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$DOG Memecoin Surges 371%, Runes Market Cap Hits $2.11B with 5.2 BTC Trade

Jun 1, 2024, 03:45 AM

The cryptocurrency $DOG, a memecoin on the Bitcoin blockchain, is experiencing a significant surge in value and popularity. Over the past two weeks, $DOG has seen a 371% increase and currently boasts a market cap of $800 million, with predictions of reaching $1.2 billion within the next seven days. This growth is attributed to the strong community support and strategic moves, such as upcoming Tier 1 exchange listings and increased media coverage. Additionally, the Runes protocol, which includes $DOG, has seen its collective market value double to $2.11 billion in the past week. The recent purchase of 45.5 million $DOG for 5.2 BTC marks the largest on-chain Runes trade to date. The $DOG community remains optimistic, anticipating further growth and mainstream adoption.