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.
DOG's anchor 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.
Runes are unlikely to see the dozens of times increase of inscriptions last year, 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 between US$160-180, and the corresponding target market value was between US$3.36 billion and US$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, since Rune is a newer generation asset, DOG's target market value may be slightly higher than ORDI, reaching between 3.5 billion and 4 billion US dollars, and the corresponding DOG target is between 0.035 and 0.04.
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 DOG target is less than 0.03.
