During a chaotic day in the crypto market, the meme coin known as “Dog Go to the Moon” (DOG) has emerged as a standout performer, solidifying its position within the top 100 cryptocurrencies.
Data from CoinMarketCap reveals that DOG has seen an impressive surge of 20% in the last 24 hours, in stark contrast to the broader market, which has experienced a significant decline of 38.74% in the same period. This surge has propelled DOG to become the top gainer among the top 100 crypto assets.
On June 3, DOG hit an all-time high of $0.00956, leading to a surge in its market capitalization, which now exceeds $868 million. This surge has secured its spot among the top 100 assets, with DOG currently ranked 98th and trading at $0.00875.
In addition to its price surge, DOG’s trading volume has also seen a substantial increase, rising by 131% to $86 million. Over the past week, DOG has shown remarkable resilience, with a surge of 114% during this period.
Among meme coins, DOG now ranks seventh, surpassing the recently launched Solana meme coin sensation, Book of Meme (BOME).
Following its impressive performance, crypto expert Dan Gambardello, founder of Crypto Capital Venture, predicted that DOG could potentially surpass Dogecoin (DOGE) and achieve a market cap exceeding $22.7 billion.
CoinCodex data shows that despite its recent spike, DOG’s Relative Strength Index (RSI) is currently at 65.90, indicating potential for further growth. This suggests that the asset is in a neutral zone, neither overbought nor oversold, reflecting a balanced market sentiment.
Meanwhile, amidst the market turmoil, Bitcoin (BTC) briefly surged to $70,000 before falling to $68,000 at the time of reporting. Ethereum (ETH) has also experienced a slight decline of 1.20% over the past 24 hours.
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