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Key takeaways

• Bitcoin has crossed the $48k mark for the first time since 2022.

• Bitcoin Dogs presale will start in three days and can be the first BRC-20 ICO on the Bitcoin community. 

Bitcoin eyes the $50k mark following its latest rally

The cryptocurrency market has been bullish since the begin of the 12 months, with costs hovering to new ranges. Bitcoin, the world’s main cryptocurrency by market cap, has crossed the $48k degree for the first time since 2022.

At press time, the price of Bitcoin stands at $48,080 per coin. Bitcoin’s rally has additionally seen different main cryptocurrencies attain new ranges, with Ether now buying and selling above $2,500 per coin.

What is Bitcoin Dogs?

With Bitcoin main the market cost at the second, it’s anticipated that initiatives launching on the Bitcoin blockchain will take centre stage. One such mission is Bitcoin Dogs. 

Bitcoin Dogs is a pioneering mission that’s leveraging the energy of the Bitcoin community. It is a novel mission as a result of it’s the first BRC-20 token ICO. Bitcoin Dogs is ready to supply buyers a wonderful worth proposition as a result of it combines parts of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 tradition to create an immersive expertise for buyers and lovers alike.

Bitcoin Dogs will even be launching at a time when Bitcoin’s worth is approaching its earlier all-time excessive and the latest launch of spot Bitcoin ETFs in the United States. 

In the final, most presales in the crypto market have been ERC-20 and BNB tokens. However, Bitcoin Dogs is altering the narrative by introducing $0DOG, its native token, as a novel funding alternative on the Bitcoin blockchain. 

The improvement crew intend to make use of the token to underscore the potential for development and adoption inside the Bitcoin ecosystem.

Bitcoin Dogs presale commences in three days

The Bitcoin Dogs presale is ready to start in three days and can usher in a brand new period inside the Bitcoin ecosystem. 

$0DOG can be the first BRC-20 token ICO on the Bitcoin community. According to the crew, there could be 900 million tokens minted. The mission will even supply buyers entry to an unique NFT assortment and an immersive gaming ecosystem harking back to in style titles like Axie Infinity and Tamagotchi. 

The token may achieve huge adoption in the medium to long run because of its distinctive mix of utility and leisure. The crew revealed that the presale will final for just one month. Thanks to the rarity and novelty of BRC-20, buyers may document huge earnings if the mission good points the proper degree of adoption. 

However, whereas the tokens can be minted on BRC-20, buyers will buy the tokens on ERC-20, with buyers offering a BTC pockets deal with. The deal with an investor supplies will then obtain Bitcoin Dogs tokens. The mission will even reap the benefits of the NFT market by creating an NFT assortment. 

Click here to study extra about the Bitcoin Dogs presale. 

Should you purchase the Bitcoin Dogs token?

$0DOG may very well be one among the greatest winners in this Bull Run as it’s set to reap the benefits of the Bitcoin community. 2024 is slated to be the begin of a brand new Bull Run and Bitcoin is already eyeing the $50k mark. 

With the Bitcoin halving in lower than three months, altcoins such as $0DOG may rally larger. Furthermore, the US Federal Reserve is anticipated to chop rates of interest over the coming months, pushing extra buyers into the crypto market. 

With the proper degree of adoption, Bitcoin Dogs may document huge good points in the coming months and years, much like the success recorded by Bitcoin Cats (achieved $50M 24-hour buying and selling volumes quickly after launch).