Bitcoin has already made a new all-time high in recent weeks but a Standard Chartered analyst is convinced it could still more than double from here by the end of 2024.

In fact, Geoff Kendrick expects the price of BTC to even $250,000 at some point next year.

His super bullish forecast assumed continued inflows into the world’s largest cryptocurrency by market cap on the back of recently approved exchange-traded funds.

The Spot Bitcoin ETFs have already pulled in billions into the crypto market and Standard Chartered’s Kendrick is confident they’ll remain continued a continued tailwind for BTC.  

And if Bitcoin does indeed rally as expected, the world’s first initial coin offering (ICO) on the Bitcoin blockchain – Bitcoin Dogs could benefit as well.

Let’s dive deeper into Bitcoin Dogs to determine whether it’s worth an investment.

As mentioned earlier, Bitcoin Dogs has launched the world’s first BRC-20 token it calls the $0DOG coin. So, in a way, it’s one of the closest peers of the world’s largest cryptocurrency.

Bitcoin Dogs started its presale in mid-February and ended it last week on March 15th. The one-month presale still raised more than $13 million that finds it a spot on the list of most successful offerings this year.

Note that the meme coins space has grown rapidly in recent years. It was hardly worth anything to be called a market at the start of the pandemic but is now worth well over $20 billion. That’s the kind of impressive growth you’d be able to benefit from with a position in $0DOG.

But this meme coin has real-world utility as well. Owners of Bitcoin Dogs get access to an exclusive collection of NFTs and ability to participate in a gaming platform.

You can find out more about Bitcoin Dogs and the $0DOG coin on this link.

It is worth mentioning here that Bitcoin Dogs is a decentralised platform. So, holding its native meme coin ($0DOG) does also give you a voice in how the project develops moving forward.

Now that $0DOG presale has completed successfully, it is ready to go live on a notable crypto exchange like Uniswap. Typically, that unlocks more demand which translates to price appreciation.

That suggests it is still not too late to benefit from the potential near-term upside in Bitcoin Dogs. You can invest in $0DOG today and benefit from continued rapid growth in the meme coins market.

Interested in finding out more about Bitcoin Dogs ($0DOG). Click on this link to visit the project website now.

Bitcoin Dogs may particularly be a good investment right now because the crypto market is expected to have a strong 2024.

And that’s not based only on the ETFs. Other catalysts are at play here as well. These include Bitcoin halving scheduled for April or May of 2024 that is broadly expected to boost BTC price.

And the U.S. Federal Reserve is expected to start lowering rates in the coming months as well. That also makes risk-on assets like cryptocurrencies more attractive and, therefore, the $0DOG coin could benefit.

You can find out more about Bitcoin Dogs and the $0DOG coin here.

The post Is it too late to buy Bitcoin Dogs now that $0DOG presale has ended? appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

17 +