The Bitcoin Dogs ICO has made waves by reaching a staggering $3 million in funding. However, amidst this success, another altcoin, Starknet (STRK), has faced a significant price drop of 17%.

This article will delve into the reasons behind Starknet’s price decline, including a recent security breach during its airdrop. Additionally, we’ll explore the future price prediction for STRK and discuss the fast-selling 0DOG token presale by the Bitcoin Dogs project.

The sudden drop in Starknet’s (STRK) price is being attributed to a significant security breach during the STRK airdrop event

Initially, the STRK had painted a very strong bullish trend after Starknet announced the airdrop distribution and listing on centralized exchanges (CEXs) including KuCoin and Binance as we had earlier reported.

During the airdrop, Starknet encountered a massive Sybil attack, considered one of the most substantial and successful in the cryptocurrency space.

The attacker exploited the Starknet airdrop by using 1,361 wallets to accumulate and transfer a substantial sum of 1,432,800 STRK tokens, valued at approximately $3 million, to a single wallet address. Despite Starknet’s implementation of strong Sybil protection measures, this attack raises concerns about the security of token distribution events.

Looking ahead, the price prediction for Starknet (STRK) presents an intriguing outlook. Despite the recent price drop, forecasts suggest a potential rebound in the future.

Short-term projections indicate a target price of $1.90948 by the end of the first quarter of 2024. However, there is optimism for a more significant increase, with a predicted price of $2.558886, representing a 5% rise, by the same period.

Investors and enthusiasts are closely monitoring the developments within the Starknet ecosystem, considering both the recent challenges and the project’s potential for growth and innovation in the decentralized finance (DeFi) space.

As Starknet experienced some setbacks in its token airdrop, the recently launched Bitcoin Dogs project has been making headlines with its fast-selling 0DOG token presale.

Bitcoin Dogs, described as the “First Ever ICO on the Bitcoin Blockchain,” has garnered significant attention within the cryptocurrency community.

The project has attracted the attention of many investors and its token presale, which involves minting the full supply of tokens on BRC20 and allowing purchases on ERC20, has already collected an impressive $3 million.

With the current stage price at $0.0198 per 0DOG token, and the expectation for further price increments as the presale progresses, investors are still trooping to have a share of the highly popularized token sale.

In the next two days, the 0DOG token will be going for $0.0224 and if you are interested in purchasing the token before the current presale stage ends, you can visit the official Bitcoin Dogs website to buy.

The presale is scheduled to only last 30 days and going by how fast the stages are selling, out, it could sell out before the anticipated end date.

0DOG holders are expected to have access to a range of opportunities within the Bitcoin Dogs ecosystem. The project’s roadmap outlines ambitious milestones, including the debut of NFTs, game beta launches, play-to-earn partnerships, and the eventual launch of the Dogaverse metaverse.

The above developments surrounding Starknet (STRK) and the Bitcoin Dogs ICO show that the cryptocurrency landscape is witnessing both challenges and opportunities.

Despite setbacks such as security breaches, projects like Starknet continue to push boundaries in decentralized technologies. At the same time, initiatives like the Bitcoin Dogs project demonstrate the growing enthusiasm for innovative projects within the crypto space.

The post Bitcoin Dogs ICO hits $3M; Starknet (STRK) price prediction as it loses 17% appeared first on Invezz

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