2024-02-24 14:19:04 ET
Bitcoin has rallied rather strongly in recent months but Tom Lee is convinced that it can further rally and, in fact, nearly triple from here by the end of this year.
Lee expects Bitcoin to touch $150,000
The head of research at Fundstrat Global Advisors expects BTC to hit $150,000 in 2024 as it has several things working in its favour this year. On CNBC’s “
Squawk Box
” he said this week:
You’ve got demand improving with the exchange-traded funds and you have supply shrinking with the halving.
The U.S. SEC approved several applications for Spot Bitcoin ETFs in January – and Bitcoin halving is scheduled for April or May of 2024.
Evidently, Lee is confident that the crypto market will do well this year and that may not be restricted only to Bitcoin. Others including the recently launched Bitcoin Dogs may also benefit from elevated interest in cryptocurrencies in 2024.
Let’s take a closer look at what
Bitcoin Dogs
is and how is it related to BTC.
Bitcoin Dogs pre-sale is totally on fire
When Bitcoin rallies – the rest of the crypto market tends to walk in its footsteps. That’s what the history has taught us.
And Bitcoin Dogs especially stands to benefit if BTC does rally this year as many experts believe it would. Why? Because it’s the world’s first initial coin offering on the Bitcoin blockchain.
$0DOG is already attracting massive demand from the investment community considering its ongoing pre-sale has already raised well over $4.3 million in a few days only. Note that solid demand typically tends to suggest future potential of an investment.
Bitcoin Dogs is priced at $0.0224 at writing which enables you to build a sizable position in it with a rather small capital. $0DOG is scheduled for the next price increase in about 40 hours from now.
Click here
to find out more about Bitcoin Dogs and the $0DOG token.
$0DOG gives you access to an NFT collection
Bitcoin Dogs looks particularly attractive for investment at writing because it is yet to list on a crypto exchange. So, you can take an early position in it and benefit from the potential upside that typically unlocks when a crypto token goes live on an exchange.
It is also worth mentioning here that investing in $0DOG enables you to benefit from a bunch of exclusive features as well, including access to a collection of NFTs curated especially for you (Bitcoin Dogs holders).
Bitcoin Dogs will also roll out staking pools next month and begin introducing social contests in the second half of 2024. Access to these additional features make participating in the ongoing pre-sale of $0DOG all the more exciting.
Interested in exploring ways to buy Bitcoin Dogs ($0DOG)?
Click here
to visit the project website.
Another near-term catalyst for Bitcoin Dogs ($0DOG)
Remember that Bitcoin Dogs or the $0DOG coin is basically a cryptocurrency or, broadly speaking, a risk-on asset. That distinction suggests it may be able to benefit once the U.S. Federal Reserve starts lowering rates.
While members of the Federal Open Market Committee did discuss the risk of lowering rates too soon at their most recent meeting, the central bank is still widely expected to announce its first rate cut in June.
That’s primarily because inflation now sits around 3.0% in the United States as Invezz reported
here
versus its over 9.0% peak coming out of the pandemic in the back half of 2022.
So, the $0DOG token may be well-positioned to capitalise on rates moving down in the coming months. You can dive deeper into Bitcoin Dogs and the first BRC-20 token on
this link
.
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Bitcoin Dogs pre-sale on fire as BTC continues to rally
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