Swissblock analysts predict a Bitcoin price target of $76,000 as the Bitcoin Dogs pre-sale ends in eight days.

Key Takeaways

• Bitcoin hit an all-time high of $69,170 earlier this week, and market experts expect the price to rise even higher.

• Bitcoin Dogs has raised over $8 million to date, and the pre-sale ends in eight days.

Bitcoin reaches all-time high of $76,000

Cryptocurrency markets have been very strong this week, with Bitcoin hitting an all-time high on Tuesday. BTC traded at $69,170 on Tuesday, its first all-time high since November 2021. BTC flash crashed to the $62,000 level after hitting a new all-time high on Tuesday, but is slowly recovering.

At the time of reporting, bitcoin price It rose more than 3% in the last 24 hours to $65,864.60. Thanks to the recent rally, Bitcoin market capitalization has now surpassed $1.2 trillion for the first time in over two years.

Despite setting a new all-time high, Swissblock analysts are confident that BTC’s quick break through the $62,000 level signals the start of a new upward trend targeting the $76,000 price level.

What are Bitcoin Dogs?

bitcoin dog It is one of the projects receiving attention within the Bitcoin ecosystem. It is a unique project in that it is the first BRC-20 ICO on a blockchain network.

According to the development team, Bitcoin Dogs will combine the fundamental features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to offer an interesting value proposition to investors. This combination allows users to enjoy an immersive experience when participating in the Bitcoin Dogs project.

The Bitcoin Dogs ICO launched three weeks ago and has already raised over $8 million. This launch comes just weeks after the launch of the US spot Bitcoin ETF. Spot Bitcoin ETFs launched by BlackRock, Fidelity and others are seeing record numbers as more investors buy into the Bitcoin dream.

In addition, there are only 46 days left until the Bitcoin halving, which is an interesting event that could cause BTC prices to surge in the short term. All of this contributes to the special nature of Bitcoin Dogs’ ICOs in the market.

Bitcoin Dogs is setting a trend by becoming the first BRC-20 ICO on the Bitcoin blockchain. Native $0DOG will fuel the Bitcoin Dogs ecosystem.

Bitcoin Dogs presales exceed $8 million.

The Bitcoin Dogs presale has already raised more than $8 million in about three weeks since launch. The $8.13 million raised to date indicates growing investor interest in the project and its token.

In the white paper bitcoin dog The team said there will only be 900 million $0DOG tokens. In addition to acquiring tokens, investors will also have access to an exclusive collection of NFTs and an immersive gaming ecosystem.

The pre-sale will last for a month and will end within 8 days. The team is already leveraging the scarcity and novelty of the BRC-20 to attract investors.

$0DOG tokens will be issued on the Bitcoin blockchain, but investors will purchase them on ERC-20. This is due to the popularity of ERC-20 tokens. Investors will pay with ERC-20 tokens, then provide their BTC wallet address and receive $0DOG tokens. Investors can pay for $0DOG tokens using ETH, USDT, and USDC stablecoins.

Click here Learn more about the Bitcoin Dogs pre-sale.

Should you invest in the Bitcoin Dogs project as BTC hits new all-time highs?

Bitcoin has reached new all-time highs and investors are paying more attention to Bitcoin-related projects. bitcoin dog As the first ICO on the Bitcoin blockchain, it is already attracting investor attention.

Combined with a sustained bullish cycle and appropriate adoption levels, $0DOG could be the biggest winner in the coming months and years.