bitcoinlfg

Tag: Price

  • Bitcoin breaks $87k; here’s what this analyst says about BTC price

    Bitcoin breaks $87k; here’s what this analyst says about BTC price

    • Bitcoin has hit a new high above $87,000 and could bounce past $100,000 amid bullish momentum.
    • If it happens, the bull market case is for a rally to $150k, an analyst says

    With Bitcoin rallying to a new all-time high above $87,000, the overall sentiment suggests it’s likely to continue higher. Although a breather could be due, analysts are suggesting this might just be a start of a major bull run for the benchmark crypto asset.

    Bitcoin hits $87k: What next?

    BTC rallied higher after breaching $84k amid MicroStrategy’s $2 billion worth of bitcoin purchase. The upward move now sees it trade above $87k. This is after the momentum carried from the past week, which saw Donald Trump become president-elect.

    According to crypto analyst Kaleo, the next stop for BTC could be $90k before a brief consolidation. However, this might offer the next upward bounce.

    Now, past performance is not an indicator of future gains, the market knows. Nonetheless, crypto analyst Kaleo says should Bitcoin price take a similar trajectory to its previous cycle, it could stall around $90k. This should however be only for a brief period before the upside momentum returns to push bulls beyond $100k.

    “When Bitcoin finally made a clean break above the previous cycle’s all time high in December of 2020, it ripped 22% higher without pulling back over the course of several days before it slowed down a bit,” the analyst posted on X. “It spent about [a] week consolidating [there] prior to beginning another 75% up only run over the course of the next few weeks,” he added.

     

    Per the chart the analyst shared, a bull market projection has Bitcoin price at $150k with a 75% breakout. Things may not play out as such, particularly with the market never moving in a straight line. Regardless, the long term view is super bullish for Bitcoin.

    “The fun in this bull market is just getting started,” the analyst opined.

    Share this article
    Categories
    Tags



    Source link

  • Unity COO: It’s “disingenuous” to say Trump’s win directly caused Bitcoin price rise

    Unity COO: It’s “disingenuous” to say Trump’s win directly caused Bitcoin price rise

    An image of a Bitcoin in front a background with arrows pointing up
    • Bitcoin reached a high of $75,317 in the early hours of this morning
    • In September, Bernstein analysts predicted Bitcoin to reach between $80,000 and $90,000 by the end of 2024 if Trump won
    • Unity’s COO said to CoinJournal said it was “disingenuous” to say Trump winning the US election was the sole reason Bitcoin’s price went up

    Bitcoin rose to a record high of over $75,000 early this morning as voting results signalled a Donald Trump win for the White House.

    Data from CoinMarketCap shows Bitcoin achieved a high of $75,317 around 6:25 this morning. Before the election results started coming in last night, Bitcoin was trading at around $69,000.

    However, as the evening progressed and into the early morning, Bitcoin continued an upward trajectory before reaching its new all-time high.

    Bitcoin’s last all-time high took place in March when it reached $73,000.

    Bitcoin’s all-time high of over $75,000. Source: Coinmarketcap

     

    Data from AP News shows Trump has taken 277 of the electoral results compared to Vice President and presidential candidate Kamala Harris’ 224.

    Will the price rise continue?

    While the new high comes amid the US election results, many will be wondering whether this upward movement will continue. In September, Bernstein analysts predicted that Bitcoin could reach between $80,000 and $90,000 by the end of 2024 if Trump won the presidential election.

    According to James Toldeano, COO of self-custody wallet Unity, people need to realize that data based on the 2012, 2016, and 2020 US elections doesn’t reveal consistent patterns for the crypto market concerning election results.

    “Some have looked at the 2020 election and seen the price rise from $13,760 prior to the election on November 1, to $19,698 following the election on December 1, and immediately asserted it was the election that drove the increase,” said Toldeano to Coinjournal.

    In reality, Toldeano added, several factors contributed to the price rise, including US stimulus payments, increasing interest from companies like MicroStrategy buying Bitcoin, and people seeing Bitcoin as a safe investment during the Covid pandemic.

    “While the election happened during this time, it’s disingenuous to say it directly caused the price increase,” he said.

    In the long-term, it won’t be the election that moves the crypto market, but “broader macroeconomic events, technological advancements, shifting market sentiment, and factors outside of the next President’s control,” Toldeano explained.

    Pro-crypto

    Former US President Donald Trump has come across as more crypto-friendly compared to Harris.

    Back in May, Trump promised that, if he was re-elected, he’d free Ross Ulbricht, the Silk Road creator. Ulbricht has already served 11 years in prison. In August, Trump also promised to make America the “crypto capital of the planet.”

    In September, Trump became the first US president to use the Bitcoin network. He achieved this after sending a Bitcoin transaction at PubKey, a crypto-themed bar in New York ahead of his campaign rally in Long Island.

    On the flip side, Harris has been muted about her stance on crypto despite saying her administration would support a crypto regulatory framework if she became the next US president.

    “Incoming President Trump has the power to save crypto in the US where urgent change is needed,” said Jesper Johansen, CEO and founder of Northstake, an Ethereum staking marketplace, to Coinjournal.

    “First amongst the new administration’s priorities should be to define staking as an opportunity for US investors,” Johansen continued. “The question still lingers: is staking a commodity or a security?”

    Johansen said that $6 billion is sitting in Ethereum exchange-traded funds (ETFs), which aren’t being staked, meaning investors are missing out on economic opportunities. According to Johansen, this could be one of the reasons why the uptake of Ethereum ETFs hasn’t been as popular as Bitcoin ETFs.

    “Once these core issues have been solved, changes are needed within the SEC to ensure that crypto is viewed as a vehicle of innovation, rather than something to be feared,” he added.

    Ahead of the election, Trump said he’d remove Gary Gensler, chair of the US Securities and Exchange Commission (SEC); however, it remains to be seen whether this will happen because the SEC is an independent federal agency.

    At the time of publishing, Bitcoin is trading at around $74,000.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin Dogs (0DOG) price prediction: a potential surge in ‘Uptober’

    Bitcoin Dogs (0DOG) price prediction: a potential surge in ‘Uptober’

    Bitcoin Dogs (0DOG) price prediction: a potential surge in ‘Uptober’
    • October, known as “Uptober,” historically boosts Bitcoin prices significantly.
    • Bitcoin Dogs (0DOG) could surge alongside BTC, with predictions of 100X growth.
    • Upcoming catalysts include a Telegram game and NFT collection driving demand.

    As October unfolds, the cryptocurrency market is buzzing with excitement, and Bitcoin Dogs (0DOG) is emerging as a prominent player in this landscape.

    Historically known as “Uptober,” this month has seen Bitcoin (BTC) experience significant gains, averaging around 22% in previous years. Analysts are optimistic that Bitcoin Dogs, as a leading beta play in this market, will follow suit and deliver impressive returns for investors.

    Historical context and macro conditions

    Bitcoin’s average performance through October indicates a strong likelihood of hitting $73,000 before the month’s end.

    Coupled with China’s stimulating economic measures and expectations of a 50 basis point cut in interest rates from the Federal Reserve, conditions appear ripe for risk assets, including cryptocurrencies.

    In addition, recent geopolitical tensions in the Middle East, particularly with missile launches from Iran, have introduced volatility into the markets.

    Historically, such events often present opportunities for savvy investors, as they tend to buy at depressed price levels. The current environment probably presents a last chance to acquire Bitcoin Dogs before potential price surges as market sentiment shifts.

    The case for Bitcoin Dogs (0DOG)

    Bitcoin Dogs is attracting significant attention due to its positioning within the Bitcoin ecosystem. As the first ICO launched on BTC, 0DOG offers investors a unique opportunity to participate in a historic event that could mirror the early days of Bitcoin itself. The token is a BRC-20 token, meaning it is soft-pegged to Bitcoin’s price and typically moves in tandem with the leading cryptocurrency.

    Analysts are excited about Bitcoin Dogs not just because of its price potential but also due to upcoming catalysts. The community eagerly anticipates the launch of a Telegram game, along with an NFT collection.

    There is a growing trend in demand for Telegram games, and if Bitcoin Dogs’ offering gains traction, it could quickly elevate the token into the top 100 cryptocurrencies by market cap.

    0DOG price predictions for Q4 2024

    Bitcoin Dogs (0DOG) is currently trading at $0.007064, reflecting a 2.8% increase in the last 24 hours. With a 24-hour trading range of $0.006616 to $0.007354, the token has shown resilience amidst broader market fluctuations.

    Looking forward to Q4 2024, analysts predict that 0DOG could see a price range between $0.76 and $1.12. This upper estimate represents a staggering 100X increase from its current market cap, underscoring the potential for explosive growth. The key drivers behind this optimism include the anticipated performance of Bitcoin itself, with forecasts suggesting that BTC could smash past $74,000.

    As liquidity conditions improve and the broader crypto market begins to climb, the fear of missing out (FOMO) among investors will likely kick in, paving the way for another altcoin mania. Being a part of the leading meme coin network, Bitcoin Dogs stands to benefit significantly from this momentum.

    Conclusion

    The narrative surrounding Bitcoin Dogs is compelling, particularly as Uptober has historically proven to be one of the best months for Bitcoin.

    With analysts expecting significant gains in BTC, 0DOG is poised to capitalize on this upward trend. Investors looking for leveraged returns on Bitcoin would do well to consider acquiring 0DOG during this pivotal month.

    If interested in 0DOG, you can visit the official Bitcoin Dogs website to learn more.

    Share this article
    Categories
    Tags

    Source link

  • SUI price surges as TVL hits $1.3 billion

    SUI price surges as TVL hits $1.3 billion

    Grayscale introduces Grayscale SUI Trust, boosting SUI price
    • Sui has seen a more than 44% spike in price in the past week and 65% in 30 days.
    • Gains come after the Grayscale Sui Trust opened for accredited investors.
    • The SUI network’s total value locked has surpassed $1.34 billion.

    SUI price has surged by more than 44% in the past week to trade above $1.67. The gains include a more than 65% spike in the past 30 days. This sees the native token of the layer 1 blockchain platform reach highs last seen in early April.

    What catalyzed SUI price surge?

    Sui has experienced a notable surge in volume after Grayscale announced its Sui Trust was now open to accredited investors.

    Daily volume for SUI skyrocketed after the news, and price followed, hitting levels above $1.

    SUI price on CoinMarketCap

    Sui’s price rally to above $1.67 has also coincided with a sharp increase in total value locked in various decentralized finance protocols in the Sui ecosystem. OKX Ventures pointed to the Grayscale Sui Trust’s boost to SUI market credibility as institutional interest emerged.

    Sui TVL hits $1.3 billion

    The bullish sentiment around this outlook is showing in the on-chain activity that has the TVL hitting $1.34 billion.

    According to DeFiLlama, Sui’s TVL rose from about $250 million at the start of 2024 to cross $1 billion in May. However, it dropped to $462 million on Aug. 5 amid the cryptocurrency market crash that pushed Bitcoin price below $50k.

    Notable though is the spike back to $1 billion and acceleration to $1.34 billion in less than a month. It means a more than 377% spike year-to-date and 47% month-to-date.

    Sui’s growing DeFi ecosystem that’s behind this surge include increased adoption for protocols across lending, decentralized exchanges, real-world assets, derivatives and yield.

    Navi Protocol has seen its TVL increase 34% month-to-date to over $449 million.

    Lending protocols Scallop and Suilend have respective TVL readings of $246 million and $203 million. It represents a 34% and 100% MTD spike respectively.

    Share this article
    Categories
    Tags

    Source link

  • Ethereum Foundation sells 300 ETH as price hits $2.5k

    Ethereum Foundation sells 300 ETH as price hits $2.5k

    • The Ethereum Foundation has sold a total of 950 ETH worth over $2.2 million in the past three weeks
    • On September 20, the non-profit sold 300 ETH for over $760,000 as Ethereum’s price rose to above $2,500

    The Ethereum Foundation has once again dumped more Ether tokens, this time offloading 300 ETH worth more than $760,000.

    According to on-chain data, the foundation sold the 300 ETH for an average of $2,543 – which is a level that is 5% up on intraday lows of $2,440.

    In recent days, the organization had stopped its selling spree. Before the brief lull, the Ethereum Foundation had become one of the top ETH holders to dump as prices stalled. But on September 20, the dump resumed.

    Ethereum Foundation has sold Ether every four to seven days

    On September 6, the Ethereum Foundation sold 100 ETH for $226,868. It’s a sale that brought the foundation’s increased selling across three weeks to 650 ETH, with these valued at about $1.5 million.

    According to Spot On Chain, a on-chain insights platform, the non-profit organization has sold 950 ETH since the start of September. These sales amount to over $2.2 million, with the average sale price being $2,392.

    The Ethereum Foundation has sold the native Ethereum token every four to seven, on-chain data shows.

    In May 2024, the Ethereum Foundation sold 1,000 ETH for over $3 million, with year-to-date totals at the time reaching 1,766 ETH sold for over $4.8 million.

    The latest dump comes after Ethereum’s price surged from under $2,200 levels reached earlier this month.

    At the time of writing, ETH traded around $2,552, roughly 5% up in the past 24 hours and +8.5% in the past week.

    These gains have come as Bitcoin’s price surged to above $63,000 after this week’s Fed moved to cut interest rate by 0.5%.

    Earlier, CoinJournal highlighted that five Satoshi era Bitcoin wallets that had been dormant for 15 years, woke up and transferred 250 BTC.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin (BTC) price targets $63k as crypto market awakens after Fed rate cut

    Bitcoin (BTC) price targets $63k as crypto market awakens after Fed rate cut

    Bitcoin (BTC) price breaks above $62K as crypto market awakens after Fed rate cut
    • Bitcoin has broken past $62K post-Fed rate cut; next resistance at $63K.
    • Ethereum and Solana have also surged, reflecting a broader crypto market rally.
    • Caution remains due to economic uncertainties and potential regulatory issues.

    Bitcoin (BTC) price has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points.

    The move by the Fed, aimed at bolstering economic growth and mitigating recession risks, has ignited a rally across digital assets. The monetary policy adjustment has not only energized Bitcoin but also lifted a broad range of altcoins and risk assets.

    Next Bitcoin (BTC) price resistance level at $63k

    Currently trading around $62,096, Bitcoin’s price has demonstrated a solid 24-hour gain of 2.29% and a more impressive 7-day increase of 6.20%.

    Most notably, the price breach above the $62,000 mark represents a crucial psychological milestone for Bitcoin, following a period of consolidation near $60,000.

    Technical analysis highlights that Bitcoin’s next significant resistance level is positioned at $63,000, with the potential for further gains if this barrier is surpassed. The upper boundary of Bitcoin’s Bollinger Bands indicates heightened volatility, suggesting that while a short-term profit-taking phase may occur, the overall trend remains strongly bullish.

    Support is firmly established at around $60,100, acting as a critical floor that has been repeatedly tested and held firm.

    Investor sentiment towards Bitcoin is largely positive, with increased trading volumes reflecting growing institutional interest.

    As Bitcoin’s (BTC) price continues to climb, it benefits from a broader narrative of cryptocurrencies serving as a hedge against traditional market volatility and inflation fears, which have been exacerbated by the Fed’s dovish stance.

    Ethereum and Solana lead as altcoins mirror Bitcoin’s surge

    The rate cut by the US Federal Reserve has not only impacted Bitcoin price but has also spurred a broader rally in the cryptocurrency market, lifting major altcoins alongside Bitcoin (BTC).

    Ethereum (ETH), for instance, has surged past $2,400, marking a 24-hour increase of 4.94% and a 7-day rise of 2.97%. Ethereum’s price reached $2,430 before settling slightly, mirroring Bitcoin’s bullish trend. Technical indicators show Ethereum facing immediate resistance at $2,430, with potential for further gains if it breaks above this level.

    Solana (SOL) has also seen significant price movements, surging by 6.03% to reach $138.65. This gain underscores renewed confidence in Solana’s ecosystem and its applications in decentralized finance (DeFi) and NFTs.

    Other altcoins, such as Ripple (XRP) and Shiba Inu (SHIB), have also experienced notable increases, with XRP rising by 1.20% to $0.59 and SHIB climbing 7.85% to $0.00001427.

    Analysts remain cautious

    Despite the overall positive sentiment, market participants remain cautious. Mixed reactions and concerns about the sustainability of the rally are prevalent. Analysts suggest that while the rate cut has provided a significant short-term boost, the broader economic uncertainties and potential regulatory challenges could impact future performance.

    In particular, Presto Research notes that the market remains divided, highlighting the need for relief from growth concerns to maintain upward momentum.

    Amid the mixed market outlook, the coming months will be critical in determining whether the current Bitcoin (BTC) price rally can sustain momentum and push digital assets to new highs.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin price jumps to a three-week high

    Bitcoin price jumps to a three-week high

    Bitcoin price jumps to a three-week high
    • Bitcoin price has surged 5.6%, hitting a three-week high of $61.1K on Tuesday morning.
    • Altcoins like Celestia, Immutable X, and Near have seen double-digit percentage gains.
    • Crypto stocks have risen modestly ahead of the Fed’s expected rate cut announcement.

    Bitcoin price has surged to its highest level in three weeks, triggering gains across the cryptocurrency sector and related stocks. It soared 5.6%, reaching $61.1K by 11:55 a.m. ET before pulling back to around $61k.

    Bitcoin price jumps to a three-week high

    The surge marks a sharp reversal from the quiet start to the week, signalling renewed interest in digital assets.

    Altcoins and Bitcoin price soaring ahead of Fed cuts

    Besides Bitcoin, other major cryptocurrencies have also seen significant gains, with Ethereum (ETH) advancing 4.2% to $2.38K.

    Notably, some altcoins have outpaced the larger tokens. For example, Celestia (TIA) has seen a 15.7% increase, Immutable X (IMX) has risen by 14.8%, Near Protocol (NEAR) is up 9%, Uniswap (UNI) has climbed 8.9%, and Sui (SUI) has gained 8.1%.

    The rally comes just ahead of the Federal Reserve’s highly anticipated decision on interest rates.

    Market analysts widely expect the central bank to lower rates for the first time in four years. With inflation largely under control and the labour market showing signs of cooling, many believe the Fed will adopt a more accommodative stance.

    Lower interest rates are typically bullish for cryptocurrencies, as reduced borrowing costs make traditional savings and investment vehicles less attractive. As a result, investors often turn to riskier assets like cryptocurrencies in search of higher returns.

    Crypto-focused stocks also surge

    Crypto-focused stocks have also benefited from Bitcoin’s rally, though their gains were generally more modest compared to digital tokens.

    MicroStrategy (MSTR), a company known for holding large reserves of Bitcoin, inched up by 0.6%.

    Crypto exchange platform Coinbase Global (COIN) has risen by 3%, while crypto investment firm Galaxy Digital (OTCPK) has gained 5.4%.

    In the crypto mining sector, Riot Platforms (RIOT) has advanced 2.4%, MARA Holdings (MARA) has risen by 1.9%, and HIVE Digital Technologies (HIVE) has climbed 4.3%. Bit Digital (BTBT) saw the largest jump, gaining 13%, followed by Hut 8 (HUT) with a 6.6% rise and CleanSpark (CLSK) up 3.1%.

    As the broader stock market also experience buying pressure ahead of the Federal Reserve’s pivotal decision, the crypto sector continues to ride the wave of optimism surrounding the potential for lower rates and increased investment in digital assets.

    Share this article
    Categories
    Tags

    Source link

  • 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

  • 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

  • Crypto price prediction: Sui, Bitcoin, Poodlana

    Crypto price prediction: Sui, Bitcoin, Poodlana

    SUI’s bullish momentum has has boosted it to the day’s top gainer among cryptos as Bitcoin struggles to break the crucial zone of $60,000. Meanwhile, Poodlana has meme coin traders at the edge of their chairs with less than 100 hours to go before it hits the public shelves.

    SUI is the day’s top gainer

    Among the trending cryptocurrencies in the new week is SUI. As at the time of writing, it was the top gainer among cryptocurrencies with its price up by 20.52% in the past 24 hours as indicated by CoinMarketCap. Notably, it has maintained this impressive momentum for days; having risen by 118.82% in the past 7 days.

    Bull traders’ optimism has continued to boost the altcoin following Grayscale Investments’ announcement on 7th August. While launching two new investment trusts for Sui (SUI) and Bittensor (TAO) tokens, the firm’s head of product & research, Rayhaneh Sharif-Askary stated, “We are excited to add Bittensor and Sui to our product suite, and believe Bittensor is at the center of the growth of decentralized AI, while Sui is redefining the smart contract blockchain”.

    A look at its daily price chart shows SUI above the 50-day EMA and an RSI of 68. Besides, it has risen past the descending channel; aspects that point to a strong bullish trend. In the short term, it will likely be range-bound between 1.1360 and 0.9710 as bulls gather enough momentum to retest June’s high at 1.1785. On the flipside, a pullback past the aforementioned support level may have it drop to 0.8858 before rallying further.

    Poodlana’s pre-sale is in its last 100-hour leg

    While SUI has been one of the trending cryptos in recent sessions, a greater hype lies in one of the newest projects – Poodlana. Indeed, with all the facts and excitement around it, it may end up being the biggest Solana listing of 2024; possibly even outperfoming Dogecoin.

    With less than 100 hours to go before the presale ends, the project has already raised $6.76 million. In addition to the popularity of meme coins, POODL’s status has largely been boosted by its association with luxury. It is named after the Poodle; a dog breed associated with luxury fashion especially in Asia. Besides, it has packaged itself as The Hermes of Crypto.

    Notably, Poodlana buyers are optimistic that it will continue on an uptrend once it starts trading an hour after the end of its presale. Granted, those buying at its current price of $0.0499 already have gains locked with the next stage price set for $0.0539. This means that with a modest investment of $150, you get 3,006 tokens. In the next 20 hours, that will equate to 2,782 tokens; a significant difference, right? You can learn more about Poodlana token here.

    Bitcoin struggles around $60,000

    While the extreme fear experienced a week ago appears to have eased, the hesitance is still pulpable. As such, Bitcoin is struggling to break past the $60,000 zone in this week’s first trade session.

    On a daily chart, it continues to trade below the 25 and 50-day EMAs. This substantiates last week’s outlook of a dead cat bounce. In the short term, the range between 57,121 and 61,925 is worth watching.

     

    Share this article
    Categories
    Tags

    Source link