Kategorie: Crypto Markets

• VeChain (VET) price rose 10% as Bitcoin spiked to briefly sit above $52k.
• The gains also came as the L1 smart contract platform announced Account Abstraction (AA) was now live.
• AA brings seamless interoperability and unlocks programmable smart contract wallets.

VeChain (VET), the enterprise-grade L1 smart contract platform, has announced a major development in its blockchain ecosystem. Account Abstraction (AA) is live on VeChain, the platform said.

VeChain debuts Account Abstraction

By going live, AA brings programmable smart contract wallets to VeChain, putting the blockchain platform at the forefront of shaping the next step in global adoption of crypto.

Account Abstraction (AA) is now live, opening up a whole new world for #VeChain.

Not only does AA make interoperability seamless, but it also unlocks programmable smart contract wallets for a better user experience and improved security.

Here’s what it means for $VET 🧵👇🏼 pic.twitter.com/SecJ6OwnGu

— vechain (@vechainofficial) February 14, 2024

With account abstraction, VeChain is moving away from the traditional externally-owned accounts (EOAs) system. The new approach isn’t just flexible and programmable, it enhances accounts’ usability and security, the latter a key challenge in EOAs’ public-private key model.

“By abstracting the transaction signing process, smart contract wallets improve user experience, making blockchain interactions smoother and more intuitive. There are security benefits, too – multisig authorization, account recovery methods, and transaction whitelists,” the VeChain team said in a thread on X.

According to the platform, this shift is a key step in the quest to bridge the gap between Web2 and Web3. The launch of smart contract wallets on the mainnet underscores VeChain’s commitment towards global mass adoption of crypto and blockchain.

VET price soars

VeChain’s announcement came as the crypto community took note of Bitcoin’s sharp price surge on Wednesday. BTC rose to above $52,000 before paring some of the gains to hover above the $51k level. Meanwhile, VeChain’s news about the much anticipated Account Abstraction (AA) helped push the price of VET up by more than 10%.

VET traded to highs of $0.035, and crypto analyst Ali says the altcoin could spike to $0.054 in coming days.

“It feels like it will be a big week for #VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November!” Ali noted in a post on X.

VET price last traded above $0.05 in April 2022 and its all-time high of $0.28 was reached in April 2021.

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• Bitcoin Dogs conducts first-ever ICO on Bitcoin, raising $618k in under 4 hours.
• Bitcoin Dogs introduces gaming, NFTs, and BRC-20 token standards to the Bitcoin community.
• The 0DOG token unlocks an interactive gaming experience and a collection of 10K NFTs.

Bitcoin Dogs wasted no time in making more headlines hours after initiating its BRC-20 ICO today. The presale for the 0DOG token, the centrepiece of the project, has attracted substantial interest, with participants eagerly grabbing their share of the tokens.

The 0DOG presale, scheduled to last for 30 days until March 15th, has raised a staggering $618,475 in the first four hours alone pointing to the confidence investors have in the project.

The presale approach incorporates 10 stages, commencing with an initial price of $0.015 per token. As the presale progresses, the token price increases incrementally every three days. In the final stage, the 0DOG token will be going for $0.0404, showcasing a 169.33% price difference from the initial stage.

The Bitcoin Dogs immersive metaverse

At the core of Bitcoin Dogs is the revolutionary Ordinals protocol, introducing the BRC-20 token standard on the Bitcoin blockchain. This paradigm shift allows users to explore a Layer 2 environment, bringing new possibilities and dynamics to the Bitcoin community. Bitcoin Dogs aims to challenge the norm, bridging the gap between Bitcoin and the vibrant ecosystems found on platforms like Ethereum and Solana.

The 0DOG token serves as the key to unlocking an interactive gaming experience and a collection of 10,000 unique NFTs, each representing a virtual dog. With a play-to-earn (P2E) environment, users can raise, trade, and race their virtual pets, drawing inspiration from popular experiences like Tamagotchi and Axie Infinity. There will also be additional BARK tokens within the game to incentivize players to share their activities on social media, fostering community growth.

Additionally, there are staking opportunities to provide an additional layer of engagement, with presale stakers enjoying a lucrative 75% Annual Percentage Rate (APR) when locking up their tokens.

The retro gaming graphics bring the Bitcoin Dogs world to life, storing each virtual dog on the blockchain as individual NFTs with varying rarity levels. This not only creates a vibrant marketplace but also caters to multiple cohorts of investors, combining the appeal of NFTs with the security of the Bitcoin blockchain.

Bitcoin Dogs’ roadmap and prospects

As the presale continues to captivate the community, Bitcoin Dogs aims to sell 90% of the 900 million total supply. Any unsold tokens will be strategically “burned,” creating deflationary pressure.

Beyond the presale, 0DOG tokens will enter the secondary market for trading.

In the coming quarters, Bitcoin Dogs has ambitious plans, including the release of the Bitcoin Dogs NFT collection and the beta version of the game in Q2. The game’s evolution will be marked by new play-to-earn (P2E) partnerships, competitions, and events, contributing to the project’s marketing efforts. The cross-chain bridge, set to go live, promises to expand Bitcoin Dogs to its largest audience yet.

The timing for Bitcoin Dogs couldn’t be more opportune. Riding the wave of renewed interest in NFTs and buoyed by positive market indicators, the project aligns itself with Bitcoin’s prosperous start in 2024. With Bitcoin ETFs approved in January and the upcoming halving in April, Bitcoin Dogs positions itself as a significant leap forward in the crypto space, uniting NFTs, BRC-20 tokens, and cross-chain interoperability on the original Bitcoin blockchain.

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Sushi, a multi-chain DEX platform, has announced Susa, a new perpetuals exchange that it says will redefine the derivatives exchange space.

The new platform is built with the technology of Ethereum scaling solution Layer N, Sushi said in an announcement.

Sushi’s new perpetuals exchange

Susa, the Sushi team says, is a “natural evolution of SushiSwap” as the DEX grows into a DeFi super ecosystem. It aims at delivering high-speed transactions, targeting 100,000 TPS with under 1 millisecond of latency. 

The perpetuals exchange will also feature deeper liquidity and greater on-chain capital efficiency.

Tapping into Layer N’s Nord Engine and achieving these features will see Susa rival centralized exchanges. Its goal is to bring the centralized finance (CeFi) experience to the decentralized finance (DeFi) perpetual trading market, Sushi noted in the blog post.

“Launching our perpetual DEX aims to capture the largely untapped market of perpetual trading, consistent with our multi-chain exploration strategy for growth. With perpetual DEXs comprising a small share of the market, introducing Susa highlights our drive for innovation. We look forward to introducing Susa to Sushi users and the DeFi community,” Sushi’s Head Chef, Jared Grey, said.

SUSHI, the governance token on Sushi traded at $1.21 on Wednesday, with reaction to the news largely muted as Bitcoin stole the show with its spike above $51k.

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• First-ever ICO on the Bitcoin blockchain, Bitcoin Dogs, is set to launch in under 1 hour.
• Bitcoin Dogs revolutionizes the Bitcoin ecosystem by introducing gaming, NFTs, and staking.
• Anticipation is high among crypto investors waiting to take up some of the 810 million 0DOG tokens up for sale in the presale.

In a groundbreaking move set to reshape the cryptocurrency landscape, the first-ever Initial Coin Offering (ICO) on the Bitcoin blockchain is set to launch in under one hour. With the launch of the first BRC-20 ICO, Bitcoin Dogs, a pioneering project, is set to mark a historic moment for the Bitcoin community.

Bitcoin Dogs introduces a fusion of gaming and Non-Fungible Tokens (NFTs) on the Bitcoin blockchain, leveraging the Ordinals protocol, which brings the BRC-20 token standard to Bitcoin’s Layer 2 environment.

High anticipation among enthusiasts

At the core of Bitcoin Dogs lies the 0DOG token, which serves as the cornerstone of its interactive game and collection of 10,000 NFTs. With the launch of the ICO imminent, anticipation is high as enthusiasts eagerly await their opportunity to participate in this historic event.

The ICO/presale for 0DOG tokens is set to offer a total supply of 900 million tokens, with 810 million tokens up for grabs during the presale period.

The 0DOG presale will last only 30 days, with an end date of the 15th March 2024, when it will become available for trading. The token sale will start with stage 1, priced at $0.015 per token, after which, the price will then automatically increase every 72 hours. The final stage of the presale will see each 0DOG token being sold at $0.0404.

The project aims to challenge Bitcoin Cats, which also launched on the Bitcoin Blockchain about two months ago and currently has a market cap of $24m with a daily trading volume of over $7m.

As the countdown to the launch continues, the excitement surrounding Bitcoin Dogs grows, with early access already available through a waitlist. The project promises a range of possibilities for participants, from trading and staking to community engagement through the Bitcoin Dogs Clubs. With a diverse array of staking pools catering to different levels of engagement, users have the opportunity to earn rewards based on their contributions to the ecosystem.

A new era for Bitcoin

As the first ICO on the Bitcoin blockchain, Bitcoin Dogs is poised to usher in a new era for Bitcoin, offering users an unprecedented level of interactivity and engagement. With its innovative approach to gaming, NFTs, and staking, Bitcoin Dogs aims to inject a sense of fun and community into the Bitcoin ecosystem, attracting users and investors alike.

With just under an hour until the launch, anticipation is at an all-time high as the crypto community eagerly awaits the unveiling of Bitcoin Dogs. As the project prepares to make history, all eyes are on Bitcoin Dogs and its potential to redefine the future of digital assets on the Bitcoin blockchain.

Coincidentally, the ICO comes at a time when Bitcoin (BTC) is making a comeback with its price hitting $50k for the first time since the end of 2021. Bitcoin has attracted a lot of attention in the last few weeks following the approval of spot Bitcoin ETFs in the US and the upcoming Bitcoin Halving event that is known to cause some significant market movements.

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