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DOG price surges 62% amid calls for Binance listing

GrafaGrafa2024/10/01 02:00
By:Liezl Gambe

DOG•GO•TO•THE•MOON (CRYPTO:DOG), a meme coin built on Bitcoin’s Ordinals protocol, has seen a 62% price surge in the past week, fueling calls from the DOG community and advocates for a Binance listing.

Leonidas, a Bitcoin Ordinals advocate and host of The Ordinal Show, took to X (formerly Twitter) to urge Binance to list DOG, emphasising its status as the top meme coin on the Bitcoin network.

Leonidas noted that while DOG has strong community backing, the developer is not willing to pay Binance's listing fee or provide market makers.

He highlighted the importance of DOG, contrasting its performance with other meme coins, stating, "If you would like to list DOG, the #1 meme coin on Bitcoin, we would very much be in favor of this. However, we will not pay your listing fee or provide market makers."

DOG’s price currently sits at $0.0040, a slight 5% dip in the last 24 hours, but up 62% from the previous week.

According to Santiment data, the weighted sentiment around DOG has risen significantly, suggesting increased interest and positivity within the market.

Some in the community believe that the next price jump could push DOG’s market cap to $750 million, up from its current $400 million.

Looking at technical indicators, DOG has recently broken out of a descending triangle pattern, which previously restricted its price movement.

This breakout pushed the price to $0.0042, though it has since retraced slightly to $0.0040.

The Fibonacci retracement tool indicates that DOG’s price might drop to $0.0037, but bullish pressure could push it back up, possibly toward $0.0067 if the Binance listing materialises.

At the time of reporting, the DOG•GO•TO•THE•MOON price was $0.003759.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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