Kategorie: Crypto Analysis

The cryptocurrency bull run has faded recently as many investors take profits and wait for the next catalyst. Bitcoin price has retreated from an all-time high of over $73,000 to $67,000. Similarly, Ethereum token has plunged from over $4,000 to $3,320.

As a result, the total market cap of all digital coins has dropped from almost $3 trillion to $2.6 trillion. Despite these challenges, BitBot has continued its bullish momentum as its token sale jumped to over $2 million.

Why crypto bull run has faded

There are two main reasons why the crypto bull run has faded in the past few weeks. First, there are signs that the much-anticipated rate cut by the Federal Reserve will not happen any time soon. This view was supported by Friday’s strong job numbers.

According to the Bureau of Labor Statistics (BLS), the American economy added over 303k jobs in March, higher than the median estimate of 212k. The economy has added jobs for 36 straight months, the longest winning streak in years.

The unemployment rate dropped to 3.8% while the average hourly earnings rose by 4.1%, down from 4.3% in the previous month. These numbers came a few days after the ISM said that the manufacturing PMI increased in March, the first time since 2022.

There are also signs that inflation slowdown has slowed in the past few months. The headline Consumer Price Index (CPI) stood at 3.1 in February while the core CPI remained at 3.8%. The core CPI is almost double the Fed target of 2.0%.

Therefore, Bitcoin and other cryptocurrencies have dropped because most investors expect that the Fed will not cut rates this year. Other analysts expect at least one cut, down from three or four when the year started. This also explains why stocks have tumbled this week.

BitBot token sale continues

Meanwhile, the BitBot token sale has continued this week as the developers raised over $2 million, meaning that there is strong demand. Its token sale has now moved to its stage 9.

For starters, BitBot is a company that is seeking to disrupt the financial and trading industry. The developers are building Telegram bots that will send signals to thousands of customers.

To be clear: Telegram bots are not new. It is a big industry with thousands of companies offering the service. A careful look at these platforms show that most of them are scams.

BitBot aims to change this by creating a genuinely honest trading bot powered by the blockchain technology. It will also be a decentralized bot, where token holders will make decisions about the network.

Token holders will also take part in revenue sharing, get exclusive access to its products, and the ability to mingle with the community and trading experts.

Therefore, unlike meme coins like MEME, Book of Meme, Bonk, and Samoyedcoin which have no utility, BitBot will have important use. This utility could help to stabilize its price even when there is a new crypto winter.

Still, there is no uncertainty that the BitBot token price will rise after being listed by major exchanges. As a result, it is always important to use risk management strategies to prevent substantial losses. You can buy the BitBot token here.

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Key takeaways

• Dogecoin is the best performer amongst the top 10 cryptocurrencies by market cap this week.

• Bitcoin Dogs prepares to carry out the biggest NFT mint on Bitcoin following its presale.

DOGE tops $0.20 after this week’s rally

DOGE, the native coin of the Dogecoin ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap this week. The memecoin rallied by 28% over the last few days, outperforming other major cryptocurrencies/

At press time, the price of Dogecoin stands at $0.2093 as DOGE crosses this mark for the first time since December 2021. With Dogecoin rallying, other memecoins could follow suit. 

Shiba Inu and Pepe have all recorded decent gains in recent days and others could rally higher. 

What is Bitcoin Dogs?

Bitcoin Dogs is a project that is looking to leverage the growth of the Bitcoin blockchain in recent years. It will provide utility to users and is the first BRC-20 token ICO on the Bitcoin network.

According to their whitepaper, Bitcoin Dogs is set to offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture.

Bitcoin Dogs has concluded its ICO and raised nearly $13.5 million. The team is now focused on rolling out its products and listing its token on cryptocurrency exchanges. 

The team announced earlier this week that it is preparing to launch the biggest NFT mint on the Bitcoin network. 

The project could also benefit from the upcoming Bitcoin halving event. The halving event could see BTC rally higher and could benefit projects on the Bitcoin network. 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 prepares to list on crypto exchanges

The Bitcoin Dogs presale was concluded a few days ago and the project raised nearly $13.5 million. 

The team will only mint 900 million $0DOG tokens. Furthermore, investors would be granted access to an exclusive NFT collection and an immersive gaming ecosystem.

🚀 Brace yourselves, dawgs and degens! 🐾

Something BIG is brewing in the BitcoinDogs universe… 🌟

Get ready to witness history in the making with our upcoming NFT mint! 💎🔥 https://t.co/KsAXLUycsk pic.twitter.com/UPYfL41Ynt

— BitcoinDogsClub (@BitcoinDogsClub) March 27, 2024

In this spirit, Bitcoin Dogs is currently preparing for the biggest NFT mint on the Bitcoin network. The next step will also see its $0DOG token get listed on cryptocurrency exchanges. 

Click here to learn more about the recently concluded Bitcoin Dogs presale.

Should you buy the Bitcoin Dogs token once it is listed on exchanges?

The Bitcoin Dogs presale is now over, which means it is impossible to buy the $0DOG token from the official website. The team is preparing to list $0DOG on several crypto exchanges, allowing thousands of investors to have access to the project. 

The crypto market has been bullish since the start of the year and projects with utility like Bitcoin Dogs could record excellent gains in the medium to long term. With the right level of adoption, Bitcoin Dogs could be one of the tokens to soar higher. 

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• Bitcoin Dogs token is set for listing as post-listing speculation gains mount.
• Investors have been attracted by Bitcoin Dogs as the first ICO on the Bitcoin blockchain.
• The token could rise to $1 amid speculation and use cases.

As Bitcoin Dogs ($0DOG) presale came to its ultimate halt on March 15, one thing was clear. The presale had exceeded expectations, raising nearly $13.5 million within a month. Investors were particularly interested in this token, being the first ICO on the Bitcoin blockchain. As such, predictions are rife that this token could surge strongly when it debuts on exchanges. Let’s dive in and explore the $0DOG potential as 100x predictions surface.

Bitcoin Dogs: A 100x potential token and the first Bitcoin ICO

As Bitcoin price hits levels about the 2021 record, attention has shifted to Bitcoin Dogs. Experts predict that as Bitcoin gains in value, Bitcoin Dogs will attract a positive sentiment. That’s partly because Bitcoin Dogs is the first-ever BRC-20 minted token. As such, investors looking for a share of the legacy Bitcoin network see Bitcoin Dogs as a sound alternative.

Being a Bitcoin-linked crypto token has won the hearts of Bitcoin Dogs backers. Bitcoin is the oldest blockchain and carries robust security features. This has allowed Bitcoin Dogs to ride the positive reception of Bitcoin and become a trailblazer in the presale. 

Besides, a lot of speculation remains in the crypto markets regarding Bitcoin developments in 2024. These include the approvals of the first spot Bitcoin ETFs earlier in the year and the halving event in April. The positive sentiment could flow into Bitcoin Dogs and help in its price discovery.

There is a lot to expect as Bitcoin Dogs eyes the next step in its budding life. That includes a listing on centralised exchanges (CEXs), scheduled for the first quarter. Owing to the strengths of Bitcoin Dogs in the presale, the listing will be met with a lot of token speculation. But Bitcoin Dogs has attracted attention with its exciting use cases. 

Biggest Bitcoin ordinals and Dogaverse experiences

Bitcoin Dogs spotlight seems to have also been inspired by its alluring NFT collection. This is a 10,000 unique and collectible tokens that would be available to $0DOG holders. And guess what? The collection will be the biggest Bitcoin ordinals NFT collection.

Users can curate and display their collectibles for sale within the Bitcoin Dogs NFT metaverse. Thanks to this feature, users have found a sound alternative to owning a piece of digital art. This comes even as Bitcoin NFTs gain popularity and Web 3.0 applications recover from the bear market lows. Bitcoin Dogs doesn’t stop there.

The platform features virtual interactions through its metaverse-themed Dogaverse. Fans are thrilled that virtual realities are fast gaining attention and Bitcoin Dogs is part of the transition. Once launched, $0DOG holders can immerse themselves in exciting experiences, opening up new opportunities. Fans can engage in dog training sessions, interact with fellow dog holders, and engage in competitions. As the metaverse ecosystem grows, the use case of $0DOG will be strengthened, boasting its price.

Bitcoin Dogs ($ODOG) prediction in 2024

A bullish crypto market, Bitcoin Dogs’ use cases, and its relationship to Bitcoin make the token attractive. This could allow $0DOG to surge wildly and claim a coveted 100x gain. Tokens that have attracted a lot of FOMO have risen and exceeded the margins in the past. 

With the presale’s starting price of $0.015, a possible 100x gain could see the token rise to above $1. Although speculative, favourable factors and investors buying the token on exchanges make the price realistic.

In the future, the price of Bitcoin Dogs will be pegged on its diverse use cases. The launch of the NFT marketplace and metaverse could see $ODOG deployed more in Web 3.0. Being the first Bitcoin ICO means Bitcoin Dogs will gain fast traction in the application areas. This will see the token continue increasing in value. 

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Cryptocurrencies were relatively mixed on Wednesday as investors waited for the next catalyst. Bitcoin remained above $70,000 as buyers attempt to retest its all-time high. Some of the other top-performing cryptocurrencies were Mantle (MNT), Sui, Bitcoin Cash, and SingularityNET (AGIX). This article provides a forecast for some of these coins like Bitcoin Cash, BitBot, and Mantle.

Bitcoin Cash price forecast

Bitcoin Cash (BCH) price has been in a strong uptrend in the past few months.  It rallied as investors wait for the upcoming halving event, which will reduce the number of block rewards.

This rebound gained steam on Wednesday as it crossed the important resistance level at $529.8, its highest swing on March 3rd.

Moving above this price was an important move since it invalidated the double-top pattern, which has been forming recentlt. The token has moved to the fourth resistance of the Woodie pivot point. 

It has jumped above all moving averages while the Relative Strength Index (RSI) has drifted upwards. Therefore, the outlook for the coin is highly bullish, with the next point to watch being at $600.

Mantle price prediction

Mantle token price continued rising on Wednesday, becoming one of the best-performing cryptocurrencies in the market. The token surged after the official $MNT lock-in period started, making it possible for rewards to be unlocked.

Mantle price formed a god candle as it surged to a high of $1.4890, its highest point on record. It also jumped above the second resistance of the Woodie pivot point. The coin also soared above the key resistance point at $1.10, its highest swing on March 11th.

Mantle has soared above the 50-day moving average while the Relative Strength Index (RSI) has moved above the neutral level. Therefore, the outlook for the MNT token is bullish, with the next point to watch being at $1.50. 

BitBot analysis

Unlike Mantle and Bitcoin Cash, BitBot is in a presale phase, where it is growing in popularity. The developers have now raised over $1.5 million in its token sale, making it one of the most successful token sales.

BitBot is a company that aims to change the crypto trading industry by creating an AI-trading bot that will be provided in Telegram. This is a major bot that will target over 900 million Telegram users from around the world.

In addition to its AI features, BitBot will have more unique features. It will have strong security features, advanced trading tools, and in-built data tools. Most importantly, it will be more secure by having self-custody features.

There are a few reasons why the BitBot token will do well. First, it has advanced artificial intelligence features. In most cases, AI-focused tokens like SingularityNET, Fetch AI, and Ocean Protocol are soaring.

Second, unlike other cryptocurrencies, it will have utility in the ecosystem. Some of these features will be revenue sharing and governance roles. Holders will also have an exclusive access to the platform. You can buy the BitBot token here.

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• Injective (INJ) price has dropped below $40 and could struggle despite latest network developments.
• Litecoin (LTC) could break above $100 and eye more upside amid ETF speculation. 
• Elsewhere in the market, investors are aggressively buying KangaMoon (KANG).

Litecoin (LTC) is seeing some action amid increased news coverage while Injective (INJ) price sits at a crucial support level. The two cryptocurrencies are among those investors are watching as sentiment around Bitcoin paints a bullish picture for top altcoins.

Here’s the price prediction for Litecoin, Injective as well as a look at why interest in new crypto project KangaMoon (KANG) is skyrocketing.

Litecoin price prediction amid LTC news

Litecoin ranked among the top altcoins for a while before plunging off radar amid negative price action during the last bear market.

Now, as Bitcoin hoards all the headlines with a spike to a new all-time high, Litecoin price is slowly back into the shadows. A potential break into the spotlight may be on given fresh bullish sentiment.

Last week, Coinbase Derivatives moved the interest needle for LTC with its plans for listing Litecoin futures. The derivative product will go live on April 1. On Tuesday, the CFTC labeled LTC and ETH as commodities in its lawsuit against crypto exchange KuCoin.

There’s also speculation that institutions may be eyeing an LTC spot exchange-traded fund (ETF). The coin’s similarities to Bitcoin suggests the SEC could be open to this more than Ethereum.

While the ETF rumour is likely a long shot, a bullish outlook for Litecoin price comes into play if bulls break and strengthen above $100.

LTC jumped more than 10% late Tuesday to reach highs of $98.90.  If price breaches the immediate resistance line, it could retest the area near $130. New tailwinds at these levels could elevate LTC/USD to a multi-year high above $200.

Injective (INJ) has been choppy since flipping lower from its all-time high of $52.60 on March 14. Currently, INJ trades around $38.35, down more than 5% in the past 24 hours.

INJ price is thus hovering near a key support line that has offered buyers a reload opportunity several times year-to-date. 

Latest weakness for Injective comes as investors weigh the impact that an indictment on KuCoin and two of its founders may have on the market.

The US Justice Department charged the two KuCoin execs with criminal violations and KCS price plummeted amid funds outflows.

However, Injective has seen significant network growth. Indeed, its Ionic Upgrade could be a big move as the network eyes more interoperability with Ethereum, Soland and other chains. A bullish flip may help bulls target a return to above $50 and potentially new all-time high.

If bulls fail to reclaim the upper hand, a retreat into ranged trading is possible with the $40-$35 the main boundaries. The upper range could be $45 while bears might fancy the $30 support level.

KangaMoon (KANG) is a new crypto token in presale. While it’s yet to hit the trading market, it’s attracting huge attention both for its innovative project and the potential for the native token KANG.

Driving KangaMoon is its innovative tokenomics that sees presale participants start earning KANG via various challenges and contests. The unique approach is possible because this is a meme coin project that combines SocialFi and play-to-earn.  

There’s potential for KangaMoon to grow into a top project in the P2E space, particularly with its rare NFTs and game battle arena adding to the excitement.

So far, the project has raised more than $2.8 million from early investors. The current stage 4 is nearly 40% sold out, with the price at a relatively bargain point of $0.014. The KANG value has increased from $0.005 in stage 1. 

When tokens launch on exchanges post-presale, KangaMoon could be one of those projects to explode.

Notably, those who join the presale now can enjoy a 10% bonus on all purchases. Buying options include USDC, USDT, SOL, BNB, ETH and BTC.

Check out the KangaMoon website for more details.

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