Bitcoin saw an explosive surge to above $66,000 on Oct. 14, which happened as spot Bitcoin exchange-traded funds recorded significant inflows. The sentiment that accompanied this BTC spike also saw major cryptocurrencies rise in tandem. That includes Ethereum, BNB and Solana that retested key levels.
While these big cap coins attracted attention, the overall demand from new investors focused on small caps and potential gems. This wave of interest also hit Dogizen, the first ICO on Telegram.
Analyst on Bitcoin price and new demand
The market anticipates a bullish continuation amid various catalysts after BTC reached $66k. Moreover, analysts see the entry of new investors as positive for Bitcoin and the broader crypto market.
In this case, the $555.86 million in net inflows seen on Monday that counts as the biggest since June 4, could be the start of further upside momentum. The same outlook is likely after spot Ether ETFs saw $17 million in net inflows.
“Demand for coin purchases from new investors has resumed, with a 3% increase over the last 10 days. This is a positive signal for the market,” said Axel Adler Jr., a crypto analyst and researcher at CryptoQuant.
According to the macro researcher, a look at the quarterly price performance of Bitcoin shows the market is in early days of a bull market. Sharing a chart comparing current cycle to previous cycles, Adler recently noted:
“In this cycle, the price hasn’t performed above 75% per quarter, while in the previous cycle it was over 200%. Now is the perfect time for bullish traders to put the pedal to the metal.”
This positive sentiment around crypto as the U.S election nears and a supportive macro environment should be good news for bulls.
What is Dogizen?
Dogizen is a new tap-to-earn game on Telegram that recently unveiled the first-ever presale on the 950 million user messaging app. While it draws inspiration from Hamster Kombat and Catizen, Dogizen has more than becoming a top T2E game on its roadmap.
The vision is to grow Dogizen into the ultimate gaming hub on Telegram, with the community using the native DOGIZ token to drive growth.
The project, whose presale will gather pace amid these factors, offers a tantalizing opportunity for early adopters in an ecosystem poised to grow.
Dogizen ICO: Is this a good time to buy DOGIZ?
As of writing, the Telegram tap-to-earn market with coins such as Notcoin, Hamster Kombat and Catizen has grown to nearly $1.4 billion. Meanwhile, the global gaming market is forecast to hit 1.9 billion players in the next five years.
With over 1.3 million players and growing, it’s a huge ecosystem that Dogizen could tap into a post presale demand trajectory to dominate?
As BTC spiked past $66k, investors keen on the Telegram game beta play poured into Dogizen’s presale to push stage 1 raise past $620k.
The ICO price at launch was $0.00007 and will rise to $0.000074 in the next stage.
Learn more or buy DOGIZ from the official Dogizen website.
