Schlagwort: crypto business

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Hottest ICO: Bitcoin Dogs presale raises $6.8M as investors keen on a record BTC price

  • Bitcoin inflows and price trends have boosted Bitcoin Dogs presale.
  • Bitcoin Dogs has additional use cases in gaming, NFTs, and the metaverse.
  • The Bitcoin Dogs presale concludes on March 15

Bitcoin Dogs ($0DOG) is a crypto token on demand. Since launching its presale on February 14, the token has encountered an unprecedented demand. In barely three weeks, over $6.8 million worth of tokens have been purchased. The presale frenzy has been fueled by the connection between Bitcoin Dogs and the Bitcoin blockchain. Conversely, Bitcoin (BTC) has posted strong gains, hitting a price above $65,000. Expectations are that BTC could surpass its prior record as a string of events support a bullish 2024. As investors continue to make speculations, Bitcoin Dogs has been the core beneficiary.

Bitcoin to hit a new record as inflows intensify

A new Bitcoin price could be on the cards, as the cryptocurrency approaches its record of $69,000. At the time of this publication, the largest cryptocurrency was trading at $65,200. According to Markus Thielen, the founder of 10X Research, Bitcoin could surpass its previous record price.

Thielen points to the increased inflows into Bitcoin products after the approvals of spot ETFs. The 10X Research founder says inflows into spot ETFs have outpaced the number of Bitcoins created per day. He notes the situation has widened the supply-demand imbalance to 1:10.

The supply crunch is also highlighted in reports that OTC trading desks handle large institutional clients. This has resulted in balances falling from almost 10,000 BTCs in Q2 2023 to below 2,000 BTCs.

Bitcoin Dogs: First BRC20 token benefiting from Bitcoin legacy

Bitcoin Dogs is the first-ever ICO on the Bitcoin blockchain. As the frenzy around a record BTC price grows, analysts bet that Bitcoin Dogs is best placed for success. This is noticeable from the fire presale, in which 90% of 900 million minted tokens will be offered. 

Notably, Bitcoin Dogs ride key Bitcoin’s bullish events, such as institutional adoption after the approvals of spot ETFs. The Bitcoin halving in April, which is also boosting BTC price, is attracting investors to Bitcoin Dogs.

To many, Bitcoin Dogs is an opportunity to own a stake in the legacy Bitcoin blockchain. This has positioned Bitcoin Dogs as a high-potential project and token, boosting its presale. 

Bitcoin Dogs: An utility token in NFTs, metaverse, and gaming

The drive towards Bitcoin Dogs is also informed by its massive use cases. As such, investors are exposed to the world of NFTs, gaming, and metaverse. This expands the scope of benefits previously unavailable to users of the parent Bitcoin blockchain. 

In fact, Bitcoin Dogs will be the biggest Bitcoin Ordinals NFT collection. 10,000 unique and collectible tokens will be available to the token holders. Users can curate and sell the NFTs on a decentralised market. 

$0DOG holders will also be treated to breakthrough experiences through Dogaverse. The Bitcoin Dogs Club Metaverse, features immersive interactions on the virtual world. Interactions can range from social chatter and competitions. By being dog holders by default, $0DOG holders can also participate in dog training sessions and more.

11 days to go: FOMO building as presale end date set

Investors have been buying Bitcoin Dogs to catch up with the March 15 deadline. From here, the token will be up for listing, triggering bullish movements. The presale frenzy has been cemented by the tokens bought and a growing community. 

For example, on Telegram, the project has over 21,500 members. On Twitter, Bitcoin Dogs has amassed over 122,000 followers. Bitcoin Dogs team leverages social platforms to keep the community informed and engaged. 

As the presale approaches its finish line, the price of $0DOG is also rising. This has made the token attractive to early buyers when it is lowly priced.

Investors interested in the Bitcoin Dogs presale can visit the project’s official website page.

The post Hottest ICO: Bitcoin Dogs presale raises $6.8M as investors keen on a record BTC price appeared first on CoinJournal.

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Staking protocol EigenLayer TVL hits $10 billion as ETH surges

  • EigenLayer’s total value locked (TVL) has surpassed $10 billion.
  • This puts the restaking protocol above Maker and just behind Aave in terms of TVL.
  • The spike comes amid increased restaking activity and Ethereum price rallying to above $3,500.

EigenLayer, the staking protocol on Ethereum, has seen its total value locked (TVL) skyrocket to over $10 billion amid the surge in Ethereum (ETH) price.

With EigenLayer, users can “restake” tokens they have already locked up to help secure the Ethereum network. The restaking makes it possible for stakers to earn rewards for helping secure other ecosystem protocols.

EigenLayer TVL soars to $10 billion

According to data from DeFiLlama, the protocol’s TVL has increased sharply in the past month. 

On February 5, 2024, the EigenLayer TVL stood at $2.15 billion, but as Ethereum price climbed above $3k over the month, that surged to above $7.6 billion by February 24 and $10.3 billion by March 4, 2024.

ETH price also saw a decent spike over the month, rising more than 50% to highs of $3,500.

The platform has also seen a massive spike in ETH deposits, driven by increased activity around liquid restaking protocols. Per market data, February recorded the highest influx of deposited tokens, dwarfing December and August 2023.

EigenLayer stats- deposited tokens monthly chart

The spike now has EigenLayer third in top DeFi protocols by TVL behind lending platform Aave and liquid staking protocol Lido.

EigenLayer attracts a16z backing

EigenLayer hit the market in June last year as it launched on the Ethereum mainnet, quickly becoming a top platform for restaking with liquid providers such as Lido and RocketPool.

Eigen Labs, the core development team supporting EigenLayer development, raised $50 million in a Series A round led by Blockchain Capital in March 2023. The round also attracted participation from other prominent investors, including Coinbase Ventures, Polychain Capital, Electric Capital and Ethereal Ventures.

In February this year, Eigen Labs, announced a $100 million raise from venture capital firm Andreessen Horowitz (a16z). According to EigenLayer Labs, a16z crypto was the only investor in the Series B financing round.

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MAGA (TRUMP) price prediction as Bitcoin Dogs ICO nears $7M

  • MAGA (TRUMP) sees bullish surge: +62,000% since Aug ’23, defying market norms.
  • Bitcoin Dogs ICO is the first-ever BRC-20 ICO on the Bitcoin blockchain.
  • The Bitcoin Dogs presale is ending in 11 days.

As the cryptocurrency market continues to witness unprecedented volatility, one token that has been grabbing headlines is MAGA (TRUMP).

With its recent surge in value and the trending Bitcoin Dogs ICO nearing the $7 million mark, investors are keeping a close eye on MAGA’s price movements and the developments in the Bitcoin Dogs project.

MAGA (TRUMP) bullish trend

Over the past few weeks, MAGA (TRUMP) has experienced a remarkable surge in value, defying market expectations and outperforming many established cryptocurrencies. Since its launch in August 2023, MAGA has witnessed an astonishing increase of over 62,000%, making it one of the top-performing meme coins in the market.

The recent price rally of MAGA can be attributed to several factors. Firstly, the token’s association with former President Donald Trump has garnered significant attention, attracting supporters and investors. Additionally, MAGA’s unique value proposition as a meme coin tied to Trump’s 2024 election campaign has fueled speculation and interest among traders.

Furthermore, the token’s utility, with a 1% transaction fee allocated to support U.S. veterans, combat child trafficking, and fund marketing, development, and liquidity, has added to its appeal.

MAGA’s performance in the market has been bolstered by its active community engagement and the PoliFi experiment, blending politics, finance, and community involvement.

MAGA (TRUMP) price prediction

As bulls take control of MAGA’s price trajectory, analysts are optimistic about its future performance. According to historical price movements and considering BTC halving cycles, the yearly low price prediction for MAGA in 2025 is estimated at $0.222161, while the high price prediction could reach as high as $0.445345.

Looking ahead, analysts project a steady increase in MAGA’s value, with potential price predictions for each year up until 2030. Despite market volatility and uncertainties, MAGA’s bullish trend suggests that it could continue outperforming expectations, offering significant opportunities for investors seeking exposure to meme coins with strong fundamentals.

Bitcoin Dogs: revolutionizing the crypto space

Amidst the excitement surrounding MAGA’s price movements, the cryptocurrency community is also buzzing about the upcoming Bitcoin Dogs ICO. Bitcoin Dogs aims to revolutionize the crypto space by conducting the first-ever ICO on the Bitcoin blockchain, signalling a new era of innovation and adoption.

The project’s roadmap outlines ambitious goals, including the launch of the BRC-20 token ($0DOG), listing on cryptocurrency exchanges (CEX), the introduction of NFTs, gaming beta, play-to-earn (P2E) partnerships, and the development of the Dogaverse metaverse. 

With a clear vision and strong community support, Bitcoin Dogs has already raised over $6.8 million, with the presale closing in 11 days.

Bitcoin Dogs presale: 11 days to go

With only 11 days remaining for the presale to end, investors are flocking to the Bitcoin Dogs presale to secure their stake in the project. The current presale price stands at $0.0312 per token, with the next stage price set to increase to $0.0343.

The presale has already raised $6,806,062.19 in less than three weeks since it was launched; showing the confidence that investors have in the success of the project that is pegged on Bitcoin, which has also been making waves as its price maintains above $64,000.

Conclusion

As MAGA (TRUMP) experiences a bullish trend and the Bitcoin Dogs ICO approaches the $7 million mark, the cryptocurrency market is witnessing unprecedented excitement and anticipation.

With promising price predictions for both MAGA and Bitcoin Dogs, investors have much to look forward to in the coming months.

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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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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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