Deep dive DOG Price Analysis as we unpack the skyrocketing momentum of DOG•GO•TO•THE•MOON (DOG) in the Bitcoin Runes market, with a 21% surge in the past 24 hours.
April began with Bitcoin Runes looking like the year’s biggest crypto dud, but the DOG•GO•TO•THE•MOON (DOG) protocol has finally stolen the show.
In the last 24 hours, DOG surged 14%, and it’s up 120% this week, now trading at $0.009132 as of 10:00 a.m. EST.
This rally is backed by a 17% increase in trading volume, hitting $94 million.
Is Runes a brief sensation, or are we witnessing the start of something special?
DOG•GO•TO•THE•MOON: A Meteoric Rise With Room to Grow
The launch of the Bitcoin Runes protocol by Ordinals mastermind Casey Rodarmor was nothing short of explosive.
However, the initial euphoria fell off in May, with Runes activity down over 90% since its April launch, stirring debates that the project was overhyped.
Then Dog to the Moon happened.
Runes at $2B and all you had to do was get in early.. A rising tide lifts all boats..
7D performance on top 3:
PUPS•WORLD•PEACE – 64%
RSIC•GENESIS•RUNE – 56%
DOG•GO•TO•THE•MOON – 125%Like a car off the line, the most energy is spent at the start but now we moving!! pic.twitter.com/0SZbYqRfU1
— Deci 🥦 (@18decimals) June 4, 2024
Dog to the Moon is soaring, up 260% over the last two weeks.
Moreover, in just the past week, DOG reached an all-time high (ATH) of $0.009746.
Technical analysis points to DOG gearing up for another breakout. Briefly trading above the 50-day and 200-day SMAs, it’s showing strong bullish vibes. The RSI has bounced from oversold to 37, signaling growing buying pressure.
(DOGUSDT)
Operating within the Runes Protocol on Bitcoin, Dog to the Moon offers seamless trading across Bitcoin L1, Bitcoin L2s, and centralized exchanges, significantly enhancing its liquidity and ease of access.
Though DOG is essentially a valueless Bitcoin-based shitcoin with unlimited supply, it injects a playful spirit into BTC—something Solana, Ethereum, and Binance have capitalized on for too long.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
