2024-3-5 15:36 |
William Quigley – the cofounder of Tether finds it conceivable for Bitcoin to hit $300,000 after the halving event scheduled for April or May of 2024.
Quigley shares his view on BitcoinQuigley sees BTC as an asset whose demand is almost entirely based on sentiment.
And if the world’s largest cryptocurrency is already approaching its all-time high before the halving event – it’s possible that it will eventually trade at $300,000 post-halving since “sentiment has no limits”, he added on CNBC’s “Squawk on the Street”.
Quigley is also convinced that such a rally in BTC would be a meaningful catalyst for other cryptocurrencies as well – as “all tokens are correlated to Bitcoin”. In fact, coins with a lower market cap, he predicted, may even “move up to a greater degree”.
Note that such coins also include the recently launched $0DOG – a native token of Bitcoin Dogs. But before you choose to invest in it, let’s dive deeper into Bitcoin Dogs and its $0DOG coin.
Bitcoin Dogs is making historyThe $0DOG coin of Bitcoin Dogs stands to particularly benefit from continued strength in Bitcoin as it’s making history as the world’s first ever ICO on the Bitcoin blockchain.
That’s perhaps why its ongoing presale is totally on fire. The native token has raised over $7.3 million in a couple of weeks. Its presale is slated to end on March 15th.
Bitcoin Dogs coin is currently going for $0.0343 with the next price bump expected in about 23 hours from now. Following the presale, the $0DOG token will list on a crypto exchange on the back of which it may rally further.
So, building a position in this up-and-coming blockchain based platform today sounds like a valuable proposition if you’re interested in capitalising on a continued surge in BTC without putting a lot of your available capital on the line.
You can find out more about Bitcoin Dogs and the $0DOG coin on this link.
$0DOG gives you access to exclusive featuresWhat makes Bitcoin Dogs particularly exciting is the fact that it’s not just an investment. Buying a bunch of coins and waiting for them to appreciate in price – that’s boring, right?
But with a position in the $0DOG coin, you can benefit from a list of exclusive features in the meantime. These include an ability to participate in the platform’s play-to-earn ecosystem and the staking pools that Bitcoin Dogs is slated to launch in March.
Bitcoin Dogs does also have a collection of NFTs that you gain access to as a holder of the $0DOG coin. Note that the blockchain based platform have plans of conducting social contests in the comings months as well.
Click here to explore ways in which you can invest in Bitcoin Dogs ($0DOG).
What else could help Bitcoin Dogs ($0DOG)It is worth mentioning here that the Spot Bitcoin ETFs remain a catalyst for the world’s largest cryptocurrency. In fact, up to half-a-billion-dollars is flowing into these exchange-traded funds on a daily basis, as per Tether’s William Quigley.
As the price of BTC continues to benefit from this institutional capital – by extension – the likes of Bitcoin Dogs ($0DOG) may also rally moving forward.
Another near-term tailwind that could help the $0DOG token gain in the coming months is expectation that the U.S. central bank will begin to cut interest rates from June.
Investors typically respond to lowering rates with an increase in their risk appetites. Simply put, they may be more willing to invest in assets like cryptocurrencies including Bitcoin Dogs once the Fed announces its first rate cut.
More information about $0DOG is available on the project’s website.
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