Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Dogizen, the first ICO on Telegram, has gained significant traction as its game attracts more players.
A flurry of new partnerships suggests Dogizen’s long-term goal of becoming the gaming hub on Telegram is very much on track.
MicroStrategy, the world’s largest corporate holder of Bitcoin, has added to the buzz around crypto. Does this make Dogizen (DOGIZ) attractive?
MicroStrategy eyes more Bitcoin
On Oct. 30, the company’s founder Michael Saylor announced a massive $42 billion plan to buy more BTC.
MicroStrategy said it seeks to raise $21 billion of equity and $21 billion of debt to buy more BTC over the next three years.
According to chief executive officer Phong Le, the company’s focus is to generate more value to its shareholders, which means adding to its massive bitcoin haul by buying more.
The company’s bullish strategy came on the day Bitcoin touched highs of $73k and saw several altcoins go higher.
Also notably, MicroStrategy’s third-quarter results coincided with a potentially huge moment for Microsoft. Oct. 30 also saw MSFT shareholders begin to vote on whether the tech giant should add the flagship asset to its balance sheet.
These developments come as the crypto market witnessed a staggering $893 million in net inflows in spot BTC ETFs to continue a streak of huge inflows.
That has Bitcoin’s price poised near its all-time high and likely to explode amid US election sentiment.
Is Dogizen primed to ride the BTC rally?
While top altcoins lag the top coin, experts opine the potential for the next three years to present a supercycle means several gems could explode alongside BTC. Meme coins stand out as one of the narratives and so does the Telegram game ecosystem.
For Dogizen, the big upside could be because of its first-mover advantage and the quest to dominate a sector with real traction.
Setting the trend with the first-ever ICO on Telegram has pointed nearly 1 billion users on the popular app towards the Dogizen game. Currently, the game has about 1.4 million players.
However, with the presale on fire, it could quickly accelerate. This means Dogizen is on track to hit numbers such as those that Catizen and Hamster Kombat reached ahead of their market debut.
But unlike the Telegram game rivals, Dogizen has a greater long-term goal – to create a Dogizen Universe and become the ultimate gaming hub on Telegram.
Apart from the gameplay, the rewards, and DOGIZ token gains, Dogizen could become the biggest game community.
A flurry of partnerships, including with Journey Grand, Secret Pad, and ZenCoin suggest growth towards this vision.
Dominance in coming months and years could be the reason the DOGIZ token is trending.
With more than $1.1 million raised so far, the DOGIZ ICO may well be just a start.
Interestingly, nothing says buy today as much as major institutions and Wall Street giants turning their attention to crypto.
Learn more about Dogizen here.
The post Dogizen rides bullish sentiment as MicroStrategy outlines $42B Bitcoin bet appeared first on Invezz
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.