Dogizen, the inaugural Telegram game to feature an initial coin offering, is on the brink of a significant market début as its presale concludes in less than a week.
Dogizen (DOGIZ) is one of the most prominent presale ventures in the market in early 2025, with over $3.8 million in early proposals received thus far.
In the interim, Polkadot (DOT) is experiencing substantial interest amid the general market’s optimism. Specifically, the US Securities and Exchange Commission has received a filing from asset manager 21Shares for a Polkaddot spot exchange-traded fund.
21Shares, an ETF provider, submitted an S-1 registration to the Securities and Exchange Commission (SEC) on January 31 in order to obtain approval for the Polkadot Trust listing.
In Europe, there are additional Polkadot ETFs. Nevertheless, this is the initial ETF application for a DOT ETF in the United States.
21Shares has announced its intention to list and trade the fund’s common shares on the Cboe BZX Exchange.
The Polkadot Trust, like other spot ETFs, tracks the spot price of DOT. The altcoin may attract attention as a result of its prospective launch.
In the year following their approval for trading by the Securities and Exchange Commission (SEC) in January 2024, spot Bitcoin ETFs have achieved great success.
Analysts have noted that Bitcoin’s all-time peak exceeded $108k due to the interest in the funds and other factors, including Donald Trump’s election. Is this trend likely to persist for the various tokens that are considering ETFs, including Polkadot, Solana, Dogecoin, and XRP?
According to James Seyffart, an analyst at Bloomberg ETFs, the market will determine the issue of demand.
In anticipation of its market début, Dogizen has entered the final week of presale after launching its ICO on Telegram, a platform with 950 million users.
The announcement that DOGIZ will be active on Sui, a layer-1 blockchain that boasts a broad user base and increased potential, has served to intensify investor interest.
Dogizen is on the brink of a new adoption base as a result of Sui’s recent integration of the Phantom non-custodial multichain wallet. The anticipated launch of Dogizen could potentially compete with recent Telegram game applications such as Catizen, Hamster Kombat, and Notcoin due to its potential and attention.
Although Hamster Kombat, Catizen, and other GameFi tokens on Telegram achieved substantial success in terms of attracting millions of players, the airdrop approach resulted in the majority of participants selling off after claiming their tokens.
Dogiz establishes its credibility through its ICO strategy. It is important to note that the presale, which is expected to attract thousands of additional participants, is expected to attract long-term holders as they anticipate the future of gaming on Telegram. Additionally, there are more than one million players.
At present, presale participants have the opportunity to secure a position with Dogizen at a discounted rate.
The price of the native token for the Telegram game is $0.000085, as indicated on the presale page. Dogizen has a substantial opportunity for appreciation if the market valuation increases to $100 million, $200 million, or more, as it currently stands at only $10 million.
This is why it is unsurprising that enthusiasts are perusing the token sale prior to its conclusion on February 7, 2025.
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