Dogecoin rallies by 28% this week: Will other memecoins follow suit?

Key takeaways

• Dogecoin is the best performer amongst the top 10 cryptocurrencies by market cap this week.

• Bitcoin Dogs prepares to carry out the biggest NFT mint on Bitcoin following its presale.

DOGE tops $0.20 after this week’s rally

DOGE, the native coin of the Dogecoin ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap this week. The memecoin rallied by 28% over the last few days, outperforming other major cryptocurrencies/

At press time, the price of Dogecoin stands at $0.2093 as DOGE crosses this mark for the first time since December 2021. With Dogecoin rallying, other memecoins could follow suit. 

Shiba Inu and Pepe have all recorded decent gains in recent days and others could rally higher. 

What is Bitcoin Dogs?

Bitcoin Dogs is a project that is looking to leverage the growth of the Bitcoin blockchain in recent years. It will provide utility to users and is the first BRC-20 token ICO on the Bitcoin network.

According to their whitepaper, Bitcoin Dogs is set to offer investors an exciting value proposition by combining the basic Features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture.

Bitcoin Dogs has concluded its ICO and raised nearly $13.5 million. The team is now focused on rolling out its products and listing its token on cryptocurrency exchanges. 

The team announced earlier this week that it is preparing to launch the biggest NFT mint on the Bitcoin network. 

The project could also benefit from the upcoming Bitcoin halving event. The halving event could see BTC rally higher and could benefit projects on the Bitcoin network. With the right level of adoption, Bitcoin Dogs could set the trend that would allow the Bitcoin blockchain to compete with Ethereum and BNBChain in terms of ICOs.

Bitcoin Dogs prepares to list on crypto exchanges

The Bitcoin Dogs presale was concluded a few days ago and the project raised nearly $13.5 million. 

The team will only mint 900 million $0DOG tokens. Furthermore, investors would be granted access to an exclusive NFT collection and an immersive gaming ecosystem.

🚀 Brace yourselves, dawgs and degens! 🐾

Something BIG is brewing in the BitcoinDogs universe… 🌟

Get ready to witness history in the making with our upcoming NFT mint! 💎🔥 https://t.co/KsAXLUycsk pic.twitter.com/UPYfL41Ynt

— BitcoinDogsClub (@BitcoinDogsClub) March 27, 2024

In this spirit, Bitcoin Dogs is currently preparing for the biggest NFT mint on the Bitcoin network. The next step will also see its $0DOG token get listed on cryptocurrency exchanges. 

Click here to learn more about the recently concluded Bitcoin Dogs presale.

Should you buy the Bitcoin Dogs token once it is listed on exchanges?

The Bitcoin Dogs presale is now over, which means it is impossible to buy the $0DOG token from the official website. The team is preparing to list $0DOG on several crypto exchanges, allowing thousands of investors to have access to the project. 

The crypto market has been bullish since the start of the year and projects with utility like Bitcoin Dogs could record excellent gains in the medium to long term. With the right level of adoption, Bitcoin Dogs could be one of the tokens to soar higher.