The price of the SUNDOG meme coin has experienced a surge, attracting interest across the crypto space. SUNDOG has hit a new all-time high as noted by analyst Gem_detecter on X.
Besides, the meme coin has soared by 30.76% over the last day, according to CoinGecko data at press time. The coin’s price hovers around $0.2346.
This surge is driven by multiple factors, including its growing utility within the TRON ecosystem, widespread exchange listings, and community enthusiasm.
$SUNDOG is smashing new ATH again! No chilling, no sleeping if you're a SUNDOG's holder!Dip liquidity on both SunSwap DEX and HTX & MEXC CEXs. No worry about the market effect. This indeed becomes the next DOGE on $TRXFirst utility launched – SUNBOT ( BonkBot version on… https://t.co/Ij45jHqFsU pic.twitter.com/ibjZ8rEs7u
— GEM DETECTER (@gem_detecter) August 21, 2024
TRON Ecosystem and SUNDOG’s Growth
SUNDOG’s price pump is closely linked to the broader success of the TRON (TRX) ecosystem. TRON has surged in value, recently flipping Cardano to become one of the top ten cryptos on CoinMarketCap. This positive momentum within the TRON network has benefited SUNDOG, a meme coin built on TRON’s blockchain.
Moreover, SUNDOG’s launch of its first utility, SUNBOT, has contributed to the coin’s price rally. SUNBOT, a BonkBot version on TRON, incorporates a deflationary mechanism that supports SUNDOG’s value.
As gem_detecter noted, SUNDOG is smashing new ATHs, with its liquidity supported on SunSwap DEX, HTX, and MEXC CEXs. The utility launch and the impending airdrop for TRX holders are crucial factors driving SUNDOG toward his $1B market cap target.
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Exchange Listings Boost SUNDOG’s Market Presence
Another key driver of SUNDOG’s price surge is the recent wave of exchange listings. Prominent exchanges such as CoinEx, BitMart, and Gate.io have added SUNDOG to their platforms, offering trading pairs like SUNDOG/USDT.
These listings have brought more visibility and trading volume to SUNDOG, contributing to its market growth. Moreover, according to @SamuelXeus on X, the listing on these exchanges indicates that more tier-one centralized exchanges are likely to follow.
Another listing for $SUNDOG, eventually all tier 1 Cexs will line up to list $SUNDOGWith the amount of volume Sundog is bringing to the market daily, listings on major Cex's are inevitableMore listings mean more eyes on $Sundog, $1 Billion market cap is imminent, LOCK IN! https://t.co/W9lgVQJnQz
— Xeusthegreat ( , ) (@SamuelXeus) August 20, 2024
This growing attention from major exchanges has solidified SUNDOG’s position in the market, making the $1 billion market cap seem increasingly attainable.
The CoinEx listing, in particular, emphasizes SUNDOG’s dominance as the largest meme coin on TRON, further boosting investor confidence.
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