Cryptocurrency prices were tense on Saturday, continuing the consolidation that has been underway in recent weeks. Bitcoin was trading at $59,000 on Saturday, where it has remained this week. Other cryptocurrencies such as Cardano, Solana and BNB tokens have also been fluctuating as the industry has not had any major news.

Bitcoin Dogs List Ahead

The next big thing to watch in the cryptocurrency industry will be Bitcoin Dog listing after what developers called a difficult phase.

Bitcoin Dogs is a new cryptocurrency that has completed one of the most successful token sales of the year, with its developers raising over $13 million.

It gained its notoriety by billing itself as the first initial coin offering (ICO) on the Bitcoin network.

In a recent statement, the developers noted that the coin will now be officially listed on August 21. Initially, it will be listed on three exchanges, including Gate.io, MEXC, and Unisat. Other decentralized and centralized exchanges are expected to list the token.

Analysts are optimistic that the token will do well after listing due to its strong fundamentals. In addition to a cool name, the developers have a good roadmap to create value for holders.

For example, they plan to launch an NFT collection with 10,000 NFTs that people can easily buy, hold, and even trade. They also plan to create a Bitcoin Dogs Club Marketplace that will charge a modest 0.5% fee. These fees will flow back to Bitcoin Dog holders.

Bitcoin Dogs Outlook

We believe that the Bitcoin Dogs token will have some short-term volatility after it is listed on major exchanges. This is a normal part of the process, as many holders sell their tokens after listing.

Also, volatility will be caused by the current state of the market, where most coins are falling. Bitcoin has failed to break above the important $60,000 mark, while the market cap of all tokens has fallen.

In the long term, the price of Bitcoin Dogs token is likely to continue to do well as there are several catalysts.

First, there are signs that the Federal Reserve will cut rates in September as the U.S. economy slows. In most cases, cryptocurrencies do well when the Fed cuts rates.

Secondly, Bitcoin Dogs is a very popular cryptocurrency, having raised over $13 million in just a month. This means that the token could have significant hype, as we have seen with other meme coins such as Pepe and Bonk.

Thirdly, Bitcoin Dogs could benefit if Bitcoin moves from its current accumulation phase to a rebound. Remember, the monthly chart shows that Bitcoin has formed a cup and handle chart pattern on the monthly chart. In most cases, this pattern leads to more upside. You can learn more about Bitcoin Dogs here.