Whales are hoarding Bitcoin at the highest level for 17 months. On-chain sleuths found that whales (wallets holding 100+ BTC) and sharks (wallets holding 10+ BTC) have steadily accumulated while retail investors sell in fear. Large investors’ buying has always preceded new all-time highs, and now attention is pivoting toward Bitcoin’s relatively unexplored and criminally undervalued ecosystem.
Analysts have come swooping in with a 100X price prediction for Bitcoin Dogs. Bitcoin Dogs is the first-ever Bitcoin network ICO and part of on-chain history. Following an intense exchange listing spree, 0DOG has gone from ICO to a top crypto contender. Here’s why analysts have flipped super bullish on Bitcoin Dogs and are forecasting a 100X move before the end of the year.
Bitcoin Dogs: BTC’s first ICO
Bitcoin Dogs was the first ICO to take place natively on the Bitcoin network and raised a staggering $13.4 million in its presale. It is a light-hearted meme coin that has increasingly become seen as the best leveraged BTC play. Meme coins trade in line with the base asset of their native network; a climbing BTC price is jet fuel for the 0DOG price. Being soft-pegged to the king of crypto explains analysts’ outlook.
Whales are accumulating against the backdrop of rate cuts and increasingly favorable supply dynamics post-halving with less issuance and more buy pressure from institutions. All these factors point to Bitcoin trading well above $100,000 this cycle, and when it does, 0DOG will be trading in the stratosphere.
Bitcoin Dogs has an incredible community that voted for a six-month cliff before vesting, meaning only 5% of the tokens from the presale are currently liquid. It will release a collection of 10,000 Ordinals and will ship a Telegram game in Q4 this year. But analysts keep returning to one single point. Bitcoin Dogs was the first of its kind, and a first-mover advantage in crypto beats almost anything. Did you miss buying BTC in 2013 or 2017? Don’t make the same mistake with 0DOG.
Jam-packed Q4 for 0DOG holders
Telegram games have crypto in a chokehold, with projects like Hamster Kombat racking up over 300 million users. Bitcoin Dogs’ Telegram game will ship next quarter, inspired by Tamagotchi and featuring duels where investors can pit their virtual canines against one another, putting their 0DOG tokens on the line—likely fueling a massive second-leg rally for 0DOG. Players will be rewarded for leveling up their pets, and those dedicated enough will even unlock passive income via the ‘work’ strategy that allows pets to mine the native 0DOG token.
Analysts have touted GameFi as one of crypto’s largest unrealized sectors and expect it to perform exceptionally well this cycle. Bitcoin Dogs will be surfing front and center of this wave, which informed analysts 100X price predictions. Not to mention that when Bitcoin starts rallying seriously, 0DOG should go parabolic due to the on-chain wealth effect.
Why Bitcoin Dogs could easily 100X this year
Cathie Wood forecasts that BTC will trade at $1.48 million by 2030, and she is not alone in these aggressive price predictions. A bet on Bitcoin is a bet on the continuing devaluation of fiat currency and a digital store of value. Bitcoin Dogs reaps immense benefits from living on crypto’s most extensive and capitalized network.
Specific price targets see 0DOG trading between $1.57 and $1.89 in the next six months, driven by increased demand for BTC native projects. Ecosystems always bloom after the initial speculative wave into the core asset, and in the post-halving year, all eyes are on Bitcoin. Savvy investors are already bidding on the ecosystem. It is shaping up to be a magnificent year for anyone buying 0DOG at the current levels, and the euphoric phase has not even begun.
Visit the official Bitcoin Dogs website to learn more.
Source: https://www.cryptopolitan.com/from-ico-to-top-crypto-contender-bitcoin-dogs-price-prediction/