Cryptocurrencies have experienced substantial upward momentum year-to-date amid the groundbreaking spot Bitcoin ETF performance. It’s a promising outlook that has investors scouring the depths of the crypto market for hidden gems.
In recent days, one of the tokens to captivate the crypto investing community is Bitcoin Dogs – a pioneering ICO on Bitcoin that just surpassed the $3.5 million mark in its presale.
As Bitcoin Dogs marches on with its standout token sale, here’s why it’s taking the attention away from Polygon and TRON.
Bitcoin Dogs sets ICO market on fire
That’s the main reason. An innovative project set to tap into the security and reliability of Bitcoin to redefine the crypto gaming and NFTs market is a huge story.
Bitcoin Dogs has that distinction after its trailblazing BRC-20 token mint and ICO sale on Bitcoin debuted last week. Amid the broader industry’s banking on a resilient BTC march in coming months, crypto investors taking note of the evolving DeFi and NFTs landscape on the legacy blockchain are aggressively positioning with an early bet on Bitcoin Dogs ($0DOG).
Joining the presale means one can grab $0DOG relatively on the cheap – it’s priced at $0.0198 in the current stage. In about three weeks, the ICO will be hitting the final stage with $0DOG programmed to rise to $0.0404.
TRON (TRX): Circle terminates USDC minting on TRON
On February 20, stablecoin issuer Circle announced an end to its support for the USDC stablecoin on TRON blockchain. While USDC minting on the TRON was a small percentage (compared to over $22 billion on Ethereum), the immediate question was whether industry giant Tether would pull the plug on USDT minting on TRON too. That hasn’t happened and Tether is yet to publicly comment on this.
The market is thus watching keenly what happens, with the critical role of USDT in the ecosystem and on TRON top of the list of “what next?”
Notably, TRON founder Justin Sun released an ambitious roadmap outlining fresh Bitcoin Layer-2 and BRC-20 use cases. Tapping into the potential within the Bitcoin ecosystem was at the center of that proposal, with market observers pointing to the possible benefit this could have not just for BTC but TRON’s TRX.
Polygon: MATIC enters full circulation
Polygon (MATIC) has unlocked over 273 million tokens, meaning the Ethereum layer-2 solution has entered full circulation. The milestone has coincided with an uptick in the price of MATIC, which rose to highs of $0.98 early Thursday. However, a dip across the crypto market as Bitcoin faced new GBTC-driven sell pressure has pushed MATIC to $0.95.
Despite this outlook, Polygon’s MATIC is one of the tokens to watch amid the various upgrades and network developments.
Why is Bitcoin Dogs likely to dominate the market?
The Bitcoin Dogs whitepaper outlines a vibrant ecosystem with $0DOG at the core. Holders will combine their love for man’s canine companion with the real utility and investment opportunity in gaming, DeFi, NFTs.
Bitcoin Dogs is eyeing dominance that surpasses the success of Axie Infinity, Tamagotchi and BAYC. The main selling point here is the value that Bitcoin adds to the whole ecosystem as the base layer.
In the next 30 days, the $0DOG presale will conclude – opening up its listing on crypto exchanges. If you are hunting for a new token with a real chance of taking on the Bitcoin evolution, checking out the Bitcoin Dogs presale could prove a very smart move.
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