SwissBlock analysts predict a Bitcoin price target of 76k when the pre-sale of Bitcoin Dogs ends in eight days.
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Earlier this week, Bitcoin set a new all-time high of $69,170 and market experts expect it to go higher.
Bitcoin Dogs has raised more than 8 million dollars so far and the pre-sale will close in eight days.
Bitcoin sets new all-time high targeting $76k.
The cryptocurrency market has been extremely busy this week, with Bitcoin setting a new all-time high on Tuesday. BTC traded at $69,170 on Tuesday, a new all-time high for the first time since November 2021. BTC flash fell to the $62k level after reaching a new high on Tuesday but is slowly recovering.
At press time, the price of Bitcoin is at $65,864.60, up more than 3% in the last 24 hours. Thanks to the recent rally, Bitcoin's market cap has crossed the $1.2 trillion mark for the first time in more than two years.
Despite the new all-time high, SwissBlock analysts are confident that BTC's quick break above the $62,000 level will mark the start of a new uptrend targeting the $76,000 price level.
What is Bitcoin Dogs?
Bitcoin Dogs is one of the most attention-grabbing projects in the Bitcoin ecosystem. It is a unique project as it is the first BRC-20 ICO on the blockchain network.
According to the development team, Bitcoin Dogs combines the basic features of cryptocurrency, intangible tokens (NFTs), decentralized finance (DeFi) and the Web3 culture, offering investors an interesting value proposition. This combination allows users to enjoy an immersive experience while engaging with the Bitcoin Dogs project.
The Bitcoin Dogs ICO started three weeks ago and has already raised more than $8 million. Its launch comes just a few weeks after the launch of Bitcoin ETFs in the US. Bitcoin ETFs launched by BlackRock, Fidelity and others are growing in record numbers as more investors buy into the Bitcoin dream.
Furthermore, the Bitcoin halving is only 46 days away, and it is an exciting event that could see the price of BTC rise in the near future. All these contribute to the unique nature of the Bitcoin Dogs ICO in the market.
Bitcoin Dogs is setting a trend by being the first BRC-20 ICO on the Bitcoin blockchain. His home country $0DOG fosters an ecosystem of Bitcoin dogs.
The pre-sale of Bitcoin Dogs has exceeded 8 million dollars
Bitcoin Dogs presale raised more than $8 million three weeks after launch. The $8.13 million raised so far shows that investor interest is increasing for this project and the project.
In their white paper, the Bitcoin Dogs team stated that there will only be $900 million worth of 0DOG tokens. In addition to purchasing the tokens, investors also get access to a unique collection of NFTs and an immersive gaming ecosystem.
The pre-sale will last for a month and will end in eight days. The group is already using the rarity and novelty of the BRC-20 to attract investors.
The $0DOG tokens will be issued on the Bitcoin blockchain but investors will buy on ERC-20. This is due to the popularity of ERC-20 tokens. Investors provide a BTC wallet address and receive $0DOG tokens after paying in ERC-20 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 as BTC sets a new all-time high?
Bitcoin has set a new high and investors are paying more attention to Bitcoin-related projects. Bitcoin Dogs is the first ICO on the Bitcoin blockchain and is already attracting investor interest.
Combined with the actual adoption rate and the bullish cycle going on, $0DOG could be one of the big winners in the coming months and years.
