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DOG•GO•TO•THE•MOON (DOG), a rising meme coin on the Bitcoin blockchain, has been making headlines with its impressive market performance.

Launched on April 24th, 2024, as part of a volunteer-organized airdrop to the Bitcoin Ordinals community, DOG stands out due to its community-led and decentralized nature, having no team allocation or presale.

DOG’s mission is ambitious: to “go to the moon” and onboard millions of people to Bitcoin.

In the last 24 hours alone, DOG posted a 24.24% gain, outperforming many other cryptocurrencies, including the well-known Floki (FLOKI).

In the past month, DOG has experienced a remarkable 240.86% surge, pushing its price to a new all-time high of $0.009745 just a few hours ago.

This explosive growth has catapulted DOG’s market cap to $974.53 million, ranking it 92nd among cryptocurrencies by market capitalization.

The coin’s trading volume has also seen a significant uptick, with a 165.13% increase over the past 24 hours, amounting to $91.85 million.

The volume-to-market cap ratio stands at a healthy 9.68%, indicating strong trading activity and investor interest.

Contrary to most cryptocurrencies, DOG has a total supply of 100 billion tokens, all of which are currently in circulation.

Despite its success, DOG•GO•TO•THE•MOON remains one of the few top meme coins that has not yet secured a listing on a major centralized exchange (CEX) like Binance.

The token’s ability to compete with top meme coins without major exchange listings has garnered attention from analysts. Dan Gambardello, a notable crypto analyst, believes DOG has the potential to challenge Dogecoin’s dominance in the meme coin space.

In a post on X, Gambardello describes DOG as one of the best altcoin plays of the current market cycle, highlighting its rapid growth and robust community support.

The price surge with being listed on any CEX listing has also led to speculation about the potential impact on DOG’s price if it were to achieve such a milestone.

Analyst Leonidas suggests that a Tier 1 CEX listing could propel DOG’s price even higher, given its already impressive performance without this advantage.

Every memecoin in this image has a @binance listing and multiple other Tier 1 CEX listings except $DOG$DOG has zero Tier 1 CEX listings but is still hanging in there with all of the top memecoins

Imagine what happens when we finally get listed on even one Tier 1 CEX pic.twitter.com/novTPkdnrM

Traders, especially those who have already invested in the meme coin, are waiting with baited breath for a potential price explosion if the token is to get any exchange listing.

The post DOG•GO•TO•THE•MOON (DOG) jumps 240% to a new all-time high appeared first on Invezz

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