$DOG target position analysis
$DOG is also a new coin with a short listing time. Nothing can be analyzed from its own historical market data, so the anchoring method can only be used.
The anchor of $DOG is $ORDI.
Although there are certain technical differences between inscriptions and runes, they are essentially meme assets issued based on Bitcoin. The ceilings of the two tracks are not much different, and $DOG and $ORDI are the leaders of the rune track and the inscription track respectively, so the target market value of the two is not much different.
It is impossible for runes to increase by dozens of times like last year's inscriptions, because the rise of inscriptions has also raised the valuation of runes. At present, the market value of $DOG ($550 million) is not much lower than that of $ORDI ($786 million). The main reason for the gap between the two is that $DOG has not yet been listed on the first-tier exchanges.
The previously estimated target of $ORDI was $160-180, and the corresponding target market value was between $3.36 billion and $3.78 billion.
For $DOG, this year may be the last window for it to be listed on Binance. If $DOG can be listed on Binance within this year, the target market value of $DOG may be slightly higher than $ORDI, reaching between 3.5 billion and 4 billion US dollars, and the corresponding target of $DOG is between 0.35 and 0.4.
If it cannot be listed on Binance within this year, the possibility of listing on Binance later will be even smaller. Its target market value is estimated to be lower than $ORDI, with a high probability of less than 3 billion US dollars, and the corresponding target of $DOG is less than 0.3.
