Bitcoin's fresh bid above $70,000 on Monday had the rest of the market lined up for gains. NEAR Protocol (NEAR) and Internet Computer (ICP) led top altcoin gainers as the crypto market added more than 7% to its market cap to hit $2.8 billion.
Meanwhile, as BTC spiked to above $70,700, investors' focus on the highly anticipated launch of Bitcoin Dogs (0DOG) intensified.
NEAR, Internet Computer lead as altcoins bounce alongside BTC
The past week saw several altcoins dip as Bitcoin price plunged from its all-time high above $73k. Cryptocurrencies have however began this holiday week with a huge uptick.
Ethereum traced gains to above $3,600 mirroring Bitcoin's near 9% spike in 24 hours. ICP and NEAR were among top gainers.
Internet Computer price spikes 21%
Internet Computer (ICP) currently ranked 22 by market cap, outperformed all top 20 tokens with an impressive 21% spike in 24 hours to reach highs of $17.54. ICP trading volume soared 156% to over $657 million.
As highlighted earlier, Internet Computer price rose sharply even before Bitcoin’s rip to above $70k on Monday, with news related to AI buoying the token.
NEAR Protocol price surges 18%
NEAR Protocol’s price fell from near $9 in mid-March, touching lows of $6.15 as the broader altcoin market cooled recent momentum.
The coin’s price failed to break above $7 on multiple occasions in the past two weeks. However, bulls pierced the hurdle on Monday, March 25, pushing NEAR price to highs of $7.60. While still below the resistance area around $9, positive vibes around NEAR’s network activity and user growth could be catalysts for more gains.
Anticipation rises as Bitcoin Dogs nears market launch
Bitcoin Dogs raised more than $13.4 million in its presale, the first-ever on ICO on Bitcoin. With about a week gone since the presale ended, anticipation for when participants will get their 0DOG tokens airdropped is high.
This same atmosphere fills the crypto space as the community awaits the upcoming launch of Bitcoin Dogs NFTs and game.
The 0DOG token was priced at $0.0404 at the close of the presale. Its possible market conditions could align perfectly for the token’s launch.
According to the Bitcoin Dogs team, the NFT mint “is on the horizon”. Exchange listing for 0DOG is also in the works.
While these are immediate milestones for Bitcoin Dogs, there’s huge optimism for what the project could achieve. In the grand scheme of things, it's Bitcoin’s huge move that’s adding to the positive outlook for this NFT and game project.
Experts have over the last several months pointed to Bitcoin as the new home of layer-2 protocols.
BRC-20 and Ordinals projects are set to be a big part of the revolution, and Bitcoin Dogs sits right at the core of this with its 10k Ordinal NFTs and Tamagotchi-inspired game.
The Bitcoin Dogs community can keep tabs on the upcoming developments and news via official Telegram, X account or website.
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