Initial coin offering of first Bitcoin blockchain reaches $5M milestone

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In less than 14 days, the Bitcoin Dogs presale has successfully gathered a total of $5.1 million. As the ICO reaches its midway point, there are only 5 stages left to complete and 16 days until its completion.

The initial coin offering (ICO) is exploring new ground as the BRC-20 token on the BTC blockchain has not yet been open for public presale. This has sparked curiosity among the cryptocurrency community, and Bitcoin Dogs has gained a significant social media following as a result.

The Bark’s Hidden Bite

With March 15 quickly approaching, those who were among the first to embrace the Bitcoin Dogs 0DOG token are eagerly anticipating what the project has planned for the remainder of the year. Additionally, they are also keeping an eye on the potential 61% price increase before the presale officially ends.

The official roadmap has announced that beta testing for the Bitcoin Dogs game will take place in Q2. This upcoming feature is inspired by popular gaming elements and shares similarities with existing gaming titles.

The activity centers around nurturing digital canines, taking inspiration from beloved classics such as Tamagotchi, while also incorporating earn-to-play (E2P) and player-against-player (PvP) elements similar to those found in popular blockchain games like Axie Infinity and Bitcoin Cats. Both of these games have achieved success in the emerging “GameFi” industry.

Upon the official release of the game in Quarter 3, players will have the opportunity to participate in PVP Dog Showdown events, where they can compete with their virtual dogs for possible monetary prizes.

These races can only be accessed once a dog has attained a certain level, which will necessitate regular care and attention, such as daily care tasks, and sharing on social media to earn BARK tokens, equivalent to experience points in the game.

In addition to the game, there are intentions for gamers to acquire unique digital dog NFTs, which consist of a limited edition set of 10,000. A marketplace will be established for players to purchase, sell, and exchange their virtual pets.

Unlike initial collections such as Bored Apes, these NFTs will be stored on the Bitcoin blockchain, thanks to the developers’ innovative implementation of Bitcoin Ordinals.

Anticipating the Result of 0DOG

Regarding the 0DOG cryptocurrency, the initial coin offering is only the beginning. Once the presale ends on March 15th, 0DOG will be prepared to reach a wider audience.

According to data from CoinMarketCap, the demand for BRC-20 tokens such as 0DOG has been substantial in major exchange markets. These tokens have been experiencing considerable trading volumes, reaching up to $400 million. Additionally, exchange-listed BRC-20 tokens have been frequently experiencing significant price surges.

One of the notable projects in the crypto world is Bitcoin Cats, which has seen a significant increase in value with its 1CAT token experiencing a 3x surge in December within a mere week. Presently, the coin has a market cap of approximately $40 million, and it is possible for Bitcoin Dogs to follow suit with the optimistic outlook of 2024.

The project AINN, which falls under the BRC-20 category, has recently achieved significant success. It was launched in January and within a month, its token saw a surge of over 600%. This type of price movement seems to be a regular occurrence in this particular market.

In addition, Bitcoin Dogs appears to be strategically positioned to profit from the current optimism surrounding Bitcoin. With BTC maintaining stability above $50k following its ETF approvals in January and the upcoming halving in April, there is potential for further growth for BTC.

This could also lead to increased gains for Bitcoin-related tokens such as 0DOG.

Once the presale concludes on March 15th, the price of 0DOG will be determined by the general market. Therefore, there is no assurance that it will remain at its current reasonable price of $0.0251.