Traders flock to Dogizen as Bitcoin and Ethereum stall

2025-2-1 20:31

In 2009, Bitcoin was launched as a digital asset challenging the fiat currency. What started with almost no intrinsic value is now priced at $104,501.71 and may hit $200,000 before the year ends. 

Over the years, savvy investors have found great opportunities in innovations designed to revolutionize the industry. Dogizen is out to do exactly that. 

As the first Telegram ICO, the project is leveraging on the reach of this social media app and the steady popularity of GameFi coins. With less than a week before the end of its presale, crypto enthusiasts acknowledge that the project may soon explode and are rushing to accumulate some DOGIZ  tokens at the cheap price of $0.000085. 

Bitcoin price trades within a range as bulls gather momentum 

At the start of the week, Bitcoin dropped below the psychologically crucial zone of $100,000 amid the DeepSeek sell-off that shook the US stock market. However, it has since rebounded to trade at $104,501.71 as at the time of writing. 

The speed with which this cryptocurrency has gotten back on its feet is proof of investor confidence in digital assets. With a pro-crypto US administration in place and optimism over heightened institutional adoption, the market participants expect it to rally to $200,000 in 2025.

In the short term, the range between the 20-day EMA at $102,077.04 and the resistance at $107,500 will be worth watching. If successful at breaking that resistance, the bulls’ next target will be at $108,808.90. However, this thesis will be rendered invalid if it pulls back past the 50-day EMA at $98,645.11. 

Bitcoin Price Chart Dogizen’s strategy and timing sets it for parabolic growth in the multi-billion GameFi sector

In recent years, innovations have revolutionized the cryptocurrency industry while offering in-dismissible opportunities to crypto enthusiasts. For instance, GameFi, which is one of the subsectors that has captured participants’ attention, has a market cap of over $19 billion. 

Projects like Notcoin and Hamster Kombat, which were both launched in mid-2024 have grown into high-value tokens with market caps of $450 million and $172 million respectively. Dogizen, a new entrant in the industry, has the potential to top these figures in coming months.

Indeed, it has some competitive advantage over its rivals. For starters, it followed the route of a presale as opposed to the concept of free airdrops employed by the likes of Hamster Kombat. 

Notably, Dogizen’s approach has attracted actual investors looking to benefit from the 2025 bull run by holding on to their DOGIZ tokens even after its listing. This lowers the likelihood of token dumps and price crashes. 

Besides, based on the set target, Dogizen is starting out at a lean market cap of below $10 million. This perfectly sets it for parabolic growth with its early adopters set to profit heftily. Buy the Dogizen token here.

Ethereum price eyes January high as crypto majors exhibit resilience

Ethereum price extended its previous gains on Friday as the cryptocurrency market recovers from the recent DeepSeek sell-off. As at the time of writing, the altcoin was at $3,399.49 after recording gains of 3.88% over the past 24 hours.

At its current level, the bulls are striving to break the resistance at $3,415. If successful, the next target will be January’s high at $3,528.15. On the lower side, a pullback will likely have it find support along the 20-day EMA at $3,266.42. This thesis will hold for as long as ethereum price continuess to trade above the lower support zone of $3,218.44.

 

The post Traders flock to Dogizen as Bitcoin and Ethereum stall appeared first on CoinJournal.

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