Pepe, Bonk, Dogecoin prices surge as Bitcoin Dogs ICO raises $5.1M

Cryptocurrency prices bounced back this week as demand for Bitcoin continued soaring. Bitcoin price crossed the important resistance point at $57,000 for the first time in more than two years as ETF inflows rose. Meme coins like Pepe, Dogecoin, and Bonk were among the top gainers as Bitcoin Dog continued its highly successful token sale, which you can see here.

Bitcoin Dogs is thriving

Bitcoin Dogs, an upcoming cryptocurrency, is breaking records as its token sale gains steam. Data on its website shows that the developers have raised over $5.1 million in less than three weeks, making it one of the fastest-growing sales of the year.

This performance happened as investors from around the world continued allocating funds in what could be the next big thing in the crypto industry. Most of them have observed the performance of popular new cryptocurrencies like Bonk, Pepe, and SingularityNET, which have become some of the best performers in the industry.

Bitcoin Dogs is aiming to disrupt the crypto industry by being the first Initial Coin Offering (ICO) on the Bitcoin blockchain. The developers are aiming to boost its ecosystem by creating a vibrant NFT collection using Ordinals technology.

In addition to NFTs, these developers aim to create a gaming ecosystem where people will meet, play games, and earn rewards.

Bitcoin Dogs will be powered by the $ODOG token, which will be used to pay for products in its ecosystem. The token will also help to connect the community and provide governance for the network.

According to the white paper, Bitcoin Dogs developers, the 90% of all tokens will be sold during the ongoing ICO. 5% of the tokens will move to exchange liquidity while 2% and 3% will be used for building the platform and marketing, respectively.

Bitcoin Dogs is doing well as investors move back to cryptocurrencies now that most coins, including Bitcoin and Ethereum have surged. The crypto fear and greed index has risen to the greed zone of 75.

Meme coins are roaring back

Pepe vs Bonk vs Dogecoin vs Shiba Inu

Most coins have jumped sharply recently. Some of those that have jumped after consolidating in the past few months are Dogecoin, Pepe, and Bonk.

Dogecoin, the oldest cryptocurrency in the world, has risen in the past two straight days and is currently sitting at its highest swing since December 11th of last year. It has soared by over 30% from its lowest point this year.

Shiba Inu, the second-biggest meme coin in the world, has also rallied and moved to a high of $0.000011, its highest level since December 28th. Like Dogecoin, the coin has rallied by 30% from the YTD low.

Pepe and Bonk, two of the most popular meme coins are some of the top gainers. Bonk, the Solana token, surged to $0.00015, its highest point since January 12th. Pepe has spiked to its highest level since May.

The performance of these meme coins is mostly because of the ongoing risk-on sentiment in the industry as evidenced by the performance of the fear and greed index. 

Also, many retail traders have moved to these tokens because of Bitcoin’s performance. In this case, most traders buy them because of the cheaper price. With $100, one can buy more than 3 million Pepe coins while a similar amount would buy only 0.0017 Bitcoins. 

The same is true with Bitcoin Dogs, which is trading at $0.0251 in the current phase of the presale. This means that with just $100, one can buy almost 4,000 $ODOG tokens and benefit if it soars after being listed in key exchanges.