Bitcoin Dogs ($0DOG) is the hottest presale in the crypto market today. The groundbreaking project’s flying ICO has so far raised $6.9 million and is down to just 10 days before it closes.
Meanwhile, Bitcoin (BTC) is eyeing a new all-time high as its price breaks above $65,000, and Ordinal NFTs are on a tear. Discover how these factors could combine to make Bitcoin Dogs the ultimate new gem.
Bitcoin Dogs: New NFT and gaming project on Bitcoin
Bitcoin Dogs is a new cryptocurrency gaming and non-fungible tokens (NFTs) project, with its native token issued on the BRC-20 token standard.
Access to the immersive experiences of the metaverse game will be via the native $0DOG token. This token, which has a total supply of 900 million, isn’t just a nod to man’s love for the dog, but the potential that a vibrant community can harness from the growing Bitcoin ecosystem.
This outlook is strengthened by the fact that Bitcoin Dogs is the world’s first-ever presale on the Bitcoin blockchain. The project’s 10,000 Ordinal NFTs collection and metaverse club are two of its biggest selling points, and these will tap into Bitcoin’s security.
Apart from that, Bitcoin Dogs is set to tap into a rapidly expanding Bitcoin layer-2 ecosystem, which analysts have said could be the next era of decentralized finance (DeFi), non-fungible tokens (NFTs) and GameFi.
Ordinal NFTs soar
As BTC soars, data shows a notable surge in trading volumes and floor prices of top NFTs in the market.
According to data on CryptoSlam, NFT sales volumes have spiked more than 35% in the past week to hit over $440 million. Sales volume on the Bitcoin blockchain amid the rise in ordinals has jumped 76% in the week to over $173 million.
There’s also been a significant increase in total NFT transactions and buyers, the metrics up 46% and 45% respectively.
Other than the NFT market, the DeFi ecosystem is also recording a comeback. The total value locked (TVL) in DeFi has surged from just over $58 billion in early January to more than $94 billion.
Bitcoin Dogs outlook: Presale ends in 10 days
Bitcoin Dogs unveiled its project in February, announcing a 30-day presale for the 0DOG token. The market reaction swiftly saw it raise $1 million in under 24 hours, and interest has only grown as the pioneering ICO nears its close on March 15.
Between now and then, it’s just 10 days, or just over a week. It’s an open window to grab a token likely to be among top opportunities in 2024.
DeFi, NFTs, gaming and the metaverse – a range of narratives that could be on the cusp of a major breakout.
With Bitcoin (BTC) price reaching its highest level since roaring to $69k in 2021, it may be a matter of when, not if, it does hit a new ATH. The optimism and momentum engulfing the crypto market therefore has Bitcoin Dogs poised as one of the tokens to watch.
You can join the presale here.
