Calls for Binance Listing of DOG•GO•TO•THE•MOON Following 62% Price Increase
Leonidas, a Bitcoin Ordinals advocate, has requested Binance to list DOG•GO•TO•THE•MOON (DOG) after a 62% price increase. Despite a recent decline, community sentiment is positive, with predictions of a substantial market cap increase. DOG has broken out of a restrictive price pattern, suggesting potential for significant future price movements depending on Binance’s decision.
A notable shift in the cryptocurrency landscape is unfolding as Leonidas, a prominent advocate for Bitcoin Ordinals, has put forth a compelling request for Binance to consider listing the meme coin DOG•GO•TO•THE•MOON (DOG). This coin is the first of its kind built on the Bitcoin network via the Ordinals protocol. As the DOG community rallies behind the request, market attention heightens following a striking 62% price surge over the past week, bringing the current valuation to $0.0040, albeit with a 5% decline in the last day. In his statement on X, Leonidas emphasized DOG’s status as the leading meme coin, while also imparting warnings about the implications of not listing the coin. He firmly noted, “If you would like to list DOG, the 1 meme coin on Bitcoin, we would very much be in favor of this however, we will not pay your listing fee or provide market makers. Should you choose not to list DOG, we will not be able to help you explain to your users why you chose to list corporate testnet meme coins that have been down only this month instead of listing the top meme coin on the largest blockchain in the world, which has been up only this month.” His remarks suggest potential backlash for Binance should it overlook an asset showing considerable growth during a volatile market period. The positive sentiment surrounding DOG has surged, leading optimism about its market cap. Pseudonymous user MadPunk asserted that the market cap could reach $750 million, underlining the bullish sentiment shared among community members. From a technical analysis perspective, DOG has transitioned from a restrictive descending triangle pattern, breaking above $0.0042 over the weekend, although it has recently reverted to $0.0040. Projections indicate a possibility for a subsequent rally towards $0.0067 if a Binance listing materializes; conversely, failure to act could see the price plummet to $0.0018. In essence,DOG’s burgeoning popularity and its substantial price movements warrant attention from larger exchanges like Binance, which could significantly alter DOG’s trajectory in the ever-evolving cryptocurrency environment.
The article discusses the growing calls from the DOG community for Binance to list the meme coin DOG•GO•TO•THE•MOON (DOG), which has recently surged in price by 62% over a week. The coin utilizes the innovative Ordinals protocol for its development and has garnered significant attention as it rises amidst a volatile crypto market. Leonidas, a Bitcoin Ordinals developer, emphasizes the coin’s leading status and warns Binance of potential user dissatisfaction should it ignore this prominent asset in favor of underperforming alternatives. Technical price analysis suggests a volatile path ahead depending on the exchange’s decision, which could lead to significant gains or losses.
In conclusion, DOG•GO•TO•THE•MOON emerges as a significant player in the meme coin sector, reflecting a robust increase in price and community backing. The appeal for a Binance listing hinges not only on market momentum but also on the expectations of its supporters for responsible listing practices from the exchange. As DOG navigates the waters of the cryptocurrency market, both its price potential and the responses from major exchanges like Binance will be critical in determining its future trajectory.
Original Source: beincrypto.com
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