2024-03-31 05:19:03 ET
ORDI has bounced above a key resistance line while Bitcoin Cash (BCH) surged this week to reach new highs above $600.
Elsewhere in the market, attention remains on BRC-20 project
Bitcoin Dogs (0DOG)
as the latest update on what’s next buoys community.
Bitcoin Dogs: investors eye bull market
Bitcoin Dogs completed its presale in mid-March, basking in the limelight as the first-ever ICO on Bitcoin.
While the native token 0DOG is yet to list on any exchanges for trading, the anticipation around this project’s upcoming launch is huge.
Most of the expected tailwinds for Bitcoin Dogs related to the bellwether cryptocurrency Bitcoin. With BTC bullish going into its halving in April, the market’s forecast for associated coins is extremely positive.
The Ordinal NFTs market is booming amid a broader resurgence in the sector. A similar outlook is shaping up for games and DeFi on the world’s top blockchain network.
The continued trajectory for spot Bitcoin ETFs and growing adoption of crypto is a key factor.
However, for 0DOG, it’s not just the potential price spike for BTC that has Bitcoin Dogs as one the altcoins to watch. This is a project that could dominate the new era of gaming, NFTs and more on Bitcoin.
Bitcoin Dogs’ update
on CEX listings and NFT mint have been key developments this past week. More movement in coming days could cement 0DOG’s prominence on the crypto map.
ORDI price: Bulls set eyes on $100
ORDI is the top BRC-20 and Inscriptions token by market cap. According to data from CoinGecko, the altcoin’s market cap is currently around $1.5 billion.
This however is a tiny fraction of the broader market. Meanwhile, the ordinals market is expected to continue growing. As a result, the market is largely
bullish on ORDI price
.
The coin’s bounce from lows of $57 on March 20 extended with a breakout above the key resistance zone around $70. A successful retest of the reload area could help bulls target higher levels.
With gains of over 16% this past week, ORDI is showing a bullish setup that could ride Bitcoin’s tailwinds to target the $100 level.
Currently, ORDI changes hands around $71.35, about 12% up in the past 24 hours.
Bitcoin Cash (BCH): Latest gains brings $1k into view
Bitcoin Cash traded at lows of $220 in January this year. Indeed, BCH had ranged between $200 and $300 since June 2023.
However, a breakout above the hurdle on March 1, 2024 saw bulls run to highs of $500 on March 3. The massive spike coincided with
sentiment around BCH halving
. While prices retested the $400 level around March 20, buyers picked up momentum as Bitcoin Cash’s halving happened on March 22.
BCH has since capitalised on the uptrend and Bitcoin’s run above $70k to break to highs near $640.
The news of Coinbase’s plans to list Bitcoin Cash futures trading on April 1 also catalysed recent gains. BCH price is $601 at the time of writing.
Conclusion
If the overall market outlook remains bullish, a new all-time high for Bitcoin is possible in coming months.
The post-halving spike for BTC could also see BCH peak above $1k. ORDI, on the other hand, is setting up as one of the altcoins to watch amid a potential flip to above $100.
Meanwhile, 0DOG price when it makes its trading debut is yet to be announced.
But with the presale price having reached $0.0404, there’s potential for the token’s value to explode upon listing. The coming week could be crucial for 0DOG.
Learn more about Bitcoin Dogs or see what’s next by visiting the project’s
website
.
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ORDI, Bitcoin Cash bullish setup emerges, strengthens Bitcoin Dogs
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