[{"category":{"name":"BitScreener Exclusive","exported_url":"bitscreener-exclusive"},"id":"02c52c33-9459-42c4-994f-929a0904efe2","updated_at":"2024-06-07T03:54:52.775+00:00","account":{"firstName":"Marigold","lastName":"Vance"},"description":"Thursday 6 June has witnessed the release for sales of the special Bluey coin set, which have been unveiled by the Royal Australian Mint.","sapo":"Australian’s favorite blue heeler is now being immortalized in coin forms - the so-called Bluey coins. Is this impressive commemoration going to mark a milestone in the memecoin Bluey price?","title":"Bluey Coin Release: Opportunity for Coin Collectors or Crypto Investors?","content":"

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The beloved cultural phenomenon Bluey has captivated families worldwide. It is now being honored with a special series of coins in its home country - Australia. The Bluey coin set, which is called “Dollarbuck”, features three Bluey-themed $1 coins and has been released by the Royal Australian Mint this Thursday with a limited number for sale.

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The Bluey coin set

Bluey, an ABC children’s show launched in 2018 in co-commission with BBC Studios, has gained global popularity, becoming the representation of Australian culture.

The colorful Bluey dollar coin features Bluey herself on one coin, while the Heeler family and the Grannies on the other two. Besides, the iconic Heeler home is also minted on each coin.

2024 Bluey Coin Dollarbucks - $1 Coloured Three-Coin Collection

2024 Bluey Coin Dollarbucks - $1 Coloured Three-Coin Collection. Source: Royal Austrian Mint

Sold as individual coin cards as well as a three-coin set in a bespoke presentation envelope along with a sticker sheet, these vibrant coins are available through the EQL ballot, mint coin shop (the Canberra Mint shop), mint contact centre and authorized retailers.

Due to high demand, a ballot has been set up ahead of the sale. Royal Australian Mint CEO Leigh Gordon expressed that this limited-run Bluey coin collection is a great opportunity for Australians to start collecting coins, following the success of previous sets featuring The Wiggles and Play School. “We hope that through this new Bluey program we are cultivating the coin collector of tomorrow”, he said, “What better way to start your child’s or grandchild’s coin collection than with a Bluey coin?”

The reaction towards Bluey coin release

Labeling the coin collection as a timeless treasure for fans, a throng of people have lined up in the freezing cold of Australia to buy a limited edition Bluey coin. The collection - essence of the beloved Bluey, as expected, was sold out at short notice.

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However, the problem also comes from such a sell-out when some of the resellers take advantage to scalp the actual price online, boosting the value of the Bluey coin and triggering confusion and frustration as well.

With only 30,000 of each coin and set minted, the Bluey coin has become a highly sought-after item for both Bluey fans and resellers, leading to the rapid increase in prices. Three-coin sets have been sold for as much as $375 on eBay today, more than six times the original price.

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An upsurge in Bluey coin price

Launched 1 year ago, Bluey coin is a dog-themed cryptocurrency project featuring memecoin. It is an ERC-20 token (Ethereum Request For Comment), on the Ethereum blockchain. It trades under Bluey ticker. This kind of token offers investors interchangeability and flexibility with widespread use.

This advantage of ERC20 network tokens brings convenience and uniformity to users. Strong support from developers as well as extensive documentation about ERC-20 help users better understand how the tokens work and how to integrate them into their applications, services, or wallets. Yet, Bluey coin has remained unpopular with an extremely modest price over time.

The release of this Bluey coin collection, besides capturing the attention of coin collectors, may also generate increased interest and awareness in the token among crypto investors.

Bluey Price over the last 5 days

Bluey Price over the last 5 days. Source: Coinbrain.

As can be observed from its value, it is apparent that there may be a link between the release of Bluey coin and Bluey price in cryptocurrency. Despite fluctuation during the day, May 6 - the release date of the coin collection, signals a significant uptick in the value of the token after days of dramatic plummeting.

The release of Bluey coin has been a topic that receives tremendous concerns and excitement among people, especially coin collectors and perhaps crypto investors. The value of Bluey coin in crypto space has been displaying a positive increase for the past day, yet the acceleration may not be enough to make the token as popular and as valuable as in the past month.

The information provided in this article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.

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Bluey Coin Release: Opportunity for Coin Collectors or Crypto Investors?

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