The post Bitcoin Reclaims $60,000: Bitcoin Dogs & Ordinals Top Cryptos to Buy Right Now appeared on BitcoinEthereumNews.com.

Bitcoin has had a wild ride this cycle. It battled with ongoing sell pressure from the US government and dealt with the German government market offloading nearly $3 billion in seized assets, and if that was not enough, the world’s largest carry trade blew up. Despite this, Bitcoin has held firm. Nobody is ready for how high it will rip later this year. As Bitcoin reclaims $60,000, Bitcoin Dogs and other Ordinals projects are now emerging as the top cryptos to buy. Raoul Pal famously refers to crypto as a beachball held underwater waiting to explode, and as summer seasonality ends, this thesis is ready to play out. Bitcoin is ready to start pumping, and its ecosystem is ripe for a repricing. The next twelve months are going to be violently exciting.  Bitcoin Dogs: Bitcoin’s leading beta trade  Did you miss the lows of the bear market? Lots of people did, reinvigorating the beta/catch-up trade. Beta trades in crypto are tokens that trade in the same direction as their counterpart but with a larger multiplier due to smaller market caps. Think of buying WIF or POODL instead of SOL. The direction of the trade is analogous, but the returns are amplified. Bitcoin Dogs is the first ICO to ever occur on the Bitcoin network and has become the blockchain’s leading meme coin. Naturally, it is the leading beta trade for BTC exposure. Bullish on BTC this cycle? Imagine being able to amplify your returns 10X or maybe even 100X, which is the opportunity 0DOG offers.  As Bitcoin climbs, its ecosystem will steadily grow in value, and anybody arriving at this trade early will make away like a bandit. Bitcoin Dogs is a part of history; anyone can become an owner of BTC’s first ICO project today. Missed buying BTC in…

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Filed under: News - @ September 4, 2024 9:27 am