Bitcoin (BTC), which is aiming to retest $60k in the near future, looks poised for an equally strong rebound.
Toncoin and Chainlink are the two coins that stand out in the Top 20 according to market capitalization. Both will likely be impacted by the $10 psychological level.
The new cryptocurrency Bitcoin Dogs (0DOG) has attracted a lot of interest, similar to the hype that followed the Bitcoin Network’s pioneering ICO.
Bitcoin Price: Bulls Target $60k
BTC has recovered from the level of $60,000 since it fell to below $50,000 on 5 August. Bulls have struggled to break out of the resistance area.
Stocks and cryptocurrency have been boosted by the positive investor sentiment regarding US Federal Reserve’s possible interest rate cut.
Slowing US inflation has boosted the market’s confidence and sent equities to all-time records. QCP Capital, a Singapore-based brokerage firm, noted that the RBNZ and other major central banks have continued to cut rates.
The crypto market is still jittery about the US Government’s BTC holdings, even after Coinbase transferred $591,000,000 BTC to them.
BTC shrank as investors worried about the US Government’s remaining 203 BTC.
The daily close of $59k, as can be seen on the chart below may assist bulls in strategizing for more upside momentum.
Bitcoin’s price could fall to $57k if the bears gain strength.
The benchmark coin is currently trading at around $59,000, an increase of 1.4% over the last 24 hours.
Toncoin, Chainlink price prediction
TON has recently bounced from a critical support level, and reached highs of $7.26.
The TON blockchain, Telegram and sentiment surrounding the crypto could boost the price.
The listing of BtcTurk, Turkey’s biggest crypto exchange, provided buyers with the push they needed to reach $7.00.
The price levels for TON to be on the lookout for are $6.89, $8.17 and possibly $10.
The downside is that $5.44 and $3.83 are critical.
Chainlink, on the other side of the coin, trades at just over $10. It has been trading lower ever since March.
A breakdown of the downtrend line could lead to bears targeting $8.0.
Bitcoin Dogs is listed on major exchanges
The BRC-20 Bitcoin Dogs token, 0DOG (the native token), makes its debut in the market on the 21st of August.
The cryptocurrency for the first ever token on the Bitcoin Blockchain will be listed on not just one but three crypto exchanges.
After securing over $13.4 in presale funds, the exchange listing paves the way for the next phase of the roadmap for play-to earn and the NFT platform.
Gate.io MEXC, and Unisat all have confirmed their support of Bitcoin Dogs. The company also launched 0DOG claiming on August 21, which was open to its users.
Bitcoin Dogs price forecast
Bitcoin Dogs, a game inspired by Tamagotchi and aimed at the rapidly growing GameFi Bitcoin market will be offering 10K ordinary NFTs.
This project is also aimed at the Telegram gaming market, which has seen a boom in recent years with projects like Hamster Kombat or Catizen.
The exchange is about to launch, and this will be a big deal for 0DOG participants.
The 0DOG coin was launched in the first stage at $0.015, but the price increased to $0.0404 after the presale period of 30 days.
Although it is impossible to predict how the market will perform, Bitcoin Dogs strong presale and interest suggest that traction could be huge.
The predicted boom in DeFi gaming, and Bitcoin NFTs could be another catalyst for project performance.
You can expect 0DOG to explode in coming months as staking rewards, gaming rewards, and the overall crypto resurgence take hold.
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The Bitcoin Dogs list on major exchanges and the TON, LINK or BTC prediction in this post may change as new information unfolds.
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