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Many believe the crypto market will extend last year’s rally in 2024 on the back of Spot Bitcoin ETFs the Securities & Exchange Commission approved in January.

Experts are bullish on the said exchange-traded funds because they welcome trillions of dollars in institutional capital into the world’s largest cryptocurrency.

And the added demand, they believe, will likely continue to translate to price appreciation moving forward.

Their constructive views are based also on Bitcoin halving that is scheduled for April or May of 2024. As the name suggests, it’s an event that cuts the total supply of BTC into half – thereby giving a significant boost to its price in subsequent months.

It is also worth mentioning here that a material benefit to Bitcoin is seldom a benefit for Bitcoin “only”. The rest of the crypto market tends to capitalise on it as well – and that may “particularly” include Bitcoin Dogs.

Let’s dive deeper and explore why.

Bitcoin Dogs is one of the closest peers of the Bitcoin itself since it’s the first-ever ICO on the Bitcoin blockchain.

$0DOG – the world’s first BRC-20 token is now in pre-sale that seems to be on fire at writing. Bitcoin Dogs has raised well over $2.2 million already in a matter of days.

The crypto token is currently going for $0.0173 only which means you won’t have to put a huge sum of capital on the line to take an early position in $0DOG. Note that the price of Bitcoin Dogs does bump once in every 24 hours – the next of which is scheduled for about 22 hours from now.

Bitcoin Dogs will end the pre-sale of 900 coins on March 15th, following which it will likely list on a notable crypto exchange that has historically been an event that results in a price rally.

Interested in finding out more about Bitcoin Dogs and the $0DOG coin? Click here to visit the project website.

What’s particularly interesting about Bitcoin Dogs is that it’s not just an investment. Owning $0DOG actually invites you to a world of exclusive features.

For example, the crypto platform has a comprehensive collection of NFTs curated especially for owners of its crypto token. With a position in $0DOG, you also get to participate in the platform’s play-to-earn ecosystem where you can spend time nurturing your virtual dogs.

More importantly, what Bitcoin Dogs has in the pipeline is just as exciting. The decentralised, community-driven project is set to launch staking pools in the coming weeks. It plans on conducting social contents in the back half of this year as well.

If you want to explore what else does Bitcoin Dogs is committed to rolling out in the coming months, you can visit its website on this link.

Another significant tailwind that could help Bitcoin and by extension $0DOG as well is lower interest rates.

The U.S. Federal Reserve is broadly expected to start cutting rates from June – which tends to increase demand for the risk-on assets like cryptocurrencies, including Bitcoin Dogs.

All in all, there are plenty of professional who are projecting sharp increase in BTC this year which may also benefit the $0DOG token. Cathie Wood – the founder and chief executive of Ark Invest, for instance, is convinced the world’s largest cryptocurrency by market cap will surpass $1.0 million by the end of this decade.

The vice president of CoinDCX – Vijay Ayyar also recently forecast that BTC will hit a new high in 2024. Click here if you want to explore ways to invest in Bitcoin Dogs in a few easy steps now.

The post Could Bitcoin Dogs benefit from expected rally in Bitcoin in 2024? appeared first on Invezz

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