Bitcoin Dogs unveils Liquidity Pool, offering traders more investment opportunities

Key takeaways

  • Bitcoin Dogs offers traders more investment opportunities thanks to its new Liquidity Pool.
  • $0DOG has increased by 131% in the last 24 hours as more investors access the token via MEXC and Gate.io.

Bitcoin Dogs unveils its Liquidity Pool

Bitcoin Dogs successfully launched its token on crypto exchanges following its presale. With $0DOG now live, the team is offering investors more investment opportunities thanks to the newly launched Liquidity Pool.

The pool allows traders to make huge gains with a fantastic APY Rate. Bitcoin Dogs has a minimum Liquidity Pool size of 50,000 $0DOG tokens and offers a 405.56% APY. Furthermore, APY is paid daily, making it a very attractive venture to investors.

The pool will aid trading and help support the 0DOG Token price, which is good for all community holders and the project’s long-term vision. Users will require 0DOG and WETH to join the Liquidity Pool.

Bitcoin Dogs is also launching a new Telegram game to attract more users. This new multiplayer PVP will launch this quarter and, with the right level of adoption, could push $0DOG’s price higher.

To take advantage of Bitcoin Dogs’ Liquidity Pool, investors must add WETH and (Bridged) ERC-20 0DOG tokens to the pool on Uniswap. After adding the tokens, users will receive LP tokens directly in the wallets they used for the transfer.

Furthermore, investors can also stake their LP tokens to earn more rewards. The APY is dynamically calculated and decreases as more people join the staking pool. To maximise returns, it’s advisable to participate early.

Read more about how to stake $0DOG here

What is Bitcoin Dogs?

With the abovementioned opportunities, some investors might still wonder about the Bitcoin Project. Bitcoin Dogs is a new project leveraging the growth of the Bitcoin blockchain to become a leading coin. 

It is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain. The Bitcoin Dogs project is already incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project. 

After raising $13 million during its presale, Bitcoin Dogs is trading on several crypto exchanges, including Gate.io and MEXC. The team is now focusing on rolling out its various products and has already launched its Liquidity Pool. 

$0DOG soars above 130% to trade at $0.02501

The broader cryptocurrency market is currently bearish, but Bitcoin Dogs saw one of its biggest price jumps since going live a few days ago. $0DOG is up 131% in the last 24 hours and trades at $0.02501 per coin. 

The rally can be attributed to Bitcoin Dogs’ performance during Gate.io’s Startup Voting Campaign, where it came second. Furthermore, Bitcoin Dogs now has an exclusive price predictions page on MEXC, allowing users to predict $0DOG’s price in the medium to long term. 

In addition to MEXC and Gate.io, $0DOG is also live on Uniswap, one of the leading decentralised crypto exchanges in the world. The token has also launched on Unisat, DEXTools, and OKX Web3. 

The token’s rapid adoption by these platforms could be one of the catalysts behind its recent price jump. 

Should you buy the Bitcoin Dogs token now?

Although Bitcoin Dogs is up over 100% in the last 24 hours, the token still has room for growth thanks to the plethora of products the team has in store. The team is working on launching other products after successfully unveiling its Liquidity Pool.

The addition of more products will increase $0DOG’s utility, which could lead to a price jump in the medium to long term. This could be an excellent opportunity for investors to purchase $0DOG before it lists on more centralised and decentralised cryptocurrency exchanges.

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Crypto price predictions: Bitcoin Dogs, Tron, Akash Network

Cryptocurrency prices remained in a tight range on Monday, with Bitcoin continuing its consolidation around the key support at $60,000 and the market cap of all coins hovering at $2.06 trillion. The crypto fear and greed index was stuck at $46 while volume in exchanges has retreated. This article looks at three top coins like Bitcoin Dogs, Tron, and Akash Network.

Bitcoin Dogs price forecast

Bitcoin Dogs is a relatively new cryptocurrency that started trading earlier this month. In most cases, new cryptocurrencies tend to have some volatility as some of the pre-sale buyers exit their positions. They also drop as they move into a price-discovery phase. 

Bitcoin Dogs had one of the most successful token sales of the year as the developers launched over $13 million from investors. Its main call-to-action was that it was the biggest Initial Coin Offering (ICO) on the Bitcoin network.

ODOG token dropped sharply, reaching a low of $0.0060 on Thursday. Fortunately, two main things have happened, which could push the highly undervalued Bitcoin Dogs token higher. First, it has had two consecutive days of bullish volume, meaning that buyers are starting to come back in.

Second, Bitcoin Dogs has formed a small doji candlestick pattern, which is characterized by a small body and upper and lower shadows. In most cases, this is one of the most popular reversal signs in the market. This reversal sign is usually confirmed when the doji is followed by a big bullish candle, which is what happened on Thursday.

Therefore, while it is too early to tell, there is a likelihood that this is the beginning of a new bull run. If it happens, the token will likely rise to the key resistance point at $0.050, 151% above the current level. You can learn more about Bitcoin Dogs here.

Tron price analysis

Tron has been one of the best-performing cryptocurrencies this week as it soared to a record high of $0.1690. This rally happened because of its strong fundamentals and the recent launch of SunPump, the meme coin generator on Tron. 

On the daily chart, Tron has remained constantly above all moving averages. It has also risen above the key resistance point at $0.15. Most notably, Tron flipped the important resistance point at $0.1448 into a support level. This was an important level since it was the upper side of the cup and handle pattern. 

Tron has both strong fundamentals and technicals, meaning that it will most likely stage a strong comeback, with the next point to watch being at $0.1690, its highest point this week. A break above that level will point to more upside.

Akash Network price prediction

Akash Network token retreated sharply on Thursday as artificial intelligence (AI) tokens fell after Nvidia’s earnings. It dropped for three consecutive days, moving below the key support at $3, the neckline of the slanting double-top chart pattern.

Akash Network has formed a death cross pattern as the 200-day and 50-day moving averages crossed each other. The token also moved below the key point at $2.60, its lowest point on July 5. 

Therefore, the outlook for the token is bearish, with the next point to watch being the psychological point at $2.0.

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