The Bitcoin price dropped below $60k per coin back on August 14, and it has been struggling to return ever since, until earlier today. A recent rally quickly spread throughout the market, pumping crypto prices up, and BTC itself managed to reach $61.2k before seeing a slight correction that took it back to $60.6k, which is where it sits at the time of writing.
The new pump started on August 19, and it allowed the world’s oldest cryptocurrency to go up around 5% before correcting. Now, after finding a support at $60.6k, BTC appears to be ready to once again test the resistance at $61k.
With the coin growing again, the bulls might push hard enough for Bitcoin to return to the middle $60k range, and potentially find a new support higher. Recently, experts have noted that Bitcoin’s dominance is dropping, and even now, many speculate that BTC might drop to a lower $50k range, which would potentially allow the altcoin market to shine.
However, at the same time, as BTC reclaimed the price of $60k, some have even speculated that this might be the start of the next major rally, which would push the coin to six figures for the first time in its history. With the crypto industry’s high volatility and unpredictable nature, it is difficult to say when the next year-long rally will start, and the best anyone can do is keep a close eye on the situation as it unfolds.
In the meantime, if BTC seems a too risky investment, consider going after one of the high-potential alternatives, such as PlayDoge (PLAY).
BUY PLAYDOGE TOKENS AS THE BEST MEME COIN ALTERNATIVE TO BITCOIN
What is PlayDoge?
PlayDoge is a trending meme coin that doubles as a P2E project. Or rather, it will once its upcoming game comes out.
The game was inspired by Tamagotchi, a popular toy from the ‘90s that allowed the user to have their own digital pet. Users were required to regularly interact with their pet, feed it, play with it, and train it, to keep it healthy and happy. The toy conquered the world in the late ‘90s, finding its way into most households, and now, PlayDoge wants to bring it back in its own way.
It will launch an app that will also grant users their digital pet that they will need to take care of, but it will also reward you with PLAY tokens for regular interactions, completion of mini-games, and for reaching the top of the leaderboard by collecting XP.
BUY $PLAY AT ITS ICO BEFORE IT ENDS NEXT MONDAY
Speaking of PLAY tokens, they are currently still in presale, selling for $0.00531. However, this will not last for much longer, as the ICO will end next Monday, August 26. This means that there is less than a week left to join the presale and buy PLAY while the tokens’ price is low. So far, the ICO raised over $6.12 million, meaning that it has a massive following and backing.
It is not too late to join even now, but the time is running out. If you decide to buy PLAY before it launches, you can do it with ETH, USDT, BNB, or your credit/debit card.
