Bitcoin dogs may be the next big crypto to appear.
Cryptocurrency prices were on edge on Saturday, continuing the consolidation pattern that has been taking place over the past few weeks. Bitcoin It was trading at $59,000 on Saturday, and stuck this week. Other cryptocurrencies such as Cardano, Solana, and BNB tokens were also floated as the industry lacked any major news.
Bitcoin dogs listed in the future
It will be the next major thing to watch in the cryptocurrency industry. Bitcoin dog The exchange list is a difficult chapter after the developers said.
Bitcoin Dogs is a new cryptocurrency whose developers have completed one of the most successful token sales this year, raising over $13 million.
Its fame is due to the fact that it positioned itself as the first Initial Coin Offering (ICO) on the Bitcoin network.
In a recent statement, the developers indicated that the coin will now be officially listed on August 21st. It will initially list on three exchanges, including Gate.io, MEXC and Unisat. Other decentralized and centralized exchanges are expected to list the token.
Analysts expect the brand to do well after listing due to strong fundamentals. Apart from having a good reputation, the developers have a good road map to create value for the tenants.
For example, they plan to start an NFT inventory with 10,000 NFTs that people can easily buy, hold and even trade. They also plan to create a Bitcoin Dogs Club marketplace that charges a modest 0.5% fee. These payments will be returned to Bitcoin Dog holders.
View of Bitcoin Dogs
We believe that the Bitcoin Dogs token will have short-term volatility after listing on major exchanges. This is a normal part of the process as many owners sell their tokens after listing.
Also, the volatility is caused by the current market conditions where most of the coins are falling. As the market price of all tokens went down, Bitcoin could not go above the important point of $60,000.
In the long term, however, the Bitcoin Dogs token price will continue to fare well as it faces many incentives.
First, there are signs that the Federal Reserve will start cutting interest rates in September as the US economy continues to soften. In most cases, cryptocurrencies tend to do well when the Fed cuts rates.
Second, Bitcoin Dogs is a hugely popular cryptocurrency as it raised more than $13 million in just one month. This means that the token can have a significant boost, as we have seen with other token coins like Pepe and Bonk.
Third, Bitcoin Dogs may benefit as Bitcoin moves from its current rally to a recovery. Remember, the monthly chart shows that Bitcoin has formed a cup and a chart pattern on the monthly chart. In most cases, this design leads more upward. You can find out more Bitcoin dogs here.