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Investors eye Bitcoin Dogs as BTC retests $64k

  • Bitcoin Dogs rises as Bitcoin (BTC) breaks above $64,000 and meme coins shine.
  • The positive start to the week for BTC is exciting not just BTC bulls, but the broader market.
  • A retest of $64k for BTC has most top altcoins flipping green and meme coins including Bitcoin Dogs are eyeing fresh momentum.

Bitcoin Dogs (0DOG) has seen a decent increase in buying over the past week as investors turned to meme coins.

As Bitcoin (BTC) and top coins such as Ethereum (ETH), Solana (SOL), and XRP (XRP) target upside strengthening, the meme coin market has heat significantly.

Data from CoinGecko shows that most Solana, Tron, Ton and Base meme coins have all had a decent surge this past week. Indeed, the broader meme coins market cap has reached $59 billion with a 3% spike in 24 hours.

Meanwhile, BRETT, MOG and BOME are some of the trending coins – all have posted notable double digit gains as at writing. Amid this upside movement for meme coins has been substantial interest in Bitcoin Dogs, the first ICO on Bitcoin.

After raising over $13.4 million from early birds, the token 0DOG listed on major exchanges and currently boasts an 18% uptick since hitting its all-time lows of $0.006 on Oct. 11.

Bitcoin Dogs: Game teaser excites investors

Apart from being the first-ever ICO on the Bitcoin network, its gaming and NFTs drive the overall USP of this project.

One major catalyst could be Bitcoin Dogs’ upcoming play-to-earn game. Recently, the project announced a teaser for the game, taking a major step towards public release as the Telegram game ecosystem explodes with tap-to-earn games.

Meanwhile, 0DOG’s listing on top exchanges such as MEXC, Gate.io and Uniswap has the community excited. Particularly, it’s down to speculation that Bitcoin Dogs could be the next project that Binance adds trading support for in coming weeks.

What’s also catalysing interest in 0DOG?

Also catalysing interest in 0DOG is the token’s liquidity pool that offers substantial APY for participants. Investors eyeing the big staking rewards can enjoy an APY of around 370%.

BTC price movement also adds to the overall bullish outlook for the BRC-20 token. Bitcoin’s potential spike above $65 as October swings positive could buoy BTC and see 0DOG surge.

These combined with overall bullish sentiment across the crypto market suggests Bitcoin Dogs at current prices may be a huge opportunity.

Investors appear to be taking this chance, buying 0DOG low in the $0.006 and $0.007 range. The price level coincides with a potential bottom for the top meme coin related project on Bitcoin.

A surge in meme coins, coupled with a spike in interest in Bitcoin layer-2 network gems, means Bitcoin Dogs could be on tokens to watch as BTC price touches key levels.

The post Investors eye Bitcoin Dogs as BTC retests $64k appeared first on CoinJournal.

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Dogecoin and Shiba Inu look like bad investments – analysts believe these 2 tokens could be a better bet

Dogecoin (DOGE) and Shiba Inu (SHIB) were once the poster children of the crypto market, riding high on a wave of investor enthusiasm in 2021. However, their days of glory appear to be long gone, as both tokens have since faced significant declines. With no solid use cases and dwindling community support, DOGE and SHIB now struggle to regain relevance. Meanwhile, PEPE and Rexas Finance (RXS) are making waves, with some analysts predicting they could have the potential to deliver the kind of returns investors once dreamed of with DOGE and SHIB.

Dogecoin’s Decline and Shiba Inu’s uncertain future

Dogecoin’s rise to fame was largely driven by Elon Musk’s tweets, often causing the coin’s price to skyrocket. However, the market has moved on, and Musk’s tweets no longer have the impact they once did. 

In the past 90 days, Dogecoin has dropped by 19%, and its price struggles to stay above $0.10. Despite technical analysis suggesting a potential bullish breakout, there is little real momentum. With investors now seeking newer, more promising opportunities, Dogecoin’s glory days seem far behind it. 

Shiba Inu (SHIB) emerged in 2021 as the self-proclaimed “Dogecoin Killer,” but it too has failed to maintain its early success. Originally driven by hype, SHIB has since seen a steep decline, with little to no meaningful development behind it.  

Although some argue that the claim that SHIB is “dead” is an overstatement, it remains a coin in crisis. Lacking a clear use case and struggling to attract new resources, SHIB’s future looks bleak. Investors have moved on to projects with more innovative solutions, leaving SHIB with dwindling relevance in the market.

PEPE’s surge in 2024

In contrast to DOGE and SHIB, PEPE has managed to maintain investor interest. In 2024, PEPE saw a significant price surge, jumping 275% in a short period, from $0.0000046 in April to $0.000017 by late May. While the token experienced a pullback, PEPE rebounded quickly, with an 85% rise from its September low. The token’s price volatility suggests that PEPE is still in a growth phase, with potential for future gains. Unlike DOGE and SHIB, PEPE’s price movements indicate strong investor interest and potential for continued momentum in the market.

Rexas Finance leading the tokenization revolution

While PEPE captures attention with its price movement, Rexas Finance (RXS) offers something much more tangible: real-world asset (RWA) tokenization. 

Using blockchain technology, RXS enables investors to purchase and own a fraction of these valuable assets with ease, opening up opportunities previously available only to institutional investors. With its comprehensive ecosystem, Rexas Finance makes it possible for anyone to tokenize their assets and raise funds through its launchpad. Investors can also participate in real estate projects via Rexas Estate, a platform allowing fractional ownership.

RXS token details and utilities

Rexas Finance offers a suite of utilities beyond tokenization, including the Rexas Quickmint Bot, Rexas GenAI, and Rexas AI Shield, all of which streamline the tokenization process and enhance security. The platform’s token, RXS, runs on the ERC-20 standard with a total supply of 1 billion tokens. 

With 42.5% of the tokens allocated for presale, Rexas Finance is committed to public participation, avoiding venture capital funding to ensure wide access. The presale has already raised $2.75 million across four stages, with the current price set at $0.06 per token in stage four. Those buying now will see a 3.3x return upon launch, and Rexas Finance continues to draw attention from investors globally.

With a zero percent tax policy and numerous utilities built into the ecosystem, RXS offers a compelling opportunity for those looking to invest in the future of asset tokenization.

Conclusion: The future belongs to innovative tokens

Dogecoin and Shiba Inu once captivated the crypto market, but their lack of real-world utility and fading hype have left them struggling to compete. On the other hand, tokens like PEPE are showing strong potential in the market, while Rexas Finance (RXS) stands out for its innovative approach to asset tokenization. For investors looking to recapture the magic of 2021, RXS could provide a promising opportunity with its growing ecosystem and real-world applications.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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