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Home Blockchain

BTC ETFs Hit $20B: Ecosystem Explodes As Bitcoin Dogs Releases Telegram Game

by DigestWire member
October 18, 2024
in Blockchain, Crypto Market, Cryptocurrency
0
BTC ETFs Hit $20B: Ecosystem Explodes As Bitcoin Dogs Releases Telegram Game
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The post BTC ETFs Hit $20B: Ecosystem Explodes As Bitcoin Dogs Releases Telegram Game appeared first on Coinpedia Fintech News

Bullish sentiment rules markets again, and BTC ETFs crossed $20 billion in net flows on October 17th. While BTC has remained rangebound in this period, TradFi has been scooping up a massive amount of Bitcoin, and if the professionals have been buying, it means a gigantic rally is coming soon. BTC inflows indicate that 2025 is going to get wild.  

This is the bullish Q4, and next year is the long-awaited post-halving year when Bitcoin makes its most intense rally. Investors underexposed will feel regret, and today’s prices will look like a bargain discount in six months. Bitcoin Dogs is leaping ahead of the pack, announcing its Telegram game launch on October 30th. Appetite for BTC-native tokens runs red hot, and 0DOG is ready for takeoff. 

Bitcoin spot ETFs eclipse $20 billion in net flows 

Bitcoin traders are betting on $70,000 in the short run driven by rate cuts and a far higher $233,000 next year. TradFi inflows have continued to surprise to the upside. As faith in the dollar crumbles, investors are watching Gold’s stellar performance in recent months and predicting a similar breakout for Bitcoin.

BlackRock’s approval of BTC and the launch of ETFs in January this year have been the biggest victories of this cycle. Professional money continues to flow in, and net flows crossed $20 billion on October 17th. TradFi loves Bitcoin, and with more capital accruing in the network, it is only a matter of time before a speculative impulse spills into the ecosystem.  

Bitcoin Dogs rides on demand for BTC 

Bitcoin Dogs has been surging on the back of a rising BTC price, and 0DOG enjoys a soft peg to Bitcoin. Originally making history as the first ICO on the network, the team behind Bitcoin Dogs has adopted a no-days-off mentality and is now shipping a Telegram game. 0DOG has become a firm favourite among analysts as a leading Bitcoin beta trade because of its market accessibility.

Listed on MEXC and Gate.io, 0DOG enjoys better market accessibility than 90% of other BRC-20 tokens, and retail investors love trading on centralized exchanges. The return of retail investors to markets has already begun steadily and will kick up another gear when BTC makes a new ATH and a gear higher again when it trades above $100,000.

As a BRC-20 token, 0DOG’s price is naturally linked, or soft-pegged, to the price of BTC, the network’s underlying asset. All positive price action is good news for 0DOG, and when Bitcoin finally crosses six figures, 0DOG will be flying aggressively. 

0DOG Telegram game set for launch this month 

Amid the rampant BTC inflows pumping the BTC price, Bitcoin Dogs has its own catalyst in the pipeline. Its Telegram game will launch on October 30th, and analysts believe it could be a direct competitor to Hamster Kombat, which had more than 300 million users at its peak.

A Telegram game opens a direct pipeline from Bitcoin Dogs and the native 0DOG token to the 900 million monthly Telegram users. Telegram games have been a smash hit this cycle, and beta testers are rallying around the demo and confirming the game to be leagues beyond all the tap-to-earn models saturating the market.

Analysts are growing increasingly bullish on 0DOG’s prospects this quarter and next year, citing the path to 100X its current value as clear for takeoff. Want to join the journey before the launch on October 30th? Buy 0DOG here. 

Visit the official Bitcoin Dogs website to learn more. 

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