фото показано с : invezz.com

Cryptocurrency investors are getting greedy as the ongoing bull run continues. The crypto fear and greed index has jumped to the greed zone of 73, a sharp increase since it was at the neutral point at 52 a few days ago. This trend has helped many developers raise cash using their token sales. For example, as you can see here, Bitcoin Dogs has raised over $1.6 million in less than three days.

There are a few reasons why crypto investors are getting greedy in the market. First, there are signs that institutional investors are piling into the recently launched spot Bitcoin ETFs. The iShares Bitcoin ETF (IBIT) has added over $6.1 billion in assets. Fidelity Wise Origin Bitcoin ETF (FBTC) has raised over $4 billion in assets. 

This trend is a sign that there is strong demand for these ETFs, especially for institutional investors who have been left behind in the past 15 years. It also explains why Bitcoin price has surged to over $52,000 this week.

Second, there is a rising optimism that the Securities and Exchange Commission (SEC) will approve a spot Ethereum ETF later this year. Besides, the agency has already approved a Bitcoin ETF, meaning that there is precedence. The only challenge is that there is a difference between BTC and ETH in that the latter is seen as a security. 

Several companies like VanEck, Franklin Templeton, and Blackrock have already applied for a spot Ethereum fund.

Third, there is the optimism of the upcoming Bitcoin halving, which is scheduled for April of this year. In most cases, Bitcoin tends to thrive ahead of halving because it typically leads to weak supplies if Bitcoin.

Further, and most importantly, analysts expect that the Federal Reserve will start cutting interest rates later this year. 

Meanwhile, Bitcoin Dogs, a new cryptocurrency that started a token sale this week, is thriving. According to its website, the developers have already raised over $1.6 million and this trend may continue as its popularity rises. 

For starters, Bitcoin Dogs describes itself as the first Initial Coin Offering (ICO) on the Bitcoin blockchain. As a result, developers are cheering this move because of the ongoing demand for cryptocurrency projects that are leveraging Bitcoin’s technology.

For example, Stacks, a layer-2 network for Bitcoin, has seen its market cap jump to over $4 billion. And this week, Nervos Network was one of the best-performing cryptocurrencies after the developers introduced a Bitcoin stack.

Internet Computer’s ICP, has become a major player in the crypto industry after it launched ckBTC, a Bitcoin twin. According to its white paper, Bitcoin Dogs will be an ecosystem with a 10k Bitcoin Dogs NFT collection on Ordinals, a game, and a community that will be powered by the $ODOG token.

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