{"id":316409,"date":"2024-06-04T14:59:45","date_gmt":"2024-06-04T09:29:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-based-meme-coin-dog-go-to-the-moon-rallies-20-whats-ahead-crypto-news\/"},"modified":"2024-06-04T15:02:35","modified_gmt":"2024-06-04T09:32:35","slug":"bitcoin-based-meme-coin-dog-go-to-the-moon-rallies-20-whats-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-based-meme-coin-dog-go-to-the-moon-rallies-20-whats-ahead-crypto-news\/","title":{"rendered":"Bitcoin-based Meme Coin DOG-GO-TO-THE-MOON Rallies 20%, What’s Ahead? – Crypto News"},"content":{"rendered":"

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In the last 24 hours, Bitcoin-based meme coin DOG-GO-TO-THE-MOON<\/a> rallied by more than 20% reaching all the way to $0.0095 with its market cap reaching closer to $1 billion. The daily trading volume has also surged by more than 150% currently moving closer to $90 million.<\/p>\n

Dog.go.to.the.moon Price Rally<\/h3>\n

DOG\u2022GO\u2022TO\u2022THE\u2022MOON, colloquially referred to as DOG, emerged as a cryptocurrency on April 24, 2024, leveraging the innovative Runes protocol. Its meteoric ascent to fame saw DOG swiftly claim the title of the most sought-after token on the Runes platform.<\/p>\n

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The catalyst behind DOG\u2019s rapid ascent<\/a> lies in a meticulously executed airdrop initiative. Inaugurated with a bang, developers disbursed 100 billion DOG tokens on the debut day to a vast network of over 75,000 holders of the esteemed Runestone Ordinal NFTs.<\/p>\n

This strategic maneuver not only propelled DOG\u2019s valuation to unprecedented heights but also helped it affirm its status as a cornerstone asset within the Runes ecosystem.<\/p>\n

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DOG thrives within the framework of the Runes Protocol on the Bitcoin network, facilitating seamless trading across Bitcoin L1, Bitcoin L2s, and various centralized exchanges (CEXs).<\/p>\n

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What\u2019s Ahead for Bitcoin-based Meme coin ?<\/h3>\n

The hourly price chart for DOG indicates that the cryptocurrency is attempting to break below its immediate support line. However, bullish investors are anticipating a recovery in the coming hours. Should DOG maintain its momentum above $0.0084, it could trigger a bullish rally towards $0.01.<\/p>\n

Conversely, if the bulls fail to drive a surge, DOG\u2019s price may fall below the support line at $0.0064, potentially initiating a bearish trend towards $0.0045. The upcoming hours are crucial for determining the direction of DOG\u2019s price movement.<\/p>\n

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Leonidas, the developer behind Ordinals, has put forth the intriguing notion that Satoshi Nakamoto could be cognizant of the prevailing meme coin frenzy. Should DOG ascend to the coveted ten-digit club, it would stand shoulder to shoulder with venerable meme coins like Solana-powered BONK, Floki, and Pepe.<\/p>\n

If will be interesting to see as to in which direction will the DOG price swing going ahead.<\/p>\n

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. <\/p>\n<\/p><\/div>\n

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