Key takeaways
Bitcoin eyes its all-time excessive value of $69k
The crypto market was bullish this week, including 20% to its worth within the final seven days because it raced to the $64k stage. Due to this week’s rally, BTC is now closing in on its all-time excessive value of $69k
At press time, the value of Bitcoin stands at $61,911, down by 1% within the final 24 hours. If BTC continues its rally, it might set a brand new all-time excessive value within the coming days or even weeks.
The world’s main cryptocurrency by market cap might be eyeing the following resistance stage at $65k if the bulls stay in management.
What’s Bitcoin Canines?
Bitcoin Canines may very well be one of many largest beneficiaries as BTC continues to rally in the direction of its all-time excessive value. It’s a distinctive venture that’s launching on the Bitcoin blockchain.
Bitcoin Canines will leverage the Bitcoin blockchain’s energy to supply utility to its customers. It’s the first BRC-20 token ICO on the Bitcoin community.
The event workforce imagine that Bitcoin Canines will provide traders an thrilling worth proposition by combining the essential options of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 tradition.
Bitcoin Canine’s ICO is in full swing and comes barely a couple of weeks after the launch of spot Bitcoin ETFs within the US. The spot Bitcoin ETFs launched by BlackRock, Constancy, and others are raking in file numbers and this has helped BTC to rally by greater than 20% within the final seven days.
Along with that, the Bitcoin halving occasion is lower than 50 days away and will result in one other huge rally by BTC. All these contribute to the particular nature of Bitcoin Canines’ ICO out there.
Bitcoin Canines is setting a brand new pattern by introducing its $0DOG token as BRC-20. With the suitable stage of adoption, Bitcoin Canines might set the pattern that will permit the Bitcoin blockchain to compete with Ethereum and BNBChain when it comes to ICOs.
Bitcoin Canines presale surpasses $6 million
The Bitcoin Canines presale is lower than a month previous and has already raised greater than $5 million. Thus, indicating rising curiosity amongst traders for this venture and its token.
The workforce will solely mint 900 million $0DOG tokens. Along with that, traders could be granted entry to an unique NFT assortment and an immersive gaming ecosystem harking back to widespread titles like Axie Infinity and Tamagotchi.
The workforce revealed that the presale will solely run for a month and is about to shut in 12 days. To this point, the venture has raised greater than $6.3 million in lower than three weeks.
Whereas the tokens might be minted on BRC-20, traders will purchase the tokens on ERC-20. They’ll present a BTC pockets handle and obtain $0DOG tokens after paying with ERC-20 tokens. Buyers pays for the $0DOG token utilizing ETH, USDT and USDC stablecoins.
Click on right here to be taught extra in regards to the Bitcoin Canines presale.
Must you spend money on the Bitcoin Canines venture earlier than the presale ends?
The Bitcoin Canines presale is about to finish in 12 days, with the token’s value steadily rising all through this ICO. At present, $0DOG goes for $0.0281 however will enhance to $0.0312 within the subsequent presale stage.
The cryptocurrency market has been bullish for the reason that begin of the 12 months and traders are already searching for new and thrilling tasks. With the suitable stage of adoption, Bitcoin Canines may very well be one of many tasks attracting curiosity.
