During a volatile day in the world of cryptocurrency, 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 experienced an impressive surge of 20% over the past 24 hours, in stark contrast to the broader market’s significant decline of 38.74% during the same period. This surge has propelled DOG to the top of the list of gainers among the top 100 crypto assets.
Reaching an all-time high of $0.00956 on June 3, DOG has seen its market capitalization soar to over $868 million, securing its place among the top 100 assets. Currently ranked 98th, DOG is trading at $0.00875.
The volume of the asset has also seen a significant increase, jumping by 131% to $86 million. Over the past week, DOG has demonstrated remarkable resilience, with a surge of 114% within this period.
Now ranked seventh among meme coins, DOG has surpassed Book of Meme (BOME), a popular Solana meme coin, in achieving this milestone.
In light of its impressive performance, Crypto Capital Venture’s founder Dan Gambardello predicted that DOG could potentially surpass Dogecoin (DOGE) and reach a market cap exceeding $22.7 billion.
According to CoinCodex, the Relative Strength Index (RSI) for DOG currently stands at 65.90, indicating room for further growth despite the recent surge. This suggests that the asset is in a balanced market sentiment, neither overbought nor oversold.
In the midst of market turmoil, Bitcoin (BTC) briefly surged to $70,000 before dropping to $68,000 at the time of reporting. Ethereum (ETH) has followed a similar trajectory, experiencing a modest decline of 1.20% over the past 24 hours.
Despite the challenges in the market, Binance sees no clear roadmap for resolving the situation in Nigeria.