2024-3-25 10:48 |
Cryptocurrencies have outperformed traditional assets this year, helped by numerous tailwinds in the industry. Some of these notable events have been the approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC) and the upcoming Bitcoin halving.
Crypto investors are thriving. For example, Coindesk reported that a trader invested $450 in Coq Inu, an Avalanche meme coin, and turned it into $2 million. Many other traders have delivered similar returns.
Bitcoin Dogs could be the next big thingThere are signs that Bitcoin Dogs could be the next big thing in the crypto industry. As we wrote before, the developers had one of the best-performing token sales of the year. They raised over $13 million in a month’s time and they could have raised more money if they had continued the sale.
There are a few reasons why Bitcoin Dogs could be a big crypto when it is finally listed by the biggest centralised and decentralised exchanges.
First, it has broken barriers by being the first Initial Coin Offering (ICO) on Binance’s BNB Chain. In the past, most pioneer tokens tend to do well. For example, Bonk has done well because it was the biggest network in Solana’s ecosystem. Similarly, Coq Inu has thrived since it was the first Avalanche token.
Second, data shows that Bitcoin Dogs is highly popular, thanks to its huge token sale. The developers have raised millions of dollars from a diverse group of investors from around the world.
Further, Bitcoin Dogs’s name is attractive to most investors. It has the Bitcoin name coupled with the dogs one. Most dogs token like Dogecoin, Shiba Inu, and Floki Inu have become huge names in the crypto industry.
Above all, Bitcoin Dogs is not only a meme coin, but is also a platform with utility. The developers will move to the NFT space by launching a 1,000 collection. They also hope to build a game, which could disrupt the other popular gaming platforms like Heroes of Mavia and Axie Infinity.
What next for Bitcoin Dogs?Looking ahead, the next steps for Bitcoin Dogs will be the token listing by some of the top exchanges in the world. Some of the top DEX platforms that will list $ODOG are Uniswap, PancakeSwap, and dYdX.
It will also be listed by popular centralised exchanges like Binance, OKX, Bybit, and Upbit. In most cases, cryptocurrencies tend to do well after being listed by major exchanges.
The other stage will be the launch of its 10K NFT collection and the Bitcoin Dogs game. According to the white paper, the NFT collection will launch in the second quarter while the game will come in Q3.
The other planned events will be the introduction of the multi-chain bridge, supporting additional chains, and opening it for governance voting. Read more about Bitcoin Dogs here.
The post Bitcoin Dogs (ODOG) could be the next big thing in crypto appeared first on Invezz
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