After the week-long corrective pullback that cut across crypto majors, assets like Litecoin and Bitcoin are on a rebound. In both cases, the bulls are striving to break crucial resistance in their quest to retest and surpass recent highs. Notably, greed remains the key emotion in the market as investors remain optimistic that increased institutional adoption and a crypto-friendly environment will fuel the 2025 bull run.
Meanwhile, Telegram gaming has stood out in the multi-billion GameFi sector and Dogizen is reaping big from it. As the first ICO to launch directly on the social app, it is leveraging on its huge reach to revolutionize the gaming crypto sphere.
Based on its immense growth potential and popularity, it is an apt investment opportunity for crypto enthusiasts looking for cheaper alternatives. Indeed, with its presale set to end on 7th February, its current price of $0.000085 is a steal.
Excitement over a Litecoin ETF sets it back on track to January’s high
After the week-long corrective pullback that cut across the crypto majors, litecoin price is on a rebound; hitting a two-week high in early Thursday session. In addition to the positive sentiment in the cryptocurrency space, the high prospects of a spot Litecoin ETF approval are attracting more investors.
On Wednesday, the US Securities and Exchange Commission (SEC) acknowledged the 19b-4 filing of Canary Capital’s Litecoin ETF under Nasdaq Rule 5711(d). The filing, which is now under review, was done on 16th January as the company sought to have the first altcoin ETF other than the spot Ethereum ETF (ETH) and sport Bitcoin ETF (BTC).
Investors are optimistic of the approval with the former SEC president, Gary Gensler out of office. Compared to the acting president, who is rather crypto-friendly, Gensler was known for his strict stand on the digital assets.
At its current level, the bulls are striving to break the resistance at $131.25 as the altcoin finds steady support at $115.31. If successful, they will need to gather enough bullish momentum to push past the upper resistance zone of $135.12 and retest January’s high. However, below the medium-term 50-day EMA at $111.43, this bullish thesis will be invalid.
Dogizen’s timing and strategy readies it for an impressive run
Dogizen’s presale is coming to an end and savvy investors know better than to miss out on this one-of-a-kind opportunity. Since launching in early October 2024, it has raised over $3.8 million with over 1 million users already onboard.
Its success as the first Telegram ICO is founded on a powerful trifactor; perfect timing, social media, and the popularity of crypto gaming projects. Its competitive advantage is already setting it up for parabolic growth in the near term and beyond.
To start with, the GameFi sector has a market cap of $19.7 billion as seen on CoinGecko. Telegram gaming has become a popular sub-sector and Dogizen is tactfully leveraging on it. In addition to being a gateway to reach billions of users, Telegram has grown into the preferred social media platform in the crypto space.
Indeed, Dogizen’s rivals like Hamster Kombat and Notcoin, both launched in mid 2024 and listed on Binance have since reached a market cap of $171.20 million and $455.73 million respectively. Based on this trend, the DOGIZ token is already in shape for an impressive run.
What’s more, the project is set to benefit from its proper timing and keenness in avoiding the mistakes made by its rivals. With a pro-crypto US administration in place, investors are optimistic on increased institutional adoption and eased cryptocurrency regulations. This environment will not only benefit crypto majors but also alternatives like Dogizen.
Besides, unlike some of its peers like Hamster Kombat and Catizen that used the route of airdrops to gain popularity, this gaming project has been operating on a well-organized presale. This approach has attracted long-term investors while lowering the likelihood of token dumps and price dips. You can buy the Dogizen coin here.
Bitcoin back on track to retest all-time high
Bitcoin is back up above the crucial zone of $100,000 after momentarily dropping below it during its one-week corrective pullback. At the time of writing, it was trading at $105,195 after surging by 2.62% over the past 24 hours.
On its daily chart, the asset is trading between the mid and upper Bollinger bands. With the positive sentiment in the broader crypto market, $101,377.75 will likely offer steady support to the crypto in the short term.
The bulls will need to gather enough momentum to break the resistance at around $107,500, beyond which they will be eyeing the next target at $108,808.90. For as long as Bitcoin price remains above the 50-day EMA at $98,645.11, this bullish thesis will hold.
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