Bitcoin Dogs Set to Breakout in 2024: Is This the Next Must-Buy Crypto?
Sep 17, 2024
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Bitcoin ETF inflows have flipped positive again, and TradFi buyers are scooping the dip. Fear is steadily being replaced with optimism, and while derivatives markets show a slight edge towards bears over bulls, the message is clear.
Investors expect more short-term volatility, but spot buyers are absorbing at these levels, confident that crypto will trade much higher in the next six months. Risk assets love rate cuts and a growing money supply. They currently have both.
Throw into the mix presidential candidates discussing crypto and going after the crypto vote, and everything points to a wild Q4 that will blindside many investors. What is the must-buy crypto before the madness begins? 100X price predictions point to Bitcoin Dogs being a hidden gem, and analysts forecast an imminent breakout. Here’s why it could be the next must-buy crypto.
What is Bitcoin Dogs?
Bitcoin Dogs was Bitcoin’s first-ever ICO project, and this light-hearted meme coin packs a serious punch. It is pushing what is possible on Bitcoin. The native 0DOG token launched as a BRC-20 token, and the project will launch 10,000 virtual and proprietary canines on the Bitcoin network as Ordinals. Beyond this, Bitcoin Dogs has integrated off-chain elements, including its Telegram game, scheduled to ship at the tail-end of this quarter.
All ecosystem projects are soft-pegged to their native asset. When SOL does well, meme coins on the network do well. In Bitcoin Dogs’ case, it is soft-pegged to the king of crypto. It additionally benefits from one undersung market dynamic. DeFi on Bitcoin is a new phenomenon, and as a result, it is drastically underpriced. Bitcoin Dogs is the leading meme coin on BTC and resides in the Goldilocks zone for speculation. Housed on the network boasting the most capital in crypto and simultaneously undervalued, it is no surprise analysts forecast bumper 100X price predictions for this hidden gem.
How Telegram games took the world by storm
Telegram games were the big surprise of this cycle. While VCs poured hundreds of millions into producing Triple-A games on-chain, the free market has spoken, and what players want is more simplistic mobile Telegram games. Hamster Kombat attracted 300 million users, Notcoin notched up 40 million users, and several other competitors attracted many millions of users.
The true sweet spot will be somewhere in the middle. Bitcoin Dogs’ Telegram game draws on childhood nostalgia for the biggest crypto investor demographic built on the same lines as Tamagotchi. The game will reward dedication and those who put effort into caring for and leveling up their virtual canines. It will have a winner-take-all duel feature where users can put their 0DOG on the line and an incredible passive income feature where dogs will be able to ‘work’ and earn 0DOG. Dive into the whitepaper to find out more about what could be 2024’s biggest Telegram game!
0DOG Q4 price prediction
Bitcoin Dogs' classification as a must-buy crypto from analysts, alongside their 100X price predictions, has motivated smart money with on-chain data showing whales gobbling up tokens at the current price. Conservative price predictions see 0DOG trading between $1.29 and $1.57 at the end of Q4. If the Bitcoin Dogs’ game goes viral, these price predictions will go out of the window, and 0DOG should trade magnitudes higher. Such aggressive market confluence is rare. Rising liquidity levels, rate cuts, and BTC are about to enter its post-halving rally. As a BRC-20 token, 0DOG is staring down the barrel of a whirlwind of powerful macro catalysts and could quickly become the next breakout token this quarter.
Visit the official Bitcoin Dogs website to learn more.
The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.
Author and journalist. Have a bachelor's degree in History and several years of experience in different media
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