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Bitcoin approaches its $69k all-time high price: Should you start buying BTC-related projects?

Key takeaways

  • BTC continues to trade around $62k as it closes in on its all-time high price.

  • Bitcoin Dogs’ presale will end in 12 days and has already raised over $6.3 million

Bitcoin eyes its all-time high price of $69k

The crypto market was bullish this week, adding 20% to its value in the last seven days as it raced to the $64k level. Thanks to this week’s rally, BTC is now closing in on its all-time high price of $6k

At press time, the price of Bitcoin stands at $61,911, down by 1% in the last 24 hours. If BTC continues its rally, it could set a new all-time high price in the coming days or weeks. 

The world’s leading cryptocurrency by market cap will be eyeing the next resistance level at $65k if the bulls remain in control. 

What is Bitcoin Dogs?

Bitcoin Dogs could be one of the biggest beneficiaries as BTC continues to rally towards its all-time high price. It is a unique project that is launching on the Bitcoin blockchain. 

Bitcoin Dogs will leverage the Bitcoin blockchain’s power to provide utility to its users. It is the first BRC-20 token ICO on the Bitcoin network.

The development team believe that Bitcoin Dogs will offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. 

Bitcoin Dog’s ICO is in full swing and comes barely a few weeks after the launch of spot Bitcoin ETFs in the US. The spot Bitcoin ETFs launched by BlackRock, Fidelity, and others are raking in record numbers and this has helped BTC to rally by more than 20% in the last seven days. 

In addition to that, the Bitcoin halving event is less than 50 days away and could lead to another massive rally by BTC. All these contribute to the special nature of Bitcoin Dogs’ ICO in the market. 

Bitcoin Dogs is setting a new trend by introducing its $0DOG token as BRC-20. With the right level of adoption, Bitcoin Dogs could set the trend that would allow the Bitcoin blockchain to compete with Ethereum and BNBChain in terms of ICOs. 

Bitcoin Dogs presale surpasses $6 million

The Bitcoin Dogs presale is less than a month old and has already raised more than $5 million. Thus, indicating rising interest amongst investors for this project and its token. 

The team will only mint 900 million $0DOG tokens. In addition to that, investors would be granted access to an exclusive NFT collection and an immersive gaming ecosystem reminiscent of popular titles like Axie Infinity and Tamagotchi.

The team revealed that the presale will only run for a month and is set to close in 12 days. So far, the project has raised more than $6.3 million in less than three weeks. 

While the tokens will be minted on BRC-20, investors will buy the tokens on ERC-20. They will provide a BTC wallet address and receive $0DOG tokens after paying with ERC-20 tokens. Investors can pay for the $0DOG token using ETH, USDT and USDC stablecoins.

Click here to learn more about the Bitcoin Dogs presale.

Should you invest in the Bitcoin Dogs project before the presale ends?

The Bitcoin Dogs presale is set to end in 12 days, with the token’s price steadily rising throughout this ICO. Currently, $0DOG is going for $0.0281 but will increase to $0.0312 in the next presale stage. 

The cryptocurrency market has been bullish since the start of the year and investors are already looking for new and exciting projects. With the right level of adoption, Bitcoin Dogs could be one of the projects attracting interest. 

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Focus shifts to altcoins amid Ethereum (ETH) surge: Stacks (STX) and InQubeta (QUBE) emerge as tokens to watch

Ethereum (ETH) has been making headlines for several reasons, from the experimental ERC-404 token standard to the anticipated Dencun network upgrade—the biggest since Shapella. In the crypto market, Ethereum, the leading altcoin, has been flying, recently hitting $3,400. With the alt season here, investors’ focus has now shifted to low and mid-cap coins, aiming to position themselves for massive gains.

On this list are Stacks (STX) and InQubeta (QUBE), two top altcoins that are buzzing with potential, with some analysts predicting that they could be some of the best cryptos to buy now.

InQubeta (QUBE): an emerging altcoin to watch

InQubeta (QUBE) emerged as a subject of much interest following its surge past $10.5 million in presale—an incredible feat. This remarkable milestone sets it apart from most of the new ICOs. That isn’t all; the massive presale participation highlights investor confidence in its potential, suggesting an explosive debut.

The growing interest in this emerging crypto can be attributed to its innovative blend of AI and crypto—two of the world’s most transformative technologies. As a fundamentally strong altcoin, it aims to reshape the burgeoning AI market by building the first crypto-based crowdfunding platform for AI startups and democratizing access to the market. 

Its custom-built NFT marketplace will make a huge difference in the AI landscape. Here, tech startups can raise capital by minting investment opportunities as equity-based NFTs and offering them to investors. On the other hand, investors can own stakes in trailblazing AI businesses, irrespective of their income.

In the eighth stage of the ICO, a token is competitively priced at $0.0245. Some analysts’ confidence in its potential is through the roof, with several tipping it for a 4,500% upswing after its launch, which if it comes to fruition would likely make it the best new crypto to invest in.

Ethereum (ETH): remarkable market surge

Ethereum (ETH) is the second-largest crypto by market cap and the leading altcoin. It touched $3,400 earlier this week, putting it within striking distance of its $4,800 all-time high (ATH). Its upswing can be attributed to several factors, from the imminent approval of the spot ETH ETF to the anticipated Dencun upgrade.

The SEC is expected to either approve or reject VanEck’s Ethereum ETF application in May, which will show the agency’s stance towards the investment product. Additionally, the Ethereum Foundation recently announced March 13 as the launch date of the eagerly awaited Dencun upgrade—the biggest since Shapella.

Soaring on the back of these developments, Ethereum has been charting a bullish course. According to analysts, it will likely rally past $4,000 before May, positioning it as one of the best cryptos to invest in.

Stacks (STX): an altcoin to watch for significant gains

Despite the buzz around GoDaddy’s integration with ENS for domain name linking and Wormhole’s snapshot of an upcoming airdrop, Stacks (STX) has managed to maintain market hype. It continues to make headlines following its explosive growth as it goes on an upward charge.

After hitting $3, it has been gathering steam, aiming to flip its $3.2 ATH, which is close. Afterwards, it will go on price discovery, making it a good crypto to buy. If you seek significant gains — especially considering 2024 is a potential bull market—Stacks is a compelling investment and one of the best altcoins.

To avoid missing out on this bullish wave or FOMOing (fear of missing out), we suggest adding Stacks to your portfolio now.

Conclusion

The significant uptick in Ethereum’s price has improved investor confidence, with Stacks and InQubeta enjoying growing attention. As a top ICO and an AI altcoin, QUBE is poised to skyrocket after its launch—a wave you can ride by participating in the presale by visiting the InQubeta Presale. You can also access updates concerning the project by joining the InQubeta Communities.

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What’s happening with LUNC price?

  • LUNC price rose to highs of $0.000185 as Binance burned 2.21 billion of the tokens.
  • The Terra Luna Classic token burn has reached 53 billion on Binance and 100 across the ecosystem.

LUNC price is up 27% in the last 24 hours, trading to above $0.00018 early in the day. The Terra Luna Classic token has jumped more than 83% in the past month.

With trading volume surging by 143% in the past 24 hours to over $332 million, LUNC is one of the top performing coins today as Bitcoin price hovers near $61,000.

Why is LUNC price soaring today?

While LUNC’s price has soared over the last few weeks alongside other altcoins as BTC spiked, the latest uptick comes as the community reacts to the latest burn news.

Binance announced on March 1, 2024 that it had burned 2.21 billion LUNC tokens. The crypto exchange has supported the LUNC burn program since 2022.

The 19th batch of Binance’s Terra Luna Classic burn saw the total number of tokens the exchange has burnt rise to 53 billion.

Meanwhile, with LUNC burn across the ecosystem also happening, the overall number of tokens permanently removed from circulation has jumped to more than 100 billion LUNC.

According to Terra Luna Classic community member Vegas, burnt tokens are from tax, CEXs and utilities.

The upward momentum for LUNC has the cryptocurrency’s market cap crossing above $1 billion. The price has reached levels last seen in December 2023, and could target $0.000258 in coming weeks.

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Centrifuge (CFG) price ready for parabolic rally, top analyst says

  • Crypto analyst Alex Wacy predicts parabolic rally for Centrifuge (CFG) amid explosion in tokenization industry.
  • CFG price is near $0.7 today and could rally to a new all-time high amid an altseason.

Crypto analyst and researcher Alex Wacy says Centrifuge (CFG) could go parabolic and reach a new all-time high amid the altseason. The price of CFG is up 13% in the past week and 40% in the past month.

In the past two months, the altcoin’s value has bounced off resistance around the $0.70 area. Wacy sees the first main target for the bulls at $1.2, with vertical gains likely to push CFG past its all-time high above $2 reached in 2021.

Centrifuge and the DeFi/Real-World Assets narrative

Centrifuge (CFG) is one of the top projects in the real-world assets (RWAs) space. It launched in 2017 and milestones achieved include the minting of MakerDAO’s first RWA and onchain securitization. In 2022, Centrifuge partnered with BlockTower to bolster onchain financing of real-world assets.

The onchain finance protocol’s team projects a run to $1 billion in Total Value Locked in 2024, with growth helping add $4 million in network fees to the Centrifuge Treasury. The revenue will come from protocol fees and Centrifuge Prime, an infrastructure service that allows decentralized autonomous organizations (DAOs) to invest in real-world assets.

“Protocol fees are going live on Centrifuge in order to ensure self-sustainability of the protocol,” the Centrifuge team noted in a recently published blog post.

Centrifuge has also recently partnered with crypto platform Finoa to expand RWA investments for institutions. These and many other key developments have CFG price ready to explode.

“The chart looks exceptionally clean, and the potential targets could be substantial as industry leaders in the RWA sector are likely to attract significant attention,” Wacy predicted. 

Centrifuge price chart and prediction shared by crypto analyst Alex Wacy. Source: X

Wacy sees $0.8 – $0.48 as a potential buy zone, while his bull market targets for CFG price above the ATH are at $5 and $7.

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