Uniswap (UNI) is on an epic 24-hour show with a massive 70% jump. Meanwhile, several governance tokens across the decentralized finance (DeFi) space are outperforming peers in the crypto market as the sector looks poised for a return to winning ways.
Amid this DeFi show of upside potential is the eye-catching presale performance of Bitcoin Dogs. Here are the facts about today’s top crypto performers.
Bitcoin Dogs presale shows unrivaled pace
In just ten days, Bitcoin Dogs has raised over $4.3 million in its presale. The pace puts this new project on track to its much anticipated market launch in mid-March.
This is because Bitcoin Dogs’s ground-breaking token sale is the first ICO on the Bitcoin blockchain, and the storyline so far is that the digital dog has arrived.
After surpassing the $4 million mark yesterday, investors have added more than $350k in less than 24 hours. But is Bitcoin Dogs and what makes it such an attractive crypto project?
What is Bitcoin Dogs?
The manner in which the crypto community has taken to this NFT and game project speaks of its potential. It’s not just about how Bitcoin Dogs is set to redefine the nascent Bitcoin Ordinals and game ecosystem, but also the new investment space emerging around it.
The native $0DOG token is a BRC-20 token, which the holder will use to access the Bitcoin Dogs game and exclusive NFT collection. The play-to-earn ecosystem it brings to the Bitcoin ecosystem will also see players race each other with their virtual pet dogs to earn $0DOG.
All the while, users will benefit from Bitcoin’s network security and reliability.
Discover more about Bitcoin Dogs from its whitepaper. The community, which is just shy of 100k on X, can also be a good place to learn more.
UNI, DYDX, SNX spike amid Uniswap governance proposal: DeFi resurgence?
The Uniswap Foundation’s proposal to distribute revenue to network stakers and delegators has increased the UNI price vertical in the past 24 hours.
Uniswap Foundation’s Governance Lead Erin Koen submitted the new proposal on February 23, outlining the restructuring to the DEX protocol’s revenue mechanism. According to Koen, the proposal is a “large-scale upgrade to the system.”
“Specifically, I believe we should upgrade the protocol so that its fee mechanism rewards UNI token holders that have staked and delegated their tokens,” he noted.
While the community still has to pass and adopt the stated changes, the overall sentiment was all visible in the Uniswap (UNI) price reaction. Its price rose to near $13 on Saturday, hitting the highest level since January 2022.
As UNI price reacted with a massive upside candle, the rest of the DeFi market took cue. Native governance tokens of dYdX ($DYDX), Synthetix ($SNX) and Aave ($AAVE) also rose, as did Avalanche-based DEX platform Pangolin (PNG).
Meanwhile, the total value locked in DeFi protocols rose to above $80 billion, and could shoot further given bull market predictions.
Is this an opportunity to buy Bitcoin Dogs ($0DOG)?
The presale offers the best entry levels with quick pre-market launch upside. For Bitcoin Dogs its 30 days, 10 presale stages and 810 million token supply.
When the presale ends, unsold tokens will be burned. On the other hand, the $0DOG price will have risen from $0.015 to $0.0404 – indicating early adopters could lock up presale gains of up to 169.33%.
Given the expected BTC rally amid spot Bitcoin ETF, Bitcoin halving and Inscriptions and BRC-20 growth, this might be the time to get a token that could tap into this momentum for its own explosive performance.
Check out the $0DOG presale page.
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