bitcoin
bitcoin

$69476.35 USD 

0.40%

ethereum
ethereum

$2491.52 USD 

-0.83%

tether
tether

$0.999748 USD 

0.05%

bnb
bnb

$569.67 USD 

-0.34%

solana
solana

$165.18 USD 

-0.67%

usd-coin
usd-coin

$1.00 USD 

0.02%

xrp
xrp

$0.509488 USD 

-1.21%

dogecoin
dogecoin

$0.159448 USD 

-0.36%

tron
tron

$0.166201 USD 

-0.52%

toncoin
toncoin

$4.88 USD 

-0.71%

cardano
cardano

$0.351490 USD 

-0.72%

shiba-inu
shiba-inu

$0.000017 USD 

-0.32%

avalanche
avalanche

$24.15 USD 

-2.66%

chainlink
chainlink

$11.21 USD 

-1.01%

bitcoin-cash
bitcoin-cash

$347.99 USD 

0.00%

Cryptocurrency News Articles

Bitcoin (BTC) Price to Make New ATH Soon as Bitcoin Dogs’ Telegram Game Goes Viral

Nov 02, 2024 at 11:55 pm

Bitcoin has been in a strong uptrend since September, shaking off the months-long sideways action.

Bitcoin (BTC) Price to Make New ATH Soon as Bitcoin Dogs’ Telegram Game Goes Viral

Bitcoin has been rallying sharply, and the fun is just about to begin. Bears got excited when $500 million in Open Interest was wiped as Bitcoin fell back to $70,000, but they are missing the forest for the OI.

Markets have seen two weeks of consecutive inflows into Bitcoin ETFs, and on October 30th, BlackRock alone saw inflows of $875 million. Bitcoin bottomed in September and has been trending since.

With new BTC highs expected very soon, Bitcoin Dogs’ Telegram game has gone viral as investors pile into higher beta plays. Reflexivity is a beautiful thing, and with retail money still on the sidelines, the upside looks great for BTC and 0DOG in the next twelve months.

Bitcoin to make new ATH soon

Bitcoin has been in a strong uptrend since September, shrugging off the months-long sideways action since it made a new ATH earlier this year in March. All metrics are pointing to a new ATH very soon, and the superstar factor has been inflows into ETF products, with TradFi capital guzzling up the BTC supply.

The price action from ETFs will only magnify as time goes on. Most traders still haven’t worked out the supply dynamics. ETFs have been absorbing more and more of the supply. The supply from miners is being absorbed, and the total balance held on centralized exchanges is dropping.

It is only a matter of time before a price squeeze, and a Trump victory could easily send BTC hurtling above $100,000 next month.

Bitcoin Dogs’ Telegram game takes over the web

Bitcoin Dogs has become the leading BTC beta trade this cycle, and the launch of the Telegram game has gone viral. Telegram games have been all the rage this cycle, and Hamster Kombat attracted 300 million users at its peak. Analysts are betting that the Bitcoin Dogs game will be the next big hit.

The team released its new roadmap, and 0DOG has already pumped 50% off its lows. With an Ordinals NFT collection set to drop soon and a new direction, everything is on the table for 0DOG at this stage in the cycle. Its biggest long-term background driver has been the soft-peg to BTC price as the first-ever ICO on the network. And with FOMO biting, investors expect plenty of capital to start chasing higher beta BTC plays soon.

Why Bitcoin meme coins are undervalued

Markets are drastically underpricing the reflexivity and capital chasing that occurs in the late stage of the cycle—the final year of the four-year cycle. In 2025, Bitcoin will make its most drastic move to the upside, and when it breaks into price discovery, this will be the starting pistol for on-chain madness.

Bitcoin meme coins did not exist last cycle and will enjoy their first speculative frenzy. Bitcoin Dogs is at the front of the queue, and with its Telegram game potentially funneling into millions of new buyers, it is hard to find a better potential trade over the next twelve months.

The bull market is about to begin in earnest, and 0DOG flashes every signal it wants to fly. Join the journey today and become an 0DOG holder before the fireworks start.

Visit the official Bitcoin Dogs website to learn more.

News source:www.tronweekly.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Nov 03, 2024