DOG (Bitcoin), the first memecoin built directly on Bitcoin’s network using the new Runes protocol, is making headlines with a price surge. In the past 24 hours, the DOG token became the top performer among the top 300 cryptocurrencies on CoinGecko. As of now, it remains one of the day’s biggest gainers, up 11% and trading at $0.003791, with a daily trading volume exceeding $27 million.
Launched with no pre-sale, no team allocation, and a fair, community-driven launch, DOG is a fully decentralized memecoin backed by Bitcoin’s security and a rapidly growing grassroots following. The token has quickly gained traction in the market and on social media.
Analyst Dan Gambardello recently opened up about DOG’s impressive rally, surging 42% in a single day. According to the expert, DOG’s first major Tier-1 exchange listing is imminent, which could fuel even bigger moves in the days ahead.
Earlier this year, DOG hit a market cap of $950 million, coming just shy of the $1 billion milestone. It has since corrected to around $300 million. While DOG currently trails well-known memecoins like Dogwifhat, Brett, and Floki, it has already overtaken rising names such as Turbo, Notcoin, and Toshi.
It is listed on several major mid-tier exchanges like BingX, Bitget, MEXC, and Gate.io, with futures trading live on Bybit, OKX, KuCoin, and Kraken. According to speculations, DOG’s Kraken spot listing is 95% confirmed for June 27.
Gambardello has said that it is one of the top 5 plays of this entire cycle. CoinMarketCap recently featured DOG in its weekly report, noting its rapid growth and potential to rival Dogecoin.
Dogecoin is still the top memecoin by market cap and has been around since 2013. For DOG to catch up, it would need to jump over 6,000%. A few weeks ago, DOG’s current market cap was around $500 million, the same level Dogecoin was at before its explosive run to nearly $100 billion last cycle.
DOG is the first memecoin built directly on Bitcoin’s network using the new Runes protocol. It distinguishes itself with a fair, community-driven launch (no pre-sale or team allocation) and is backed by Bitcoin’s security.
The Runes protocol allows for the creation of fungible tokens directly on the Bitcoin blockchain. DOG is built on this protocol, leveraging Bitcoin’s native security and efficiency for its operations.
DOG tokens are available for trading on several centralized crypto exchanges. Gate.io is currently the most active platform, with the DOG/USDT pair recording over $9.3 million in trading volume in the past 24 hours. Bitget and Hibt are also among the notable exchanges offering DOG trading.
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