Cardano (ADA) and The Graph (GRT) are surging as altcoins eye a new leg up. The prices of ADA and GRT were up 9% and 15% early Sunday, trading above $0.63 and $0.21 respectively.
Some altcoins such as Heroes of Mavia, Ronin and Livepeer were also outpacing Bitcoin, which nonetheless showed greater resilience as its price held above the $51k level. Meanwhile, early adopters are flocking to the Bitcoin Dogs presale, which just surpassed the $2 million mark three days into its hot ICO.
Cardano and The Graph prices surge amid market optimism
Smart contracts platform Cardano is seeking an extended upside after the price broke to a year-to-date high above the $0.63. With bulls having stemmed the bearish trend at $0.45 in January, ADA has traded higher in a rising channel and could be on track for a retest of the key resistance zone at $0.66.
Analysts are looking at Cardano’s price moving to the psychological $1 level in coming months, particularly with major network upgrades in the wings. An entry into the tokenization world is also a key move that will bolster Cardano activity and potential push ADA higher.
The Graph (GRT) is a Web3 protocol that is currently the top blockchain tool for developers seeking to build serverless decentralized applications (dApps). The Graph Network’s expansion across multiple blockchains sees it well placed to tap into the expansive DeFi market.
Today’s gains for GRT come as the protocol mirrored sentiment across the artificial intelligence (AI) space – Livepeer, SingularityNET and Fetchai saw similar gains on Sunday. The price of GRT has increased nearly 50% in the past two weeks, having traded at $0.15 on February 6. GRT reached a high of $0.22 on February 18 and if bulls push higher, a retest of $0.5 to $1 during the bull market is possible.
Bitcoin Dogs ($0DOG): First BRC-20 ICO on Bitcoin
Bitcoin Dogs is a new metaverse game with 10,000 unique NFTs that offers a Tamagotchi-inspired gaming ecosystem. The project, which launched its pioneering ICO on the Bitcoin blockchain on February 14, has $0DOG as the native utility token and plans to dominate the BRC-20 market. Anyone can join the Bitcoin Dogs Club and take advantage of Bitcoin’s growing ecosystem.
Notably, the Bitcoin Dogs ecosystem is where players will care for their virtual pet dogs, accessing P2E opportunities via races and bets among other offerings.
Bitcoin Dogs presale accelerating
The $0DOG presale has recorded massive early success amid the market’s enthusiasm. As crypto investors and enthusiasts line up to grab a piece of history, fun and investment, the frenzy is palpable. After storming through $1 million and $1.5 million, the ICO has hit stage 2 with total raised so far surpassing the $2 million mark.
$0DOG price has increased from $0.015 to $0.0173, and will rise further every 72 hours as the community grabs the 810 million $0DOG tokens available to early birds. After 30 days of presale, Bitcoin Dogs will list on major exchanges across the market.
In the market, the resurgence of meme coins, NFTs and play-to-earn (P2E) gaming is getting a fresh impetus from the growing interest in the BRC-20 token ecosystem. One of the biggest projects to attract huge attention amid this outlook is Bitcoin Dogs.
Visit the Bitcoin Dogs website for more details about this project or the ongoing presale.
