Not so long ago, Bitcoin Gaming project and altcoin, Bitcoin Cats, was puffing its chest out with a staggering $50 million in 24-hour trading volumes shortly after its launch. But it ain’t doing that no more.
This is a signal that the people are hungry for real innovation, not just the joining of two words: Bitcoin + Cat.
Bitcoin Dogs is here to right this wrong as the first-ever Initial Coin Offering (ICO) on the Bitcoin network. It’s already gaining massive attention, with $4.6m already raised since the 14th of February. Read on to learn why it’s so popular and why it’s the kind of innovation every crypto lover and their mom have been waiting for.
Make no mistake, this is a monumental step in the crypto world. For most of crypto’s history, it was simple. BTC is on its own secure and holy blockchain. Altcoins are everywhere else; on Ethereum, Solana, etc.
Then a few BRC-20 tokens popped up – essentially altcoins on Bitcoin. Yeah, feels strange to say it. The market climbed, though, and currently sits at just under $3 billion. Still, there was never a BRC-20 ICO. Until now.
This novel use of Bitcoin’s secure blockchain, combined with a bunch of other sexy benefits such as GameFi and NFTs, has generated a rapidly growing legion of over 70,000 followers on social media platforms.
This is hardly surprising given that Bitcoin Dogs is a phenomenally short, 30-day presale. It’s a blink-and-you-miss-it opportunity that is slated to catapult 900 million tokens into the eager hands of investors – 900 mirroring the estimated 900 million dogs roaming our planet.
One other buzz driver: any tokens left unsold (strays) will be burned (put down) upon the presale’s conclusion. I.e., potentially offering an additional little boost for 0DOG holders.
Bitcoin Dogs introduces a unique blend of play-to-earn gaming, NFT ownership, and social interaction, with access granted to these features via the purchase of 0DOG. At its core, it’s a platform where players can adopt, raise, train, and battle digital dogs. So kinda like Axie Infinity or Pokémon.
Bitcoin Dogs revolves around a rewarding play-to-earn ecosystem, with 0DOG tokens powering the economy. Players take part in daily activities such as feeding, training, and caring for their digital dogs, with each action impacting their pet’s development and skills. There’s also the opportunity to earn 0DOG in PvP races with other owners and their pumped-up mutts.
Then there’s the NFT. This bad boy collection of 10,000 dogs is glued just as firmly to the Bitcoin blockchain thanks to its use of Bitcoin Ordinals – NFTs implemented on the BTC blockchain. Each with varying levels of rarity, the first-of-its-kind nature that the Bitcoin Dogs project offers could easily set up this collection to be the next BAYC or CryptoPunks.
At press time, the sparkle of 1CAT tokens has dimmed, trailing by about 44% in the past year and tumbling 30% in just the last month, with trading volumes dwindling to a mere $7-10 million, all the way from over $50 million at the time of its launch.
The downturn of Bitcoin Cats becomes even more pronounced against the backdrop of broader market trends. Despite Bitcoin’s remarkable ascent to clear $50k, Bitcoin Cats remains entrenched in the red, an alarming indicator amidst a market ripe with bullish sentiment.
As 2024 starts to look positively stonking, marked by the anticipated Bitcoin halving and the likelihood of Fed rate cuts, Bitcoin Dogs is primed to harness some seriously bullish momentum.
Plus, in the colourful world of NFTs, there are whispers of a roaring comeback in 2024, i.e., a repeat of the gold rush that was in 2021. Another wave for Bitcoin Dogs to ride.
Since it has its feet in both Bitcoin gaming, Bitcoin ordinals, and the daddy of them all, Bitcoin, it seems like Bitcoin Dogs is blessed from every angle, meaning regardless of where the crypto market pumps, Bitcoin Dogs is likely to catch a piece of the gains.
As the presale window is limited to just one month, the urgency and rarity of the BRC-20 tokens amplify the appeal, hinting at parabolic gains for those who act swiftly.
While investors and enthusiasts alike turn their gaze towards this lush newcomer, one thing is clear: the fall of Bitcoin Cats may just be the beginning of a new chapter in the crypto saga.
Bitcoin Cats was a Bitcoin gaming project without a proper BRC-20 coin. Something that people are clearly interested in, especially when you consider the $4.6m raised by Bitcoin Dogs so rapidly.
Its $0.0251 price won’t be around forever, though.
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