Outside Source
In a tumultuous day for the cryptocurrency market, meme coin “Dog Go to the Moon” (DOG) has stood out as the top performer, securing its position among the leading 100 cryptocurrencies.
According to data provided by CoinMarketCap, DOG has experienced a remarkable surge of 20% in the past 24 hours, contrasting with the broader market, which has suffered a significant 38.74% decline during the same period. Amid this spike, the token has emerged as the largest gainer among the top 100 crypto assets.
Its rise saw the asset reach an all-time high of $0.00956 on June 3, triggering a surge in its market capitalization, which now stands at over $868 million. This allowed it to secure a spot among the top 100 assets. DOG is currently ranked 98th and is trading at $0.00875.
The asset’s volume has also experienced a substantial increase, soaring by 131% to reach $86 million. In addition, over the past seven days, DOG has demonstrated impressive resilience, also recording a remarkable surge of 114% within this period.
The cryptocurrency is now ranked seventh among meme coins. Notably, it achieved this feat by overtaking Book of Meme (BOME), a recently launched Solana meme coin sensation.
Following the impressive price run, Crypto pundit and founder of Crypto Capital Venture Dan Gambardello predicted that the meme coin would be a top performer. He boldly asserted that DOG could go on to flip Dogecoin (DOGE), a feat that would see its market cap surge past $22.7 billion.
According to data from CoinCodex the Relative Strength Index (RSI) for DOG is currently at 65.90 despite the recent spike, suggesting more room for growth. This further indicates that the asset is neither overbought nor oversold, but rather in a neutral zone, signaling a balanced market sentiment.
Meanwhile, despite the market turmoil, Bitcoin (BTC) briefly experienced a surge in value, peaking at $70,000 before declining to $68,000 at the time of reporting. Ethereum (ETH), mirroring Bitcoin’s trajectory, has witnessed a modest decline of 1.20% over the past 24 hours.
This article first appeared at crypto.news
