The total collected list of Bitcoin dogs is close to $11M
Bitcoin Dogs has become one of the most successful Initial Coin Offerings (ICOs) of the year. Since launching three weeks ago, the developers have raised more than $10 million as they prepare to launch on key exchanges on Thursday. This article explains why Bitcoin dogs have been so successful and what to expect in the future.
Bitcoin Dogs token sales have increased.
Bitcoin Dogs became one of the best performing token sales of the year as its developers succeeded in raising nearly $11 million from investors. It surpassed other popular brands like AltSignals and Memeinator for the year. You can buy the $ODOG token here.
There are three main reasons why Bitcoin Dogs outperformed other token sales this year. It is a pioneering platform that seeks to disrupt the blockchain industry by being the first ICO on the Bitcoin network.
This is a big deal considering that interest in Bitcoin-related assets has increased significantly over the past few months. For example, Bitcoin Ordinals have become the fastest growing players in the Non-Fungible Token (NFT) industry.
Similarly, Stacks, a platform that provides Layer-2 solutions for the Bitcoin ecosystem, has become a leading player in the industry. The token has more than doubled in the past few months.
Second, Bitcoin Dogs has big plans to take over the cryptocurrency industry. According to the white paper, Bitcoin Dogs will create a utility for Took with several features such as 10k NFT collection and gaming.
Also, it got a lot of attention because of the names of dogs that many people associate with meme coins. Most of the commemorative coins, including the likes of Doglon Mars, Floki Inu, and Pepe, have risen significantly over the past few months. As a result, the total market cap of all meme coins has reached over $65 billion.
Crypto bull run
Finally, Bitcoin Dogs has raised a lot of money as the crypto bull run has steamed up. The most recent data shows that when Bitcoin rose above $73,000, the total market capitalization of all coins jumped over $2.7 trillion.
Considering that 15 years ago it was trading at less than $1, Bitcoin's performance has been impressive. This makes it one of the top performing properties in the world. It beat popular stock indexes like the S&P 500 and Nasdaq 100.
In most cases, investors are moving to other cryptocurrencies because of the fear of missing out (FOMO) that Bitcoin is on the rise.
Therefore, there is a possibility that Bitcoin Dogs token price will increase after listing on leading exchanges like Binance, OKX and Kraken.
Still, as with all pre-sale tokens, there is risk involved in investing in cryptocurrencies. As a result, you should invest only the funds you can afford to lose and adopt the best risk management strategies such as stop-loss and take profit.
