Crypto FOMO is back as the Bitcoin Dogs token sale gains steam

Cryptocurrency investors have embraced the Fear of Missing Out (FOMO) as the Crypto Fear and Greed index has risen recently. The index, which measures the sentiment in the industry, moved to 76 points of greed, the highest point in weeks. This trend occurred when Bitcoin rose above $52,000 and Ethereum neared $3,000. This explains why Bitcoin Dogs has collected more than 2.5 million dollars in the last few days.

Evidence of FOMO in crypto

The main evidence that FOMO has returned to the crypto industry is the rise of most altcoins in the past few days. It's hard to see an altcoin retreating in the past few days. Most of the time, the father went to the country and went to the country.

Kaspa's KAS token has jumped more than 10% in the last 24 hours and 25% in the last 7 days, giving it a market cap of over $4 billion. Additionally, Mini, a new meme coin, has increased by 91% in the last 24 hours.

Other signs that have done well are related to the growing artificial intelligence (AI) craze. This means tokens such as Fetch.ai, SingularityNET, The Graph and Ocean Protocol have surged more than 20% in the last 24 hours. As these coins gather and investors cheer the growth of the industry, it is witnessed by the strength of the likes of Nvidia and Super Microcomputer.

Another evidence of FOMO is that the amount of cryptocurrency traded on both decentralized and centralized exchanges has jumped in the last 24 hours. It grew more than 30 percent to more than $4 billion. Most of these trades took place in Uniswap, DIDX, Jupiter and Orca.

The Bitcoin Dogs token sale continues.

This strength explains why Bitcoin dogs have seen strong traction in the past few days. According to the data, the cryptocurrency has raised more than $2.5 million, making it one of the fastest growing cryptocurrencies in the world.

Bitcoin Dogs is making history as the first Initial Coin Offering (ICO) on the Bitcoin blockchain. Its developers hope the network will become the biggest player in the rapidly growing Bitcoin ecosystem.

In recent times, we have seen this ecosystem grow at an unprecedented rate. For example, the DeFi ecosystem has seen its total value locked (TVL) jump over $1.5 billion. Among the most popular players in the industry are Merlins Seal, an event in the Merlin Chain, which saw TVL's TVL increase to over $1.2 billion.

Bitcoin Dogs is a game powered by Bitcoin Ordinals and creates a utility for the ODOG token by creating a collection of 10,000 NFTs. You can read this in the white paper here.

Still, there is always a risk involved when investing in cryptocurrencies, especially those in the pre-sale period. The risk is that the coin may fail after listing or the token sale may take a long time before going public. Therefore, it is always important for people to use the best risk-management strategies.