Key takeaways
- Bitcoin Dogs’s liquidity pool has officially gone live, allowing investors to earn daily rewards.
- $0DOG is up 15% in the last seven days, outperforming some major cryptocurrencies.
Bitcoin Dogs’ Liquidity Pool goes live
Bitcoin Dogs announced on Wednesday, September 11th, that its Liquidity Pool has officially gone live. While announcing this in an X post, Bitcoin Dogs said this latest development allows investors to earn daily rewards and accumulate major gains.
The pool allows traders to make huge gains with a fantastic APY Rate. Bitcoin Dogs has a minimum Liquidity Pool size of 50,000 $0DOG tokens and offers a 405.56% APY. Furthermore, APY is paid daily, making it a very attractive venture to investors. Users will need 0DOG and WETH to join the Liquidity Pool.
Read more about how to stake $0DOG here.
What is Bitcoin Dogs?
Bitcoin Dogs is a new project leveraging the growth of the Bitcoin blockchain to become a leading coin. According to the team, it is the first BRC-20 token ICO on the Bitcoin network and seeks to add another utility layer to the blockchain.
In their whitepaper, the team explained that the Bitcoin Dogs project is already incorporating the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralized finance (DeFi), and Web3 culture to enable it to become a solid Bitcoin-based project.
The project raised $13 million during its public presale and has already earned a place on several crypto exchanges, including MEXC, Gate.io, Uniswap, Unisat, and others. $0DOG is also live on Coinmarketcap and DEXTools.
Following the launch of its Liquidity Pool, Bitcoin Dogs is already focusing on rolling out its numerous other products and services.
$0DOG rallies by 15% in seven days
Bitcoin and other major cryptocurrencies recorded losses last week but are slowly recovering. Bitcoin Dogs is not left out, but it has been up considerably over the last seven days. $0DOG is up 15% during that period, outperforming Bitcoin, Ether, Solana, and other major cryptocurrencies. At press time, $0DOG is trading at $0.01182, up 3% in the last 24 hours.
Should you buy the Bitcoin Dogs token with this retracement?
After reaching an all-time high of $0.01578 earlier this month, Bitcoin Dogs has lost 30% of its value since then. Should this be considered a good buying opportunity for this token?
Historically, the best times to purchase a cryptocurrency are either during its presale or during a market correction. Investors believe that every dip is a buying opportunity, and this could be true for $0D0G.
Down 30% from its all-time high, $0DOG could rally higher in the coming weeks and months as the broader crypto market maintains a critical level. In addition to its technical analysis, the team is working on launching other products after successfully unveiling its Liquidity Pool.
The suite of products could boost $0D0G’s utility and result in its price soaring higher in the medium to long term. This could be an excellent opportunity for investors to purchase $0DOG before it lists on more centralised and decentralised cryptocurrency exchanges.
