Bitcoin Dogs (0DOG) is projected to surge as Bitcoin’s price turns bullish. 0DOG could reclaim its all-time high of $0.04934 due to increased demand amid new exchange listings. Analysts predict a potential 100X move for 0DOG by the end of 2024.

As Bitcoin (BTC) gears up for what could be a record-breaking rally after struggling below $60k, many altcoins within its ecosystem are expected to follow suit, and Bitcoin Dogs (0DOG) stands out among them. A BRC-20 token, 0DOG is directly tied to Bitcoin’s performance and with the current bullish outlook for BTC and a string of new exchange listings, it is poised to reclaim its previous all-time high of $0.04934. Bitcoin (BTC) regains its footing, surging above $60k At press time, Bitcoin price stood at $60,022, showing a steady 10% growth in the last seven days. Although the price remains 17.43% below its all-time high of $72,689 (achieved six months ago), the market sentiment is bullish after a scare that made analysts anticipate a drop below $50k this weekend. Most technical indicators currently show a buy signal indicating short-term bullishness and a possible long-term bullish trend. The key resistance level to watch is at $60,316, with bottom support around $58,294. If Bitcoin breaks above the $60,316 resistance, analysts predict it could rapidly surge to the next target of $62,441. Forecasts suggest Bitcoin could hit $79,207 by the end of 2024, with long-term projections reaching as high as $221,485 by 2025 and $369,701 by 2030. This anticipated growth, driven by institutional adoption and easing credit conditions, sets the stage for the entire Bitcoin ecosystem to surge, including projects like Bitcoin Dogs. Bitcoin Dogs (0DOG) poised to retest $0.04934 Bitcoin Dogs (0DOG), the first-ever ICO launched on the Bitcoin blockchain as a BRC-20 token, offers a unique opportunity for those looking to capitalize on Bitcoin’s bullish momentum. 0DOG’s value is tied to Bitcoin, meaning as BTC surges, 0DOG is expected to outperform due to its smaller market cap and higher volatility. This is a classic “beta trade,” where a smaller asset experiences more significant percentage gains as its larger counterpart rises. Currently priced at $0.00986, 0DOG is down 1.4% over the past 24 hours, but analysts are confident that the token is on the verge of a major breakout. The all-time high for 0DOG is $0.04934, reached on August 22, 2024, and its current price presents a compelling entry point for investors looking to ride Bitcoin’s momentum. With new exchange listings and a surge in market interest, 0DOG could see significant buy pressure, pushing it back toward its all-time high. Exchange listings and future projections for 0DOG Notably, Bitcoin Dogs has been on a listing spree, listing on major exchanges like MEXC, Gate.io, Uniswap, and UniSat Exchange shortly after a successful presale round. These listings have opened 0DOG to millions of potential investors, increasing liquidity and market exposure. The MEXC and Gate.io listings, in particular, are significant for the token’s growth prospects. For example, MEXC handles over $2 billion in trading volume daily and has a user base exceeding 6 million, providing Bitcoin Dogs with a massive platform to gain traction. Also, the MEXC and Gate.io listings caused the token’s price to pump 3X within the first hour of trading, indicating the potential for 0DOG to experience a similar surge amid rumours of additional exchange listings, which could further fuel demand. This increased market exposure, combined with Bitcoin’s expected bullish trend, makes 0DOG one of the top altcoins to watch in 2024. Analysts are predicting a potential 100X move before the end of the year, driven by both the macro environment surrounding Bitcoin and the internal developments within the Bitcoin Dogs project. Additionally, a play-to-earn game tied to 0DOG is set to launch later this year, which could attract even more interest and drive up the token’s price. For more information about Bitcoin Dogs and the 0DOG vesting schedule for those who purchased the token in the recently concluded presale, you can visit the official Bitcoin Dogs website here.

Share this article

Categories

Markets

Tags

Bitcoin News Cryptocurrency News Meme Coin News

Worldcoin integrates World ID on Solana via Wormhole’s new cross-chain bridge. The integration enables privacy-focused DApp authentication across blockchains. Worldcoin has seen rapid growth, expanding to Austria and Southeast Asia.

Worldcoin has confirmed the launch of seamless World ID integration for Solana via a new cross-chain protocol from the Wormhole Foundation.

Big day for AI. Big day for humans.@wormhole brings World ID to @solana 🫡 pic.twitter.com/LQYJLHg0gS — Worldcoin (@worldcoin) September 13, 2024

This achievement came just two and a half months after the Wormhole Foundation received a Worldcoin Wave 1 Community Grant, positioning the project as a key player in bridging decentralized identity solutions across multiple blockchains. World ID, Worldcoin’s privacy-focused identity verification service, is built on the layer-2 Ethereum network, World Chain. It allows users to authenticate their identity securely without revealing personal data, facilitating private and verified logins for DApps. The integration with Solana, one of the fastest-growing blockchain ecosystems, opens new opportunities for developers to implement World ID into their applications. Robinson Burkey, co-founder of the Wormhole Foundation, highlighted the importance of this collaboration, stating, “Bringing World ID to Solana is a big step forward for identity verification. With the integration of World ID and Wormhole Queries, developers can now easily build applications that prioritize real users across chains, improving trust in decentralized ecosystems.” This expansion is part of Worldcoin’s broader strategy to drive adoption of its World ID service, which had over 6.63 million users as of July 31, 2024. The company has seen rapid growth since its launch in July 2023, particularly in Europe and Southeast Asia. Recently, Worldcoin expanded into Austria, making it the second European country to host its services. However, privacy concerns have led to the suspension of operations in Spain. As cross-chain compatibility becomes increasingly important for blockchain ecosystems, this integration is expected to enhance the security and utility of decentralized applications while further boosting the adoption of Worldcoin’s World ID service. Despite the launch, the price of Worldcoin’s native token WLD remains 4.73% down trading at $1.52 at press time. The token saw a sharp decline earlier in the day testing a daily low of $1.46 before slightly surging to the current price.

Share this article

Categories

Markets

Tags

Cryptocurrency News