Traders flock to Dogizen as Bitcoin and Ethereum stall

Bitcoin Bounces Back

Remember Bitcoin, the granddaddy of cryptocurrencies? Well, it had a bit of a wobble recently. The source indicated that Bitcoin dipped below $100,000 due to some market jitters caused by something called the DeepSeek sell-off in the US stock market. But don’t worry; it didn’t stay down for long! As of right now, it’s back up to around $104,501.71. The source explained that this quick recovery shows that investors still have faith in digital assets. There’s even talk about it potentially hitting $200,000 sometime in 2025, thanks to a more crypto-friendly US government and growing interest from big institutions.

Right now, the price is kind of stuck between a couple of points: roughly $102,077.04 and $107,500. If it can break past that upper limit, then the next goal is about $108,808.90 according to the source. But if it falls below around $98,645.11, then the positive outlook might not hold.

Bitcoin is showing resilience after a recent dip, and a new player, Dogizen, is gaining traction in the GameFi space, while Ethereum also eyes recovery.

Dogizen’s GameFi Gamble

Now, let’s talk about something a little newer: Dogizen. This project is trying to make waves in the GameFi world – that’s where gaming and crypto collide. The source revealed that GameFi is already a pretty big deal, with a market cap of over $19 billion! Dogizen is launching as an Initial Coin Offering (ICO) on Telegram, which is pretty unique. It’s trying to take advantage of Telegram’s wide reach and the growing interest in GameFi tokens.

What makes Dogizen interesting is that it’s doing a presale, unlike some other recent projects that just did free token drops. The source explained that this approach has attracted real investors who plan to hold onto their DOGIZ tokens, which is intended to reduce the chance of sudden price drops. Plus, Dogizen is starting with a relatively small market cap, which means there’s lots of room for potential growth. The source suggested that it could be primed for a big surge, especially with the 2025 bull run expected. The presale is ending soon, so people are rushing to grab some tokens at the low price of $0.000085.

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And while all this is happening, Ethereum is also on the rise and trying to break through its own resistance points as per the source, currently trading around $3,399.49 with a 3.88% increase in the past 24 hours. The source indicated that if it can get past $3,415, it might aim for the January high of $3,528.15. On the flip side, if things go south, support will likely be around $3,266.42, but it needs to stay above $3,218.44 according to the source.

So, that’s a quick look at what’s been happening in the crypto world lately. It’s a fast-moving space, so it’s always good to stay informed!

Source: News | Coinjournal.net

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