DOG, a memecoin built on the Bitcoin network using the new Runes protocol, has drawn attention due to a significant price rise in recent days.
Growth and Features of DOG
In the last 24 hours, the DOG token has emerged as a top performer among 300 cryptocurrencies on CoinGecko, showing an 11% price increase, reaching $0.003791 with a trading volume exceeding $27 million. With a decentralized structure and an active community, DOG launched without any pre-sale or team allocation.
Prospects and Exchange Listings
Analyst Dan Gambardello noted a remarkable rally for DOG, with a 42% price increase in a single day. He mentioned that an upcoming listing on a major exchange could propel further growth. Currently, DOG is listed on several mid-tier exchanges, such as BingX and Bitget, and rumors suggest a potential confirmation for a Kraken listing.
Comparison with Dogecoin
As of now, Dogecoin remains the largest memecoin by market capitalization and has been around since 2013. For DOG to reach similar heights, it needs to increase by over 6000%. Nonetheless, DOG has already surpassed several competing memecoins and shows a rapid growth trajectory.
DOG presents a notable potential in the cryptocurrency market, though it still has a significant distance to cover before matching Dogecoin's valuation.
