Bitcoin Dogs rises as Bitcoin (BTC) breaks above $64,000 and meme coins shine.
The positive start to the week for BTC is exciting not just BTC bulls, but the broader market.
A retest of $64k for BTC has most top altcoins flipping green and meme coins including Bitcoin Dogs are eyeing fresh momentum.
Bitcoin Dogs (0DOG) has seen a decent increase in buying over the past week as investors turned to meme coins.
As Bitcoin (BTC) and top coins such as Ethereum (ETH), Solana (SOL), and XRP (XRP) target upside strengthening, the meme coin market has heat significantly.
Data from CoinGecko shows that most Solana, Tron, Ton and Base meme coins have all had a decent surge this past week. Indeed, the broader meme coins market cap has reached $59 billion with a 3% spike in 24 hours.
Meanwhile, BRETT, MOG and BOME are some of the trending coins – all have posted notable double digit gains as at writing. Amid this upside movement for meme coins has been substantial interest in Bitcoin Dogs, the first ICO on Bitcoin.
After raising over $13.4 million from early birds, the token 0DOG listed on major exchanges and currently boasts an 18% uptick since hitting its all-time lows of $0.006 on Oct. 11.
Bitcoin Dogs: Game teaser excites investors
Apart from being the first-ever ICO on the Bitcoin network, its gaming and NFTs drive the overall USP of this project.
One major catalyst could be Bitcoin Dogs’ upcoming play-to-earn game. Recently, the project announced a teaser for the game, taking a major step towards public release as the Telegram game ecosystem explodes with tap-to-earn games.
Meanwhile, 0DOG’s listing on top exchanges such as MEXC, Gate.io and Uniswap has the community excited. Particularly, it’s down to speculation that Bitcoin Dogs could be the next project that Binance adds trading support for in coming weeks.
What’s also catalysing interest in 0DOG?
Also catalysing interest in 0DOG is the token’s liquidity pool that offers substantial APY for participants. Investors eyeing the big staking rewards can enjoy an APY of around 370%.
🔥 Who’s farming? Our $0DOG-ETH LP Farm is offering 370% APY for a limited time!
Staking just got a whole lot sweeter. 💸🐾
Add your liquidity now and ride the wave: https://t.co/N5D7QaY1D3 #BitcoinDogs #Crypto pic.twitter.com/gTveRVVwxr
— BitcoinDogsClub (@BitcoinDogsClub) October 13, 2024
BTC price movement also adds to the overall bullish outlook for the BRC-20 token. Bitcoin’s potential spike above $65 as October swings positive could buoy BTC and see 0DOG surge.
These combined with overall bullish sentiment across the crypto market suggests Bitcoin Dogs at current prices may be a huge opportunity.
Investors appear to be taking this chance, buying 0DOG low in the $0.006 and $0.007 range. The price level coincides with a potential bottom for the top meme coin related project on Bitcoin.
A surge in meme coins, coupled with a spike in interest in Bitcoin layer-2 network gems, means Bitcoin Dogs could be on tokens to watch as BTC price touches key levels.
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