March 11, 2024, London, UK, Chainwire
Bitcoin made history and hit a new all-time high of $71,000, which led to a significant increase in the global cryptocurrency market cap, which is currently heading towards $2.7 trillion.
Riding the current Bitcoin wave, first ever There are five days left until the presale for the Bitcoin network Bitcoin Dogs closes on March 15, with more than $9.7 million raised since its debut on February 14.
There is optimism surrounding the cryptocurrency market among investors, with experts providing evidence that a bull market may begin in 2023. The Bitcoin ETF approval in January, the halving in April, talk of an ETH ETF approval later this year, and suspicions of a Federal Reserve interest rate cut are shaping up to be an optimal bullish trend, and the Bitcoin Dogs team is hoping for the first bull run. Coins like 0DOG are ready to ride this wave as 2024 progresses.
0DOG can be purchased at: Bitcoin Docs website.
BTC Sets Site for Bitcoin Dogs Launch
2024 is going to be interesting to say the least. The Bitcoin Dogs team attributes part of the project’s success to bizarre timing.
The bull market began to snowball at the start of the year thanks to January’s ETF approval. The SEC passed 11 spot applications, causing large financial institutions such as Blackrock and Fidelity to begin accumulating BTC in unprecedented quantities. Blackrock’s funds now have total inflows exceeding $11.5 billion.
But this is further complicated by other sources of institutional buying pressure beyond ETFs. Michael Saylor’s MicroStrategy is doubling down on its long-term BTC accumulation strategy, acquiring $100 million in new debt to buy Bitcoin last week. MicroStrategy currently holds more BTC than any other publicly traded company and has over $13 billion in assets at current prices.
Saylor recently met with Jeff Bezos, and commentators have questioned the Amazon boss’ Bitcoin purchases. Bezos recently sold $8.5 billion in AMZN stock, and rumors are swirling that the sale was made to fund his BTC acquisition. If the purchase is confirmed, Bezos will join Saylor and Elon Musk in the club of BTC-backed billionaires.
Lastly, the Federal Reserve is expected to cut interest rates starting this year. Lower interest rates are causing investors to see lower returns from “risk-averse” investments like bonds, leading many to look to “risk-averse” assets like Bitcoin for bigger gains. The availability of cheap credit usually also leads to inflation, and Bitcoin is often purchased as an inflation hedge. Both of these forces are likely to stimulate demand for Bitcoin, just as they did during the 2020 bull market.
Ordinal: The Second Wind of the Bitcoin Dogs
The Bitcoin Dogs team suggests that due to the project’s proximity to Bitcoin, it is well-positioned to benefit from the ramifications associated with the historic BTC rally. However, they also highlight that there are additional factors within the Bitcoin ecosystem that could further increase interest in 0DOG.
The project leverages two cutting-edge Bitcoin technologies: BRC-20 and Ordinals NFT. Launched in 2023, the Ordinals protocol will allow you to issue and secure NFTs and custom tokens on the Bitcoin blockchain, similar to Ethereum or Solana.
0DOG is one such token and the first BRC-20 to be launched via ICO. Buyers will be hoping 0DOG follows in the footsteps of other BRC-20 tokens, many of which have enjoyed significant upside. The Bitcoin Cats project’s token, 1CAT, quickly recorded over $50 million in trading volume after launch, while the Ordinals token saw double-digit growth during the recent Bitcoin pump.
Thanks to Ordinals, Bitcoin NFTs are also becoming more popular than Ethereum NFTs. Given this hype magnet, the Bitcoin Dogs team is optimistic that Bitcoin Dogs could be the next viral collection to dominate the market, especially considering the size of its community. Official X Account You have over 100,000 followers before being listed publicly. The team is optimistic that this can take 0DOG to new heights.
There are less than 5 days left in the Bitcoin Dogs pre-sale and the final pre-sale price is $0.0404. After this period, the coins will be released. Considering current market trends and future developments, Bitcoin Dogs could be an exciting opportunity for those who will be watching the latest Bitcoin developments closely.
Introduction to Bitcoin Dogs
Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time, NFTs, games and a new token type are coming together to offer the first ICO on the original Bitcoin blockchain. Bitcoin’s true permissionless immutability is being leveraged to create 0DOG tokens, and Play-to-Earn (P2E) gaming experiences and NFT collections are being developed exclusively for 0DOG holders.
Users can visit the following site to find out more information and how to buy Bitcoin Dogs (0DOG). Website.
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