2024-8-28 17:07 |
Meme coins enthusiasts are often in search of the next 100X token and Bitcoin Dogs seems well positioned to be just that in the months ahead.
Those interested in cryptocurrencies are particularly turning to meme coins as they have offered outsized returns this year.
Bitcoin Dogs has been gaining traction in recent weeks partly because it’s the world’s first-ever initial coin offering on the Bitcoin blockchain. But that’s certainly not all. Here’s a multitude of reasons why $0DOG is attracting crypto investors in 2024.
US elections could be a win for Bitcoin DogsBitcoin Dogs has recently been listed on top exchanges like MEXC, Gate, and Uniswap which has made the meme coin more accessible to the global investment community.
That’s all the more significant considering the upcoming US presidential elections are shaping up to be a win-win for the likes of $0DOG.
On the one hand, Kamala Harris is broadly expected to be more lenient towards digital assets than Joe Biden – and on the other, Donald Trump has expressed support for cryptocurrencies on numerous occasions in 2024.
Regardless of who lands in the Office in November, therefore, cryptocurrencies, including Bitcoin Dogs can be expected to do well in the coming months.
You can earn passive income with Bitcoin DogsBitcoin Dogs is a unique investment in that certain aspects of it are attractive to a certain demographic.
For example, if you’re interested in non-fungible tokens, the $0DOG meme coin offers access to about 10,000 NFTs that you can share on social media. You can even earn points if you manage to win significant attention.
Similarly, if you’re interested in entertainment, Bitcoin Dogs has already launched a Telegram game as well, where you are incentivized for caring, training, and spending time with your virtual dogs.
Simply put, there are ways to earn passive income with Bitcoin Dogs. You can learn all about it on its website at this link.
$0DOG is directionally coupled with BTCBeing the world’s first ICO on the Bitcoin blockchain, the $0DOG meme coin is broadly expected to benefit from the strength in BTC.
That adds significantly to the optimism surrounding this meme coin since many experts, including Tom Lee of Fundstrat expect the price of Bitcoin to hit $150,000 over the next 12 months. In a recent interview, he told CNBC:
“Bitcoin’s suffering from Mt. Gox starting distributions in July – a huge overhang for many years. [But] knowing that one of the biggest overhangs is going to disappear in July, I’d think it’s a reason to expect a pretty sharp rebound in H2.”
Additionally, the US central bank has confirmed that the time to cut interest rates has arrived. That may drive investments into cryptocurrencies including Bitcoin Dogs as well. Click here if you’re interested in learning more about the $0DOG meme coin.
The post Bitcoin Dogs price prediction: Could it be the next 100X opportunity? appeared first on Invezz
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