TL;DR
- Bitcoin Dogs listed yesterday, enjoying a pump of over 2x straight off the bat
- The 0DOG token could soar in Q4, with strong technical support and fundamentals likely to take off
Telegram game Bitcoin Dogs (0DOG) listed yesterday on top exchanges MEXC, Gate, and UniSat, pumping by 2.7x immediately to a price of $0.11 before stabilizing in the $0.043 range, sitting comfortably above launch price.
The long-awaited listings have met and even exceeded expectations—influencers from across crypto expressed their intrigue and support—with half a million dollars in volume on MEXC alone proving ample demand on 0DOG’s first day of trading.
Now, with powerful Bitcoin price action on the horizon and the Telegram gaming sector continuing to gain momentum, analysts are looking ahead to see just how high 0DOG could go.
0DOG arrives in style
After the Bitcoin Dogs presale raised $13.4 million back in March, the wait until listing sent speculation into overdrive—but the token has delivered bigtime with its debut.
As soon as public trading commenced, 0DOG soared up to a high of $0.11, representing a pump of more than 2.7x within just one hour. Some profit taking began here, presumably early presale buyers looking for a quick exit, but this did not deter bulls. Buying persisted, with further spikes up to around the $0.05 mark, and 0DOG has now established firm support above its $0.0404 launch price.
Bitcoin Dogs’ ability to withstand early profit taking and galvanize its position above launch price is characteristic of a project with a strong buyer base. Meme coin PEPE, now worth over $3 billion, initially experienced a pump and then a sell-off, as early buyers took profit. But demand remained consistent, and the price exploded over time as bulls remained diligent.
PEPE/USD all-time chart. Source: CoinMarketCap
0DOG is playing out virtually the exact same chart pattern, crucially flipping the launch price from resistance to support after profit taking was exhausted, and could very well see a similar rise to PEPE assuming buy pressure stays strong.
Fundamentals: 0DOG is primed to pump
While PEPE rode the coattails of 2024’s meme coin mania to a multi-billion dollar valuation, Bitcoin Dogs is likely to ride two key emerging trends as Q4 draws near.
The Bitcoin price is now back above $60k, showing strong support for the flagship crypto, and analysts believe there is plenty more to come. Previous rallies for BTC have all begun to truly pick up steam in Q4, and according to CryptoQuant, 2024 should be no exception, with the esteemed analysts predicting “parabolic” price action in this year’s final quarter.
This, of course, would be a huge boon for the wider Bitcoin ecosystem, and 0DOG—as a Bitcoin-based token—will be primed to capitalize on these parabolic gains. A Q4 pump would be perfectly timed for Bitcoin Dogs and could push it to PEPE-like heights.
It’s not just Bitcoin that could send 0DOG to the moon, though. Telegram games are the hottest sector in crypto right now, and the Bitcoin Dogs game is literally just around the corner.
Fusing Tamagotchi-style retro gameplay with badass PvP battles for crypto rewards, Bitcoin Dogs is primed to dominate play-to-earn gaming—a niche worth over $9 billion—with an offering far more developed (and fun) than current leader Hamster Kombat, which has attracted an incredible 300 million players.
And with the sector onboarding hundreds of millions more users into Web3, there’s a whole new audience of non-crypto natives ready to be introduced to Bitcoin Dogs. Combining this with the impressive performance of 0DOG so far, and the likely tailwinds Bitcoin could provide in Q4—0DOG is truly ready to rocket.
Bitcoin Dogs (0DOG) is available on MEXC, Gate, and UniSat. Head to the official Bitcoin Dogs website to learn more.
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