Bitcoin Dogs (0DOG) is taking over the presale market two days into its historic ICO launch on Bitcoin. Elsewhere, TRON (TRX) is trading at a two-year high as bulls ponder the next move amid Bitcoin’s explosive surge to $52k.

Here’s an outlook at what Sun’s ambitious plan and the overall growth in the Bitcoin L2 ecosystem could mean for TRON and Bitcoin Dogs prices.  

Bitcoin Dogs is a new crypto project that seeks to bring fun and investment opportunity to the Bitcoin ecosystem. The project’s goal is to integrate its BRC-20 tokenomics with the network strength of the pioneer blockchain, offering a platform where users can tap into the benefits of an immersive gaming environment and NFT collection.

The 0DOG token will power the platform’s transactions, bringing utility and governance to users. Holding 0DOG gives access to the fun and opportunity that defined other gaming and NFT projects such as Tamagotchi, Illuvium or Axie Infinity.

Positivity around Bitcoin Dogs has been immense since the project’s initial announcement, and its debut in the ICO market on February 14 has only intensified that outlook. As the first BRC-20 token sale on Bitcoin, 0DOG has made history. 900 million tokens have been minted, with 810 million available during the presale.

By bringing a new NFTs and gaming platform to Bitcoin, Bitcoin Dogs is adding to the Bitcoin Layer-2 ecosystem, which has grown significantly with various L2 protocols and tokens. Again, the potential for the fresh interest in BTC to catapult the entire ecosystem higher points to what Bitcoin Dogs’ first mover advantage could mean for 0DOG.

TRON (TRX) price traded to highs of $0.132 on February 16, 2024, reaching price levels last seen in November 2021. TRON’s current price is about 43% off its all-time highs reached in 2018, which suggests crypto’s bullish sentiment could provide the push that lifts the altcoin to a new peak in coming months.

Ahead of this potential price milestone, there’s a rising optimism within the TRON community. This outlook may have solidified with this week’s announcement that TRON is set to expand to the Bitcoin Layer-2 ecosystem.

Justin Sun, the TRON blockchain founder, announced on February 15 that the protocol will tap into the growing traction of Ordinals and Bitcoin L2 solutions.  The integration will bring the different TRON network tokens, including stablecoins, to Bitcoin and its L2 network, injecting financial vitality into the benchmark cryptocurrency.

TRON’s roadmap includes cross-chain connections, launch of a BRC-20 wallet, and partnerships with Bitcoin L2 protocols, Sun noted.

With TRX price trending up and Bitcoin set for further upside momentum, Justin Sun’s plans for TRON could see the altcoin strengthen its outlook as one of the top long-term projects to invest in. Key price target during the bull market could be $1.

Bitcoin Dogs Bitcoin Dogs (0DOG) launched its much-anticipated presale, the first-ever on the Bitcoin blockchain, this week.

In less than 48 hours, the project’s ICO has raised over $1.3 million from early investors. The impressive feat suggests this BRC-20 token could be one to watch in the market.

Bitcoin Dogs has the potential to ride its fundamental strength as a pioneering Bitcoin project and overall BTC upside to post an impressive post-presale performance. 0DOG price will rise throughout the presale, with the token’s value increasing from the initial $0.015 every three days to $0.0404 in the final stage.

Potential price targets in Q2 could be $0.1-$0.5, with the psychological $1 a key level during the bull market. But with a fast-paced ICO set to end in just 30 days, it’s blink and the opportunity could be gone.

Details on how to buy 0DOG are on the Bitcoin Dogs presale page.

The post Bitcoin Dogs shows market strength as TRON’s Justin Sun reveals Bitcoin Layer-2 plans appeared first on Invezz

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