A new entry on the block! Dog (Runes) has skyrocketed by 56% in the past week and an impressive 91% over the last two weeks. Now trading at $0.003961, this Bitcoin-based meme coin is gaining serious traction. With a market cap of $398.9 million and a trading volume of $6.92 million, Dog (Runes) is turning heads, especially with analysts predicting it could soon reach a market cap of $750 million.
Getting hands-on smaller-cap coins looks like the last great shakeout before “Uptober”. A huge market rally is coming – and you don’t want to miss out. Read on to know what to do next.
Dog (Runes) stands out as a meme coin on the cutting-edge Bitcoin Runes protocol, designed to simplify the creation and management of fungible tokens on the Bitcoin network. Unlike other meme coins centered around a cute dog mascot—such as Dogecoin and Shiba Inu—Dog is capitalizing on the growing interest in Bitcoin-themed projects.
As 2024 shapes up to be the year of meme coins, Dog is positioning itself alongside major players. The success of meme tokens like Dogecoin and Shiba Inu, which have captivated investors for years, demonstrates the potential profitability of this category.
For example, a recent headline-grabbing story involved a trader turning $1,300 into a staggering $12.45 million on a new meme token, adding to the allure of coins like Dog (Runes).
Crypto expert MadPunk recently took to X (formerly Twitter) to emphasize Dog (Runes)’s potential for explosive growth. He highlighted that Bitcoin-themed meme coins, including Dog (Runes), are benefiting from a surge in interest. According to him, the next major price movement could push its market cap closer to $750 million, a significant milestone.
It currently has a market cap of $560 million. Despite today’s dip of over 7%, concerns among investors have not dampened enthusiasm for DOG. Technical indicators hint at potential overbuying, suggesting a consolidation period might be necessary. However, if DOG can bounce off its first resistance level of $0.003848, it may target the next resistance level at $0.005002, signaling continued upward momentum.
Dog (Runes) has previously demonstrated significant growth potential, having reached an all-time high of $0.009774 and a market cap of $962.17 million. These milestones boost the credibility of predictions that the token could soon hit a $750 million market cap, especially with the bullish sentiment surrounding “Uptober” and the broader cryptocurrency market.
As Dog (Runes) rides the wave of its recent rally, investors are watching closely to see if it can hit that coveted $750 million market cap. With momentum building, this Bitcoin-based meme coin could be one to watch!
Is DOG the next big meme coin sensation? Share your predictions and analysis.
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