate its position in the market.

    Riot Platforms abandoned Bitfarms takeover bid

    Bitfarms’ move to acquire Stronghold is particularly noteworthy as it comes at a time when the company is also contending with an ongoing approach by Riot Platforms (RIOT).

    Riot, which holds nearly 19% of Bitfarms, previously attempted to acquire the Toronto-based company in June. However, Riot chose to abandon the bid temporarily, opting instead to overhaul Bitfarms’ board of directors.

    This strategic manoeuvre has kept Bitfarms in the spotlight, as Riot’s interest in the company is likely to continue influencing its future actions.

    The market reaction to the acquisition has been mixed, with Bitfarms’ stock dropping nearly 8% in pre-market trading, while Stronghold’s shares surged by about 60%.

    This acquisition underscores the ongoing consolidation within the cryptocurrency mining industry as companies seek to strengthen their positions in a rapidly evolving market.

    Share this article
    Categories
    Tags

    Source link

  • El Salvador launches civil servants Bitcoin certification, collaborates with Argentina

    El Salvador launches civil servants Bitcoin certification, collaborates with Argentina

    El Salvador launches civil servants Bitcoin certification
    • El Salvador launches 160-hour Bitcoin certification for 80,000 civil servants.
    • The program aims to enhance governance and build a Bitcoin-ready workforce.
    • Argentina collaborates with El Salvador to learn from its Bitcoin adoption success.

    The El Salvador government, through its National Bitcoin Office (ONBTC), has embarked on an ambitious initiative to upskill 80,000 civil servants with a comprehensive Bitcoin certification program.

    This is part of the nation’s ongoing commitment to integrating Bitcoin (BTC) into its economy and governance.

    The certification program, named “Certification in Public Administration 1,” consists of a 160-hour virtual and asynchronous course divided into seven modules. Each module is designed to impart essential knowledge about Bitcoin, including its legal framework, strategic management, and the public policies surrounding its use as legal tender.

    The Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in August 2021, will conduct the training, aiming to elevate the standard of governance in El Salvador.

    Stacy Herbert, director of ONBTC, expressed optimism about the program’s long-term impact. She believes that educating civil servants on Bitcoin will have a “compounding effect” on the nation’s economy. “These education projects are low-time preference commitments to the long-term success of El Salvador and its Bitcoin (and tech) policy,” Herbert stated.

    This initiative is part of a broader strategy to create a Bitcoin-ready workforce, further solidifying the country’s reputation as a global pioneer in cryptocurrency adoption.

    Argentina seeks to learn from El Salvador’s Bitcoin experience

    El Salvador’s success with Bitcoin has also garnered international attention, particularly from Argentina. The South American nation, grappling with economic challenges, has sought to learn from El Salvador’s experience.

    Argentina’s National Securities Commission (CNV) kicked off discussions with El Salvador’s National Commission of Digital Assets (CNAD) in May 2024 to explore collaboration opportunities in cryptocurrency regulation and adoption.

    During a meeting between the two nations, Roberto Silva, president of Argentina’s CNV, emphasized the importance of strengthening ties with El Salvador. He hinted at potential collaboration agreements to leverage El Salvador’s insights into Bitcoin adoption, reflecting a growing interest in the cryptocurrency’s role in stabilizing economies facing hyperinflation.

    As El Salvador continues to champion Bitcoin, its efforts are not only transforming its own public sector but also inspiring other nations to explore the potential of digital currencies.

    Share this article
    Categories
    Tags



    Source link

  • Whale accumulates $118M in Wrapped Bitcoin (WBTC) amid controversy

    Whale accumulates $118M in Wrapped Bitcoin (WBTC) amid controversy

    Whale accumulates $118M in Wrapped Bitcoin (WBTC) amid controversy
    • The whale acquired 347 Wrapped Bitcoin (WBTC) within just 12 hours on August 19.
    • BitGo plans to transfer control of WBTC to a joint venture involving itself, BiT Global, and the Tron ecosystem.
    • Coinbase has hinted at launching its own wrapped Bitcoin token, dubbed “cbBTC.”

    An unidentified whale has been rapidly accumulating Wrapped Bitcoin (WBTC), amassing over $118 million worth of WBTC in a short span of time.

    According to blockchain analytics firm Lookonchain, the unknown wallet has gathered a total of 1,953 WBTC, purchased at an average price of $58,853 per token.

    The most recent transaction was particularly notable, with the whale acquiring 347 WBTC — valued at approximately $16 million — within just 12 hours on August 19.

     

    This sudden and significant accumulation has raised eyebrows, especially as it coincides with ongoing debates and controversies surrounding the ownership and management of WBTC.

    BitGo’s plans to transfer control of Wrapped Bitcoin (WBTC)

    The controversy began earlier this month when BitGo, the firm responsible for issuing Wrapped Bitcoin (WBTC), announced plans to transfer control of the token to a joint venture involving itself, Hong Kong-based investment manager BiT Global, and Sun’s Tron ecosystem. This decision has led to heightened scrutiny and concern among major DeFi players.

    In response, MakerDAO, a leading decentralized finance protocol, moved quickly to mitigate potential risks associated with WBTC. On August 16, the platform approved a proposal that prohibits borrowing against WBTC collateral on its Sparklend platform.

    Similarly, Aave, another major DeFi protocol, is reportedly considering the adoption of an alternative wrapped Bitcoin token, TBTC, offered by Threshold Network.

    Amid these developments, speculation is rife about the potential entry of Coinbase into the wrapped Bitcoin market. The US-based crypto exchange has hinted at launching its own wrapped Bitcoin token, dubbed “cbBTC,” which could further shake up the market.

    The mystery whale’s aggressive accumulation of WBTC, in light of these industry shifts, adds a new layer of intrigue to the ongoing narrative in the crypto space.

    Share this article
    Categories
    Tags



    Source link

  • Self-custodial Bitcoin staking protocol Babylon announces mainnet

    Self-custodial Bitcoin staking protocol Babylon announces mainnet

    • Babylon, the self-custodial Bitcoin staking protocol, will launch its mainnet on August 22, 2024.
    • The launch brings a “third native use-case of Bitcoin” to users, adding staking to its store of value and payment, Fisher Yu, co-founder of Babylon, said.

    Babylon, a self-custodial Bitcoin staking protocol, has announced the launch of its phase-1 mainnet as it eyes the growing decentralised finance market on the leading blockchain network.

    Babylon announces Bitcoin staking mainnet

    In an announcement on Monday, the protocol revealed its mainnet launch will go live on August 22, 2024. The first phase of the mainnet will allow BTC holders to stake their coins with the self-custodial protocol.

    Meanwhile, upcoming phases will see the Bitcoin protocol allow proof-of-stake networks to tap into the $1 trillion bitcoin network security. Projects that can gain access to and utilise this ecosystem include layer-2 chains, data availability layers and oracles.

    “This launch leads to the third native use-case of Bitcoin, the asset beside value storage and simple payment: stake to secure networks and earn,” Fisher Yu, co-founder of the Babylon project, said. “We expect this to enhance the crypto-economic security of PoS chains and other decentralised applications, offering them a more secure and reliable infrastructure, while at the same time unlocking the value from the idle, unencumbered $1 trillion Bitcoin ecosystem.”

    Babylon’s announcement comes after the platform raised $70 million in a funding round led by crypto venture capital firm Paradigm. Mainnet is supported by more than 200 finality providers, including Allnodes, Galaxy Digital, P2P, Figment, Luganodes, and Stakefish.

    The project has also received support from top wallets such as Binance Web3 Wallet, OKX Web3 Wallet, Bitget Wallet, Keystone and TomoWallet.

    Share this article
    Categories
    Tags



    Source link

  • Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges

    Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges

    Toncoin signals bullish momentum as Bitcoin Dogs gears for its debut on three exchanges
    • BARR pattern breakout signals a potential 40% rise to $9.50 for Toncoin (TON).
    • Binance listing and Injective integration boost Toncoin’s price and liquidity.
    • Bitcoin Dogs’ 0DOG token will debut on Gate.io, MEXC Official, and Unisat Wallet.

    As August progresses, Toncoin (TON) and Bitcoin Dogs, two prominent players in the cryptocurrency space are capturing the spotlight. Toncoin is showcasing impressive bullish momentum, while Bitcoin Dogs is preparing for a significant market debut.

    With the crypto market witnessing fluctuating trends, these developments offer intriguing insights into the evolving landscape of digital assets. This article delves into the bullish signals for Toncoin and the highly anticipated launch of Bitcoin Dogs on major exchanges.

    Toncoin bullish momentum and technical analysis

    Toncoin (TON) has exhibited strong bullish signals, positioning itself as one of the top-performing cryptocurrencies.

    As of August 19, 2024, Toncoin is trading at $6.82, reflecting a notable rise of 8.36% over the past week, despite a broader market decline. This surge is attributed to several key factors, including technical patterns, fundamental developments, and on-chain data.

    One of the most compelling technical indicators for Toncoin is its breakout from a Bump-and-Run Reversal (BARR) pattern. This pattern, often a precursor to significant upward movement, suggests a potential price increase of around 40%, targeting the $9.50 mark.

    The BARR setup begins with a lead-in phase, followed by a sharp downturn (bump), and culminates in a recovery and eventual breakout (run). Recent price behaviour aligns with this setup, reinforcing the bullish outlook.

    The breakout, which occurred around August 18, 2024, was marked by a sustained rise above the previous declining trendline, coupled with increased trading volume. This technical shift is further supported by Toncoin trading above its 50-day and 200-day exponential moving averages (EMAs), both of which are showing upward slopes.

    Additionally, the Relative Strength Index (RSI) remains above the neutral 50 level, indicating continued buying pressure despite short-term overbought conditions.

    Fundamental factors have also played a crucial role in Toncoin’s recent price surge. Notably, the listing of Toncoin on Binance on August 15, 2024, has significantly improved its liquidity and market accessibility.

    Furthermore, the integration of Toncoin with the decentralized finance protocol Injective on August 14, 2024, has enabled TON-based assets to be utilized within Injective’s ecosystem, enhancing its utility and adoption.

    On-chain data further supports the bullish sentiment surrounding Toncoin. Analysis shows a redistribution of tokens from large holders (whales) to smaller investors. As of August 19, 2024, the percentage of Toncoin held by addresses with 100,000 to 1,000,000 coins has declined, while the share held by addresses with 10,000 to 100,000 coins has increased.

    This shift indicates growing buying interest among mid-sized investors, often a precursor to bullish price action.

    Bitcoin Dogs’ major market debut on August 21

    In a parallel development, Bitcoin Dogs is set to make a significant market debut on August 21, 2024. The project, which raised over $13.496 million in its presale, will list its 0DOG token on three major exchanges: Gate.io, MEXC Official, and Unisat Wallet.

    This milestone marks the transition from its presale phase to active trading and is expected to generate substantial interest and trading activity.

    Bitcoin Dogs is notable for being the first-ever ICO on the Bitcoin blockchain, combining blockchain technology with canine-themed digital assets. The project features a metaverse called the Dogaverse, where users can engage in various activities, including gameplay and NFT trading centred around a canine theme.

    The presale of Bitcoin Dogs was a resounding success, and the upcoming exchange listings represent a pivotal moment for the project. The strategic choice of exchanges reflects Bitcoin Dogs’ commitment to expanding its market reach and providing ample liquidity for its tokens.

    The token claim process will also commence on August 21, allowing presale participants to access their tokens.

    Looking ahead, Bitcoin Dogs has outlined an ambitious roadmap, including a game beta, token staking, and multi-chain support. The project’s innovative blend of blockchain technology and canine culture positions it as a unique player in the crypto space, with further developments planned for late 2024 and early 2025.

    Conclusion

    As Toncoin signals bullish momentum with promising technical and fundamental indicators, and Bitcoin Dogs (0DOG) gears up for its major exchange debut, these developments underscore the dynamic nature of the cryptocurrency market.

    Investors and enthusiasts alike are keenly watching these developments, which could shape the future trajectory of these digital assets.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin Dogs to list on 3 major exchanges: Will 0DOG price explode?

    Bitcoin Dogs to list on 3 major exchanges: Will 0DOG price explode?

    Bitcoin Dogs presale
    • Bitcoin Dogs (0DOG) will list on Gate.io, MEXC and Unisat on Aug. 21.
    • What does listing on the 3 crypto exchanges mean for 0DOG?

    Bitcoin Dogs (0D0G) will be making its market debut with a bang as three major exchanges announce trading support.

    Investors who have waited since the Bitcoin Dogs’ successful presale are excited as listings and token claims get a clearer timeline. But what does this milestone mean for 0DOG price?

    Gate, MEXC to list Bitcoin Dogs

    After making history as the world’s first BRC-20 token ICO on the Bitcoin network, 0DOG is poised to land on Gate.io, MEXC and Unisat. The cryptocurrency exchanges will list the play-to-earn and non-fungible token platform’s native token on Aug. 21, 2024.

    This is a major milestone for the project, which secured more than $13.4 million in its presale.

    In the next five days, 0DOG will be available across Gate.io, MEXC and UniSat – platforms that together have a combined trading volume of over $2.5 billion in daily trading volume. Gate.io and MEXC are top tier crypto exchanges with over $1 billion each in 24-hour volume.

    Bitcoin Dogs game via Telegram mini-app

    News that Bitcoin Dogs will go live on exchanges in coming days has interest in the project back to levels seen during the ICO. This also comes as the team behind the BRC-20 project hit key roadmap landmarks, including developments on the P2E ecosystem, 10K Ordinals NFTs and staking.

    In the upcoming game, aspects such as PvP battles, exclusive access and mobile/Telegram app support has Bitcoin Dogs poised to hit the market as recent hits such as Kombat Hamster and Notcoin.

    Recently, Telegram introduced mini apps and the in-app browser features, opening up decentralized applications to millions of users. The instant messaging platform is currently a top destination for crypto tap-to-earn and play-to-earn games, which is an ecosystem that Bitcoin Dogs also targets with its Telegram integration.

    Bitcoin Dogs price forecast

    Also helping Bitcoin Dogs price could be the overall developments within the Bitcoin layer-2 ecosystem. Multiple projects have interest in the decentralized finance (DeFi), gaming and metaverse market on the flagship blockchain network.

    The gaming part will benefit from Bitcoin Dogs rollout of its game on Telegram.

    Over 950 million monthly active users will have a chance to play the Bitcoin Dogs game via a Telegram mini-app, bringing the future of gaming to users. 0DOG will power this ecosystem and viral traction could be massive for the token’s value.

    Analysts at Pantera Capital noted earlier in the year that the L2 market on Bitcoin could be a $500 billion market – a prediction that means Bitcoin Dogs’ first mover advantage puts it ahead of potential rivals.

    The listing on Gate.io, MEXC and Unisat is a first major milestone that also adds to the positive catalysts for 0DOG. Savvy traders are likely to use the upcoming listing and the potential buy opportunity to add to their positions.

    If interested in learning more about Bitcoin Dogs, visit the official website.

    Share this article
    Categories
    Tags



    Source link