2024-2-25 11:38 |
Bitcoin (BTC) trades above $51.6K as market participants await the historical halving in April. Proponents forecast impressive rallies to all-time highs for the bellwether crypto ahead of the bullish event.
#Bitcoin
After crossing all the resistances $BTC is finally targeting the range high. A pullback is gonna happen at this point. The pullback can be a kind of consolidation.
As halving is approaching within the next 50 days, we should get ready for an ATH in the coming months. pic.twitter.com/ArgGejESaq
Bitcoin Dogs ($0DOG), capitalizing on Bitcoin’s market dominance and groundbreaking prospects, prepares to skyrocket amid broad market rallies. Let’s dig deeper.
Bitcoin outlook ahead of halvingBTC’s current price reflects a 25% dip from the $68,798 all-time high explored two years ago. Meanwhile, the leading cryptocurrency reflects bullishness, triggering speculation of hitting $69,000 before the much-awaited halving.
Bitcoin’s current market dominance is 51.13%, with its capitalization above $1 trillion. Its prices stayed relatively flat over the past seven days and up 30% within the previous month.
BTC 1month chart on coinmarketcapExperts suggest that Bitcoin needs a substantial uptick in market capitalization to support its expected move past $69,000. The token needs solid price surges from current values for subsequent market cap surges.
Calculations show a 35%, or $352 billion, uptick in market capitalization would trigger stable upswings for Bitcoin to hit new all-time highs.
Such an increase will see BTC’s market value at $1.35 trillion, surpassing the likes of Meta Platforms and Silver.
Meanwhile, the massive surge in Bitcoin market cap will create a ripple effect in the overall digital assets industry, catalyzing enormous price increases. Altcoins such as Bitcoin Dogs seem ready to explode in such an atmosphere.
Bitcoin Dogs: the first-of-a-kind ICO on Bitcoin blockchainBitcoin Dogs is a new cryptocurrency project witnessing immense attention in its presale due to unique prospects. It has raised over $4.388 million within ten days of its debut on the Bitcoin blockchain.
As the first-ever initial coin offering on the BTC network, Bitcoin Dogs leverages the bellwether’s high-end technology and market dominance for its growth.
Besides the fast-paced presale, the rapidly growing community has kept Bitcoin Dogs afloat. The project has attracted over 95,000 followers on social media platform X since its debut in mid-February.
Moreover, over 15,000 actively participate in $0DOG’s Telegram channel, reflecting the impressive interest and excitement surrounding the revolutionary crypto project.
Bitcoin Dogs’ future potentialAs highlighted before, the distinctive project looks to capitalize on the Bitcoin blockchain’s prominence, connecting gaming, new tokens, and NFTs on BTC’s network. Bitcoin Dogs will use $0DOG as its governance coin, which remains poised for massive growth amid 2024 bullish projections.
Analysts forecast record highs for Bitcoin prices this year, considering bullish developments such as the spot ETF introduction and upcoming halving. A solid BTC rally will translate to massive $0DOG value and price growth.
The fast-paced presale shows how investors believe in Bitcoin Dogs’ future. Further, the massive number of loyal followers will be crucial in driving the asset’s longer-term growth as Bitcoin looks to explode this year.
You can find more info about Bitcoin Dogs on their website.
The post Evaluating Bitcoin Dogs' ($0DOG) potential as Bitcoin (BTC) eyes pre-halving ATHs appeared first on Invezz
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