Should you start buying BTC related projects?
Key receivers
Bitcoin saw its all-time high of $69k.
The crypto market has been very busy this week, increasing 20% in the last seven days as it ran towards the $64k level. Thanks to this week's rally, BTC is now closed at a high of $6k
At the time of press release, the price of Bitcoin was $61,911, down 1% in the last 24 hours. If BTC continues its rally, it could set a new all-time high in the coming days or weeks.
If the bulls take hold, the world's leading cryptocurrency will see the next resistance level at $65k in market value.
What is Bitcoin Dogs?
Bitcoin dogs are likely to be the biggest beneficiaries as BTC continues to rally to higher prices. It is a special project that is starting on the Bitcoin blockchain.
Bitcoin Dogs harnesses the power of the Bitcoin blockchain to provide utility to its users. It is the first BRC-20 token ICO on the Bitcoin network.
The development team believes that Bitcoin Dogs offers an interesting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture.
The Bitcoin Dog ICO is in full swing and comes just weeks after the launch of spot Bitcoin ETFs in the US. Spot Bitcoin ETFs launched by BlackRock, Fidelity and others are surging in record numbers, helping BTC rally more than 20% in the past seven days.
Furthermore, Bitcoin's halving event is less than 50 days away and could lead to another big rally in BTC. All these contribute to the unique nature of the Bitcoin Dogs ICO in the market.
Bitcoin Dogs is setting a new trend by introducing its $0DOG token as BRC-20. At the right level of adoption, Bitcoin Dogs Bitcoin blockchain can set a trend that will allow it to compete with Ethereum and BNBChain in ICOs.
The pre-sale of Bitcoin Dogs has exceeded 6 million dollars
The Bitcoin Dogs presale is less than a month old and has already raised over $5 million. Therefore, it shows that the interest of investors for this project and the project is increasing.
The team will issue $900 million worth of 0DOG tokens alone. In addition to this, investors will be allowed access to a unique collection of NFTs and an immersive gaming ecosystem reminiscent of popular titles such as Axie Infinity and Tamagotchi.
The group stated that the pre-sale will last for one month only and will close in 12 days. So far, the project has raised over $6.3 million in less than three weeks.
When the tokens are issued on BRC-20, investors buy the tokens on ERC-20. After paying with ERC-20 tokens, you provide a BTC wallet address and receive $0DOG tokens. Investors can pay for the $0DOG token using ETH, USDT and USDC stablecoins.
Click here to learn more about the Bitcoin Dogs presale.
Should you invest in the Bitcoin Dogs project before the presale ends?
The pre-sale of Bitcoin Dogs ends in 12 days, the value of the token is constantly increasing in this ICO. Currently, $0DOG is running at $0.0281 but will increase to $0.0312 in the next presale level.
The cryptocurrency market has been very bullish since the beginning of the year and investors are already looking for new and exciting projects. At the right level of adoption, Bitcoin Dogs can be one of the projects that attract interest.
