DOG price may climb to $0.01 if it stays above $0.0084. Bitcoin meme coin is Runes protocol’s most traded token.
DOG-GO-TO-THE-MOON, a Bitcoin-based meme coin surged 20% in the last 24 hours, reaching $0.0095 with a market cap approaching $1 billion.
Additionally, the daily trading volume has increased by over 150% and is now approaching $90 million.
Dog.go.to.the.moon Price Rally
DOG•GO•TO•THE•MOON, more commonly known as DOG, surfaced as a cryptocurrency on April 24, 2024, operating on the groundbreaking Runes protocol.
DOG’s rapid ascension to prominence propelled it to the status of the most coveted token on the Runes platform.
A scrupulously implemented airdrop initiative has propelled DOG to its meteoric rise.
Developers distributed 100 billion DOG tokens to an extensive network of over 75,000 holders of the prestigious Runestone Ordinal NFTs on the day of the inauguration, which began with a bang.
By executing this strategic maneuvre, DOG not only increased in value to an unprecedented degree but also solidified its position as a fundamental asset within the Runes ecosystem.
Meanwhile, DOG operates efficiently throughout the Bitcoin network via the Runes Protocol, which enables smooth transactions across Bitcoin L1, Bitcoin L2s, and numerous centralized exchanges (CEXs).
What’s Ahead for Bitcoin-based Meme Coin?
According to the DOG hourly price chart, the cryptocurrency is attempting to drop below its immediate support line.
On the contrary, optimistic investors are expecting a resurgence within the next few hours.
If DOG continues to gain traction above $0.0084, it may incite a bullish surge towards $0.01.
Conversely, if the bulls fail to drive a surge, DOG’s price may fall below the support line at $0.0064, potentially initiating a bearish trend towards $0.0045.Â
The course of the upcoming hours will determine the trajectory of DOG’s price movement.
Leonidas, the developer of Ordinals, has proposed the intriguing notion that Satoshi Nakamoto may have knowledge of the current hysteria surrounding meme coin.
DOG would be in esteemed company alongside renowned meme coins such as Floki, Pepe, and Solana-powered BONK if it were to ascend to the ten-figure club.
It will be intriguing to observe the trajectory of the DOG price in the foreseeable future.
