BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Bitcoin Meme Coin DOG Nears $1 Billion in Market Cap: Here is Why You Should be Bullish on DOG

by Sham
December 9, 2024
in Crypto, Opinion
A A
Bitcoin Meme Coin DOG Nears $1 Billion in Market Cap: Here is Why You Should be Bullish on DOG
5
SHARES
Share on TwitterShare on Reddit

• Dog-themed meme coins are surging in value
• These coins are inspired by Dogecoin and feature canine mascots
• The volatile coins rely on online attention and continue capturing investor interest across blockchain networks

Dog-themed meme coins are seeing a surge in value, with tokens inspired by Dogecoin and other canine mascots gaining momentum. These coins, known for their volatility and reliance on online attention, continue to capture investor interest across various blockchain networks.

ICYMI: Bitcoin $BTC meme coin $DOG (@LeonidasNFT) hit an all-time high of $980 million in market cap yesterday 🚀 pic.twitter.com/DNGyKJeiNR

— BlockNews (@blocknewsdotcom) December 9, 2024

DOG•GO•TO•THE•MOON Hits All-Time High

DOG•GO•TO•THE•MOON (DOG), a Bitcoin-based meme coin, reached an all-time high price of $0.0096 on Sunday, with its market cap soaring to $966 million. Launched in April alongside the Runes protocol, DOG has quickly become one of the most popular tokens within the ecosystem, boasting over 95,000 holders.

Developed by Casey Rodarmor, the creator of Ordinals, Runes aims to integrate meme coins and NFTs into Bitcoin’s ecosystem. DOG’s rise was further bolstered by its listing on platforms like OKX and Magic Eden. According to co-creator Leonidas, achieving new milestones without a tier-1 exchange listing highlights the organic growth of the token.

Ethereum and BNB Chain Meme Coins Gain Traction

While DOG captured attention on the Bitcoin network, other meme coins have experienced notable gains on Ethereum and the BNB Chain. Baby Doge Coin (BABYDOGE), launched in 2021 as a homage to Dogecoin, saw its price jump 33% on Monday, approaching its previous peak of $0.000000006288.

On Ethereum, the meme coin Neiro (NEIRO), inspired by a 10-year-old rescue dog adopted by Dogecoin mascot Kabosu’s owner, reached a market cap of $1.1 billion last month. Its value rose another 10% on Monday to $0.002, reflecting sustained community interest.

Meme Coin Buzz Fuels Trading Activity

The trading volumes of DOG, Neiro, and Baby Doge Coin have surged, particularly on the Cayman Islands-based exchange Gate.io. Over the past day, the tokens recorded $61 million, $56 million, and $187 million in trading volume, respectively, according to CoinGecko.

Runes tokens, which accounted for 81% of Bitcoin network activity shortly after their launch in April, now represent 8% of Bitcoin transactions. Despite waning hype, their presence on the Bitcoin network remains notable.

Congressman’s Meme Coin Investment Sparks Interest

Ski Mask Dog (SKI), a meme coin featuring a dog in a ski mask, doubled in price after U.S. Congressman Mike Collins of Georgia revealed he had purchased up to $30,000 worth of the token. The announcement, flagged by Unusual Whales on X, added to the intrigue, with Collins responding humorously using a Pepe the Frog meme.

Legacy of Dogecoin’s Mascot Lives On

The passing of Kabosu, Dogecoin’s iconic Shiba Inu mascot, in May was a significant moment for the crypto community. However, the adoption of Neiro, a rescue dog, by Kabosu’s owner brought fresh inspiration. Meme coins based on Neiro quickly emerged on Ethereum and Solana, further solidifying the cultural influence of dog-themed tokens.

MicroStrategy’s Continued Bitcoin Investments

While meme coins dominate headlines, institutional players like MicroStrategy continue to focus on Bitcoin. The company recently purchased $2.1 billion worth of Bitcoin, bringing its total holdings to 423,650 BTC. This marks MicroStrategy’s fifth consecutive week of Bitcoin acquisitions, underscoring its commitment to the leading cryptocurrency.

Conclusion

Dog-themed meme coins and Bitcoin-based tokens are thriving amidst a wave of market enthusiasm. From DOG’s record highs to Baby Doge Coin and Neiro’s continued growth, these assets reflect the enduring popularity of meme culture in crypto. As trading volumes and on-chain activity remain robust, the intersection of humor, community, and finance continues to drive innovation in the space.

Tags: BlockchainCasey RodarmorDOGDogecoinMeme Coins
Tweet1ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

Don’t Get Burned by the Bull: How to Actually Win in a Crypto Bull Market
Crypto

Don’t Get Burned by the Bull: How to Actually Win in a Crypto Bull Market

June 2, 2025
ETHEREUM ALERT: ETH Could Surge Against Bitcoin by 50% if This Technical Breaks Bullish
Bitcoin

ETHEREUM ALERT: ETH Could Surge Against Bitcoin by 50% if This Technical Breaks Bullish

June 2, 2025
Trump Set to Meet Chinese President Xi This Week: Here is What We Know
Crypto

Trump Set to Meet Chinese President Xi This Week: Here is What We Know

June 2, 2025
AVAX Holds Steady, But Traders Stay on the Fence
Crypto

AVAX Holds Steady, But Traders Stay on the Fence

June 2, 2025
Whales, Charts, and a Bit of Nerves—Chainlink’s Bumpy Ride
Chainlink

Whales, Charts, and a Bit of Nerves—Chainlink’s Bumpy Ride

June 2, 2025
Hyperliquid’s Wild May: Volume Skyrockets, Token Breaks Records
Crypto

Hyperliquid’s Wild May: Volume Skyrockets, Token Breaks Records

June 2, 2025
Load More

Related News

Don’t Get Burned by the Bull: How to Actually Win in a Crypto Bull Market

Don’t Get Burned by the Bull: How to Actually Win in a Crypto Bull Market

June 2, 2025
ETHEREUM ALERT: ETH Could Surge Against Bitcoin by 50% if This Technical Breaks Bullish

ETHEREUM ALERT: ETH Could Surge Against Bitcoin by 50% if This Technical Breaks Bullish

June 2, 2025
Trump Set to Meet Chinese President Xi This Week: Here is What We Know

Trump Set to Meet Chinese President Xi This Week: Here is What We Know

June 2, 2025
AVAX Holds Steady, But Traders Stay on the Fence

AVAX Holds Steady, But Traders Stay on the Fence

June 2, 2025
Whales, Charts, and a Bit of Nerves—Chainlink’s Bumpy Ride

Whales, Charts, and a Bit of Nerves—Chainlink’s Bumpy Ride

June 2, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.