Bitcoin Dogs could be the next big cryptocurrency that should be kept in mind
Bitcoin Dogs could be the next big cryptocurrency that should be kept in mind
The prices of the cryptocurrencies showed a tense atmosphere on Saturday and thus continued the consolidation pattern of the past few weeks. bitcoin was traded at 59,000 USD on Saturday, where he stuck this week. Other cryptocurrencies such as Cardano, Solana and BNB token also fluctuated because there were no important news in the industry.
Listing of Bitcoin Dogs is about to
The next big event in the cryptocurrency industry will be, Bitcoin dogs Stock-up noding after a difficult phase.
Bitcoin Dogs is a new cryptocurrency that completed one of the most successful token sales of this year, in which the developers collected over $ 13 million.
its celebrity gained it by the first initial coin offering (ICO) in the Bitcoin network.
In a current explanation, the developers stated that the coin will now be officially listed on August 21. First it is listed on three stock exchanges, including Gate.io, Mexc and Unisat. It is expected that the token will also be listed on other decentralized and central stock exchanges.
analysts are optimistic that the token will develop well after the list due to its strong fundamental data. In addition to a cool name, the developers also have a good plan to create value for the owners.
For example, plan to launch an NFT collection with 10,000 NFTs that people buy, keep and even act without any problems. You also plan to create a Bitcoin Dogs Club marketplace that charges a modest fee of 0.5 %. These fees flow back to the Bitcoin DOG owner.
Bitcoin dogs outlook
We assume that the Bitcoin Dogs token will have short-term fluctuations after listing on large stock exchanges. This is a normal part of the process, as many owners tend to sell their tokens after listing.
The volatility will also be due to the current market situation on which most coins fall. Bitcoin has not managed to exceed the important point at 60,000, while the market capitalization of all tokens has gone down.
In the long term, the price of the Bitcoin Dogs token should continue to develop well, since it is exposed to numerous catalysts.
Firstly there are signs that the Federal Reserve will start interest in September because the US economy weakens. In most cases, cryptocurrencies develop well when the Fed lowers interest.
Secondly, Bitcoin Dogs is a very popular cryptocurrency because it has brought in over $ 13 million in just one month. This means that the token could experience a significant hype, as we saw it on other meme coins like Pepe and Bonk.
Third, Bitcoin Dogs could benefit from the current accumulation phase to a recovery. Keep in mind that the Monthly Charge shows that Bitcoin has formed a cup-and-hand chart pattern on the monkey type. In most cases, this pattern leads to further upward movements. You can find out more about it Bitcoin Dogs here .
Source: Coinlist.me
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