Cat in a dogs world (MEW) jumped to a new all-time high on Thursday, riding positive news to top the biggest gainers chart ahead of rival meme coins Popcat and dogwifhat. Elsewhere, the crypto king Bitcoin (BTC) smashed past $68,500 as bulls looked to awaken with new targets in sight.
While it did not record a huge move on the day, the Bitcoin Dogs (0DOG) token nicely bounced to a key level likely to offer another leg higher for the GameFi and NFTs project. With a major game launch coming at the end of the month, 0DOG could be one of the tokens to ride multiple catalysts towards staggering gains.
BTC reclaims $68k
The crypto market remains in an upward trajectory despite this week’s downside action that had Bitcoin price falling to lows of $65,440.
Amid a fresh “Uptober” move and positive vibes around the U.S. election, BTC has seen Bitcoin spring back to above $68,000. The benchmark cryptocurrency was retesting highs of $68,500 at the time of writing.
Crypto analyst Rekt Capital shared the chart below showing it might be early days in the bull cycle.
Meanwhile, meme coins are topping biggest gainer charts as dog-themed, cat-themed and PolitiFi tokens track a potential super cycle. In the past few days, investors have tapped declines for buy opportunities, with layer-1 coins lagging overall best performers.
MEW surges to lead top meme coins
Cat in a dogs world (MEW), Popcat (POPCAT) and Book of Meme (BOME) dominated the top 100 by market cap list on Thursday.
While news such as Bitstamp’s listing of MEW has contributed to the 24-hour gains, the overall meme coin momentum may just be starting. An explosive run in the next months could see MEW and other Solana-based meme coins lead the next bull market.
MEW reached its new all-time high of $0.01136 amid a 95% surge in two weeks. The meme coin’s price was 23% up in the past 24 hours.
Is Bitcoin Dogs (0DOG) ready to explode?
Ahead of what could be a massive bull run, many investors are looking at Bitcoin Dogs (0DOG). In particular, its Bitcoin Dogs’ outlook in relation to two of the hottest trends in the market – Bitcoin and the launch of the highly-anticipated Bitcoin Dogs game.
Bitcoin Dogs launched the first-ever ICO on Bitcoin, raising over $13.4 million amid massive interest and confidence from investors.
As such, investors bullish on BTC price are increasingly taking a look at 0DOG.
Bitcoin Dogs game launch and BTC price key
While its price performance may be linked to the overall BTC play, the fact that Bitcoin Dogs is still a small-cap token signals the potential for it to explode. This happened as Bitcoin recently rallied from below $65k to near $69,300.
If the mega-cap digital asset jumps above $70k and tracks a new all-time high, the 0DOG token could see an even bigger jump.
The other catalyst could be the upcoming launch of the Bitcoin Dogs game. The project has announced the game is set to drop at the end of the month and the excitement around its community is rising as the launch approaches. Users can currently check out sneak peeks, including the game’s epic arenas.
0DOG price jumped 36% this week
The negative for Bitcoin Dogs may be if crypto slumps in coming months, or the game fails to live up to expectations.
Nevertheless, at $0.009769, 0DOG trades at a price level that may turn out to be a massive bargain. In the past week, the token’s value has increased by 36%. It’s a 56% jump in the past two weeks.
Learn more about Bitcoin Dogs on their official website.
