Price data from cryptocurrency market tracking websites such as CoinMarketCap or CoinGecko

$DOG Memecoin Surges 351%, Nears $1 Billion Market Cap on Bitcoin Blockchain

Jun 6, 2024, 03:56 PM

$DOG, a new memecoin, has experienced a significant surge in value, rising by 351% this month and nearing a $1 billion market cap. If it continues to rise, it could reach a $4.22 billion market cap. The coin, which prides itself on being distributed fairly without presales, team allocations, or paid promotions, is gaining traction in the crypto community. Enthusiasts are eagerly anticipating its listing on tier-1 cryptocurrency exchanges, which could further boost its value. The $DOG community, often referred to as the $DOG army, is actively promoting the coin and organizing events to celebrate its milestones. Despite a recent 12% retracement, the community remains optimistic about its long-term potential. $DOG is also notable for being the first memecoin on the Bitcoin blockchain.