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GameFi crypto project, Bitcoin Dogs (0DOG) has been trending as the first-ever ICO on the Bitcoin blockchain, raising upwards of $13 million in its recently concluded presale.
With an intention to lure investors to its ecosystem, this project says it is merging three of the most popular niches in the digital realm – P2E, crypto, and NFT.
However, despite ending its ICO event as far back as March 2024, Bitcoin Dogs has yet to secure its first exchange listing, citing complexity with its BRC-20 posture.
According to its website, top-tier exchanges that offered to list $0DOG insisted that it migrate to ERC-20 from BRC-20. Although the project says it has finally found a solution, investors are anxious to know when the token will be launched on exchanges.
Will $0DOG be listed in the coming month? How far can it go once it opens for trading? This article tries to analyze the possible future price action of Bitcoin Dogs ($0DOG) using its basic fundamentals.
What Exactly Is Bitcoin Dogs?
Launched on the Bitcoin network, Bitcoin Dogs is another new project that has embraced a play-to-earn concept. According to its whitepaper, the project says it will offer a playground where “dog lovers and crypto fanatics come together to trade, collect and have a barking-good time.”
In essence, Bitcoin Dogs wants to introduce a game that will offer crypto rewards to players for taking routine care of their dogs. Players will be able to feed their pets with the food available in the game store.
To perform these tasks, it is mandatory that they hold the in-game currency, BARK. The dog, if consistently cared for, will grow to a level where it can start farming $0DOG, the native token of the ecosystem.
The BRC-20 token gathered a considerable amount of funds in its ICO. However, according to its project team, the token, which was initially billed to launch in March, is not tradable yet due to some discrepancies.
In a June 2024 post, the team explained how $0DOG’s token standard has been delaying its potential listing on exchanges. To address the challenge, it adopted Multibit to bridge to ERC-20.
However, despite migrating to the Ethereum network, $0DOG is still yet to hit any crypto exchange owing to fears that it could dip massively by the time it launches.
Without a doubt, the lack of direction on the part of the project team places the future of the project in doubt.
Bitcoin Dogs ($0DOG) Price Prediction
Bitcoin Dogs (0DOG) might have completed its token presale, but it has yet to make its debut on any CEX or DEX. This makes it completely impossible to use technical indicators in analyzing its future trajectory. However, we can rely on its core concept and utility ideas to speculate where its price may be heading when it eventually lands on trading platforms.
Bitcoin Dogs had a good presale outing, capturing the attention of many investors. At the heart of its appeal is its combination of NFTs, BRC-20, and P2E fundamentals. Drawing inspiration from the viral Tamatgochi trend, this project says it will launch a game where players will be able to feed, interact, and care for their dog pets for free crypto rewards.
Other things promised by the team behind Bitcoin Dogs include the launch of its NFT collection, metaverse, multibridge support, and CEX listing. It is only a matter of time to see if Bitcoin Dogs truly has all it takes to fulfill all its promises.
Since March, Bitcoin Dogs has not been able to successfully secure an exchange listing. Despite giving a lot of reasons for the delay and promising imminent DEX launch, the project team has failed to give a specific date, leaving investors frustrated.
That being said, for Bitcoin Dogs to sustain investors’ confidence in its ambition, it must start rolling out some of the plans embedded in its roadmap, including its long overdue CEX and DEX listing.
However, with the level of controversy surrounding its token standard, it won’t be a surprise if $0DOG is not listed on top crypto exchanges. With that, the project may experience heavy selling pressure at launch, resulting in a significant decline in its price.
Meanwhile, don’t forget that its presale closed with 0DOG selling for $0.0404. Considering the uncertainty around its future and no Bitcoin Dogs listing date announced, the chance that the token will trade above this level in the coming months may be low.
Alternatives Crypto Presales
PlayDoge is one new crypto presale Cryptonomist has reviewed, recently passing a SolidProof audit and featured on Cointelegraph as a fast-emerging GameFi meme coin.
Originally built on the Binance Smart Chain, PlayDoge ($PLAY) sets itself apart from Bitcoin Dogs and other emerging P2E projects with its realistic roadmap and transparent posture. First, it has an interesting storyline that narrates how a beloved Doge mysteriously disappeared without a trace.
However, a lucky meme trader is fortunate to discover that the missing Doge is safe but has transformed into a 2D digital character and needs the attention of its owner. In keeping true to this engaging lore, the project is launching an exhilarating mobile game where players will be able to interact, feed, train, and keep their pets healthy.
Powering this innovative gaming ecosystem is $PLAY. For completing all the tasks, players will receive this token for free. This unique approach creates a P2E utility, allowing users to earn rewards while raising their favorite digital pets.
Another major aspect of PlayDoge is its connection with the iconic Doge trend. In recent months, doge-themed tokens have been at the frontline of the bullish run in the global meme coin landscape. At the time of writing, four out of the top five meme coins by market cap are from the doge-inspired niche.
Market experts believe the combination of all the aforementioned factors position PlayDoge as the next presale crypto to watch closely.
Unlike Bitcoin Dogs, PlayDoge has started executing the plans in its roadmap. While it started on the Binance Chain, it has already activated its multichain posture by hopping to Ethereum. As such, early movers can interact with its ecosystem with any of the chains they deem fit.
Adding a feather to its cap is its impressive staking model which offers two digit APY rewards at press time. Leveraging this feature empowers early birds to earn passive rewards while also benefiting from its potential market gains.
All in all, PlayDoge is poised to become the next success story in the crypto town. Since it is based on the BSC network, experts say it has a higher chance of getting listed on Binance after its presale. If this prediction is anything to go by, the project may be up to an explosive start upon launch.
For those interested, $PLAY is available for a discounted rate of $0.00523, making it one of the cheapest presale cryptos with a promising future. Savvy investors have no doubt about its potential and have poured upwards of $5.8 million into its ICO campaign.
To stay updated about its future listings and upcoming P2E games, follow PlayDoge on X.
