DOG•GO•TO•THE•MOON Price Analysis: Runes On Bitcoin Continue To Defy Market Wide Meme Coin Slump

What is DOG•GO•TO•THE•MOON? With meme coins getting rekt all over, Bitcoin Runes are holding steady with Dog Go To The Moon (DOG) leading the pack – here’s what you need to know.

Since Bitcoin crashed from $70,000 down to $66,200 at the beginning of the week, meme coins took an even bigger hit.

Many of the major meme coins are down between 10-30% over the past few days. One meme that stands green in a sea of red is the Bitcoin Rune, DOG•GO•TO•THE•MOON (DOG).

(COINMARKETCAP)

DOG•GO•TO•THE•MOON: Unpacking DOG’s Journey To The Moon So Far

Launching back in April of this year, DOG quickly became the leading rune on Bitcoin.

The lore behind DOG began with a visionary move by LeonidasNFT on X.

He initiated a groundbreaking airdrop of “Runestone” to over 112,000 early adopters of Bitcoin’s Ordinals Protocol.

This historic event led to the mining of the Largest Bitcoin Block Ever recorded, the most substantial inscription known to Blockspace.

The only thing you had to do was have an address with 3 inscriptions within the first 12 months of the Ordinals protocol, and you were eligible for the Airdrop.

Only $DOG is truly free & fair. Getting an airdrop is cool. But there's added risk when part of the supply is being controlled. $DOG is rug proof! 🐶🚀⚪️https://t.co/UIqVNZnlH9 pic.twitter.com/eKb2W5JRzq

— Ghyzmo (@GGhyzmo) June 11, 2024

The narrative of Runestone reached a new milestone with the introduction of DOG. It was the first meme coin launched on the Bitcoin blockchain via the Runes Protocol.

An airdrop initiative was announced as a reward to the early backers of the Runestone project and to foster further community engagement.

DOG was airdropped to all Runestone holders. This move was made to reward holders for their early support of the Ordinals innovation.

DOG Continues Its Journey To The Moon As Most Meme Crash

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DOG is up nearly +16% over the past 24 hours and over 210% in the past 30 days.

While the price is steadily increasing, one interesting piece of information is that the holders are declining, down -25%.

This is most likely due to investors who received the DOG airdrop selling their bags as the price continues to climb.

While profit is profit, these investors are selling into strength as DOG continues to defy the rest of the market, turning red.

#符文 热点代币链上数据统计：
Statistics for Hot #Runes Tokens:
[ 1] $DOG•GO•TO•THE•MOON: +32.54%
[ 2] $RUNES•X•BITCOIN: +9.87%
[ 3] $SATOSHI•RUNE•TITAN: -23.95%
[ 4] $STARGATE•BTC•ECO: -6.97%
[ 5] $COOK•THE•MEMPOOL: +14.85%
[ 6] $NICOLAS•PI•RUNES: -4.24%
[ 7]… pic.twitter.com/N7mQL2ROYB

— Nathan (@neos2022) May 29, 2024

Many community members are theorizing that a Binance listing is imminent for DOG, which would be monumental.

Binance has listed many BRC-20 tokens, but as of yet, they have not listed a Rune project. It is currently processing over $50 million in volume daily while not being listed on any Tier-1 exchanges.

With a market cap of nearly $700 million, there is a good chance that Binance will capitalize on the Meme Rune hype and list DOG in the near future.

Yeah, @binance is def signaling a $DOG listing. 👀 pic.twitter.com/8d7yHWeCoW

— Tasties Shill (@Tasties_Shill) June 11, 2024

But while DOG flourishes in the spotlight, retail investors are still seeking the finest hidden gems in the Inscriptions space ahead of theorized major gains later this year.

Could This Be The Biggest BRC-20 Token Launch of 2024 (Many Analysts Predict It Will Be)

Amid the downturn, one BRC-20 presale is breathing life back into the market as smart money investors’ appetite grows for the biggest opportunity in Bitcoin today.

Stop for a second and think about all the time you have spent studying crypto—hours? days? weeks?

Imagine if, when you first discovered cryptocurrency, there was an incredible user-friendly ecosystem that equipped you with all the tools and knowledge you needed to become an exceptionally profitable trader.

Now imagine if every second you spent studying on that platform paid you.

That sensational idea is fuelling the viral growth of the 99BTC presale, which has exploded in the BRC-20 vertical, raising a jaw-dropping $2M in the past few weeks.

Built out by an intrepid team of OG developers and powered by the long-standing 99Bitcoins Bitcoin Education Course, this new Learn-2-Earn ecosystem is projected to explode in 2024.

The heart of this projected growth is the product’s expected popularity, with the ranks of new users expected to be onboarded into the crypto ecosystem in 2024.

In a similar vain to Coinbase’s BASE chain (which aims to onboard new users via the Coinbase CEX), 99BTC will undertake dramatic growth as new users discover the magic of learn-2-earn education via one of the most prominent crypto education sites in the industry: 99Bitcoins.

So if you missed DOG•GO•TO•THE•MOON, don’t miss your chance to get in early and unlock the lion’s share of potential 50x gains.

Buy 99BTC Here

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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.